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Melinda’s TOP 11
11. Verification Changes
10. FAFSA –Collection of Parental Information
9. Defense of Marriage Act (DOMA)
8. NSLDS Enrollment Reporting
7. Gainful Employment Disclosures & New Template
6. Consumer Disclosure Requirements
5. Top 10 Audit & Program Review Findings(> 10)
4. Met some Interesting Folks in the Coffee Line
3. Sushi was Scrumptious
2. Mile Walk to the Sessions was Great Exercise
Melinda’s #1 Jimmy Buffet’s Margaritaville Volcano Plunge!
The hardest part was drinking my way out!
Verification Updates• Verification Groups• V1 – Standard Verification (no change)• V2- Eliminated SNAP (Hooray)• V3 – Child Support Paid Verification (no change)• V4 – Custom Verification (Changes)• (provide results of identity and high school completion status on FAA
Access )
• V5- Aggregate Verification (Changes)
• (provide results of identity and high school completion status on FAA Access)
• V6 – Household Resources Verification (New)
• Record selected for other untaxed income
• IRS enhancements :Print Tax Transcripts on Demand• http://www.irs.gov/Individuals/Get-Transcript
FAFSA – Parental Information and DOMA
• Parental Information
• Changes
• Parents not married but living together must include both incomes on the FAFSA for a dependent student.
• Defense of Marriage Act
• If the state in which they (Independent students, or parents of a dependent student) were married recognizes same sex marriages, then you would include their income on the FAFSA.
• Oklahoma Does not recognize same sex marriages.
FA ACRNMS
• Did you know there are close to 100 Acronyms in Financial Aid?
COD- Cause of Death
CIP – Certifiably Insane Policy
SCA – Seriously Crazy Administrator
EFC- Expect Frequent Convulsions
FADL- Frequently Addled
GAPS- The space between your front teeth
DNW- Do Not Whine
FAO – Fabulous Aid Officer
FSA- First Seek Advice
SAP- Sad and Pathetic
NSLDS Enrollment Reporting
• Enrollment Reporting is crucial for the administration of Loan Programs (Make sure to report accurate information)
• Enrollment Reporting Process• School sends enrollment school code on grant and loan
disbursement records to COD.
• COD sends the grant data to NSLDS and loan data to the Servicers. Servicers send loan data to NSLDS
• NSLDS uses the Enrollment School Code from COD and Servicers to place aid recipients on Enrollment Rosters
• NSLDS sends the Enrollment Roster to the School
• School Responds with Certified Enrollment
NSLDS Enrollment Reporting• Enhancements to Support 150% Direct
Subsidized Loan Limit• New SULA Flag – Subsidized Loan
Eligibility used• New Consolidation Loan Type “D9”• Updates to Prescreening & Post
screening Processes• Delay of Updated Transfer Student
Monitoring (TSM) and Financial Aid History (FAH) Process and Batch File
• New Income Driven Repayment Plan Type Code
• Updates to Enrollment Reporting• New “Moved” Enrollment Status• Enrollment Push to Roster • Enhancements to Exit Counseling
• Student Aid.gov and NSLDS interface
• NSLDS Student Data will now display within StudentAid.gov
• Listen to Session Recordings on IFAP • Session’s 12 and 15
• After listening to the session’s and you still don’t understand what to do…. Don’t call me, I’ll call you.
Consumer Information
• Topics Covered• Net Price Calculator (Prominently Display) • Textbook Information (Indicated that we need to list ISBN & Price)
(Listen to session 29)• Frequently Missing Disclosures
•Gainful Employment•Annual Notice to students•Drug and Alcohol Abuse Prevention •FERPA Notification •Voter Registration•Copyright Infringement•Satisfactory Academic Progress (SAP) policies
Consumer Information• Resources
• FSA Assessments on consumer information• NPEC Report and Supplement (nces.ed.gov)• FSA Handbook – Volume 2, Chapters 6-8• Regulations – 34 CFR 668, subpart D• HEOA changes GEN-08-12 (Over 200 pgs. View 95-102)• FAQ Section of Gainful Employment• Model FERPA notification
http://www2.ed.gov/policy/gen/guid/fpco/ferpa/ps-officials.html• Copyright infringements
• Gen-10-08 published 6/4/10• Final Regs published 10/29/2009• SAP• Final program integrity regulations published 10/29/11
Gainful Employment • Compliance TIPS
• Who should I include in my calculations?
• Students who completed the program in the most recently completed award year
• Regular Students – Post-Secondary Adults• Our high school students are not considered
“Regular Students” • If no SSN, do not include that student in
disclosure calculations
Gainful Employment• Compliance Tips• Regardless of the number of students who were enrolled in or
completed the program (i.e., even if <10), disclose:
• The occupations (by names and SOC codes) that the program prepares completers to enter
• Normal time to complete the program• Tuition/fees charged to complete the program in
normal time• Placement rates, (Comes from OBCTE)
• New Rates should be available• Choose the report for Adult Students not ALL
Gainful Employment• Compliance TIPS• If fewer than 10 students completed a GE program during the
award year, do not disclose:
• Median debt amounts• On-time completion rate• ResourcesResources
• Electronic Announcement #25 - Disclosures by Educational Program
• GE Information Page on IFAP - http://ifap.ed.gov/GainfulEmploymentInfo
• Yes, you should read all 500 pages!
Fantastic Food in Vegas!
• Hot Fudge Caramel Sundae
• 2 scoops vanilla ice cream• Hot Fudge Sauce• Caramel Sauce• Chopped Pecans• Maraschino Cherries• Whipping Cream
• Enjoy!
Top Audit & Program Review Findings
• Repeat Finding – Failure to Take Corrective Action• Return of Title IV (R2T4) Funds Made Late• R2T4 Calculation Errors• Student Status (SSCR)– Inaccurate/Untimely Reporting• Verification Violations• Qualified (Adverse) Auditor’s Opinion Cited in Audit(Serious)• Pell Overpayment/Underpayment• Entrance/Exit Counseling Deficiencies• Student Credit Balance Deficiencies
Top Audit & Program Review Findings
• Crime Awareness Requirements Not Met• Satisfactory Academic Progress Policy(SAP) Not Adequately
Developed/Monitored• Lack of Administrative Capability (Large Finding)• Inaccurate Recordkeeping (Account Records , Inadequate/ Not
Reconciled)• Information in Student Files Missing/Inconsistent• Consumer Information (They can do a program review over)
Resources• IFAP
• What’s New• Tools for Schools• Publications• Hot Topics• Handbooks• Letters & Announcements• Regulations• Default Prevention• Training and Conferences
• FSA Assessments• FSA Coach• 2013 Blue Book• New Federal Student Aid E-Training website- http://fsatraining.info
Items Worth Mentioning
• Title IV Reconciliation• FSA Assessments• Cash Management Requirements• FAFSA Skip Logic• COD Update• Return to Title IV• The Clery Act and Drug-Free Schools • Reporting Changes that Impact Institutional Eligibility