Student financial aid programs integrity accountability responsibility
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Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY. Presented By. California Association of Student Financial Aid Administrators CASFAA California Community Colleges Student Financial Aid Administrators Association CCCSFAAA California Lenders for Education CLFE.

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Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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Student financial aid programs integrity accountability responsibility

Student Financial Aid ProgramsINTEGRITY, ACCOUNTABILITY & RESPONSIBILITY


Presented by

Presented By

California Association of Student Financial Aid Administrators CASFAA

California Community Colleges Student Financial Aid Administrators Association CCCSFAAA

California Lenders for Education CLFE


Integrity accountability responsibility

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Federal funds administered for students in the State of California $5.3 billion annually


Integrity accountability responsibility1

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

State funds administered for students in the State of California approaches $1 billion annually


Integrity accountability responsibility2

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

In addition, California institutions also administer institutional and private scholarships (merit only) $6.4 billion


Integrity accountability responsibility3

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Verification Overview

Verification of student & parent information required on at least 30% of all FAFSA filed


Integrity accountability responsibility4

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

In addition, if conflicting information exists, institutions routinely select additional applications for verification


Integrity accountability responsibility5

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Components of Required Verification


Integrity accountability responsibility6

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

CSAC has historically “piggybacked” on federal verification requirements


Integrity accountability responsibility7

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

IRS Federal Tax Return

  • Student

  • Student’s spouse, if applicable

  • Parent(s)


Integrity accountability responsibility8

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Department of Homeland Security

  • Citizenship


Integrity accountability responsibility9

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Social Security Administration

  • Citizenship

  • Change of Name


Integrity accountability responsibility10

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Independent Living Program

  • Foster Youth Certification

  • Dependency Status


Integrity accountability responsibility11

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Department of Social Services

  • Untaxed Income & Benefits


Integrity accountability responsibility12

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Employment Development Department

  • Unemployment Benefits


Integrity accountability responsibility13

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Veterans’ Administration

  • DD 214 (Discharge)

  • Verify Veterans’ Benefits, Eligibility & Amount


Integrity accountability responsibility14

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Selective Service Administration

  • Verify Selective Service Registration


Integrity accountability responsibility15

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

County Recorder’s Office

  • Birth Certificate

  • Marriage Certificate

  • Death Certificate


Integrity accountability responsibility16

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Program/Fund Administrator

  • Verification of Assets


Integrity accountability responsibility17

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Accountant

  • Verification of Income & Assets

  • Copy of 1040 Federal Tax Return, including all schedules and W-2’s


Integrity accountability responsibility18

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

NSLDS

(National Student Loan Data System)

  • No Prior Loan Default

  • No Grant Repayment Owed


Integrity accountability responsibility19

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Accountability

Annual Audit Submission

  • Required by Federal Regulation

  • Samples Title IV Recipients


Integrity accountability responsibility20

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Annual Audit

  • Business Practices

  • Segregation of Duties

  • Financial Aid/Business Office Relationship


Integrity accountability responsibility21

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Annual Audit

  • Cash Management


Integrity accountability responsibility22

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Federal Audits

  • Paid by Institutions

  • Federal Auditor


Integrity accountability responsibility23

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

State Audits

  • CSAC Audits

  • EdFund Audits

  • Other Guarantee Agency Audits


Integrity accountability responsibility24

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

More Audits

  • Veterans’ Administration Audits

  • Office of Inspector General Audits


Integrity accountability responsibility25

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

And More Audits

  • Private Scholarship Foundation Audits

  • WICHE & Other State Agency Audits


Integrity accountability responsibility26

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Still More Audits

  • NCAA Audits

  • Institutional Audits


Audit audit audit

Audit, Audit, Audit…


Integrity accountability responsibility27

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

We constantly, and consistently, prove that we are “good stewards of public funds”


Integrity accountability responsibility28

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

The Program Review


Integrity accountability responsibility29

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

After Integrity and Accountability Comes

Responsibility


Integrity accountability responsibility30

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Responsibility to…

  • First to serve our students

  • Second to serve our institutions


Integrity accountability responsibility31

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

We have already proven our responsibility to the federal and state governments through integrity & accountability of our programs


Integrity accountability responsibility32

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Responsibility to…

  • Assist students with FAFSA completion

  • Counsel to help with emergencies

  • Counsel to help with dependency problems


Integrity accountability responsibility33

INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Responsibility to…

  • Counsel students with loan problems

  • Counsel students with debt problems

  • Encourage students to file for non-need based scholarships

  • Advise students who had “base” year income, but quit work to attend college


Verification federal student eligibility state of california confirmation

VERIFICATION Federal Student Eligibility & State of California CONFIRMATION


State of california confirmation requirements

State of California CONFIRMATION Requirements


State of california confirmation requirements1

State of California CONFIRMATION Requirements


Disbursement reconciliation

Disbursement/Reconciliation


Disbursement reconciliation1

Disbursement/Reconciliation


Disbursement reconciliation2

Disbursement/Reconciliation


Agencies the student must contact to obtain documentation

Agencies The Student Must Contact To Obtain Documentation

AgencyPurpose

Department of Homeland SecurityCitizenship

Social Security AdministrationCitizenship, Change of Name

High SchoolGPA, Academic Competitiveness Grant

Independent Living ProgramFoster Youth Certification, Dependency Status

Welfare DepartmentUntaxed Income Confirmation

Employment Development DeptUnemployment Benefits

Internal Revenue ServiceTax Return


Agencies the student must contact to obtain documentation1

Agencies The Student Must Contact To Obtain Documentation

AgencyPurpose

Veteran’s AdministrationDD214 (Discharge)

Selective Service AdministrationSelective Service Registration

County Recorder OfficeBirth, Death or Marriage Certificate

Program/Fund AdministratorVerification of Assets

AccountantVerification of Income & Assets, Copy of 1040

Prior CollegesAcademic Transcripts


Impact on students

Impact on Students

Student Verification Process Visual


Student verification process after completing the fafsa

Student Verification Process AFTER Completing the FAFSA


Student financial aid programs integrity accountability responsibility

The End


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