Institutions are responsible for conveying financial aid funds to their Title-IV eligible students in accordance with very detailed regulations and for establishing accounting and recordkeeping systems that ensure proper handling of federal funds. Disbursement is, in a sense, the culmination of the various aspects of determining student eligibility.
Related topics in this Index: Cash Management; Recordkeeping; Verification
Search or browse the Knowledgebase for answers to regulatory and compliance questions submitted by financial aid administrators.
The Compliance Engine is comprised of two modules: the Self-Evaluation Checklists which allows administrators to evaluate their programs in a centralized, shared online space, and the P&P Builder, a tool designed to assist institutions in the creation and maintenance of a policies and procedures manual. Along with an online space to update and maintain policies and procedures, the P&P Builder includes legislation and regulation associated with compliance with Title IV requirements.
See Authorizations regarding disbursement institutions must obtain to offer optional services and Third-Party Servicers
See top list entry for Cash Management