1. Session FF-02 The Big Picture Michael Roberts Angela Smith U.S. Department of Education

2. 2 Eligible Institution Types of Institutional Control

3. 3 Eligible Institution Eligibility Requirements Authorized by the state Accredited by accrediting agency recognized by the Department of Education (ED) Offers at least one eligible program of study

4. 4 Eligible Programs Institution of Higher Education Associate, bachelor’s, graduate or professional degree, or At least a 2-year program acceptable for full credit toward a bachelor’s degree, or At least a 1-year training program that leads to a degree or certificate (or other educational credential) and prepares students for gainful employment in a recognized occupation

5. 5 Eligible Programs Proprietary Institution of Higher Education and Postsecondary Vocational Institution Programs must provide training that prepares student for gainful employment in a recognized occupation and contain a minimum of: 1. 15 weeks instruction; 600 clock hours, 16 semester/trimester hours, or 24 quarter hours

6. 6 Eligible Programs Proprietary Institution of Higher Education and Postsecondary Vocational Institution 2.10 weeks of instruction; 300 clock hours, 8 semester/trimester hours, or 12 quarter hours  Must be a graduate/professional program or admit only students with equivalent of an associate degree

7. 7 Eligible Programs Proprietary Institution of Higher Education and Postsecondary Vocational Institution 3.10 weeks instruction; 300-599 clock hours (eligible for only (eligible for FFEL and Direct Loans  Must have been in existence for at least one year  Must have at least a 70% completion rate and 70% placement rate in related job fields

8. 8 General Participation Requirements Voter registration HEA 487(a)(23) and 668.14(d) Constitution Day FR May 24, 2005 and May 31, 2005 Availability of GED program 668.14(b)(13) Drug-Free Workplace and drug abuse prevention program 668.14(c)

9. 9 General Participation Requirements Civil Rights and Privacy requirements 99.31(a)(13) and (14) Notify ED of contracts with servicers 668.25(e) Incentive compensation 668.14(b)(22)

10. 10 General Participation Requirements Consumer Information  Annual individual notice to students containing list of consumer information and how to obtain it (includes Campus Security, Equity in Athletic Disclosure, Family Educational Rights and Privacy, Student Right to Know and general information about school)

11. 11 Financial Responsibility ED reviews financial statements and systems and determines school’s ability to  Properly administer the FSA programs  Meet all of its financial obligations  Provide the services described in official publications

12. 12 Administrative Capability Outlines school’s ability to administer the Title IV Programs in accordance with the law and regulations Reviewed by ED through program reviews and annual compliance audits

13. 13 Electronic Application for Approval to Participate www.eligcert.ed.govwww.eligcert.ed.gov or E-App Used to apply for designation as an eligible institution, initial participation, recertification, reinstatement, change in ownership, or to update a current approval. Updates include changes such as, but not limited to, name or address change, new location or program, increased level of offering, change of officials, or mailing address for publications.

14. 14 Schools’ Contract With ED Program Participation Agreement (PPA)  School agrees to comply with law, regulations and policies governing Title IV aid programs Eligibility & Certification Approval Report (ECAR) details school’s programs of study approved for Title IV funding

15. 15 Policy Development Develop policies for processing student files  Need to review on an annual basis  Update as necessary Keep policies in a Policy and Procedure manual  Organized for easy access  Available to all staff members for easy consultation Policies and Procedures SFA

16. 16 What Policies & Procedures? Refund policies Title IV academic year definition Cost(s) of attendance Packaging policy Satisfactory academic progress Verification Loan confirmation and counseling Record retention

17. 17 How Do Schools Receive Title IV Funding? Establish required bank account(s) for receiving and maintaining funds Establish an account in the Department of Education’s G5 system for requesting funds and reporting expenditures

18. 18 G5 G5 is the electronic system for grants management and payments. It is replacing the Grants Administration and Payment System (GAPS) www.g5.gov

19. 19 Electronic Participation All schools must participate in the Student Aid Internet Gateway (SAIG)  A web-based vehicle through which schools exchange information electronically with ED  All schools have an electronic mailbox or destination point on the SAIG All schools must have internet access

20. 20 Systems You Need FAA Access to CPS Online  Input FAFSA’s  View ISIR’s  Correct ISIR’s  Add school code to ISIR’s COD  Submit award and disbursement data for Pell Grant, ACG, National SMART Grant, TEACH Grant, and Direct Loan

21. 21 Systems You Need NSLDS user ID and passwords  View student financial aid history  Enrollment reporting  Transfer Monitoring e-Campus-Based system  FSEOG & FWS authorizations  FISAP

22. 22 Determine Student Eligibility Review FAFSA/ISIR  Resolve database match issues Social Security Number Citizenship Selective Service NSLDS Veterans Administration

23. 23 Determine Student Eligibility Review FAFSA/ISIR  Verification Process by which certain required data reported on the FAFSA is reviewed for accuracy and completeness  Resolve conflicting information Includes information held by other offices on campus

24. 24 Calculate Need COA-EFC=Need Cost of Attendance  Estimate of student’s educational expenses  May have different costs for different programs of study ort categories of students Use EFC appropriate to number of months in enrollment period

25. 25 Package Determine Pell Grant eligibility Determine eligibility for other aid  Federal, state, institutional Look at student’s outside resources  Must be included as estimated financial assistance Entrance counseling for loan borrowers

26. 26 Disbursement Responsibility of Business Office Money is drawn from G5 Title IV aid is used to pay tuition, fees, and contracted room and board  Payment of other educational expenses requires written authorization from student Disbursement may be credit to student’s account or check issued to student

27. 27 Disbursement Title IV aid disbursed by payment period over length of academic year  Payment periods differ depending on structure of program of study Standard term Non-standard term Non-term credit hour Clock hour Disbursement requires notifications to student borrowers

28. 28 Student Exits Exit counseling for loan borrowers Withdrawals  R2T4 Calculation Make required refunds in timely manner Notification and reporting of overpayments

29. 29 Reporting To ED E-App Annual compliance audit NSLDS COD FISAP Campus Security

30. 30 Contact Information Your feedback and comments are appreciated. Michael Roberts Training Officer 404-562-6261 michael.roberts@ed.gov Angela Smith Training Officer 312-730-1552 angela.smith@ed.gov