All FP Meeting 8/1/2018

Federal Student Loan Interest Rates (On or after 7/1/2018 and before 7/1/2019)

Housekeeping – Catch Up – July 13, 2018

Fair Game: Use the FAIR GAME list when you have openings. We had over 200 assigned students last mod who did not end up moving forward beyond the FAFSA.

Verifiable items: FCF is not required for items the verification worksheet or IRS docs address.

Student Resources: SHARC now has short videos that give the students (and staff) a very quick overview and “how to” when it comes to starting classes at IU. Please take a look at them: https://online-shc.com/arc/newstuvideos/

Dependent verification: if we have a dependent student that did not file taxes, we do NOT need proof of non-filing for the student – V1

Filing status: Single filing Joint but NOT selected we do not need to question. See attachment..

Dependents other than children: if ISIR lists dependents other than children and this is not accurate, but they are selected for verification, we do not need a FCF to fix. The Verification worksheet shows the relationships, we can remove DOC with VWS. See attachment..

For those student with a 0 EFC – SEOG $100 will now need to be added into the PCE. All in AY1, no match, just $100.

File Submission: In order to provide some clarification on what a file can be pending in order to submit it to audit, we have put together a list for you to reference.  We don’t want to hang on to files any longer than necessary, as the audit may provide us with early notification of needed corrections.  Let’s get files submitted fast and wrapped up as quickly as possible, to provide our students with the best experience we can. Here is a list of what can be submitted for audit: Pending fully signed EA Pending Background Check (MSIA) Pending EAC Pending ISEP (with picture of it) Pending Auto Pay Pending POG Pending Master’s Approval from Registrar Pending ISIR Corrections – if selected Pending RT Acceptance for RTIA

All FAA call: Your voices have been heard & we will be kicking off our 1^st all FA call on 8/1/18. These calls will be held every Wednesday week 2 of each MOD. These calls will be providing any and all updates – CFA, DOE, Compliance, etc. This also means that you will no longer need to attend the CFA calls on weeks 1 & 3. On these FA calls we want everyone to speak up, ask your questions, voice your opinions, and seek clarification. One of the main benefits of having an all FA call is to ensure we’re all operating in the same manner while continuing to increase our students satisfaction. This call is required, please make sure to block the time on your calendars.

Reallocating funds: The PCE now prints the extra funds on the right side when you reallocate funds.  

August 24, 2017

• Enrollment Restrictions – Make sure you are checking the enrollment restrictions for each state on DL 492R (see attached). There are certain states that require action on our part to make sure the student is packaged correctly. Make sure you are taking necessary actions to ensure we get the required documents and attach them as an EA attachment. For the restrictions on # of students enrolled, we need to obtain approval from the registrar.
• Packaging Deadlines:  All files must be submitted for the initial audit by 5:00pm on Thursday, August 31^st.  All resubmissions for 2^nd audits and pending items must be completed by 11:00am on Friday, September 1^st.
• CampusVue Activities:  The new report we will be using for performance metrics does require that activities are added to CV.  Most of the team is doing a great job getting these activities added in real time, but there are still some gaps.  Please pull this report every morning and make sure the CV records are fully updated.  Once this is perfected, we can eliminate the need for daily reports.

August 8, 2017

• PLUS Application – No need for a PLUS application if we have proof that the parent cannot take out the loan (on a fixed income).  CFA must approve it, so the necessary paperwork would need to be submitted and approved for additional unsub loans.

June 28, 2017

• Copies of ID and SSC – Per Ryan Perry, photocopies of SSC and IDs are acceptable.  If it is V4 or V5, we cannot accept a photocopy of the ID.  If we have a C Code or SSA mismatch, we cannot accept a photocopy of the SSC.

June 14, 2017

• SEOG – All SEOG will be in AY1 from this MOD forward.  We no longer have 16-17 Pell.
• Verification Codes for 17-18 – We only have V1, V4, and V5.  SNAP and child support are no longer verifiable items.
• Awards in CVue – Leave the awards as “Estimated”, do not put “Approved”.  CFA will change it once the file has been quality checked.