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NYSOBBA Novice Training 102 Workshop. Monday, June 9, 2014 2014 NYSOBBA Conference Albany, NY.

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Nysobba novice training 102 workshop

NYSOBBA Novice Training 102 Workshop

Monday, June 9, 2014

2014 NYSOBBA Conference

Albany, NY


NYS Residency Requirementswww. suny.edu/sunypp/documents.cfm?doc id=402Changes to International Students’ Requirements & BenefitsI.C.E. – immigration and Customs Enforcement S.E.V.I.S. – Student & Exchange Visitor Information SystemVA benefitsContinuing Changes – go to Session Mondayat 3:30


Regulations
Regulations!

  • Quick history – how do we get there?

    • Negotiated Rule-Making

  • Changes – importance of staying informed

  • What’s available and where

    • www.ifap.ed.gov/ifap/index.jsp

    • (Information for Financial Aid Professionals)


Title iv
Title IV

  • LOTS of regulations

    • Again – see IFAP

  • Refund process – our most angst

  • Cash management

  • Direct Lending

    • Several sessions here – take advantage of them!

  • Now add TILA

  • Regulation Z


Privacy and safe guards
Privacy and Safe Guards

  • FERPA

    • Family Education Rights and Privacy Act

  • GLBA

    • Graham-Leach Bliley Act

      • Privacy Safeguards

  • PCI

    • Payment Card Industry Compliance

  • Red Flag rules

    • School by school – what raises your eyebrows?

  • Reg Z


Record keeping
Record Keeping

  • NYS archives rule

    • www.archives.nysed.gov/a/records/mr_retention

  • Feds – FA – three years after graduation

    • Problem for us > five and seven years

  • Perkins a few different rules?

  • Your own school retention policies

  • A Word to the Wise : Do Not Save Anything Any Longer Than You Have To – Avoid A Lot of Issues! (Right from our Counsel)


Irs issues
IRS Issues

  • IRS Education Credits

    • Fewer available, and less in amount

    • Hope and Life Time Learning

  • Taxpayer Relief Act Services

    • Updated every year

  • 1098T issues – who is responsible for these on your campus?

  • IRS Education-Related Adjustments

    • Was tuition paid with tax-free funds? No double benefit

  • Another word to the wise:

    • Do NOT Answer Tax Questions


Facing the auditors
Facing the Auditors

  • Common SFA requirements

  • Campus-based programs

  • Internal

  • External audits

    • FEDS

    • TAP


Extra resources
Extra Resources

  • Blue Book, the bottom line

  • Academic glossary – handout

  • Useful Financial Terms

  • More definitions

  • Handout –

    • Questions and answers

    • Glossary of academic terms

    • Financial terms

    • Acronyms

    • Helpful links


Questions
Questions?

  • You will never find a more helpful and generous group of people to work with, than your colleagues in NYSOBBA – at any time, pop into the listserv and ASK.

  • There is a wealth of information available – there is always at least one person who can help – usually more!

  • Thank you all – Enjoy the Conference!


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