Administration, Compliance and Financial aid

Empowering Financial Aid Administrators – A Comprehensive Guide to Training and Compliance Resources

HEAG

SEPTEMBER 14, 2023

Resources Word In Wooden Cube Financial aid administrators are the unsung heroes of the academic world, playing a crucial role in helping students navigate the complex realm of financial aid and achieve their academic goals. To fulfill their responsibilities effectively, … Read more ».

Financial aid administration

Financial aid administration Financial aid Administration Administration

Navigating Conflicting Information in Title IV Administration

College Aid Services

AUGUST 8, 2024

As Title IV administrators, we’re all too familiar with the term “conflicting information.” ” It’s a staple in our daily operations in higher education, and its regulatory definition can be found in 34 CFR 668.16(f), f), 34 CFR 668.16(b)(3), b)(3), and 34 CFR 668.54(a)(2).

Title IV

Title IV Administration Administration Financial aid administration

Higher Education Compliance with Updates to the GLBA Safeguards Rule

Student Privacy Compass

JULY 6, 2023

To see how the new requirements fit into an institution’s compliance with GLBA, see FPF’s new Postsecondary Institution Data Governance Considerations reference guide and Data Governance Checklist. How do Institutions ensure compliance? Document safeguards for each risk identified in the risk assessment.

Compliance

Compliance Higher education Education Financial aid

3 Summer Tasks to Prepare for Financial Aid Season

School & Student Services by Community Brands

AUGUST 11, 2022

Summer is here, which means financial aid season is just around the corner, and many of you will be opening digital piles of applications in September. Taking a proactive approach to completing your K-12 financial aid prep tasks can help ease some of the burdens. How did your forecasting compare to actual results?

Financial aid

Financial aid Application Database Compliance

Protecting Student & Family Financial Data in K-12 Private Schools

School & Student Services by Community Brands

OCTOBER 15, 2024

As schools handle sensitive information, such as family financial records and student data, it’s essential to prioritize cyber awareness and implement strong security measures. This is particularly crucial when it comes to financial aid solutions, which often involve collecting and storing highly sensitive information.

Financial aid

Financial aid Compliance Students Financial aid officer

FSA to Roll Out 2024-25 and 2025-26 FAFSA Batch Corrections by Early 2025 (Nov. 8 Update)

College Aid Services

NOVEMBER 12, 2024

Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on Financial Aid Administrators and may cause further delays in granting aid to students.

FAFSA

FAFSA Financial aid administration Financial aid Scheduling

Petitioning for the Right to Work

Diverse: Issues in Higher Education

SEPTEMBER 13, 2024

I’m putting my time and energy into my education and volunteer efforts and living on campus on my scholarship and financial aid,” she says. Jennifer Nájera Another step forward came in 2013 with the passing of the California Dream Act, which made undocumented students eligible to apply for state financial aid.

Financial aid

Financial aid Scholarship Teaching Compliance

DHS Announces New SAVE Requirement for Third-Step Verification Requests

College Aid Services

MAY 29, 2024

The Department of Homeland Security has announced that financial aid administrators will need to review a new tutorial for the Systematic Alien Verification for Entitlements system (SAVE) in order to submit a request for third-step verification. What should you know about this requirement?

Financial aid administration

Financial aid administration Financial aid Administration Administration

Updated Learning Tracks, Basic Training Modules Offer New Courses for 2024-25

College Aid Services

AUGUST 6, 2024

Financial Aid administrators can access the 2024-25 training materials for this year’s Learning Tracks, which are designed as brief courses that focus on one particular subject at a time and are available through the FSA Training Center.

Financial aid administration

Financial aid administration Financial aid Administration Administration

Implementation of the Gainful Employment Funding Metric Requirements for Institutions Under Administrative Capability and Financial Responsibility

College Aid Services

JUNE 21, 2024

This Electronic Announcement provides information on the implementation of new requirements related to Gainful Employment programs under the Administrative Capability regulations in 34 C.F.R. t) and the Financial Responsibility regulations in § 668.171(c), which go into effect July 1, 2024.

Administration

Administration Administration Financial aid Higher education

The 2024-25 FAFSA Roadmap

College Planners of America

MAY 13, 2023

This fact, which is expected to cause difficulties throughout the financial aid and college admissions process, is glossed over by the positive spin that the ED has adopted for the Better FAFSA Better Future Roadmap (Roadmap) that is the primary instrument for the rollout.

FAFSA

FAFSA Financial aid administration Financial aid Financial aid officer

2024–25 FAFSA Specifications Guide (July 2024 Update)

College Aid Services

JULY 25, 2024

Volume 3 – Electronic Data Exchange and FAFSA Processing revisions explain that a financial aid administrator (FAA) cannot add or correct personally identifiable… More » 2024–25 FAFSA Specifications Guide (July 2024 Update) The post 2024–25 FAFSA Specifications Guide (July 2024 Update) first appeared on College Aid Services.

FAFSA

FAFSA Financial aid administration Financial aid Administration

Additional Guidance on NSLDS Post-Screening & Identity Verification for 2024-25

College Aid Services

JULY 10, 2024

Federal Student Aid has provided several tools that institutions can utilize until the National Student Loan Data System (NSLDS) post-screening and identity verification processes are available later this year for 2024-25.

NSLDS

NSLDS Financial aid Student loans Grant

What does a data management platform actually do?

EAB

JUNE 30, 2023

Improve compliance reporting IPEDS reporting (among other compliance reports) is a necessity for any institution receiving state or federal funding, but compiling and submitting IPEDS data is tedious and time-consuming. Edify uses plain-language terminology for its data fields to ensure everyone understands the data they access.

Compliance

Compliance Database Retention Equity

FSA Reminds Schools to Disclose Related Party Transactions in Audited Financial Statements

College Aid Services

NOVEMBER 1, 2024

The electronic announcement below describes the federal requirements for Title IV institutions to disclose all related party transactions in their audited financial statements in accordance with guidance set by the AICPA.

Title IV

Title IV Administration Administration Financial aid

Department of Education Releases Updated 23-24 ISIR Guide

College Aid Services

DECEMBER 20, 2023

The 2023-2024 ISIR Guide is now available to administrators according to a FSA electronic announcement posted on December 19th. 19, 2023) Note… More » Department of Education Releases Updated 23-24 ISIR Guide The post Department of Education Releases Updated 23-24 ISIR Guide first appeared on College Aid Services.

Education

Education Administration Administration Financial aid

Processing Begins for Final 2022-23 and Second 2023-24 Pell Grant ACA Payments

College Aid Services

AUGUST 22, 2024

FSA announced that it began processing the third and final Pell Grant Administrative Cost Allowance (ACA) for 2022-23, which awards eligible institutions with $5.00 payments per recipient to cover costs associated with administering federal aid programs.

Grant

Grant Administration Administration Financial aid

Why customer service matters for community colleges

EAB

JULY 21, 2023

Explore more results Frictionless Services Frictionless service refers to creating user-friendly and digital-first processes that minimize the burden of administrative tasks and refocus student attention on the educational experience. Essentially, by spending less time on clerical tasks, students can spend more time on their studies.

Community college

Community college Communication Financial aid officer Success

FSA Releases Guidelines for Direct Assessment Programs

College Aid Services

FEBRUARY 28, 2024

In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.

Title IV

Title IV Application Administration Administration

Upcoming Webinars Offer Title IV Recertification Training to Eligible Institutions

College Aid Services

APRIL 4, 2024

Federal Student Aid is hosting a pair of webinars later this year to train administrators on the recertification process for Title IV programs, which must be submitted 90 days before the expiration of their school’s Program Participate Agreement (PPA).

Title IV

Title IV Application Administration Administration

Guidelines for Applying for Title IV Eligibility for Direct Assessment (Competency-Based) Programs

College Aid Services

FEBRUARY 15, 2024

In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.

Title IV

Title IV Application Administration Administration

Report: How Universities Are Preparing for The End of The Pandemic Loan Pause

Diverse: Issues in Higher Education

JUNE 27, 2023

The National Association of Student Financial Aid Administrators (NASFAA) has issued its final report and a toolkit for financial aid professionals across the nation in anticipation of the resumption of federal student loan repayments. Because we have responsibility over our cohort default rates as well.

Student loans

Student loans Financial aid University Financial aid administration

FAFSA Delay Will Cause Problems

College Planners of America

APRIL 28, 2023

This will adversely affect the college plans of students planning to apply in the 2023-24 admissions cycle as well as students who need to re-apply for Federal aid each year. The National College Attainment Network ( NCAN ) contacted senior Biden administration officials seeking reassurance, but got no satisfactory response.

FAFSA

FAFSA Financial aid Financial aid administration Financial aid officer

Department of Education Announces Steps to Make Better FAFSA® More Readily Accessible

Diverse: Issues in Higher Education

FEBRUARY 13, 2024

Earlier this week, the Biden-Harris administration announced new steps that will make it easier for colleges and universities to process records and allow for more time being spent to help students. Our concierge service is up and running, and we’re getting ready to deploy financial aid experts to support colleges.”

FAFSA

FAFSA Access Accessibility Financial aid

Report: How New Overtime Regulations Will Impact Higher Education

College Aid Services

JULY 9, 2024

The Biden Administration announced in April 2024 that it would raise the minimum salary threshold for white-collar employees under the Fair Labor Standards Act (FLSA) to maintain exempt status from overtime pay.

Higher education

Higher education Education Administration Administration

Education Department Clarifies When It Can Require Institution Leaders to Assume Personal Liability for Unpaid Debts

Diverse: Issues in Higher Education

MARCH 1, 2023

Miguel Cardona The guidance clarifies when ED can require individuals to assume personal liability to allow their schools to participate in federal financial aid programs. ED expects it is most likely to impose such requirements on institutions with the most financial risk.

Compliance

Compliance Education Financial aid Higher education

‘Gainful Employment’ Rule Examines Abuses by For-Profits

Diverse: Issues in Higher Education

SEPTEMBER 6, 2023

This gave for-profit institutions a financial incentive to pursue and enroll military-connected students (veterans and active-duty personnel). Last year, the Biden administration put in place a rule that does not allow for-profit schools to attribute veteran and active-duty benefits toward the 10% requirement.

Administration

Administration Administration Compliance Access

Secret Shopper Policy Draws Praise, Concern

Diverse: Issues in Higher Education

MARCH 20, 2023

The Department of Education’s announcement last week of a secret shopper program to investigate the recruitment, enrollment, and financial aid practices of schools has garnered mixed reactions. While advocates of access hailed the policy, the for-profit sector and financial aid offices raised worries.

Financial aid

Financial aid Financial aid administration Financial aid officer Compliance

Student Success Central

Empowering Financial Aid Administrators – A Comprehensive Guide to Training and Compliance Resources

Navigating Conflicting Information in Title IV Administration

Trending Sources

Higher Education Compliance with Updates to the GLBA Safeguards Rule

3 Summer Tasks to Prepare for Financial Aid Season

Protecting Student & Family Financial Data in K-12 Private Schools

FSA to Roll Out 2024-25 and 2025-26 FAFSA Batch Corrections by Early 2025 (Nov. 8 Update)

Petitioning for the Right to Work

DHS Announces New SAVE Requirement for Third-Step Verification Requests

Updated Learning Tracks, Basic Training Modules Offer New Courses for 2024-25

Implementation of the Gainful Employment Funding Metric Requirements for Institutions Under Administrative Capability and Financial Responsibility

The 2024-25 FAFSA Roadmap

2024–25 FAFSA Specifications Guide (July 2024 Update)

Additional Guidance on NSLDS Post-Screening & Identity Verification for 2024-25

What does a data management platform actually do?

FSA Reminds Schools to Disclose Related Party Transactions in Audited Financial Statements

Department of Education Releases Updated 23-24 ISIR Guide

Processing Begins for Final 2022-23 and Second 2023-24 Pell Grant ACA Payments

Why customer service matters for community colleges

FSA Releases Guidelines for Direct Assessment Programs

Upcoming Webinars Offer Title IV Recertification Training to Eligible Institutions

Guidelines for Applying for Title IV Eligibility for Direct Assessment (Competency-Based) Programs

Report: How Universities Are Preparing for The End of The Pandemic Loan Pause

FAFSA Delay Will Cause Problems

Department of Education Announces Steps to Make Better FAFSA® More Readily Accessible

Report: How New Overtime Regulations Will Impact Higher Education

Education Department Clarifies When It Can Require Institution Leaders to Assume Personal Liability for Unpaid Debts

‘Gainful Employment’ Rule Examines Abuses by For-Profits

Secret Shopper Policy Draws Praise, Concern

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