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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

slide2

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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