accessorizing your financial aid toolbox resources for the novice financial aid employee 1 ncasfaa...
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Accessorizing your Financial Aid
Toolbox
Resources for the Novice
Financial Aid Employee
NCASFAA
NCASFAA
FAATOOLB
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what do all those letters mean?
FA Acronyms
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AGI Adjusted Gross Income
COA Cost of Attendance
EFC Expected Family Contribution
FAA Financial Aid Administrator
IFAP Information for Financial Aid Professionals
R2T4 Return to Title IV
SAP Satisfactory Academic Progress
USCIS U.S. Citizenship and Immigration Services (previously INS)
VA Department of Veterans Affairs
FA Acronyms
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A comprehensive list of financial aid acronyms is available at the end of this presentation.
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Web sites for Students
Web Site for Financial Aid Professionals
More Web Sites
Listservs and E-mail
Federal Student Aid Handbook
Regulations, Statutes, Codes, Laws, etc.
Tools Up!
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Web Sites for Students
NCASFAA
NCASFAA
FAATOOLB
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FAFSA on the Web: www.fafsa.ed.gov
Before beginning a FAFSA
Filling Out a FAFSA
FAFSA Follow-Up
Web Sites for Students
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Federal Student Aid PIN: www.pin.ed.gov
Apply For a PIN
Check PIN Status
Request Duplicate PIN
Change My PIN
Disable My PIN
Web Sites for Students
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Student Aid on the Web: www.studentaid.ed.gov
Applying for College
My FSA
Applying for Financial Aid
Federal Student Aid Programs
Web Sites for Students
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National Student Loan Data System: www.nslds.ed.gov
This site displays information on Title IV loan and/or grant amounts, outstanding loan balances, loans statuses and disbursements.
Conduct Exit Counseling
Web Sites for Students
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FAFSA4caster: www.fafsa4caster.ed.gov With the FAFSA4caster, the student and his/her family receive an early estimate of eligibility for federal student aid.
Much of the information entered in the FAFSA4caster later populates the FAFSA on the Web application, making the experience of applying for federal student aid easier.
Web Sites for Students
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Federal Direct Student Loans: www.studentloans.gov This site is the primary source for information from the U.S. Department of Education about how students and parents can manage their federal student loans.
Sign their MPN
Complete Entrance Counseling
Web Sites for Students
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Information for North Carolina students: www.cfnc.org College Planning
Financial Aid Planning
Financial Literacy/ College Savings Plans
My CFNC
Career Planning
Web Sites for Students
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Web Sites for Financial Aid Professionals
NCASFAA
NCASFAA
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Information for Financial Aid Professionals: www.ifap.ed.gov The IFAP web site consolidates guidance, resources and information related to the administration and processing of Title IV federal student aid into one online site for use by the entire financial aid community.
Web Sites for Financial Aid Professionals
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NSLDS for Financial Aid Professionals: www.nsldsfap.ed.gov/nslds_FAP/default.jsp NSLDS provides a centralized, integrated view of Title IV loans and grants during their complete life cycle, from aid approval through disbursement, repayment, delinquency and closure.
Web Sites for Financial Aid Professionals
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FSA COACH: www2.ed.gov/offices/OSFAP/fsacoach/index.html FSA COACH is a free web-based tutorial from the U.S. Department of Education. It is a comprehensive introductory course on school requirements for administering the federal student aid programs.
Web Sites for Financial Aid Professionals
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FAA Access to CPS Online: faaaccess.ed.gov/FOTWWebApp/faa/faa.jsp View students’ SAR information
Compare two ISIR transactions for the same student
Enter a FAFSA and/or Correct a processed FAFSA
Calculate/manage the return of Title IV funds
Web Sites for Financial Aid Professionals
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Common Origination and Disbursement: www.cod.ed.gov Financial Aid Administrators, Servicers or other officials can use this site to perform a variety of functions related to student/award/disbursement data for Pell, Direct Loan and Campus-Based programs.
Web Sites for Financial Aid Professionals
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FSA Assessment: www.ifap.ed.gov/qahome/fsaassessment.html In collaboration with financial aid professionals, Federal Student Aid has designed modules to help schools with compliance and improvement activities. The assessments contain links to applicable laws and regulations.
Web Sites for Financial Aid Professionals
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Student Aid Internet Gateway: www.fsawebenroll.ed.gov This site is the tool that allows your school to securely exchange and access data with Federal Student Aid Application Systems.
Web Sites for Financial Aid Professionals
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FSA Publications: www.fsapubs.gov This site gives you access to ordering and downloading a wealth of free publications and application tools that explain the federal aid process and programs.
Web Sites for Financial Aid Professionals
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Default Prevention Resource Information: www.ifap.ed.gov/DefaultPreventionResourceInfo/index.html Through this page, Federal Student Aid consolidates delinquency and default prevention resources and techniques in one location for schools.
Web Sites for Financial Aid Professionals
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Department of Education Training: www2.ed.gov/offices/OSFAP/training/index.html Through this page, Federal Student Aid provides information on their current and future training activities and learning resources.
Web Sites for Financial Aid Professionals
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Information for Financial Aid Professionals: www.ifap.ed.gov Downloadable Software and Manuals
Training, Workshops and Webinars
Links to SAIG, COD, and many others
Handbooks, Verifications Guides and Worksheets
Web Sites for Financial Aid Professionals
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Information for Financial Aid Professionals: www.ifap.ed.gov Downloadable Software and Manuals
Training, Workshops and Webinars
Links to SAIG, COD, and many others
Handbooks, Verifications Guides and Worksheets
Web Sites for Financial Aid Professionals
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Financial Aid Administrator: www.cfnc.org/home/info_faa.jsp State Scholarship and Grant Program Regulations
Access to Grant Application System
Review services offered to FAAs
Web Sites for Financial Aid Professionals
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More Web Sites FinAid-The Smart Student Guide to Financial Aid www.finaid.org National College Access Network www.collegeaccess.org NASFAA www.nasfaa.org SASFAA www.sasfaa.org NCASFAAwww.ncasfaa.org U.S. Department of Education www.ed.gov Selective Service: www.sss.gov KnowHow2Go www.knowhow2go.orgFree Scholarship Searches
www.fastweb.com www.collegeboard.com www.scholarships.com www.petersons.com
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OTHER
RESOURCES
NCASFAA
NCASFAA
FAATOOLB
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List Servs & E-MailSASFAA: sasfaal- www.sasfaa.org/ListLock/
NCASFAA: ncasfaal- www.ncasfaa.org/ListLock/
IFAP: www.ifap.ed.gov/ifap/newuserreg_01.jsp (IFAP, FSATECH, DIRECT LOAN)
NASFAA : www.nasfaa.orgCreate myNASFAA Account
FINAID-L Discussion List: [email protected]
Other List Servs - List available at:www.finaid.org/educators/maillists.phtml
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Federal Student Aid Handbook
A comprehensive annual guide to regulatory and administrative requirements for Title IV federal student aid programs. It is published each year and available on www.ifap.ed.gov > Publications
Application and Verification Guide Volume 1 - Student Eligibility Volume 2 - School Eligibility and Operations Volume 3 - Calculating Awards and Packaging Volume 4 - Processing Aid and Managing Federal Student Aid Funds Volume 5 - Overawards, Overpayments, & Withdrawal Calculations Volume 6 - Campus-Based Programs What's New in the 2010-2011 Federal Student Aid Handbook
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Regulations, Statutes, Codes, Laws, etc.
www.ifap.ed.gov > Laws & Regulations
www.nasfaa.org > Regulatory
www.nasfaa.org > Legislative
www.cfnc.org > North Carolina Regulations
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NCAS
FAA
FAATOOLBOX
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APPENDIX A:
FA ACRONYMS
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FA ACRONYMS ACA Administrative Cost Allowance ACH Automated Clearinghouse ACG Academic Competitiveness Grant AGI Adjusted Gross Income AI Available Income APR Annual Percentage Rate ATB Ability to Benefit CB Campus Based
NCASF
AA
FAATOOLBOX
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FA ACRONYMS CDR Cohort Default Rate CFL Current Funding Level COA Cost of Attendance CCRAA College Cost Reduction and Access
Act COD Common Origination and Disbursement COH Cash on Hand CPS Central Processing System DCS Debt Collection Services DHS Department of Homeland Security DO Dependency Override
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FA ACRONYMS
DPA Destination Point Administrator DRN Data Release Number DUNS Data Universal Numbering System E-App Electronic Application to Participate eMPN Electronic Master Promissory Note ED U.S. Department of Education EDE Electronic Data Exchange EFC Expected Family Contribution EFT Electronic Funds Transfer
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FA ACRONYMS
EIN Employer Identification Number ESAR Electronic Student Aid Report FAA Financial Aid Administrator FAFSA Free Application for Federal Student Aid FDLP/DL William D. Ford Federal Direct Loan
Program FERPA Family Education Rights and Privacy Act FFELP Federal Family Education Loan Program FISAP Fiscal Operations Report and Application
to Participate
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FA ACRONYMS
FPL Federal Perkins Loan FSA Federal Student Aid (Dept. of Ed) FSEOG Federal Supplemental Educational
Opportunity Grant Program FWS Federal Work Study Program FY Fiscal Year GA Guaranty Agency GAPS Grant Administration and Payment
System HEA Higher Education Act
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FA ACRONYMS
HPSL Health Professions Student Loan ICC Institutional Capital Contribution IFAP Information for Student Aid
Professionals IPEDS Integrated Postsecondary
Education Data System ISIR Institutional Student Aid Report JLD Job Location and Development LEAP Leveraging Educational Assistance
Partnership LLR Lender of Last Resort
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FA ACRONYMS
MPN Master Promissory Note MRR Multiple Reporting Record NASFAA National Association of Student
Financial Aid Administrators
NDSL National Direct Student Loan Program or National Defense Student Loan Program
NPRM Notice of Proposed Rule Making NRM Negotiated Rule Making
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FA ACRONYMS NSLDS National Student Loan Data System OPE-ID Office of Postsecondary Education
Identifier P-Note Promissory Note PIN Personal Identification Number PJ Professional Judgment PLUS Parent Loan for Undergraduate
Students PPA Program Participation Agreement QA Quality Assurance R2T4 Return to Title IV
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FA ACRONYMS
SAIG Student Aid Internet Gateway SAP Satisfactory Academic Progress SAR Student Aid Report SPT School Participation Team SSI Supplemental Security Income SSA Social Security Administration SSN Social Security Number SSCR Student Status Confirmation Report SSS Selective Service System
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FA ACRONYMS
SMART National Science and Mathematics Access to Retain Talent Grant
TANF Temporary Assistance for Needy Families
TIN Tax Payer Identification Number TIV Title IV of the HEA USCIS U.S. Citizenship and Immigration
Services (previously INS) VA Department of Veterans Affairs YTD Year to Date