Cash Management
NASFAA's Professional Credentials provide financial aid administrators and professionals in related fields the opportunity to earn tangible recognition for mastery of content pertaining to federal Title IV aid administration. To earn this credential, candidates need to know the rules and procedures a participating institution must follow to request, maintain, authorize, disburse, deliver, use, and return Title IV funds. Candidates need to know how to maintain Title IV funds held by the school, manage excess cash, and handle Title IV credit balances, as well as the notifications to provide and the authorizations to collect. Holding this credential demonstrates the ability—through effective cash management—to effectively administer the Title IV programs, and to minimize the costs and risks of the programs for students, schools, and taxpayers.
Earning Criteria
Recipients must complete the earning criteria to earn this badge.
General Requirements
Financial aid professionals can qualify to sit for a test in at least one of the following ways:
- Complete an independent study on specific topics using a Self-Study Guide
- Take an instructor-led NASFAA U Online Course
- Demonstrate five or more years of well-rounded professional experience
- Attend a NASFAA U Authorized Event that uses the approved NASFAA curriculum
Assessment
The range of topics in this test include:
- General Concepts of Cash Management
- Requesting and Managing Title IV Funds
- Disbursing Title IV Funds
- Notifications and Authorizations
Tests may include questions pertaining to a variety of program structures, such as credit- or clock-hour, term or nonterm, standard or nonstandard term, undergraduate or graduate/professional programs, and programs of various length (shorter than one year, two-year, four-year, certificate, etc.).
NASFAA Professional Credentials do not expire; however, credentialed professionals may renew each credential. NASFAA recommends renewing credentials every three years, barring any major regulatory changes. Renewal is not mandatory.
Learn more about NASFAA's Professional Credentials.
