Top Banner
What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013
20

What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

Dec 27, 2015

Download

Documents

Dylan Bruce
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

What Happened in Vegas?Does NOT Stay in VEGAS

FSA Conference December, 2013

Page 2: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 3: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

Melinda’s #1 Jimmy Buffet’s Margaritaville Volcano Plunge!

The hardest part was drinking my way out!

Page 4: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 5: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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.

Page 6: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 7: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 8: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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.

Page 9: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

This is what Pistol got out of it

• Vegas is o.k. but can we go for a ride in the car now?

Page 10: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 11: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 12: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 13: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 14: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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!

Page 15: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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!

Page 16: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 17: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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)

Page 18: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 19: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

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

Page 20: What Happened in Vegas? Does NOT Stay in VEGAS FSA Conference December, 2013.

Yes, We had FUN in VEGAS, but there’s no place like home!