April 15-17, 2013
1
Federal Update
For discussion purposes only
TASFAA Spring Conference
U.S. Department of Education
Federal Update
TASFAA Spring Conference April 17, 2013
2
2013-2014 Pell Grant Awards
GEN-13-06
Maximum Pell award is $5,645
Minimum award amount for a full-time
student is $582
Maximum Pell Grant eligible expected
family contribution (EFC) is 5081
3
Pell - LEU
LEU – Lifetime Eligibility Used
Reduces the duration of a student‟s eligibility
to receive Pell Grant to 12 semesters (600%
- 6 full Scheduled Awards)
Applies to all students effective with the
2012-13 award year.
Calculation includes all earlier years of the
student‟s receipt of Pell
NO “grandfather” clause
4
Pell - LEU
Calculate the equivalency by adding together each of
the annual percentages of a student‟s scheduled
award that was actually disbursed to the student
Once LEU reaches 600%, student no longer
eligible for Pell
May impact FSEOG eligibility
If LEU more than 500% but less than 600%, partial
eligibility for next award year
COD release June 27/28 will include hard rejects for
disbursements over 600%
Edits for 12/13 and beyond
5
for 2013-2014 includes:
• Adding the Pell Lifetime Limit Flag from NSLDS to the ISIR
• Adding the Pell LEU percentage to the NSLDS pre-
screening data and to the ISIR
• The Pell LEU % will be a 7-character field with an implied decimal
– (example: xxxx.xxx%)
2013-2014 CPS Enhancements Pell Lifetime Eligibility Used (LEU)
6
April 15-17, 2013
2
Federal Update
For discussion purposes only
TASFAA Spring Conference
Pell - LEU
• If less than 100% eligibility remaining, handle
award like a transfer student • Pay up to full amount allowed in first payment
period/term
• Pay remaining balance in subsequent payment
periods
• May round cents but cannot exceed 600% – COD reaching out to those schools with 12/13
disbursements >600% through email campaign
7
Pell – LEU (Example) Student‟s annual Pell award is $4800 (100%)
• Student‟s current LEU is 523.867% of 600%
• Student has 76.133% LEU remaining
• Do not round percentages
• 76.133% of the student‟s annual award is $3654.384
Disburse 50% of annual award ($4800) 1st term = $2400
(assuming full-time student)
Disburse remainder of annual award in second term, up
to the remainder of their LEU = $1254.384 (26.133%)
• May round the dollar amount down to $1254 (26.125%), or
award the cents $1254.38 (26.133%)
8
COD Reporting Time Frames
2/28/13 Federal Register & 3/15/13 Elect. Ann. For 2012-2013 award year, in COD, for disbursements
(or adjustments to previous disbursements) made on
or after April 1, 2013, a school must submit Pell,
IASG, Direct Loans and TEACH disbursement records
no later than 15 days after making the disbursement
(or becoming aware of an adjustment)
Prior to April 1, 2013, disbursements records had to
be submitted within 30 days.
Expect the corresponding Federal Register notice for
2013-2014 award will require all reporting to be made
within 15 days
9
10
Dear Colleague Letter, GEN-12-18
A student may:
• Decline all or a part of a Pell Grant award
• Return, during an award year, all or a part of a
disbursement already made within the same award year
The student must provide a signed, written statement:
• Clearly indicating his/her decline/return of Pell Grant funds
• Acknowledges that funds may not be available at a later
date
School must submit any required adjustment records for
the student to the COD System
Declining a Pell Grant
Note: An institution may not package
need-based Title IV aid to compensate.
Federal Register – May 2, 2012
Removed regulations pertaining to a 2nd scheduled Pell
Grant (2 Pells in one award year)
Crossover Payment Period (period in 2 award years)
Removed requirement to compare ISIRs from both award
years and pay from the year with the higher payment
The school will determine which award year the payment
period will be placed (34 CFR 690.64)
Ability to meet need‟s of the student and maximize eligibility
The entire payment period must be considered in ONE award
year and the entire disbursement must be paid out of the
award year in which it was placed
Final Summer Cross-
Over Rules soon 11
12
April 15-17, 2013
3
Federal Update
For discussion purposes only
TASFAA Spring Conference
GEN-13-09 - Unusual Enrollment History New Unusual Enrollment History Flag (UEH Flag) on the
2013-2014 ISIR.
Concerned about the student that has a pattern of
attending multiple institutions over a period of time where
they stay long enough to receive title IV credit balance
funds but then leave without completing the enrollment
period
Review Pell Grant disbursements over last 3 completed
award years
Depending on codes (N, 2, or 3) school may have to review
data to determine if valid reasons exist for student‟s
unusual enrollment history
13
NSLDS will add edits to identify records with unusual
enrollment histories and set a new NSLDS Unusual
Enrollment History Flag
• Pre-Screening - Unusual Enrollment History Flag:
2013-2014 - Unusual Enrollment History
Five flag values (N, Blank and 1- 3)
14
• Values for the NSLDS Unusual Enrollment History
Flag are described in the following table
2013-2014 - Unusual Enrollment History
NSLDS Unusual Enrollment History
Flag
Description SAR C Flag? SAR Comment
2 Unusual Enrollment History 2 (Possible enrollment pattern problem, school may need to resolve)
Yes 359
3 Unusual Enrollment History 3 (Questionable enrollment pattern, school must resolve)
Yes 360
N Enrollment pattern not unusual (No school action required)
No N/A
15
GEN-13-09 - Unusual Enrollment History
UEH Flag value is „N‟: No action is necessary
• UEH Flag value is „2‟: Must review student‟s
enrollment and financial aid records to determine if,
during the 3 award year review period (10/11,11/12,
12/13), student received a Pell Grant at the institution
that is performing the review
• If so, no additional action is required unless reason to
believe student is one who remains enrolled just long
enough to collect student aid funds. In this case, must
follow guidance provided for a UEH Flag of „3‟.
• If not, must follow guidance provided for a UEH Flag of „3‟
16
GEN-13-09 - Unusual Enrollment History
• UEH Flag value is „3‟: Review student‟s academic
records to determine if student received academic
credit at institutions student attended during the 3
award year period (10/11,11/12,12/13).
• Identify institutions where the student received Pell Grant
funding over the past three award years through NSLDS
• Must determine (through transcripts or grade reports), for each
of the previously attended institutions, whether academic credit
was earned during the award year in which the student
received Pell funds
Academic credit is considered earned if academic records
show student completed any credit hours or clock hours.
17
GEN-13-09 - Unusual Enrollment History
• UEH Flag value is „3‟:
• Academic Credit Earned: If determined student earned
any academic credit at each of the previously attended
institutions during the relevant award years, no further
action is required unless institution has other reasons to
believe student enrolls just to receive credit balances
• If it is determined that academic credit was NOT earned
at one or more of the previously attended institutions OR
the school had reasons to believe student just enrolls for
TIV funds, the institution must follow the “Academic
Credit Not Earned” guidance
18
April 15-17, 2013
4
Federal Update
For discussion purposes only
TASFAA Spring Conference
GEN-13-09 - Unusual Enrollment History • UEH Flag value is „3‟:
• Academic Credit NOT Earned: If student did not earn
academic credit at a previously attended institution,
including current school, must obtain documentation from
student explaining why failed to earn academic credit
• Must determine whether the documentation supports
• (1) the reasons given by the student for the student‟s failure
to earn academic credit; and
• (2) student did not enroll only to receive credit balance funds
• Institutional determinations are final and not appealable to
the Department, and reasons for the decision must be
documented and maintained for possible review
19
GEN-13-09 - Unusual Enrollment History
• Approval of Continued Eligibility
• If school approves student‟s continued eligibility, may:
• Require student to establish academic plan, like (SAP),
• Counsel student about the impact of the student‟s
attendance pattern on future Pell Grant eligibility
• Denial of Continued Eligibility
• If a student did not earn academic credit and does not
provide acceptable explanation and documentation,
school must deny student any additional title IV
• Student must be provided an opportunity to question and
appeal decision, similar to SAP appeals
20
GEN-13-09 - Unusual Enrollment History
• Regaining Aid Eligibility
• Provide student information on how to regain title IV eligibility.
• expected that successful completion of academic credit
would form the basis for the student‟s subsequent request for
renewal of title IV eligibility
• could include meeting requirements of an academic plan
• Authority
• 484(a)(4)(A) of the Higher Education Act of 1965
• requires the student to sign a Statement of Educational Purpose
• by signing Statement of Educational Purpose (on FAFSA), student
certified would use title IV aid only to meet educational costs
21
22
GEN-11-16
Graduate Students
Subsidized Loans eliminated for Graduate Students
Effective for loans made for loan periods beginning on
or after July 1, 2012.
Subsidized Loans for loan periods beginning before
July 1, 2012 remain unchanged
COD will edit for changes.
Annual limits unchanged, all unsubsidized ($20,500)
Students still eligible for subsidized loans for
preparatory coursework and teacher certification
programs
23
Upfront Rebates
Elimination of Direct Loan Incentives
Terminates repayment incentives (“upfront rebate”)
to encourage on-time repayment of loans
Effective for loans first disbursed on or after July 1,
2012
COD will edit for compliance
An actual disbursement takes precedence over
an anticipated disbursement
Still allows interest rate reduction to borrowers who
repay electronically
24
April 15-17, 2013
5
Federal Update
For discussion purposes only
TASFAA Spring Conference
Grace Period Interest Subsidy
Temporarily eliminates the interest subsidy
on Direct Subsidized Loans during the six
month grace period
Applies to new Direct Stafford Loans for
which the first disbursement is made on or
after July 1, 2012, and before July 1, 2014
10/19/12 Electronic Announcement Addendum discussing temporary loss of
interest subsidy
25
Interest Rates and Sub Eligibility 3.4% interest rates for subsidized loans disbursed on
or after 7/1/12 & before 7/1/13 Subsidized loan interest rates set to go up to 6.8% for
loans first disbursed on or after July 1, 2013 unless
Congressional legislative change
New Subsidized limits:
New borrowers on or after July 1, 2013 will be
eligible for Subsidized Loans up to 150% of
published program length
Once 150% limit reached, ineligible for subsidized
loans and interest subsidy benefits on all
subsidized loans first disbursed on or after 7/1/13
26 EA dated 7/10/12
Subsidized Loan Limitation Examples
Program Length Limitation on Subsidized
Loan Eligibility
4-Year Bachelor’s Degree 6 Years of subsidized loan eligibility
2-Year Associates Degree 3 Years of subsidized loan eligibility
1-Year Certificate Program 1 ½ Years of subsidized loan eligibility
10 Week Certificate Program
15 Weeks of subsidized loan eligibility
27
28
Subsidized Loan Limitation
Transfers –
Students maximum time to receive subsidized
loans is established based on the length of the
program the student is enrolled in
Remaining subsidized eligibility is calculated
by subtracting from maximum eligibility the
time the student has already received
subsidized loans
29
Subsidized Loan Limitation
Transfer Examples –
Student receives three years of subsidized loans
while enrolled in a two-year program
Student transfers to a four-year BA program
Student has three years of remaining
subsidized loan eligibility
Student receives three years of subsidized loans
while enrolled in a four-year BA program
Student transfers to a two-year AA program
Student has no remaining subsidized loan
eligibility
30
Subsidized Loan Limitation
FSA will track, calculate, and inform
students and institutions.
Likely to be codes and comments on
SARs and ISIRs.
COD editing and enforcement.
Schools will need to provide program
information, including length of program
Probably as part of COD reporting
April 15-17, 2013
6
Federal Update
For discussion purposes only
TASFAA Spring Conference
31
Electronic Announcement March 1, 2013
March 15, 2013
32
Federal Pell Grant Program
No impact to either 2012-2013 or 2013-
2014
FWS and FSEOG Programs
No impact on 2012-2013 campus
allocations
2013-2014 allocations will be reduced
Will show in final allocations
Sequestration – TIV Programs
33
TEACH Grant and Iraq-Afghanistan Service Grant
Programs
Reductions apply only when the first disbursement
of the award is made after March 1, 2013
TEACH Grant awards must be reduced by 12.6
percent from the award amount the recipient would
otherwise have been entitled
Iraq-Afghanistan Service Grant awards must be
reduced by 37.8 percent from the award amount
the recipient would otherwise have been entitled
Sequestration – TIV Programs
34
Federal Direct Loan Programs
Direct Subsidized and Unsubsidized loan fees are
increased from 1.0 percent to 1.051 percent. For example, the fee on a $5,500 loan will increase
by $2.80 from $55.00 to $57.80
Direct PLUS loan fees (for parent and graduate
student borrowers) are increased from 4.0 percent
to 4.204 percent. For example, the fee on a $10,000 PLUS loan will
increase by $20.40 from $400.00 to $420.40
Sequestration – TIV Programs
35
Federal Direct Loan Programs Pending further guidance, schools should continue to
award, disburse, and report using 1% and 4%
Both ED‟s and schools‟ systems (or contractor‟s
systems) will need to be modified Will include implementation time for modifications
before the new fee structure will be required
Institutions will NOT be liable for the difference
between the 1 percent and 4 percent fees and the
revised fee amounts
If needed, ED work with the students/borrowers
Sequestration – TIV Programs
36
GEN-12-21
April 15-17, 2013
7
Federal Update
For discussion purposes only
TASFAA Spring Conference
37
Non-Institutionally Owned Bookstores
Institution may credit a student‟s account with
Title IV, HEA funds to pay for educationally related
goods and services purchased by the student at a
bookstore as long as:
(1) Institution has a written contract or other
legal agreement with the entity operating the
bookstore under which the student is able to
charge educationally related goods and
services, and
(2) Institution obtains the student‟s
authorization
38
Non-Institutionally Owned Bookstores
This contract-based approach is an
extension of the policy we established for
non-institutionally owned student housing
Under a contractual agreement, for both
housing and books and supplies, we view
the institution as providing the goods and
services itself
39
GEN-12-10 EA – 6/29/12
E.O. 13607
• Signed April 27, 2012
• Designed to ensure information, support and
protections put in place for those students enrolled in
post-secondary programs receiving federal military
educational benefits
• Schools participating in certain federal military
education benefits enter into an
agreement/understanding with DOD and VA
• 6/29/12 EA provides a link to recorded webinar and
the executive order
40
E.O. 13607
• GEN-12-10 provides a series of Q & As to address
how TIV schools can comply with EO 13607
• Standardized cost form – ED‟s “Shopping Sheet”
• Aid Information – provides sample language
• State Authorization and recruitment – follow existing ED
regulations around state authorization,
misrepresentation, recruitment and incentive
compensation
• Accreditation – follow accreditation requirements
• Readmission – follow ED‟s guidelines for returning
service members
41
E.O. 13607
• GEN-12-10 provides a series of Q & As to address
how TIV schools can comply with EO 13607
• Withdrawals – treat VA and DOD funds similar to R2T4
and nonTIV schools develop refund policy similar to
R2T4
• Individual education plans – definitions/terms, degree
requirements and transfer hour procedures
• Advising points of contact – basic understanding of
benefits and services for military/service and family
members and contact information for additional help
42
April 15-17, 2013
8
Federal Update
For discussion purposes only
TASFAA Spring Conference
43
GEN-13-05 GEN-12-12 GEN-12-17
EA – 9/11/12 EA – 9/28/12 EA – 1/18/13
Shopping Sheet – 2013-2014
• ED developed model format to deliver financial aid
information to students - section 484 of HEOA
• Encouraged to be used by schools starting in 13/14
• If will use sheet, send email to [email protected]
with institutional name and institution‟s OPE ID number
• Required to be used by schools that agree to comply
with Executive Order 13607 (principles of excellence)
• Provide prospective veteran/service member who have
applied for Title IV aid with information describing program
costs and potential Federal educational benefits and financial
aid prior to enrollment
44
Shopping Sheet – 2013-2014
• An annotated shopping sheet, along with background
information about the sheet, can be found at –
• http://www2.ed.gov/policy/highered/guid/aid-offer/index.html
• The sheet is for undergraduate and graduate students
• September 28, 2012 Electronic Announcement
• Provides PDF version, HTML specifications and download
button feature in XML used by schools/software providers
• January 18, 2013 Electronic announcement
• Contains institutional metrics file - graduation rate, loan
default rate, and median borrowing figures
45
GEN 13-05 – Q & As
• Question #1:
• Do I need to revise the Shopping Sheet when a student‟s aid
package changes?
• Answer #1:
• No. However, we encourage schools to use it when aid
packages are revised.
• Question #2:
• When should the Shopping Sheet be provided to prospective
students?
• Answer #2:
• Should be provided prior to enrollment
46
GEN 13-05 – Q & As
• Question #4:
•Will EDExpress be able to produce a
Shopping Sheet?
• Answer #4:
•Yes. We anticipate this capability will be
available in EDExpress in the spring of
2013.
47
GEN 13-05 – Q & As
• Question #5:
• May schools modify the Shopping Sheet?
• Answer #5:
• No. All components on the Sheet should remain on
the form
–Exception: Graduate schools can remove Pell/DL
Sub and use graduate student graduation rates
and borrowing metrics if available
• May include supplemental information in the
customized information box at the bottom of the form
48
April 15-17, 2013
9
Federal Update
For discussion purposes only
TASFAA Spring Conference
49
Gainful Employment Information
Gainful Employment Page on IFAP at:
http://ifap.ed.gov/GainfulEmploymentInfo/
or from IFAP Homepage (right-hand side)
Regulations and Federal Register Notices
Dear Colleague Letters and Electronic
Announcements
Frequently Asked Questions
Training, including webinars
Resources
50
Gainful Employment
51
We are currently reviewing the recent legal decision about the Gainful Employment regulations. We are unable to respond to any questions related to Gainful Employment at this time,
but will provide additional guidance in the near future
Electronic Announcement dated July 6, 2012 (GE EA #39) • Provides background on decision • Current school requirements
• Do not have to report annual data for 11/12 • Additional GE data not required to included for adding new GE programs • Disclosure requirements still in affect
Stay tuned to IFAP for Updates!!!!
Electronic Announcement – 11/23/12
(GE EA #42)
• By January 31, 2013 all schools must update their
disclosures for each of their GE Programs for the
2011-2012 award year
• Until the ED template is available, institutions must
make their GE Program disclosures using an
institutionally-determined format
52
GE Disclosure Information
53
HEOA Changes
Increased CDR monitoring period from two to three
years
Beginning with the 2009 cohort, the calculation will be:
Borrowers who default in that federal fiscal year or by
the end of the next two federal fiscal years.
Establishes a three-year transition period for
sanctions
On 9/17/12 - released the FY 2010 2-Year CDRs to schools
On 9/24/12 - released the FY 2009 3-Year CDRs to schools
Draft FY2011 2-yr and FY2010 3-yr released March 2013
54
April 15-17, 2013
10
Federal Update
For discussion purposes only
TASFAA Spring Conference
17.6%
17.2%
21.4%
22.4%
17.8% 15.0%
11.6%
10.7% 10.4%
9.6%
8.8%
6.9%
5.6% 5.9%
5.4% 5.2%
4.5% 5.1%
4.6%
5.2%
6.7% 7.0%
8.8% 9.1%
0
5
10
15
20
25
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Coh
ort
Def
au
lt R
ate
Cohort Years
FY 2010 2-Year Official National Student Loan Default Rates 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Issue
Date
New
55
11.0%
16.2%
18.3%
7.9% 7.5%
23.1%
14.5%
7.3%
22.7%
21.5%
22.9% 23.0%
7.3%
0% 0
5
10
15
20
25
FY 2009 3-Year Official National Cohort Default Rates by Sector
Co
ho
rt D
efa
ult
Ra
te (
%)
Sector
Pu
bli
c
Pu
bli
c
Pu
bli
c
Pu
bli
c
Pri
vate
Pri
vate
Pri
vate
Pri
vate
Pro
pri
etary
Pro
pri
etary
Pro
pri
etary
Pro
pri
etary
Fore
ign
56
Transition Period
57
Default Sanctions*
Default Prevention Plans
1st year CDR is equal to or greater than 30%:
Establish a default prevention task force; and
Develop and submit a default prevention plan to ED
2 consecutive CDRs equal to or greater than 30%:
Revise and submit default prevention plan
ED may require specific adjustments/actions
3 consecutive CDRs equal to or greater than 30%:
Lose Direct Loan AND Pell Grant eligibility
1 CDR above 40% lose Direct Loan eligibility
58 *ability to appeal/ challenge rates
Loan Exemptions
Schools are exempt from waiting 30 days for 1st
disbursement to first-time, first year borrowers and
from providing multiple disbursements for a single term
loan if:
3 official default rates below 15% for each of the three
most recent fiscal years for which data are available
Official CDRs can all be from the same rate calculation
(e.g. all 2-yr rates) or from either the 2 or 3 year rates as
long as they are from different fiscal years
For example, a school could meet the exception with the
following rates – FY09 2-yr; FY10 3-yr rate; FY11 2-yr
59
Default Prevention
ED‟s Default Prevention Resource Center
http://ifap.ed.gov/DefaultPreventionResourceInfo/index.html
Right-hand side of IFAP home page
Webinar Recordings –Default Prevention Conference
Several different presentations
ANN-12-18 (http://ifap.ed.gov/dpcletters/ANN1218.html)
ED Cohort Default Rate contacts
(202) 377-4259; [email protected]
60
April 15-17, 2013
11
Federal Update
For discussion purposes only
TASFAA Spring Conference
61
62
Studentloans.gov has brought ALL FSA loan
counseling tools together on one website
• Entrance Counseling
Subsidized & Unsubsidized and
Graduate/Professional Student PLUS
• Exit Counseling
NSLDS will continue to provide detailed Exit
Counseling reports and you‟ll continue to obtain
demographic and reference information from that
website as you do today
• Financial Awareness Counseling
studentloans.gov for 2013-2014
63
New “Repayment Estimator” to the website
• On the “My Preferences” screen
• Authenticated users will see loan data from NSLDS,
the prospective eligibility of each loan for a particular
repayment plan, and estimate the payment for a
particular plan based on several factors including…
Loan type
Loan balance
Income
Family size
Where you live
studentloans.gov for 2013-2014
64
Federal Loan Programs
65
NPRM – July 17, 2012
Final Federal Register - November 1, 2012
Effective date – July 1, 2013
Federal Register - December 7, 2012
Early implementation of Pay as You
Earn repayment plan effective 12/21/12
Federal Loan Programs
66
Maintain current Income Contingent Repayment
plan (ICR) with adjustments in notification
documentation and loan forgiveness process
Create new ICR plan based on future changes to
IBR - Pay As You Earn repayment plan
Max annual payment capped at 10% of discretionary
income; loan forgiveness after 20 years of qualifying
payments; partial financial hardship requirements;
adjustments for married borrowers depending on
filing status
Electronic application – studentloans.gov
April 15-17, 2013
12
Federal Update
For discussion purposes only
TASFAA Spring Conference
Federal Loan Programs
67
• Modify IBR plan to incorporate SAFRA Act
Changes
Becomes effective July 1, 2014
Redefine new borrower and partial financial hardship
Maximum monthly payment limited to 10% of
discretionary income
Loan forgiveness after 20 years of qualifying payments
Improve notification requirements
Revised repayment requirements for borrowers who
leave IBR
Federal Loan Programs
68
Total and Permanent Disability Discharge
Perkins, FFEL and Direct Loans
Borrowers representative can be involved in entire
process
Borrowers apply for discharge directly to ED who will
notify all lenders
ED to create an OMB form for reporting earnings
Ensure application process for veterans with VA
documentation similar to non-veteran process
Revise provisions to require payments by borrowers
after discharge is granted be returned to the borrower
Federal Loan Programs
69
Total and Permanent Disability Discharge
Permit a TPD discharge based on a borrower‟s
Social Security Administration (SSA) notice of
award for Social Security Disability Insurance
(SSDI) benefits or Supplemental Security Income
(SSI) benefits IF classified as permanently
impaired—medical improvement not expected
(reviewed by SSA every 5-7 years)
Borrowers still subject to the three-year
discharge review that is currently in place
Federal Register – 9/27/2012
70
• Updated Waivers to HEROES Act
– Assist military service members called to active duty or
qualifying National Guard duty
– Assist those residing or working in a declared disaster area
tied to a national emergency, war or military operations
– Waivers and Modifications include:
- No grant overpayments owed under R2T4
- Signed statements of tax extensions
- LOA requests to not have to be in writing
- Credit balance timeframe met if contact attempted
- Can hold balance up to 45 days
Federal Register – 9/27/2012
71
• Updated Waivers to HEROES Act
–Waivers and Modifications include:
- 60 day loan cancellation period
- verbal authorizations allowed
- various loan statuses and payment requirements
- parental verification & FAFSA signature
requirements
- Effective 9/27/12 through 9/30/17
Future Federal Registers
72
Teacher Preparation and TEACH Grants
Institutional reporting & State accountability –
quality of teacher preparation programs
“High Quality” Program and Services
Definitions associated with school eligibility to
participate in TEACH Grant
Service and Repayment obligations for TEACH
April 15-17, 2013
13
Federal Update
For discussion purposes only
TASFAA Spring Conference
Future Federal Registers
73
Other Student Loan Issues
“Naturally readable” Direct Loan regulations
Various aspects of defaulted borrower process
Loan Rehabilitations
Perkins loan issues – deferments, enrollment reporting,
loan assignments…
Spring 2013 Negotiated Rule-Making
• May 1, 2012 Federal Register Notice
• Topics – preventing fraud; use of debit cards and other
banking mechanisms for disbursing TIV; improve and
streamline campus-based programs
74
Dear Colleague Letters
• GEN-13-07– Net Price Calculator
• Q & As; References
• GEN-13-02 – Direct Loan Funds
• inadvertent overborrowing; failure to attend
• GEN-13-01 – Only two types of DCLs (GEN & ANN)
• GEN-12-19 – New Perkins MPN
• Must use by January 1, 2013
75
Electronic Announcements
76
• 3/25/13 - Transition to New NSLDS Enrollment
Reporting File Layouts and Retirement of SSCR
Software
• 3/8/13; 3/12/13 – changes to log-in process for specific
ED systems including rules of behavior and annual
security training and COD access criteria
• 1/18/13 – ED social media tools to promote FAFSA
completion
• 1/18/13 – enhancements to MyStudentData download
on NSLDS
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Training
• 2012 FSA Conference
• http://fsaconferences.ed.gov/
• Download presentations; view recorded sessions
• FSA Fall Webinar Series – October 2012
• R2T4 Modules, R2T4 Clock Hours, Clock Hour Issues,
Campus-Based Programs, future Q & A session
• ANN-12-21 (recordings will be posted to IFAP)
• Fundamentals of Federal Student Aid Administration
• ANN-12-22
• New requirements – CEO/owner must attend entire training;
to register participants must complete online training
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April 15-17, 2013
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Federal Update
For discussion purposes only
TASFAA Spring Conference
Resources
• 2013 BLUE BOOK
• http://ifap.ed.gov/ifap/BlueBook.jsp?year=2013
• Designed to provide guidance to business and fiscal
officers on accounting, recordkeeping, managing,
and reporting federal student aid programs
• IFAP.ed.gov website
• “My IFAP” – left-hand side
• Campus-Based Call Center
• 877-801-7168; [email protected]
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Contacts
• Kansas School Participation Team
• Main Number: 816-268-0410
• Tom Beckerle (IIS) - 816-268-0418
• Jan Brandow (IIS) – 816-268-0409
• Atlanta Training Officers
• David Bartnicki – 404-974-9312
• Michael Roberts – 404-974-9313
• Email – [email protected]
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“NEW” - Training Feedback
To ensure quality training we ask all participants to
please fill out an online session evaluation
• Go to http://s.zoomerang.com/s/DavidBartnicki
• Evaluation form is specific to David Bartnicki
• This feedback tool will provide a means to educate and
inform areas for improvement and support an effective
process for “listening” to our customers
• Additional concerns about training can be directed to
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