New Bee: Online Buzz
Tristan Lynn, Director of Financial AidAIB College of Business
Agenda
• Tools for Assisting Students–New/Perspective Student–Current Student–Graduates
• Tools for Financial Aid Administrators– Daily Job Tasks– Regulations– Training
FAFSA4Caster
• Uses– Estimate your EFC– Federal funding estimate
• Issue–Can’t play with the numbers
• Website– FAFSA4Caster
FAFSA4Caster
College Board
• Uses– Estimates EFC– Can play around with numbers better
• Issue– Not exact
• Website– College Board EFC Calculator
College Board EFC Calculator
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
Studentloans.gov
• Financial Awareness Counseling• Exit Counseling• Entrance Counseling• Master Promissory Note– Plus– Direct
• Website– StudentLoans.gov
Studentloans.gov
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
Financial Awareness Counseling
Iowa Student Loan
Great Lakes Financial IQ
ICAN Financial Literacy College Series
Loan Forgiveness
• Loan Repayment Programs– Attorney – Federal Employee & Public Service Employee– Health Care– Teacher
• Website– Iowa College Student Aid Commission
Loan Forgiveness
Repayment Plans
• Types– Standard – Graduated– Extended – Income-Based (IBR)– Pay As You Earn– Income-Contingent– Income Sensitive
• Website– Federal Student Aid
Repayment Plans
NSLDS for Students
• National Student Loan Data Systems• Information for Students– Amount of debt• Interest and Principal
– Servicers• Contact Information
• Website– NSLDS
NSLDS for Students
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• Two Factor Authentication to Access
NSLDS for Financial Aid Professionals
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
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
• Two Factor Authentication to Access
Common Origination & Disbursement (COD)
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– IFAP
• No Login Necessary!
Information for Financial Aid Professionals (IFAP)
National Association of Student Financial Aid Administrators (NASFAA)
• NASFAA News• Federal Updates• Research Papers• Compliance• Policies and Procedures Guide• Website– NASFAA
National Association of Student Financial Aid Administrators (NASFAA)
ListServs
• Automatic Mailing Lists– FINAID-L– FSATECH– IASFAA
• Membership Profile
– MASFAA• Membership Profile
– Software Provider– Admissions– Registrar
***Daily Synopsis***
Additional Resources
• IASFAA– State, Federal, Publication, Association, and Other Re
sources• College Board• Federal Student Aid– FSA Coach
• Inside Higher ED• Iowa College Student Aid Commission– College Aid Insider
• Many more resources available!
Colleagues
• Conferences– IASFAA– MASFAA– NASFAA– FSA
• Other Events– Drive-In Workshop– Support Staff Workshop
• Networking
Questions?