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COVID-19 Update: PPP Loan Forgiveness, Fall Learning Complications, CDC Guidance, ERC Guidance

(from Ellin & Tucker) One of the major unknowns of the SBA's PPP program for independent schools was whether loan forgiveness would constitute federal financial assistance and subject the school to the Uniform Guidan
  • Pandemic

  • Regulatory Updates

COVID-19 Update: New Treasury Guidance for May 14 Safe Harbor PPP Deadline

(from the Department of the Treasury) Updated on May, 14. On May 13, the Department of the Treasury released FAQs clarifying the SBA’s interpretation of the CARES Act and of the Paycheck Protection Program (PPP) Interim

COVID-19 Update: Six HR Considerations, Model Reopening Guide, Student Anxiety Up, Future of Work

(From SHRM) As employees begin to return to their workplaces after weeks under COVID-19 stay-at-home orders, employers should be prepared to communicate information regarding health and safety considerations. Employment

COVID-19 Update: UK Private Schools On Edge, Reevaluating PPP Loans, Donor Poll

(From Tes) As many as 30% of private schools in the UK could face closure because of the coronavirus pandemic, according to a new report from Tes. The fee discounts that schools are having to offer to parents suffering t

COVID-19 Update: CDC Guidance for Schools, State Guidance, PPP Accounting, Unemployment

(from NPR) No field trips. No game rooms. No teddy bears. These are some of the CDC's guidelines for reopening schools, childcare centers and day camps safely in places where coronavirus cases are on the decline. The gui

COVID-19 Update: Safe Harbor Date Extended, One Independent School's Return to Campus

(From CliftonLarsonAllen LLP) The SBA has extended the safe-harbor period for returning Paycheck Protection Program (PPP) funds by one week to May 14, 2020. A May 7 deadline for returning funds was initially provided by

COVID-19 Update: Transmission Among Children, Schools Defend PPP Loans, Students Expect More

(From the New York Times) Two recent studies offer compelling evidence that children can transmit the COVID-19 virus, prompting health experts to warn that schools should be kept closed for now. In one study, a team anal

COVID-19 Update: Reopening Frameworks, The Right Not to Work, DOL Now Enforcing Paid-Leave Rules

(From CUPA-HR) When planning to re-open campus, it's essential that institutions develop guiding principles that fit the school's values and follow good guidance on the phases of re-entry, according to Jay Stephens, vice

COVID-19 Update: PPP Loan Plans, Modest Financial Aid Increases

(From NBOA) Polling data from a recent NBOA webinar, Your Questions Answered: PPP Fund Compliance, suggests that most schools that have received a PPP loan will use it even if they are subject to federal regulations such

COVID-19 Update: Tuition Litigation, Teacher Labor Market, Benefits Guidance, Endowment Spending

(from Venable) Universities are facing backlash from students who have transitioned to online courses as a result of the coronavirus pandemic and are facing federal class action lawsuits. Suing under theories of breach o

COVID-19 Update: Federal Loans and Reputational Damage

(from the New York Times) Across the country, dozens of elite private preparatory schools are facing a vexing decision: They qualified for federal funds for small businesses hit by the coronavirus pandemic, but administr

COVID-19 Update: NBOA & Venable FAQs Webinar, Part III: PPP Fund Compliance

(From NBOA) The third webinar in NBOA and Venable LLP’s series on COVID-19 focused on schools’ eligibility for the PPP program, good faith certification, compliance with nondiscrimination laws and loan forgiveness among

COVID-19 Update: Commonfund Webinar: Stewarding Endowments through the COVID-19 Crisis

(From NBOA) On April 23, Commonfund president Tim Yates presented with Steve Snyder, managing director, via webinar on independent school enrollment considerations in light of COVID-19. During the presentation, Yates and

COVID-19 Update: Title IX Compliance, Virtual Study Abroad, Executive Pay Cuts

(From The 74 Million) Schools that have accepted loans under the Paycheck Protection Program must now prepare for the added responsibilities of compliance with Title IX. Megan Farrell, Title IX and Civil Rights Officer,

COVID-19-Update: Reopening Plans, Students Sue for Tuition Reduction, Leading Change

(from the Washington Post and Brookings) While the path out of the pandemic remains murky, schools are beginning to develop plans to reopen. Montana will reopen schools in May and Colorado is allowing now small group in-

COVID-19 Update: Considerations for Re-Opening Your School Campus

(From NBOA) On April 22, over 1,000 independent school leaders joined NBOA's latest webinar to hear nationally renowned medical experts as they discussed some of the medical considerations and precautionary measures for

COVID-19 Update: PPP & CARES Compliance, Colleges Reject Loans, Insurance Impacts

(From Venable LLP) On April 23, the Treasury and SBA issued new guidance regarding the “necessity” certification required for all PPP loans. Specifically, the SBA stated that certain businesses which have access to other

COVID-19 Update: PPP's Second Round, Furloughed Employees' Benefits, Laptop & Tablet Shortages

(From Nonprofit Quarterly) On April 21, the U.S. Senate approved a $484-billlion bill designed to boost the CARES Act passed last month and add over $300 billion to the now fully spent-down Paycheck Protection Program (P

COVID-19 Update: OSHA Relaxes Compliance, PUA Explainer, Federal Aid Shaming

(From Conn Maciel Carey) On April 16, OSHA issued a temporary policy to relax enforcement of many existing regulatory obligations that require annual or recurring audits, reviews, training, assessments, inspections, or t

COVID 19 Update: More Money for SBA Loans?, Cost Cutting & Refunds, Reopening Plans

(from the Washington Post) The Trump administration and congressional leaders closed in Sunday on an approximately $470 billion deal to renew funding for a small-business loan program that ran out of money under crushing