FA 101: Online Resources for Financial Aid Administrators

FA 101:Online Resources for Financial Aid AdministratorsPresented by: Matt Brown, Erick Danielson, and Tristan Lynn

Agenda

• Tools for Assisting Students• New/Perspective Student• Current Student• Graduates• Tools for Financial Aid Administrators• Daily Job Tasks• Regulations• Training

FAFSA4Caster

• Uses• Estimate your EFC• Federal funding estimate• Issue• Can’t play with the numbers•Website• FAFSA4Caster

FAFSA4Caster

College Board

• Uses• Estimates EFC• Can play around with numbers better• Issue• Not exact•Website• College Board EFC Calculator

College Board EFC Calculator

FAFSA Demo• Allows you to complete sample FAFSA• Available at the FSA Conference in November/December• Last couple of years, not available until last minute• 2014-2015• User Name: eddemo• Password: fafsatest

• Can’t do IRS data retrieval• Website• FAFSA Demo Site

FAFSA Demo

FAFSA• Students complete to get EFC• Can be completed Online or in paper form• Online is recommended for quickest results

• Questions while completing• Instructions are on the side of page when completing• Read Instructions (Paper Form)

• Worksheets – Don’t have all pertinent information• Website• FAFSA

FAFSA

Studentloans.gov• Financial Awareness Counseling• Exit Counseling• Entrance Counseling• Master Promissory Note• Plus• Direct

• Website• StudentLoans.gov

Studentloans.gov

Financial Literacy• Financial Awareness Counseling• Iowa Student Loan• Student Loan Game Plan• Return on College Investment (ROCI)

• Great Lakes Financial IQ• Iowa College Access Network (ICAN) Financial Literacy College

Series

Financial Awareness Counseling

Iowa Student Loan

Great Lakes Financial IQ

ICAN Financial Literacy College Series

Loan Forgiveness• Loan Repayment Programs• Attorney • Federal Employee & Public Service Employee• Health Care• Teacher

• Website• Iowa College Student Aid Commission

Loan Forgiveness

Repayment Plans• Types• Standard • Graduated• Extended • Income-Based (IBR)• Pay As You Earn• Income-Contingent• Income Sensitive

• Website• Federal Student Aid

Repayment Plans

NSLDS for Students• National Student Loan Data Systems• Information for Students• Amount of debt

• Interest and Principal• Servicers

• Contact Information

• Website• NSLDS

NSLDS for Students

NSLDS for Financial Aid Professionals• National Student Loan Data Systems• Information for Financial Aid Professionals• Student Information

• Loans and Grant Amount• Aggregate Information

• Reports• Delinquent Borrower Report• Transfer Monitoring List

• Cohort Default Rate• Website• NSLDS

• Two Factor Authentication to Access

NSLDS for Financial Aid Professionals

Common Origination & Disbursement (COD)• Access to a student information• Loan Information• Counseling• Master Promissory Notes• Pell Amounts• Plus Applications

• More up to date than NSLDS• Website• COD

• Two Factor Authentication to Access

Common Origination & Disbursement (COD)

Information for Financial Aid Professionals (IFAP)• Federal Student Aid Handbook (FSA)• Application and Verification Guide

• Dear Colleague Letters• Federal Registers• Electronic Announcements• My IFAP• Weekly Digest• Specific Financial Aid Areas

• Website• IFAP

• No Login Necessary!

Information for Financial Aid Professionals (IFAP)

National Association of Student Financial Aid Administrators (NASFAA)• NASFAA News• Federal Updates• Research Papers• Compliance• Policies and Procedures Guide• Website• NASFAA

National Association of Student Financial Aid Administrators (NASFAA)

ListServs• Automatic Mailing Lists• FINAID-L• FSATECH• IASFAA

• Membership Profile• MASFAA

• Membership Profile• Software Provider• Admissions• Registrar

• Daily Synopsis

Additional Resources• IASFAA• State, Federal, Publication, Association, and Other Resources

• College Board• Federal Student Aid• FSA Coach

• Inside Higher ED• Iowa Jump$tart• Iowa College Student Aid Commission• College Aid Insider

• FinAid• Many more resources available!

Colleagues• Conferences• IASFAA• MASFAA• NASFAA• FSA

• Other Events• Drive-In Workshop• Support Staff Workshop

• Networking

Questions?