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Published byKerry Cooper Modified over 9 years ago
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Federal Student Aid Assessments Holly Langer-Evans and Michael Cagle
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Session Objectives The new Federal Student Aid Assessments How the Assessments can assist with financial aid operations, audits and program reviews How to navigate the Assessments How a school can use the Assessments to resolve Title IV deficiencies and improve its policies and procedures manual A Team Building Tool To Demonstrate:
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What are the Federal Student Aid Assessments Prevent non-compliance Identify compliance issues Establish management enhancements to correct problems Tools to:
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Why use the Federal Student Aid Assessments? Ensure compliance Prepare for an Audit Prepare for a program review Correct deficiencies and to ensure findings do not recur Develop or update policies and procedures manual Train new staff
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IFAP http://ifap.ed.gov Where to find the Federal Student Aid Assessments
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School Portal http://Federal Student Aid4schools.ed.gov Where to find the Federal Student Aid Assessments
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The Redesign of the Assessments HERA New Look and Feel Introduce the New Policy and Procedure Assessment
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The Federal Student Aid Assessments – Re-Design
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Why would you use the Federal Student Aid Assessments?
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Policies & Procedures Assessment Policies and Procedures At A Glance Minimum Requirements Regulations Activities
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Potential Audit Findings 1.Satisfactory Academic Progress Policy Not Adequately Developed / Impaired Administrative Capability 2.Verification Incomplete 3.Title IV Accounts Not Reconciled
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Finding 1: SAP Policy Not Adequately Developed / Impaired Administrative Capability Review SAP Assessment – Students Policies and Procedures Assessment SAP At a Glance Activity 1 and Activity 2 http://ifap.ed.gov Learn to Navigate the Assessments Instructor Demonstration
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Finding 1: SAP Policy Not Adequately Developed / Impaired Administrative Capability File Review Activities SAP Activity 1: SAP Not Met File Review Worksheet SAP Activity 2: SAP Met File Review WorksheetSAP Activity 1: SAP Not Met File Review Worksheet SAP Activity 2: SAP Met File Review Worksheet
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Learn to Navigate the Assessments Instructor Demonstration Finding: 2 – Verification Incomplete Review Verification Assessment - Students Policies and Procedures Activity 4: Resolving Conflicting Data Activity 5: Professional Judgment Verification Comparison Charts http://ifap.ed.gov
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Learn to Navigate the Assessments Instructor Demonstration Finding: 3 – Title IV Accounts Not Reconciled Select Managing Funds – Fiscal Management Select Activity 1 – Reconciliation Worksheets Review Year End and Monthly Worksheet http://ifap.ed.gov
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Management Enhancement Identify compliance issues Assign the issue for correction Design a Corrective Action Plan An Action Plan To:
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Effective Practices Innovation – Effective Practices Opportunity to review a successful practice reported by one of your colleagues Opportunity to report a successful practice to the Department.
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Importance of Team Building “It’s a fact that people working as a team can achieve better results than individuals working alone.”
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Team Activity When I say go, list 10 body parts that have only 3 letters in them. You can’t use slang.
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Answer Key LipJaw Hip Rib GumLeg EarArm EyeToe
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Use the Team Building Tool www.teambuildinginc.com http://www.teambuildinginc.com
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Summary If we can find it – so can you Use the Assessments to fix problems before they are identified through an audit or a program review Team Approach to the assessments is critical Use the Management Enhancement as a corrective action plan and track progress
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Questions
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