Central Financial Aid Unit May 18, 2018

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Presentation transcript:

Central Financial Aid Unit May 18, 2018 5/18/2017 financial aid Program eligibility requirements Central Financial Aid Unit May 18, 2018

Discussion Topics Four Types of Title IV Eligible Programs 5/18/2017 Discussion Topics Four Types of Title IV Eligible Programs Minimum Program Requirements Programs Subject to Gainful Employment SOC Code Resource FA Crash Course The intent of this presentation is to help you understand program eligibility requirements for financial aid purposes. Basic FA knowledge for develop/modification of programs It will help us clean up programs

Basic Types of Eligible Programs 5/18/2017 Basic Types of Eligible Programs The following types of programs are Title IV-eligible: a program that leads to an associate, bachelor’s, professional, or graduate degree, a program of at least one academic year in duration that leads to a certificate or other non-degree recognized credential and prepares students for “gainful employment” in a recognized occupation, a certificate or diploma training program that is less than one year (if the school also meets the definition of a postsecondary vocational institution, There are four (4) different categories a program can fall into We will go through each one First three are pretty simple the last one is a little more complex 1) Two years > 60 units 2) One year > 24 units; leads to gainful employment 3) Less than one year > 16 units; leads to gainful employment, meets vocational institution definition (see slide #4).

Basic Types of Eligible Programs cont. 5/18/2017 Basic Types of Eligible Programs cont. a transfer program of at least two academic years in duration that does not award a credential and is acceptable for full credit toward a bachelor’s degree, Note: that a non-degree program at a public or private nonprofit institution is subject to the rules for a “gainful employment program” See Gainful Employment Electronic Announcement #53 for a discussion of what constitutes a GE program. Source 2017-18 FSA Handbook (pg. 2-20): (https://ifap.ed.gov/fsahandbook/attachments/1718FSAHbkVol2Master.pdf) Major Component (Liberal Arts) Add IGETC/CSU GE to plan stack Academic Plans E, T, SW, V = Currently have IGETC programs marked as FA Eligible

Vocational Institution Definition & Minimum Program Requirements 5/18/2017 Vocational Institution Definition & Minimum Program Requirements State Approval Accrediting Agency Approval At least 16 Units 15 Weeks Must Lead to Gainful Employment CIP Code Source 2017-18 FSA Handbook (pg. 2-21 & 2-23): (https://ifap.ed.gov/fsahandbook/attachments/1718FSAHbkVol2Master.pdf) For 3rd bullet point on slide #3

PROGRAMS LEADING TO GAINFUL EMPLOYMENT 5/18/2017 PROGRAMS LEADING TO GAINFUL EMPLOYMENT To be eligible for Title IV funding, an educational program at a postsecondary school must lead to a degree—associate, bachelor’s, graduate, or professional degree from a public or non-profit institution— or prepare students for “gainful employment in a recognized occupation.” We refer to the latter as “gainful employment programs” or “GE programs” for short. They include non-degree programs offered by public and private nonprofit institutions and almost all academic programs offered by proprietary institutions; see below for details. They are subject to the Department’s regulations on disclosures. Source 2017-18 FSA Handbook (pg2-22): (https://ifap.ed.gov/fsahandbook/attachments/1718FSAHbkVol2Master.pdf) Similar to slides 2-3 just worded differently.

PROGRAMS LEADING TO GAINFUL EMPLOYMENT cont. 5/18/2017 PROGRAMS LEADING TO GAINFUL EMPLOYMENT cont. Recognized Occupation 34 CFR 600.2 All non-degree programs must prepare students in that program for gainful employment in a specific recognized occupation. A recognized occupation is one that is: identified by a Standard Occupational Classification (SOC) code established by the Office of Management and Budget or an Occupational Information Network O*NET–SOC code established by the Department of Labor and available at O*NET OnLine at (www.onetonline.org) or its successor site, or considered by ED, in consultation with the Department of Labor, to be a recognized occupation. SOC Codes for GE purposes

Questions? 5/18/2017 Recap: Four types of eligible programs Who can tell me what they are? Minimum program requirements? Are Basic Skills T4 eligible? What programs are subject to Gainful Employment? Non-degree that are T4 eligible (IGETC and CSU GE are not because they are not T4 eligible)