Where Do I Find It and What Do I Do With It? Allene Begley Curto Springfield College School of Human Services What Are the Tools? • Your bookshelf (hard copy and/or • • • • • electronic) Web sites News Updates Listserves FA Associations and Conferences Webinars Bookshelf • FSA Handbook • Application and Verification Guide • • • • (AVG) SAR/ISIR Guide Policy and Procedures Manual IRS Publication 17 EdPubs Web Sites • • • • • • • IFAP http://ifap.ed.gov NSLDS http://www.nslds.ed.gov DL (borrowers) https://studentloans.gov IRS http://www.irs.gov/ NASFAA http://www.nasfaa.org Regional Associations, ex: www.easfaa.org State Associations, ex: http://www.vasfaavt.org/ More Web sites…. • Selective Service http://www.sss.gov/ • Americorps http://www.americorps.gov/ • VA – GI Bill http://www.gibill.va.gov • AACRAO http://www.aacrao.org/ • FinAid http://www.finaid.org/ ...and look for even MORE Web Sites! • Servicer sites • Lender sites • Guarantor sites • ELM • Lumina Foundation • CAEL (Council for Adults and Experiential Learning) NEWS UPDATES • Inside Higher ED http://www.insidehighered.com/home • Chronicle of Higher Education http://chronicle.com • IFAP weekly digest and Electronic Announcements • NASFAA NEWS LISTSERVES • • • • • • IFAP notices NASFAA Regional Association State Association FAMS Finaid-L mailto:LISTSERV@LISTS.PSU.EDU WEBINARS • Attend? • Access later? • Get someone else to attend and pick their brain? IFAP • IFAP http://ifap.ed.gov • FSA Handbook • Announcements • Worksheets and Tools • Trainings • Links • EdPubs THE BASICS OF NSLDS • • • • • • • What do we see on NSLDS? How is data sent and received? Loans Grants Enrollment Transfer Monitoring NSLDS Exit Counseling THE BASICS OF NSLDS • Loans Aggregate limits Annual Limits Loan Periods Pending Disbursements • Grants Pell ACG/Smart Iraq/Afghanistan Service Grant? THE BASICS OF NSLDS • Enrollment Reporting Enrolled at other school • Transfer Monitoring Adding records Reviewing Records • NSLDS Exit Counseling Data Sources • • • • • • Schools US Department of Education Guarantee Agencies Lenders Loan Servicers Student Loan Clearinghouse NSLDS Logon Organization Contact Information It is important to keep your contacts up to date on the NSLDS Organization Contact List Page NSLDS uses Contacts from this page for important notifications NSLDS Transfer Monitoring NSLDS Transfer Monitoring Process Q: Who do you add? A: Everyone who is not a freshman who never attended before! Who Reviews? Updated Wednesday night so check Thursday am! Help! There’s an Alert! • Monitor the Pell and loan • • • amounts Reduce the Pell or loan at your school if necessary Other school should be contacted if student disputes amount of Pell or loan received at other school Check COD – may be more current than NSLDS! NSLDS Exit Counseling • • • • • • • NSLDS Newsletter # 26 Official/Current Record of ALL Federal loans Introduces student to the NSLDS site Repayment Calculators Links to loan Holders (where available) School can get Reports Automatic Compliance Updates NSLDS Postscreenings • • • • • Aggregate Limits Overpayments Defaults Discharges Bankruptcies NSLDS Postscreenings • Review all CPS generated ISIRs • Review NSLDS record on postcreenings with a “negative” message • Resolve the issue(s)! Default(s) added/cleared Satisfactory repayment added/removed Exceeded subsidized or combined aggregate/No longer exceeding Keys to Success! • Review NSLDS data on ISIR, • • • • • NSLDS postscreenings and NSLDS transfer monitoring Review electronic announcements and new postings on IFAP at least weekly Make the FSA Handbook your friend Use your FAMS Monitor, monitor, monitor Document, document, document RESOURCES • Network with peers • Document what you’re told! Auditors don’t accept “but Suzie said…!” • Check out the web sites to which you send students! • Check out your own web site! What are you telling them? What are others telling them? Questions? Allene Begley Curto Associate Director of Financial Aid Springfield College School of Human Services acurto@spfldcol.edu