the abc’s of being a dfa
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The ABC’s of Being a DFA. Pam McCafferty Director of Financial Aid Fitchburg State College. Today’s Agenda. To cover the basic requirements that must be done by the Director of Financial Aid To provide resources for future reference To make you feel better about being a DFA. - PowerPoint PPT PresentationTRANSCRIPT
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The ABC’s of Being a DFA
Pam McCafferty
Director of Financial Aid
Fitchburg State College
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Today’s Agenda
To cover the basic requirements that must be done by the Director of Financial Aid
To provide resources for future reference To make you feel better about being a DFA
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Alphabet Soup
PPA ECAR E-APP FISAP ACA FCC ICC IPEDS
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PPA
Program Participation Agreement
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PPA: Why?
Required to participate in the following financial aid programs: Pell SEOG Perkins FWS Direct Loans FFEL
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PPA: What?
Agreement between the Department of Education and a School
School is agreeing to comply with the laws, regulations and policies governing FSA programs
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PPA: When?
Initial Application Recertification Reinstatement Updates
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PPA: How?
E-App (Electronic Application for Approval to Participate)
www.eligcert.ed.gov User Ids
“ED” + 8 digit OPEID Number “ED” + 9 digit Taxpayer Identification
Number
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Recertification
Notice sent to school six months prior to expiration of PPA
School submits complete application 90 days prior to expiration of PPA
School cannot continue to participate with expired PPA
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Approval
If approved, two copies of PPA sent to school
School signs both copies and returns to DOE DOE signs and returns one copy to school
along with ECAR Approval good for six years
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ECAR
Eligibility and Certification Approval Report Summary of the Approval
FSA programs Highest academic degree Locations Officers
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Updates
Ownership Address Name Phone number Officials
President, CFO, DFA
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Updates…
New Location Increase Program Level New Program Apply to participate in an additional Title IV
program
Only report for programs and locations that receive Title IV aid
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…Updates
Change in Accreditor Change in State Authorization Third Party Servicer Change in Educational Measurement
Ex: semester to clock hour
Report all updates within 10 days!
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Locations
If 50% or more of the program will be offered at that sight
Cannot disburse aid at new location until approved
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Submission
Submit online Print Signature Page Mail
Signature Page Accreditation Documentation Licensing Documentation
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As a new DFA…
Find the current PPA/ECAR Find your User ID’s Login and add yourself Check accuracy of other data and make
updates as needed
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FISAP
Fiscal Operations Report and Application to Participate
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FISAP: Why?
“The school is responsible for ensuring that eligible students receive funds according to the laws, the regulations and the PPA…”
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FISAP: What?
Fiscal Operations Report
Report what you did with last year’s funds
and…
Application to Participate
Request funds for next year
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FISAP: What?…
Campus Based Funds SEOG Perkins FWS
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FISAP: When?
Each award year Available August 1st
Submit Reallocation in August Submit by October 1st
Corrections by December 15th
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FISAP: How?
Submit online www.cbfisap.ed.gov TG# and PIN required Mail Certification
Signature Page Drug-Free Workplace, Anti-Lobbying, and
Debarment Forms
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ACA
Administrative Cost Allowance
Taken out of your annual authorization for FWS and SEOG.
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FCC
Federal Capital Contribution Perkins Loan Annual Federal Allocation May be zero
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ICC
Institutional Capital Contribution School’s matching share Required Must equal 1/3 of federal share (1/4 of
combined FCC and ICC)
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Campus Based Statement of Account
Award year specific SEOG Award FWS Award Perkins LOE
Level of Expenditure
www.cbfisap.sfa.ed.govLogin, select the Self Service tab
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As a new DFA…
Check the FISAP timeline Who is responsible for filing it? If it’s you.. Find the TG# Assign yourself as the TG Administrator
www.fsawebenroll.ed.gov
Get a PIN
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What about Pell?
Electronic Statement of Account Annual Initial Allocation = ½ of prior year’s
expenditure Increase allocation through Pell
disbursement records
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Last but not least…IPEDS
Integrated Postsecondary Education Data System
Annual Campus-wide report Financial Aid section filed April Very time consuming
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As a new DFA…
Find the IPEDS coordinator for your campus Maybe Institutional Research
Check the IPEDS timeline
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Helpful Hints
Tackle these things ASAP Give yourself plenty of time Attend MASFAA and DOE trainings Be prepared to work with other offices Set deadlines for yourself and others
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Resources
www.ifap.ed.gov www.cbfisap.sfa.ed.gov Student Handbook Ask other DFA’s
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Congratulations!
You’ve survived
The ABC’s of Being a DFA!