Accessorizing your Financial Aid Toolbox Resources for the Novice Financial Aid Employee 1 NCASFAA FAA TOOLBOX

Accessorizing your Financial Aid Toolbox what do all those letters mean? FA Acronyms 2

 AGIAdjusted Gross Income  COACost of Attendance  EFCExpected Family Contribution  FAAFinancial Aid Administrator  IFAPInformation for Financial Aid Professionals  R2T4Return to Title IV  SAPSatisfactory Academic Progress  USCIS U.S. Citizenship and Immigration Services (previously INS)  VADepartment of Veterans Affairs FA Acronyms 3

Accessorizing your Financial Aid Toolbox A comprehensive list of financial aid acronyms is available at the end of this presentation. 4

Accessorizing your Financial Aid Toolbox  Web sites for Students  Web Site for Financial Aid Professionals  More Web Sites  Listservs and  Federal Student Aid Handbook  Regulations, Statutes, Codes, Laws, etc. Tools Up! 5

Web Sites for Students 6 NCASFAA FAA TOOLBOX

Accessorizing your Financial Aid Toolbox FAFSA on the Web:  Before beginning a FAFSA  Filling Out a FAFSA  FAFSA Follow-Up Web Sites for Students 7

Accessorizing your Financial Aid Toolbox Federal Student Aid PIN:  Apply For a PIN  Check PIN Status  Request Duplicate PIN  Change My PIN  Disable My PIN Web Sites for Students 8

Accessorizing your Financial Aid Toolbox Student Aid on the Web:  Applying for College  My FSA  Applying for Financial Aid  Federal Student Aid Programs Web Sites for Students 9

Accessorizing your Financial Aid Toolbox National Student Loan Data System:  This site displays information on Title IV loan and/or grant amounts, outstanding loan balances, loans statuses and disbursements.  Conduct Exit Counseling Web Sites for Students 10

Accessorizing your Financial Aid Toolbox FAFSA4caster:  With the FAFSA4caster, the student and his/her family receive an early estimate of eligibility for federal student aid.  Much of the information entered in the FAFSA4caster later populates the FAFSA on the Web application, making the experience of applying for federal student aid easier. Web Sites for Students 11

Accessorizing your Financial Aid Toolbox Federal Direct Student Loans:  This site is the primary source for information from the U.S. Department of Education about how students and parents can manage their federal student loans.  Sign their MPN  Complete Entrance Counseling Web Sites for Students 12

Accessorizing your Financial Aid Toolbox Information for North Carolina students:  College Planning  Financial Aid Planning  Financial Literacy/ College Savings Plans  My CFNC  Career Planning Web Sites for Students 13

Web Sites for Financial Aid Professionals 14 NCASFAA FAA TOOLBOX

Accessorizing your Financial Aid Toolbox Information for Financial Aid Professionals:  The IFAP web site consolidates guidance, resources and information related to the administration and processing of Title IV federal student aid into one online site for use by the entire financial aid community. Web Sites for Financial Aid Professionals 15

Accessorizing your Financial Aid Toolbox NSLDS for Financial Aid Professionals:  NSLDS provides a centralized, integrated view of Title IV loans and grants during their complete life cycle, from aid approval through disbursement, repayment, delinquency and closure. Web Sites for Financial Aid Professionals 16

Accessorizing your Financial Aid Toolbox FSA COACH: www2.ed.gov/offices/OSFAP/fsacoach/index. html www2.ed.gov/offices/OSFAP/fsacoach/index. html  FSA COACH is a free web-based tutorial from the U.S. Department of Education. It is a comprehensive introductory course on school requirements for administering the federal student aid programs. Web Sites for Financial Aid Professionals 17

Accessorizing your Financial Aid Toolbox FAA Access to CPS Online: faaaccess.ed.gov/FOTWWebApp/faa/faa.jsp faaaccess.ed.gov/FOTWWebApp/faa/faa.jsp  View students’ SAR information  Compare two ISIR transactions for the same student  Enter a FAFSA and/or Correct a processed FAFSA  Calculate/manage the return of Title IV funds Web Sites for Financial Aid Professionals 18

Accessorizing your Financial Aid Toolbox Common Origination and Disbursement:  Financial Aid Administrators, Servicers or other officials can use this site to perform a variety of functions related to student/award/disbursement data for Pell, Direct Loan and Campus-Based programs. Web Sites for Financial Aid Professionals 19

Accessorizing your Financial Aid Toolbox FSA Assessment:  In collaboration with financial aid professionals, Federal Student Aid has designed modules to help schools with compliance and improvement activities. The assessments contain links to applicable laws and regulations. Web Sites for Financial Aid Professionals 20

Accessorizing your Financial Aid Toolbox Student Aid Internet Gateway:  This site is the tool that allows your school to securely exchange and access data with Federal Student Aid Application Systems. Web Sites for Financial Aid Professionals 21

Accessorizing your Financial Aid Toolbox FSA Publications:  This site gives you access to ordering and downloading a wealth of free publications and application tools that explain the federal aid process and programs. Web Sites for Financial Aid Professionals 22

Accessorizing your Financial Aid Toolbox Default Prevention Resource Information: Info/index.html Info/index.html  Through this page, Federal Student Aid consolidates delinquency and default prevention resources and techniques in one location for schools. Web Sites for Financial Aid Professionals 23

Accessorizing your Financial Aid Toolbox Department of Education Training: www2.ed.gov/offices/OSFAP/training/index. html www2.ed.gov/offices/OSFAP/training/index. html  Through this page, Federal Student Aid provides information on their current and future training activities and learning resources. Web Sites for Financial Aid Professionals 24

Accessorizing your Financial Aid Toolbox Information for Financial Aid Professionals:  Downloadable Software and Manuals  Training, Workshops and Webinars  Links to SAIG, COD, and many others  Handbooks, Verifications Guides and Worksheets Web Sites for Financial Aid Professionals 25

Accessorizing your Financial Aid Toolbox Information for Financial Aid Professionals:  Downloadable Software and Manuals  Training, Workshops and Webinars  Links to SAIG, COD, and many others  Handbooks, Verifications Guides and Worksheets Web Sites for Financial Aid Professionals 26

Accessorizing your Financial Aid Toolbox Financial Aid Administrator:  State Scholarship and Grant Program Regulations  Access to Grant Application System  Review services offered to FAAs Web Sites for Financial Aid Professionals 27

More Web Sites 28  FinAid-The Smart Student Guide to Financial Aid  National College Access Network  NASFAA  SASFAA  NCASFAAwww.ncasfaa.orgwww.ncasfaa.org  U.S. Department of Education  Selective Service:  KnowHow2Go  Free Scholarship Searches    

OTHER RESOURCES 29 NCASFAA FAA TOOLBOX

List Servs & 30 SASFAA: sasfaal- NCASFAA: ncasfaal- IFAP: (IFAP, FSATECH, DIRECT LOAN) NASFAA : Create my NASFAA Account FINAID-L Discussion List: Other List Servs - List available at:

Federal Student Aid Handbook 31 A comprehensive annual guide to regulatory and administrative requirements for Title IV federal student aid programs. It is published each year and available on > Publicationswww.ifap.ed.gov Application and Verification Guide Volume 1 - Student Eligibility Volume 2 - School Eligibility and Operations Volume 3 - Calculating Awards and Packaging Volume 4 - Processing Aid and Managing Federal Student Aid Funds Volume 5 - Overawards, Overpayments, & Withdrawal Calculations Volume 6 - Campus-Based Programs What's New in the Federal Student Aid Handbook

Regulations, Statutes, Codes, Laws, etc > Laws & Regulations > Regulatory > Legislative > North Carolina Regulations

Accessorizing your Financial Aid Toolbox QUESTIONS?? 33 NCASFAA FAA TOOLBOX

APPENDIX A: FA ACRONYMS 34

FA ACRONYMS 35  ACAAdministrative Cost Allowance  ACHAutomated Clearinghouse  ACGAcademic Competitiveness Grant  AGIAdjusted Gross Income  AIAvailable Income  APRAnnual Percentage Rate  ATBAbility to Benefit  CBCampus Based NCASFAA FAA TOOLBOX

FA ACRONYMS 36  CDRCohort Default Rate  CFLCurrent Funding Level  COACost of Attendance  CCRAACollege Cost Reduction and Access Act  CODCommon Origination and Disbursement  COHCash on Hand  CPSCentral Processing System  DCSDebt Collection Services  DHSDepartment of Homeland Security  DODependency Override

FA ACRONYMS 37  DPADestination Point Administrator  DRNData Release Number  DUNSData Universal Numbering System  E-AppElectronic Application to Participate  eMPNElectronic Master Promissory Note  EDU.S. Department of Education  EDEElectronic Data Exchange  EFCExpected Family Contribution  EFTElectronic Funds Transfer

FA ACRONYMS 38  EINEmployer Identification Number  ESARElectronic Student Aid Report  FAAFinancial Aid Administrator  FAFSAFree Application for Federal Student Aid  FDLP/DLWilliam D. Ford Federal Direct Loan Program  FERPAFamily Education Rights and Privacy Act  FFELPFederal Family Education Loan Program  FISAPFiscal Operations Report and Application to Participate

FA ACRONYMS 39  FPLFederal Perkins Loan  FSAFederal Student Aid (Dept. of Ed)  FSEOGFederal Supplemental Educational Opportunity Grant Program  FWSFederal Work Study Program  FYFiscal Year  GAGuaranty Agency  GAPSGrant Administration and Payment System  HEAHigher Education Act

FA ACRONYMS 40  HPSLHealth Professions Student Loan  ICCInstitutional Capital Contribution  IFAPInformation for Student Aid Professionals  IPEDSIntegrated Postsecondary Education Data System  ISIRInstitutional Student Aid Report  JLDJob Location and Development  LEAPLeveraging Educational Assistance Partnership  LLRLender of Last Resort

FA ACRONYMS 41  MPNMaster Promissory Note  MRRMultiple Reporting Record  NASFAANational Association of Student Financial Aid Administrators  NDSLNational Direct Student Loan Program or National Defense Student Loan Program  NPRMNotice of Proposed Rule Making  NRMNegotiated Rule Making

FA ACRONYMS 42  NSLDSNational Student Loan Data System  OPE-IDOffice of Postsecondary Education Identifier  P-NotePromissory Note  PINPersonal Identification Number  PJProfessional Judgment  PLUSParent Loan for Undergraduate Students  PPAProgram Participation Agreement  QAQuality Assurance  R2T4Return to Title IV

FA ACRONYMS 43  SAIGStudent Aid Internet Gateway  SAPSatisfactory Academic Progress  SARStudent Aid Report  SPTSchool Participation Team  SSISupplemental Security Income  SSASocial Security Administration  SSNSocial Security Number  SSCRStudent Status Confirmation Report  SSSSelective Service System

FA ACRONYMS 44  SMARTNational Science and Mathematics Access to Retain Talent Grant  TANFTemporary Assistance for Needy Families  TINTax Payer Identification Number  TIVTitle IV of the HEA  USCISU.S. Citizenship and Immigration Services (previously INS)  VADepartment of Veterans Affairs  YTDYear to Date