Podcast | Data Analytics and Financial Reporting
Higher Ed Advisor: navigating the changes to ED’s financial reporting requirements to calculate composite score
Welcome to Higher Ed Advisor, the Baker Tilly podcast series where we speak with higher education industry leaders from across the firm about practical and proactive guidance to help colleges and universities protect and enhance their value.
The Department of Education (ED) made changes to the calculation used to determine a higher education institution’s financial responsibility composite score. As part of this, ED is requiring colleges and universities to report additional information in their annual financial statements. The calculation measured using this data must result in a composite score of 1.5 or higher in order for a school to be considered “financially healthy” and eligible for federal financial aid grant funding. Non-compliance can result in a number of risks and consequences.
Listen to our podcast to learn about the changes and requirements, and understand the implications for colleges and universities, from recruitment to reputation, that don't comply or meet the required score.
Higher Ed Advisor hosts
David Capitano
As the firm’s higher education practice leader, Dave Capitano provides oversight to more than 200 team members serving over 400 colleges, universities, research institutions and higher education systems across the United States.
Rebekah Martin
Rebekah Martin, principal in the higher education/not-for-profit group of Baker Tilly, has been with the firm since 2005.
Baker Tilly has extensive experience working with college and universities on all compliance matters, including ED compliance. For more information, or to learn how Baker Tilly’s higher education specialists can help your institution, contact our team.
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