Policies

Division     

Administration and Finance

Department

Accounting

Tuition Remission

Policy

Worcester State University complies with the Commonwealth of Mass’ Tuition Remission Policies in accordance with the rules and regulations of the State Board of Higher Education.

Procedure

Section 15C of Chapter 15A of the Massachusetts General Law requires Commonwealth colleges and universities report activity of campus based funds to the Comptroller of the Commonwealth’s Statewide Accounting System, Massachusetts Management Accounting and Reporting System (MMARS) using the statutory basis of accounting. The statutory basis of accounting is a modified accrual basis of accounting and differs from the information included in these financial statements. The amounts reported on MMARS meet the guidelines of the Comptroller’s Guide for Higher Education Audited Financial Statements.

Approved by

Vice President/Date

Approved by

Cabinet/Date

Revised Date