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Accessorizing your Financial Aid Toolbox

Accessorizing your Financial Aid Toolbox. NCASFAA. Resources for the Novice Financial Aid Employee. FAA TOOLBOX. NCASFAA. Accessorizing your Financial Aid Toolbox. FA Acronyms. w hat do all those letters mean?. FA Acronyms. Accessorizing your Financial Aid Toolbox.

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Accessorizing your Financial Aid Toolbox

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  1. Accessorizing your Financial Aid Toolbox NCASFAA Resources for the Novice Financial Aid Employee FAA TOOLBOX NCASFAA

  2. Accessorizing your Financial Aid Toolbox FA Acronyms what do all those letters mean?

  3. FA Acronyms

  4. Accessorizing your Financial Aid Toolbox A comprehensive list of financial aid acronyms is available at the end of this presentation.

  5. Tools Up! Accessorizing your Financial Aid Toolbox • 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.

  6. Web Sites for Students NCASFAA FAA TOOLBOX NCASFAA

  7. Web Sites for Students Accessorizing your Financial Aid Toolbox • FAFSA on the Web: www.fafsa.ed.gov • Before beginning a FAFSA • Filling Out a FAFSA • FAFSA Follow-Up

  8. Web Sites for Students Accessorizing your Financial Aid Toolbox • Federal Student Aid PIN: www.pin.ed.gov • Apply For a PIN • Check PIN Status • Request Duplicate PIN • Change My PIN • Disable My PIN

  9. Web Sites for Students Accessorizing your Financial Aid Toolbox • Student Aid on the Web: www.studentaid.ed.gov • Applying for College • My FSA • Applying for Financial Aid • Federal Student Aid Programs

  10. Web Sites for Students Accessorizing your Financial Aid Toolbox • 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

  11. Web Sites for Students Accessorizing your Financial Aid Toolbox • 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.

  12. Web Sites for Students Accessorizing your Financial Aid Toolbox • 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

  13. Web Sites for Students Accessorizing your Financial Aid Toolbox • Information for North Carolina students: www.cfnc.org • College Planning • Financial Aid Planning • Financial Literacy/ College Savings Plans • My CFNC • Career Planning

  14. Web Sites for Financial Aid Professionals NCASFAA FAA TOOLBOX NCASFAA

  15. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  16. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  17. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  18. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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

  19. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  20. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  21. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  22. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  23. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  24. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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.

  25. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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

  26. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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

  27. Web Sites for Financial Aid Professionals Accessorizing your Financial Aid Toolbox • 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

  28. 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.org • Free Scholarship Searches • www.fastweb.com • www.collegeboard.com • www.scholarships.com • www.petersons.com

  29. OTHER RESOURCES NCASFAA FAA TOOLBOX NCASFAA

  30. List Servs & E-Mail SASFAA: 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.org Create myNASFAA Account FINAID-L Discussion List: finaid-l-subscribe-request@lists.psu.edu Other List Servs - List available at: www.finaid.org/educators/maillists.phtml

  31. 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

  32. 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

  33. QUESTIONS?? Accessorizing your Financial Aid Toolbox NCASFAA FAA TOOLBOX

  34. APPENDIX A: FA ACRONYMS

  35. 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 NCASFAA FAA TOOLBOX

  36. 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

  37. 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

  38. 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

  39. 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

  40. 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

  41. 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

  42. 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

  43. 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

  44. 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

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