Finance

The following changes were implemented for the 2023-24 data collection period: 

Rephrased "remedial education" terminology in survey materials to "developmental education," including Glossary terms
Rephrased "room and board" terminology in survey materials to "food and housing," including Glossary terms
Removed reference to "teaching faculty" from the instructions for the Instruction expense category
Revised instructions for the Academic support expense category for consistency with the definition of the Academic support expense
Added a note to the instructions that the Spending distribution for current use amount is treated as negative v

Using GASB Reporting Standards:

• Screening question on pension and Post-employment Benefits Other than Pension (OPEB) has been split into two questions in General Information.
• Part E has been relabeled to become Part E-1 and new screen Part E-2 on Sources of Discounts and Allowances has been added.
• New data elements have been added to Part H to collect more detail on the change in endowments and all instances of “endowment assets” have been revised to “endowment net assets.” (degree-granting public institutions only)
• New data elements for Postemployment Benefits Other than Pension (OPEB) have been added to Part M-2.
• New screen and data elements have been added to collect numerator and denominator for financial health ratios calculations in Part N. (degree-granting public institutions only)

Using FASB Reporting Standards:

• New screening question on athletics revenues has been added to General Information. (degree-granting private, not-for-profit institutions only)
• Part C has been relabeled to become Part C1 and new screen Part C2 on Sources of Discounts and Allowances has been added.
• New data elements have been added to Part H to collect more detail on the change in endowments and all instances of “endowment assets” have been revised to “endowment net assets.” (degree-granting private, not-for-profit institutions only)
• New screen and data elements have been added to collect numerator and denominator for financial health ratios calculations in Part I. (degree-granting private, not-for-profit institutions only)

• Part C has been relabeled to become Part C1 and new screen Part C2 on Sources of Discounts and Allowances has been added.
• New screen and data elements have been added to collect numerator and denominator for financial health ratios calculations in Part G. (degree-granting private, for-profit institutions)

Report data to accurately reflect the time period corresponding with the IPEDS survey component, even if such reporting is seemingly inconsistent with prior-year reporting. For example, if a summer term began later than usual due to Coronavirus Pandemic postponements, continue to report using the timeframes as defined in the IPEDS instructions. NCES expects that some data reported during the 2020-21 data collection year will vary from established prior trends due to the impacts of Coronavirus Pandemic. If an error edit is triggered even when submitting accurate data, please indicate in the corresponding context box or verbally to the Help Desk that the seemingly inconsistent data are accurate and reflect the effects of Coronavirus Pandemic.