NASFAA continues to seek member input about regulations that should be recommended to the Department of Education (ED) for repeal, replacement, or modification. The initial article in this series explained the basis of this solicitation and requested input on verification. The second article sought opinions on rules related to the return of Title IV funds for withdrawn students, and on the Direct Loan Program. The third article concerned the Pell Grant and campus-based programs, and issues related to non-traditional program formats. Today we seek member views on regulations governing disclosures (including student consumer information) and reporting requirements. Appendix F to the FSA Handbook describes the various institutional disclosure and reporting requirements.
Please give your recommendations either as a comment to this article, or in an email to firstname.lastname@example.org, using the subject line "Regulatory Reform."
When submitting your recommendations, you may want to consider the following:
Reports and reporting can be an important source of data to inform public policy, but how much is enough? Other reports are generated to communicate information to ED that is needed to administer Title IV programs, such as eligibility and disbursement. Is there unnecessary duplication? Is timing appropriate and are deadlines reasonable?
There is a plethora of disclosures associated with Title IV participation, many of which are required by law. Content, timing, targeted population, and methods of distribution may all be sources of unnecessary burden. What do students and their families need to know about your institution, and is there a way to streamline that information without sacrificing transparency?
Since disclosure requirements are a tangled amalgamation of statutory, regulatory, and procedural rules, please be as specific as you can about burden improvements you'd like to see.
Publication Date: 8/7/2017