Administration

BEST PRACTICES FOR USING THE CORONAVIRUS INDICATOR

It seems the Coronavirus Indicator might have a bit of a “hair-trigger” because FSA recently put out a document of best practices for using the checkbox which opened with a word of caution. It read, “ Because a number of events (e.g., loan discharges, usage…

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RECENT COD SYSTEM CHANGES FOR CARES ACT

Last month the Common Origination and Disbursement (COD) System was updated to support reporting requirements for withdrawn students who qualify for a Title IV waiver under the Cares Act. COD now allows schools to select the Coronavirus Indicator on eligible disbursements for any program with…

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ACTIVE CONFIRMATION TG NUMBERS DUE DECEMBER 11

It’s time to review your school’s TG numbers. Every year, each school must review the services associated with each of its SAIG mailboxes (i.e. Destination Points and TG numbers) and Electronic Services accounts (it’s a two-step process) and validate that each user is still active…

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PARTNER ELIGIBILITY AND OVERSIGHT SERVICES DOCUMENT CENTER

We’ve got a brand-new acronym! “PEOS”. Federal Student Aid just launched the PEOS Document Center on the COD website. It stands for the Partner Eligibility and Oversight Services. PEOS. The PEOS Document Center is where schools will now upload documents related to program reviews, eligibility…

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DISTANCE EDUCATION AND INNOVATION FINAL RULES RELEASED

New Distance Learning Regulations will be published in the Federal Register soon which make some significant changes to earlier and longstanding guidance on the subject. These new regulations will take effect on July 1, 2021 but ED has earmarked them for early implementation once the…

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WHO IS EXEMPT FROM FFATA REPORTING REQUIREMENTS FOR CARES ACT FUNDS

ED INDICATES INSTITUTIONS WITHOUT SUBAWARDEES EXEMPT FROM FFATA REPORTING REQUIREMENTS FOR CARES ACT FUNDS Last Month ED published an announcement stating that schools would satisfy the quarterly reporting requirements in the CARES Act by simply reporting each month in compliance with the Federal Funding Accountability…

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OIG LAUNCHES NEW PORTAL FOR SCHOOLS TO REPORT DISTANCE EDUCATION FRAUD RINGS

The U.S. Department of Education’ s Office of the Inspector General has a new website to use for reporting suspected fraud rings in distance education programs. The new portal is encrypted and will allow institutions to submit referrals securely and electronically. To assist schools in…

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Thursday September 17 is Constitution Day

COLLEGES TO OBSERVE CONSTITUTION AND CITIZENSHIP DAY – SEPTEMBER 17TH This year Constitution Day is on Thursday, September 17. As a Title IV Eligible Institution, it is a requirement to recognize and participate in Constitution Day, on September 17th of each year. Looking for ideas…

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CAMPUS BASED REALLOCATION PROCESS AND REQUESTING SUPPLEMENTAL FEDERAL WORK-STUDY FUNDS

If you’ve got leftover funds that you won’t spend from the 2019-2020 Federal Work-Study (FWS) or Federal Supplemental Educational Opportunity Grant (FSEOG), you should complete the Campus Based Reallocation Form by August 17, 2020 so that other schools can use them. The campus-based reallocation form…

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COD IMPLEMENTS CARES ACT REPORTING AND WAIVERS FOR AID CANCELLATION

On August 2, 2020, the COD system was updated to support CARES Act reporting for students who qualify for a Title IV waiver because they withdrew due to COVID-19. The implementation of these changes will be rolled out in two phases. In the first phase,…

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