susan swisher executive director of financial aid saint xavier university
TRANSCRIPT
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Ellucian Live - Colleague
Susan SwisherExecutive Director of Financial AidSaint Xavier University
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Agenda Ellucian Live Updates
Enhancements during the past year What is coming Staying connected
150% Subsidized Limit Reporting Discussion
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Enhancements During the Past Year FAFSA and INAS Processing ISIR Processing COD Updates
Corrected TEACH Grant awarding amount Added DFAP and DFAR
FA Enhancements IPEDS Leveraged Degree Audit data to ensure that Title IV credits
apply to courses applicable to the student’s program Added option for some reports to be exported to excel
Self Service for Financial Aid Added Title IV or FA Credits as an option for display on FCAR Added DLDV for Direct Loan Data Variance monitoring Added PEAR to identify PLUS loans with adverse credit
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What’s Coming Additional Reports modified for excel export Self Service for Financial Aid Enhancements
2.6 was the initial release which provided ability for students to view application and required documents, awards and award letters and the counselor perspective
2.7 added Shopping Sheet view, Electronic Consent, ability to skip or remove individual checklist items, loan change enhancements, award letter enhancements
2.8 added SAP enhancements, new Application Complete Date and hyperlinks associated with CMC code
2.9 will include future enhancements
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How to stay connected - https://ellucian.okta.com
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How to stay connected - https://ellucian.okta.com
Ellucian Support Center Cases Articles Documentation Change Requests
eCommunities Client Forum
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What is the 150% Subsidized Limit?• Imposes a limit on Direct Subsidized Loan eligibility
150% of published length of the educational program
• Makes borrowers who exceed the limit responsible for accruing interest
Borrower becomes responsible for accruing interest as of the date he/she exceeds 150% limit
• Institutions are required to report additional program and borrower information
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Program RequirementsFor eachprogram, PROG needs the followingInformationpopulated:
Degree CIP Code Months to
Complete
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DFAP – Define FA Academic Program Parameters
Option to enter program length in weeks, months or years
Overrides published values on PROG
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DFAR – Define Academic Program Requirements Parameters
Option to enter program length in weeks, months or years at the catalog level
Overrides published values on PROG
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Title IV Fund Program Designation (TFPD) Form
Identifies all programs that are approved as Title IV eligible
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GEPM – Gainful Employment Parameters
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Issues Encountered Invalid CIP Code Months not populated for all active programs
Inactive Program Reject 205 Less than ½ Time for originated loans Program Length
For 48 month programs, COD was calculating the program length to 10.3
For 24 month programs, COD was calculating the program length to 5.1
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Reject 205 – Payment Period Start Date is outside the Award Begin and End Dates GEN -13-13 and 150% FAQs provides guidance to
guidance to schools on how to make adjustments. Error occurs when the loan period must be adjusted
for a student who does not return for a subsequent term, borrower withdraws in the middle of the term or other legitimate reasons and the disbursement amount was changed to $0.
Ellucian and COD provided updates for this edit to their systems in Spring 2015 which reduced the frequency of occurrence.
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DLAN – Direct Loan Application for Reject 205
Loan was originated for fall and spring with a loan period of 8/25/14 – 05/08/15. Student will not return in the Spring
2ND Disbursement date is changed to the last day of the loan period2nd Disbursement Award Period is changed to the fall
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DLCI – Direct Loan COD Information
Gives you the ability to modify the calculated program for students with multiple programs or change in enrollment status
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DLDV – Direct Loan Date Variance
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Reporting
Using Informer, two reports were created to monitor 150% Subsidized Usage • The first report retrieves the student’s subsidized usage, award year, award period, program length, maximum sub eligibility and remaining sub eligibility using DLI.AWARD
• The second report identifies students where their award was canceled for a term and retrieves the award year and academic year information to ensure we have reported the information accurately using TA.ACYR and DLI.AWARD
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Questions