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FinAid – Ever changing and ALWAYS challenging.

If you would like to inquire about one of our services, please submit an FA Solutions contact form or contact us directly at the email addresses below. In the meantime, please visit our website and take a look at our school partner testimonials. Thank you!
Rob Wright,  rwright@getfasolutions.com
Pam Notemyer Rogers, pnotemyer@getfasolutions.com


IMPORTANT DATES: (Please note that deadlines are always subject to change as determined by the Department of Education.)

02/05/18 – Deadline to request a waiver of the 2018–19 Award Year penalty of FWS and FSEOG for the underuse of 2016–17 Award Year funds. (Please review the related update below.)


Important note From FA Solutions: Because our newsletter updates are excerpts from the original electronic announcements obtained through the the Information for Financial Aid Professionals (IFAP) website, please review the original update in its entirety by clicking links to the original posting included with each update. As a reminder, we are unable to post all Federal updates and deadlines in this newsletter. Therefore, schools and organizations are strongly encouraged to review additional information on the IFAP website to stay current on various financial aid topics — especially deadlines.


Access Removed for Unconfirmed TG Numbers (SAIG Mailboxes) and Electronic Services User Accounts:  Every organization enrolled for a Student Aid Internet Gateway (SAIG) account was required to review and validate its assigned TG numbers and Electronic Services user accounts by December 15, 2017. Federal Student Aid has removed access to enrolled services for accounts that were not actively confirmed. To restore access, your organization’s Primary Destination Point Administrator (Primary DPA) must perform the account validation process. For additional information, please review the December 27, 2017 electronic announcement.

Reminder – February 5, 2018 Deadline for 2018-19 Underuse Penalty Waiver for the Campus-Based Programs: In accordance with sections 413D(d)(2) and 442(d)(2) of the Higher Education Act of 1965 as amended (HEA), if a school returns more than 10 percent of its Federal Supplemental Educational Opportunity Grant (FSEOG) or Federal Work-Study (FWS) allocations in a given award year, the allocation for the second succeeding award year is reduced by the dollar amount returned unless the Secretary waives this provision. The deadline to request a waiver of the 2018–19 Award Year penalty of FWS and FSEOG for the underuse of 2016–17 Award Year funds is February 5, 2018. For additional information, please review the January 3, 2017 electronic announcement.

eCampus-Based Transition #2 – Campus-Based Process Transition Timeline December 2017 – March 2018: Federal Student Aid will begin the transition of business processes for the Campus-Based programs to the Common Origination and Disbursement (COD) System in spring 2018. Information about the expected transition timeline, which includes the current eCB System being closed to schools on February 6, 2018, is available in the December 21, 2017 electronic announcement.

William D. Ford Federal Direct Loan Program Reconciliation: Federal Student Aid has made available specific information to assist schools with reconciling the William D. Ford Federal Direct Loan (Direct Loan) Program. The information should be viewed by both the Financial Aid Office and Business Office. Direct Loan Reconciliation is a mandatory monthly process.  A school should reconcile all cash (Drawdowns and Refunds of Cash) and disbursement records (Actual Disbursements and Adjustments) with information in the COD System on an ongoing basis. For additional information, including an important attachment with Questions & Answers, please review the December 21, 2017 electronic announcement.

G-845 Forms Returned to Schools Due to Closed Cases in the Systematic Alien Verification Entitlement (SAVE) System: Federal Student Aid has learned that the U.S. Department of Homeland Security (DHS) U.S. Citizenship and Immigration Service (USCIS) SAVE field office in Los Angeles is returning Forms G-845 to schools because the case is prematurely closed in the SAVE system. G-845 forms are returned when a noncitizen applicant completes the Free Application for Federal Student Aid (FAFSA) form, fails the primary and secondary DHS matches, and does not submit immigration document(s) to the school within nine months. For guidance on how to resolve this issue, please review the December 21, 2017 electronic announcement.

Designation as a Title III or Title V Institution and Waiver Requests of the Non-Federal Share Requirement for the Campus-Based Programs for the 2018-19 Award Year: Information is now available regarding the designation of Title III or Title V status for institutions and the resulting waiver of the non-Federal share requirements for the Federal Work-Study and Federal Supplemental Education Opportunity Grant programs. Please review the December 20, 2017, electronic announcement for additional details.

Tentative 2018-19 Funding Levels for the Campus-Based Programs: Tentative funding levels and corresponding worksheets for the Campus-Based programs for the 2018–19 Award Year (July 1, 2018 through June 30, 2019) will be posted to the eCampus-Based (eCB) website by January 8, 2018. As of December 20 2017, appropriations for the 2018–19 Campus-Based programs had not been determined. Thus, Federal Student Aid has based the 2018–19 Award Year Campus-Based tentative award funding levels on the amounts contained in the 2017–18 Award Year appropriations. The 2018–19 Final Award allocations may be delayed or revised depending upon the outcome of the appropriations process. For additional information, please review the December 20, 2017 electronic announcement, which includes two important attachments.

Reminder – Keep School Contact Information Current in the COD System: Schools and third party servicers are reminded that contact information in the COD System must be kept current. Contact information is extremely important for Federal Student Aid (FSA) to be able to reach the right people at the school, particularly about program-specific issues. The e-mail addresses for the President, Financial Aid Administrator, Pell Grant Financial Aid Officer, and Direct Loan Financial Aid Officer are used to deliver time sensitive materials and critical COD processing information to the school. Having current contact information for the Pell Grant Financial Aid Officer and Direct Loan Financial Aid Officer is most critical for a school that is an additional location to a main campus. The information allows FSA to contact those officers directly at the additional location rather than needing to contact the main campus.


FA Solutions Services:  There’s more to review below, but if you’re interested in learning more about FA Solutions’ services, please take a moment to reach out to us.  Ask us about our third-party financial aid processing, interim staffingfinancial aid processing supportand Student Experience Center. You can connect with us through our contact form, instant chat or contact us directly:

Rob Wright – (813) 435-6227, rwright@getfasolutions.com
Pam Notemyer Rogers, pnotemyer@getfasolutions.com


Federal Student Aid Presentation Slides: Presentation slides are now available for the Post Secondary Institution Data Security Requirements and How to use the Institution of Higher Education (IHE) Compliance Framework (IHECF) webinar conducted on November 14, 2017. Please see the December 21, 2017 electronic announcement to access the slides.

Webinar Recording Posted – Postsecondary Institution Data Security Requirements and How to Use the Institution of Higher Education (IHE) Compliance Framework (IHECF): A virtual training session about how schools can leverage the new IHECF tool is now available. For additional information, please review the December 22, 2017 electronic announcement.

2018-2019 Application and Verification Guide: This guide can be accessed via the January 3, 2017 electronic announcement or from the Information for Financial Aid Professionals (IFAP) website.


INFORMATION PAGES FOR SCHOOLS TO MONITOR WEEKLY: The list below represents just a few of the information pages available on the IFAP website. Please review the organization’s website for additional guidance, resources, deadlines, and information related to the administration and processing of Title IV federal student aid.

Thank you for taking the time to review our newsletter!

Rob Wright

Disclaimer of Liability: Every effort is made to provide accurate and complete information in FA Solutions’ newsletters. However, FA Solutions makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletters and expressly disclaims liability for errors and omissions in the contents of its newsletters. Although FA Solutions may include links providing direct access to other Internet resources, including Websites, FA Solutions is not responsible for the accuracy or content of information contained in these sites.

 

 

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