One of the most popular benefits of a NASFAA membership is our AskRegs service. Staffed by the financial aid experts in NASFAA's division of Professional Assessment, Training, and Regulatory Assistance (PATRA), AskRegs gives NASFAA members personal assistance with regulatory or compliance questions. Many questions require research and/or consultation with the Department of Education. Applicable statutory or regulatory citations as well as other Department of Education guidance references are provided with our answers. Here's a recent question that AskRegs staff fielded:

Question:If the school is primarily a graduate/professional school but has a few undergraduate programs in which students enroll essentially as third-year transfer students, does the school have to have a net price calculator?

Answer: No. If an institution does not enroll any first-time, full time (FTFT) students, it is not required to have a net price calculator.

If you have a regulatory question for NASFAA, submit your questions to AskRegs. When researching answers, NASFAA does not share identifiable institutional information with the Department unless authorized by the school. AskRegs responses represent NASFAA's understanding and while NASFAA believes that this response is accurate and factual, it has not been reviewed or approved by the U.S. Department of Education (ED). If you should need written confirmation for audit or program review purposes, please contact your ED Secretary's Regional Representative (SRR) or ED School Participation Team representative for additional guidance in this regard.

Posted 11/05/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.