Financial Responsibilities

Adopting fiscal policies that require prudent use of funds, boards set policy standards that ensure high expectations and fair treatment of students. Federal-aid programs have a significant impact of student outcomes, staff responsibilities, institutional revenue and enrollment levels. Trustees are responsible for many board governance decisions that relate to federal financial aid, and a primary role of trustees is to advocate for critical financial aid at the federal level. ACCT resources below help clarify some of board’s fiduciary responsibilities.

ACCT Reports:

Protecting Colleges and Students: Community College Strategies to Prevent Default

Protecting Colleges and Students: Community College Strategies to Prevent Default, released by the Association of Community College Trustees (ACCT) and The Institute for College Access & Success (TICAS) in 2014, takes a unique look at student loan default at nine community colleges across the nation and how those colleges are working to help students avoid default. Download the 56-page report



Financial Aid 101: A Guide to Understanding Federal Financial Aid Programs for Community College Trustees and Leaders

Financial Aid 101

Federal financial aid serves as a crucial tool to support both access and success for students in higher education.  This is especially true at community colleges.  Whether they are seeking job training, a certificate, or an associate degree, our students rely on consistent and meaningful sources of support to advance their educational aspirations.  This report is designed to help community college trustees and leaders understand the broad structure and design of the largest federal financial aid programs, including grants, loans, and tax credits.Download the 20-page report



For this topic we recommend the following webinars:

What Trustees Need to Know about Financial Oversight

Financial Aid 101

1101 17th St NW, Ste 300, Washington, DC 20036 | Tel: 202-775-4667

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