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New Bee: Online Buzz Tristan Lynn, Director of Financial Aid AIB College of Business.

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Presentation on theme: "New Bee: Online Buzz Tristan Lynn, Director of Financial Aid AIB College of Business."— Presentation transcript:

1 New Bee: Online Buzz Tristan Lynn, Director of Financial Aid AIB College of Business

2 Agenda Tools for Assisting Students – New/Perspective Student – Current Student – Graduates Tools for Financial Aid Administrators – Daily Job Tasks – Regulations – Training

3 FAFSA4Caster Uses – Estimate your EFC – Federal funding estimate Issue – Can’t play with the numbers Website – FAFSA4Caster FAFSA4Caster

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5 College Board Uses – Estimates EFC – Can play around with numbers better Issue – Not exact Website – College Board EFC Calculator College Board EFC Calculator

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7 FAFSA Students complete to get EFC – Can be completed Online or in paper form – Online is recommended for quickest results Questions while completing – Instructions are on the side of page when completing – Read Instructions (Paper Form) Worksheets – Don’t have all pertinent information Website – FAFSA FAFSA

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9 Studentloans.gov Financial Awareness Counseling Exit Counseling Entrance Counseling Master Promissory Note – Plus – Direct Website – StudentLoans.gov StudentLoans.gov

10 Studentloans.gov

11 Financial Literacy Financial Awareness Counseling Iowa Student Loan – Student Loan Game Plan – Return on College Investment (ROCI) Great Lakes Financial IQ Iowa College Access Network (ICAN) Financial Literacy College Series Iowa College Access Network (ICAN) Financial Literacy College Series

12 Financial Awareness Counseling

13 Iowa Student Loan

14 Great Lakes Financial IQ

15 ICAN Financial Literacy College Series

16 Loan Forgiveness Loan Repayment Programs – Attorney – Federal Employee & Public Service Employee – Health Care – Teacher Website – Iowa College Student Aid Commission Iowa College Student Aid Commission

17 Loan Forgiveness

18 Repayment Plans Types – Standard – Graduated – Extended – Income-Based (IBR) – Pay As You Earn – Income-Contingent – Income Sensitive Website – Federal Student Aid Federal Student Aid

19 Repayment Plans

20 NSLDS for Students National Student Loan Data Systems Information for Students – Amount of debt Interest and Principal – Servicers Contact Information Website – NSLDS NSLDS

21 NSLDS for Students

22 NSLDS for Financial Aid Professionals National Student Loan Data Systems Information for Financial Aid Professionals – Student Information Loans and Grant Amount Aggregate Information – Reports Delinquent Borrower Report Transfer Monitoring List – Cohort Default Rate Website – NSLDS NSLDS Two Factor Authentication to Access

23 NSLDS for Financial Aid Professionals

24 FAFSA Demo Allows you to complete sample FAFSA Available at the FSA Conference in November/December Last couple of years, not available until last minute 2014-2015 – User Name: eddemo – Password: fafsatest Can’t do IRS data retrieval Website – FAFSA Demo Site FAFSA Demo Site

25 FAFSA Demo

26 Common Origination & Disbursement (COD) Access to a student information – Loan Information – Counseling – Master Promissory Notes – Pell Amounts – Plus Applications More up to date than NSLDS Website – COD COD Two Factor Authentication to Access

27 Common Origination & Disbursement (COD)

28 Information for Financial Aid Professionals (IFAP) Federal Student Aid Handbook (FSA) – Application and Verification Guide Dear Colleague Letters Federal Registers Electronic Announcements My IFAP – Weekly Digest – Specific Financial Aid Areas Website – IFAPIFAP No Login Necessary!

29 Information for Financial Aid Professionals (IFAP)

30 National Association of Student Financial Aid Administrators (NASFAA) NASFAA News Federal Updates Research Papers Compliance Policies and Procedures Guide Website – NASFAA NASFAA

31 National Association of Student Financial Aid Administrators (NASFAA)

32 ListServs Automatic Mailing Lists – FINAID-L – FSATECH – IASFAA Membership Profile – MASFAA Membership Profile – Software Provider – Admissions – Registrar ***Daily Synopsis***

33 Additional Resources IASFAA – State, Federal, Publication, Association, and Other Resources State, Federal, Publication, Association, and Other Resources College Board Federal Student Aid – FSA Coach Inside Higher ED Iowa College Student Aid Commission – College Aid Insider Many more resources available!

34 Colleagues Conferences – IASFAA – MASFAA – NASFAA – FSA Other Events – Drive-In Workshop – Support Staff Workshop Networking

35 Questions?


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