tracs-financial aid for beginners wide...trunk sniff out potential problems in your communication...
TRANSCRIPT
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Title IV Financial Aid for Beginners
Mrs. Katie Norris & Mr. Brian Snipes
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Who is Financial Aid for?
• Aid is for students
• Can provide access to educational opportunities that they might not otherwise be able to receive
• You don’t have to offer loans if you don’t want to• However, unless your costs are very low, or unless you offer tuition discounts, you may be pushing students (& parents) to private loans –which don’t have the benefits of the Federal loan program
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Meet Godfrey
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Trunk
Sniff out potential problems in your communication
Volume 2, Chapter 2 FSA Handbook (Administrative Capability)
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Tusk
• Defensive Weapons• Know the Top 10 Audit Findings
• Repeat Finding• NSLDS Roster Reporting• R2T4 Calculation Errors• R2T4 Made Late• Verification Violations• Pell – overpayment/underpayment• Student Credit Balance Deficiencies
• Entrance/Exit Counseling Deficiencies
• Qualified Auditor’s opinion Cited in Audit
• G5 expenditures untimely/incorrectly reported
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Tusk
• Defensive Weapons• Know Program Eligibility (Volume 2, Chapter 2)
• Know Academic Year (Volume 3, Chapter 1)
• Know how a student’s prior enrollment can affect aid
• Offensive Weapons• Internal file checklists
• Awarding Procedures
• Responsibility Chart –Consumer Information
• Plan to combat the Top 10 Audit findings
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Ears
• Regulate temperature• Checks & Balances in financial aid office (Volume 2, Chapter 3)
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Feet
• Dig Up Roots• Ask questions and don’t accept “because that’s the way that we’ve always done it” as an answer
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Social Hierarchy
• Leader of the Pack• Coordinating Official
• Socialize with other “Herds”
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Resources
• IFAP Website: https://ifap.ed.gov• FSA Coach (On IFAP site): https://ifap.ed.gov/ifap/fsacoach.jsp• FSA Handbook (On IFAP site)• FSA Training
• Fundamentals of Financial Aid: http://www2.ed.gov/offices/OSFAP/training/newfaps.html
• FSA Annual Conference: http://fsaconferences.ed.gov/
• IFAP Email Updates: Sign up on their Site• NASFAA: https://www.nasfaa.org/• Social Media: FSA on Facebook (https://www.facebook.com/FederalStudentAid/) & Twitter (https://twitter.com/fafsa)
• Weber & Associates: http://www.weberassociatesinc.com/
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Weber & Associates – Third Party Servicers
Katie Norris:
Brian Snipes: