NASFAA was pleased to be joined by the U.S. Department of Education (ED) in Austin. Below is a listing of the sessions offered as well as "Ask a Fed" information.
The "Ask a Fed" table allowed attendees to discuss Title IV-related questions, such as policy guidance, administrative procedures, and operational requirements, with an experienced Department of Education staff member. We are making every effort to provide answers via email to questions that could not be addressed immediately at the conference.
It was a pleasure working with Department of Education (ED) staff members to offer the following sessions. For more detailed recaps, please refer to our Conference Summaries or re-watch select sessions through NASFAA Live.
8:30 - 9:30 AM
This session addressed various issues that arise when administering federal student aid for transfer students. Discussions covered transfer monitoring and demonstrated how to correctly award and disburse both Federal Pell Grants and Direct Loans in standard term credit-hour, clock-hour, and non-term credit-hour programs. Additionally, presenters provided example scenarios about what to do when a transfer student withdraws during overlapping payment periods for Federal Pell Grants and Direct Loans.
11:00 AM - 12:00 PM
The Consolidated Appropriations Act of 2017 allows students to receive Federal Pell Grant funds up to 150 percent of the student's Scheduled Pell Grant Award for an award year. This session reviewed the statutory provisions and provided case study examples of awarding year-round Pell (YRP) to students.
3:15 - 4:15 PM
This session provided an overview of recent and significant modifications to the Common Origination and Disbursement (COD) system as well as enhancements and modifications planned for later in the 2018-2019 Award Year cycle.
8:30 - 10:00 AM
Senior officials from the Department of Education (ED) presented information and updates about ED's Title IV activities and initiatives, including information about ED's regulatory efforts.
10:15 - 11:15 AM
This session provided an update on the 2018-19 Free Application for Federal Student Aid (FAFSA®), including the mobile version. Basic FAFSA® data was also shared, along with a look to the future for the FAFSA®.
11:30 AM - 12:30 PM
Direct Loan reconciliation is a catch-all term that includes cash management, monthly reconciliation, and annual program year closeout. This session briefly touched on those requirements and focused on where we see the most problems and the more common or serious misunderstandings.
3:00 - 4:00 PM
As institutions move from the Information Age to the Virtual Age, cyber threats are a certainty. It isn't a question of "if," but "when" and "how often.” This presentation discussed the threats, importance of data security, the compliance requirements, and what you can do to protect your data. Learn how your institution can avoid risks to its federal student aid information.
3:00 - 4:00 PM
A basic understanding of Return of Title IV (R2T4) principles was expected for participants in this session as it explained advanced concepts related to the R2T4 process. Additionally, the session described the treatment of modules, non-term programs, and abbreviated loan periods in R2T4 calculations.
4:15 - 5:15 PM
This session covered what financial aid administrators need to know about maintaining their schools’ eligibility and included information about recertification and other changes that could impact a school's eligibility to participate in the Title IV programs. The session also covered what information a school needs to submit for different types of eligibility applications and what events trigger the need to submit an application. Presenters explained when and how schools should report changes to maintain eligibility.
Publication Date: 5/1/2018