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Florida Association of Student Financial Aid Administrators

Spring 2017 WorkshopOffice of Student Financial Assistance (OSFA)

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Agenda

• Legislative Activity

• Website and Resources

• Calendar Events

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Legislative Activity

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Legislative Activity

• Session March 7 – May 5, 2017

• March 7, 2017 Regular Session convenes (Article III, section 3(b), Constitution) 12:00 noon, deadline for filing bills for introduction (Rule 3.7(1))

• April 22, 2017 All bills are immediately certified (Rule 6.8), motion to reconsider made and considered the same day (Rule 6.4(4))

• April 25, 2017 50th day—last day for regularly scheduled committee meetings (Rule 2.9(2))

• May 5, 2017 60th day—last day of Regular Session (Article III, section 3(d), Constitution)

• No bills are final until signed by the Governor

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Website and Resources

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Navigating to State Programs

• www.FloridaStudentFinancialAid.org

• Select State Grants, Scholarships & Applications

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Website Resources

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Postsecondary Menu

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Postsecondary Menu

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Training & Resources

• Webinars designed just for you!• Call Hortensia Campbell (850)245-1890

• Specific questions can be directed to a specialist

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Statutes, Rules & Reports

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Calendar Events

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Calendar Events• Term 2 Refunds/Reconciliation• Program Compliance Audit• Institutional Renewal • Bright Futures Refunds• Grade & Hours• Reconciliation

May

June

March

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Calendar Events

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Term 2 Refunds/Reconciliation• Due within 60 days after the last day of drop/add for that

term

• Reconciliation Report allows you to view your Disbursement Eligibility Report activity by year, term, program, and student

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Term 2 Refunds/Reconciliation

• The Payment Summary screen displays tracked institutional funds from the state by year, program and term

• Allows the institution to review and acknowledge the accuracy of the funds by selecting

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Payment Summary

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Payment Summary

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Program Compliance Audits

• March 31 – Audits due from private institutions

• See Memo OSFA-STATE: #15-16:01, July 1, 2015

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Institutional Renewal

• Institutions required to apply for renewal to participate in state financial aid annually

• Online application opens May 1 – Due June 8

• Most data prefilled

• Update any changes

• Private institutions provide term dates, Cost of Attendance and tuition/fees for 2017-18

• Look for memo to be sent end of April

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Bright Futures Drop/Withdrawal Funds

• Students are required to repay the Bright Futures portion of the cost of any courses dropped or withdrawn after the last day of drop/add

• Students repay the institution

• Whether the student has paid the institution, the institution is required to remit funds to OSFA within 30 days of the institution's last day of each term

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Grade & Hours Report

• Due 30 days after the end of spring term, no later than June 30

• Submit institutional undergraduate cumulative GPA and earned hours for all disbursed students for the fall and spring of the academic year

• G&H Report populated with same students you submitted on your DERs at the beginning of each term

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Final Reconciliation

• Reconciliation of all monies for the academic year due by June 1

• Same process as reconciliation for end of term

• All monies for the academic year are reconciled

• Carry-over of funds to next academic year not permitted

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Contacts

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