What Happened in Vegas?
Does NOT Stay in VEGAS
FSA Conference December, 2013
Melinda’s TOP 11
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Verification Changes
FAFSA –Collection of Parental Information
Defense of Marriage Act (DOMA)
NSLDS Enrollment Reporting
Gainful Employment Disclosures & New Template
Consumer Disclosure Requirements
Top 10 Audit & Program Review Findings(> 10)
Met some Interesting Folks in the Coffee Line
Sushi was Scrumptious
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
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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)
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(provide results of identity and high school completion status on FAA
Access)
• V6 – Household Resources Verification (New)
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Record selected for other untaxed income
• IRS enhancements :Print Tax Transcripts on Demand
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http://www.irs.gov/Individuals/Get-Transcript
FAFSA – Parental Information and DOMA
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Parental Information
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Defense of Marriage Act
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Changes
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If the state in which they
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(Independent students, or
parents of a dependent
student) were married
Parents not married but living
together must include both
incomes on the FAFSA for a
dependent student.
recognizes same sex
marriages, then you would
include their income on the
FAFSA.
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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
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Enhancements to Support 150%
Direct Subsidized Loan Limit
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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
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New Income Driven Repayment Plan
Type Code
• Updates to Enrollment Reporting
New “Moved” Enrollment Status
• Enrollment Push to Roster
Enhancements to Exit Counseling
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Student Aid.gov and NSLDS interface
NSLDS Student Data will now display
within StudentAid.gov
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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.
This is what Pistol got out of it
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Vegas is o.k. but can we go for a ride in the car now?
Consumer Information
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Topics Covered
Net Price Calculator (Prominently Display)
• Textbook Information (Indicated that we need to list ISBN & Price)
(Listen to session 29)
•Frequently Missing Disclosures
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•Gainful
Employment
•Annual Notice to students
•Drug and Alcohol Abuse Prevention
•FERPA Notification
•Voter Registration
•Copyright Infringement
•Satisfactory Academic Progress (SAP) policies
Consumer Information
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Resources
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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
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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
• Resources
• 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!
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Hot Fudge Caramel Sundae
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2 scoops vanilla ice cream
Hot Fudge Sauce
Caramel Sauce
Chopped Pecans
Maraschino Cherries
Whipping Cream
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Enjoy!
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Top Audit & Program Review Findings
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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
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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
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IFAP
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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
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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
Yes, We had FUN in VEGAS, but there’s no place like home!