1. NASFAA’s Credential Training The Campus-Based Programs Janette Rozell Assistant Director of Financial Aid & Compliance Georgia Gwinett College GASFAA Winter Workshop February 24, 2017

2. Lesson 1: Campus-Based Common Provisions

3. Campus-Based Common Provisions
Federal programs administered by schools
All three programs share certain common provisions
FSEOG
FWS
Perkins Loan

4. Application Process Schools apply to the U.S. Department of Education
Participation
E-App
Federal Funds
FISAP

5. Matching Requirements
Schools match a portion of the federal allocation

6. Matching Requirements
Schools match a portion of the federal allocation
Exceptions

7. Transfer of Funds Between Programs
Schools may transfer campus-based funds
Up to 25% of Perkins Loan FCC
Perkins Loan
FWS
FSEOG
Work-Colleges Program

8. Transfer of Funds Between Programs
Schools may transfer campus-based funds
Up to 25% of FWS total allocation
Perkins Loan
FWS
FSEOG
Work-Colleges Program

9. Transfer of Funds Between Programs
Schools may transfer campus-based funds
Up to 25% of FSEOG total allocation, but only to FWS
Perkins Loan
FWS
FSEOG
Work-Colleges Program

10. Independent and Part-Time Students
If an allocation is based on their financial need, a reasonable portion must be available to these students
No minimum enrollment requirement

12. Carry-Forward Option
Schools may carry forward up to 10% of current allocation for:
FWS
FSEOG
Funds must be spent first and matched using next year’s funds

13. Carry-Back Option
Schools may carry back up to 10% of current allocation for:
FWS
FSEOG
Summer options
Funds must be matched

14. Administrative Cost Allowance
Running a Community Service FWS Program
Training FWS tutors
Complying with consumer information requirements
Payment of staff salaries
Office equipment and supplies
Travel, such as for training

15. Underutilization of Allocation
Schools must reallocate unspent funds
Returning more than 10% of an allocation will affect future allocations
Waiver of the penalty may be requested

17. Lesson 2: The Federal Supplemental Educational Opportunity Grant Program

18. FSEOG Student Eligibility
Meet general eligibility criteria
Demonstrate financial need
Pursuit of first baccalaureate degree
Award may be prorated if less than full time
Cost of attendance (COA)
– Expected family contribution (EFC)
= Financial Need

19. FSEOG Award Amounts Awarded for one year at a time
Minimum: $100
Maximum: $4,000
School determines award amounts
Maximum of $4,400 during study abroad

20. FSEOG Selection Groups
First group: Second group:
EFC
Pell LEU exceeded prior to first payment period

22. Lesson 3: Federal Work-Study

23. FWS Student Eligibility
Meet general eligibility criteria
Demonstrate financial need
Undergraduate and graduate students
No minimum or maximum award amount
School determines award amounts
School may use its allocation in several ways

24. Eligible Employment On campus or off campus employers
May need to include work:
In the public interest
Related to student’s educational program
Not involving solicitation of other potential students

25. Eligible Employment Federal, state and local employment laws apply
Cannot displace regular employees
May need off-campus employment agreement

27. Payments to Students Students must be paid for time worked
At least federal minimum wage
At least monthly
Undergraduate
Hourly
Graduate
Hourly or Salary

28. Payments to Students Schools may use various payment methods
Nonfederal share may be in noncash contributions
Federal share cannot pay fringe benefits or employer share of mandatory payments
Students may be exempt from:
Withholdings
FICA taxes
Disaster-affected students may be paid FWS

29. Community Service Requirement
Must spend at least 7% of FWS allocation for work of benefit to community
Must employ at least one reading tutor
School returns unspent portion of 7% requirement
Waiver may be requested

30. Community Service Requirement
Must be services designed to improve quality of life or solve problems for community members
On-campus CS positions must be open to the public
Encouraged to include jobs promoting civic education and disaster preparedness
Must inform FWS students about CS jobs
May pay for travel time to/from CS jobs

32. Lesson 4: The Federal Perkins Loan Program

33. Loan Types Name changed over time National Defense Student Loan
National Direct Student Loan
7/1/72
7/1/87
11/1/04
Federal Perkins Loan

34. Program Status Authorized through 9/30/15
Continue disbursing 2015–16 loans first disbursed before 10/1/15
No loans for 2015–16 to new borrowers after 9/30/15
May offer new loans after 9/30/15 to prior borrowers (borrowed in 2014–15 or earlier)
At least one disbursement on or before 6/30/15
Enrolled at same school
Enrolled in same program
Awarded entire Direct Subsidized loan eligibility first

35. Student Eligibility Meet general eligibility criteria
Demonstrate financial need
Priority given to exceptional need
Undergraduate and graduate students
Willingness to repay
Prior total and permanent disability discharge of Title IV or TEACH Grant may affect eligibility

36. Perkins Loan Award Amounts
Awarded for one year at a time
Loan limits may be exceeded by up to 20% for study abroad students
Annual Limit
Aggregate Limit
Undergraduate
$5,500
$27,500*
Graduate
$8,000
$60,000**
* Students in first or second year of a program cannot exceed $11,000.
** Includes all undergraduate borrowing.

38. Master Promissory Note
Legal contract obligating student to repay
Must use Perkins MPN approved by the ED
Paper
eMPN
Single-year or multi-year option
Multi-year MPN expires

39. Disclosures and Counseling
Pre-disbursement disclosures, in writing
Exit counseling, in person or electronically
Before student ceases half-time enrollment, graduates or leaves school
Within 30 days of learning student left or did not complete exit counseling
Collect borrower information
Repayment disclosures, in writing

41. Perkins Loan Repayment
Grace period
Initial
Post-deferment
Repayment period and payment amounts
Deferment
Forbearance

42. Perkins Loan Repayment
Cancellation
Discharge
Death
Total and Permanent Disability
Default
Rehabilitation