Caahe financial aid in changing times
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Apollo Federal Relations. CAAHE - Financial Aid in Changing Times. Bob Collins, VP Student Financial Aid Indianapolis, IN June 11, 2010. Higher Education Policy. Authorizing vs. Appropriating language Master Calendar concept Final Rules by November 1 effective July 1

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CAAHE - Financial Aid in Changing Times

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Caahe financial aid in changing times

Apollo Federal Relations

CAAHE - Financial Aid in Changing Times

Bob Collins, VP Student Financial Aid Indianapolis, IN June 11, 2010


Higher education policy

Higher Education Policy

  • Authorizing vs. Appropriating language

  • Master Calendar concept

    • Final Rules by November 1 effective July 1

  • Regional Hearings

  • Negotiated Rulemaking

  • Notice of Proposed Rulemaking comments

  • Federal Register published


Title iv student assistance

Title IV Student Assistance

  • HEOA increased Pell Authorization Level

    • $6,000 in 2009-2010

    • $8,000 in 2014-2015

  • 18-semester limit on Pell Grants

  • Health Care-Education Reconciliation Act

    • FFELP eliminated

    • Direct Loans exclusive - July 2010

    • Pell funding $5,550 in 2010-2011-2012-2013


Reporting and disclosures

Reporting and Disclosures

  • HEOA adds 110 reporting and record-keeping requirements, including:

    • Transfer of credit policy

    • Distance learner authentication

    • Campus security and student safety

    • Textbook information

    • College tuition reporting (Net Price Calc)

  • College Navigator website

    • http://nces.ed.gov/collegenavigator


Cohort default rate

Cohort Default Rate

  • Changes from a two-year to a three-year window beginning with FY2009

  • Increases minimum 3 consecutive year threshold for participating in Title IV programs from 25% to 30% for FY2012

  • Changes threshold rate from 10% to 15% for delayed delivery and single-term multiple disbursements beginning 10/1/11


Cohort default rate calculation

FY2009 CDR using Current Calculation

Borrowers entering repayment between 10/1/08 and 9/30/09 and who default on or before 9/30/10

Borrowers entering repayment between 10/1/08 and 9/30/09

FY2009 CDR using Revised Calculation

Borrowers entering repayment between 10/1/08 and 9/30/09 and who default on or before 9/30/11

Borrowers entering repayment between 10/1/08 and 9/30/09

Cohort Default Rate Calculation


On the regulatory horizon

On the Regulatory Horizon

  • Negotiated Rulemaking

    • Foreign School Issues (medical schools focus)

    • Program Integrity Issues

      • Definition of a high school diploma

      • Ability to Benefit (ATB)

      • Misrepresentation of information provided to students and prospective students

      • Incentive compensation

      • State authorization as a component of institutional eligibility


On the regulatory horizon1

On the Regulatory Horizon

  • Program Integrity Issues (cont’d)

    • Gainful employment in a recognized occupation

    • Definition of a credit hour for purposes of determining program eligibility status

    • Agreements between institutions

    • Verification of information included on student aid applications

    • Satisfactory Academic Progress

    • Retaking coursework

    • R2T4 (two issues)

    • Disbursement timelines and method


Regulation timeline

Regulation Timeline

  • NPRM to be published in coming days

    • Preamble language provides context

  • Public comment period 30-60 days

    • Public record

  • ED analysis of comments 60-90 days

    • All comments reviewed and addressed

  • Final regulation on or before November 1

    • Preamble language discusses changes

  • Final regulations effective July 1, 2011


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