1. You Mean I’m Not Your Only School?
MASFAA
Hyannis MA November 14, 2017
Allene Begley Curto
Associate Director of Financial Aid
Springfield College

2. What Does It Matter If I’m Not Your Only School?
If I’m applying to other schools
If I’m attending another school (or it looks like I am!)
If I previously attended another school or schools
If I will attend another school

3. I’m Applying to Other School(s)
Deadlines
I need your answer before the date that they want my answer
Comparisons
Why are they giving me more?
Why aren’t you giving me more?
Why didn’t I get the “X” award that they gave me?
Competition
Hasn’t the coach/department head/admissions officer explained what you need to give me?

4. What Does It Matter If I’m Attending Another School Now?
Consortium Agreements
Annual and Aggregate Limits
No concurrent Pell
SULA
Transfer credits/Academic Counseling
…what other school? I dropped out/never began/don’t know who they are

5. What Does It Matter If I Attended Another School Before?
Annual and Aggregate Limits
SULA
Pending aid
Defaults
Verification
Professional Judgment
Transfer Credits
Unusual Enrollment History

6. What Happens If I Want to Attend Another School After Yours?
Annual and Aggregate Limits
SULA
Pending aid
Prevent Defaults/Delinquency
Verification
Professional Judgment
Transfer Credits

7. Annual Limits Pell at only one school per enrollment period
Annual Pell (remember the 150%!) less % received at first school
Annual loan amounts reduced by disbursed loan in same award year
Pending disbursements need to be canceled and award amount revised on COD
Overlapping loan periods

8. Aggregate limits Check if truly exceeded
If did exceed - need to resolve inadvertent over borrowing through repayment or consolidate all applicable loans or reaffirmation agreement
Resolution does not increase aggregate limits – only restores general eligibility
Monitor if close to aggregate – compare remaining eligibility and projected enrollment needed to complete at your school

9. NSLDS Transfer Monitoring
NSLDS Transfer Monitoring Process – who do you add? (everyone who is not a freshman who never attended before!)
Who Reviews? Updated Wednesday night so check Thursday am!
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!

10. SULA
Subsidized eligibility ends when a student reaches 150% program length
No more subsidized eligibility unless enrolls in a program of greater length
Subsidized eligibility will be lost – even on prior previously subsidized loans if student exceeds 150% program length and did not graduate/complete

11. Pell POP/MRR Review ISIRs Contact School Contact Student
One of the schools needs to revise if POP exists
Timely reporting reduces POPs!

12. Pending disbursements
COD may send to NSLDS as pending disbursement amount(s) – even if the disbursement(s) has/have been canceled – unless loan amount has also been revised
COD status of cancellations/new loans will be more current than NSLDS

13. Defaults
Enrollment reporting is crucial to avoid defaults that shouldn’t occur
Satisfactory repayment eligibility requires student to continue making payments even while enrolled until fully rehabilitated
If cleared by consolidation may not be on NSLDS yet or consolidation may not have included all loans
If NSLDS incorrectly shows default, it must be documented

14. Verification
If one school verified and the other school did not or both verified and have different results this can be conflicting information and must be resolved
Correct if needed or document that your status is correct (or was correct time of disbursement if no longer enrolled)
Conflicting information must be resolved even if not selected for verification or has been previously verified

15. Unusual Enrollment History
Comment code 359
If the student earned credits at your school during the 4 year review period, no further action is required unless you have reason to believe that the student is one who remains enrolled just long enough to receive Title IV funds
If no credits were earned or if you think student may have enrolled just to receive Title IV funds, follow procedures for Comment code 360

16. Unusual Enrollment History
Comment code 360
Need transcript(s) showing credits earned during years in which received any federal aid during the 4 year review period for each school, or
Explanation of why no credits were earned during the year in which received any federal aid during the 4 year review period

17. Professional Judgment
Dependency Overrides - may be accepted during same year, not in subsequent year
Change(s) to data element(s) must be reviewed
Documentation is essential!

18. Transfer Credits Impact on grade level for undergraduate loans
Projected enrollment to complete at your school and aggregate limits remaining
Impact on SAP – quantitative component

19. More onTransfer Credits
Final transcript may not be available until after enrollment begins at your school
Expected grade level may be different if some courses do not transfer
Articulation agreements clarify what courses are accepted and also help enrollment
If students enroll at another school to complete degree requirements at your school, make certain that you document your policy!

20. Consortium Agreements
Official agreement with Host school and Home school
Institutional policy on agreements
Know the procedures
Make certain students know the procedures and policies

21. Concurrent Enrollment
Academic Counseling
Ability to handle the dual registration load
Transferability of credits
Financial Aid Counseling
Annual and Aggregate loan limits
No concurrent Pell grant
Annual Pell and SEOG limits