Marcia Fediw, Pam Gilligan, and Patrick Kennedy | Dec. 2014

U.S. Department of Education

2014 FSA Training Conference for Financial Aid Professionals

Orientation to the FSA Training Conference and Foreign Schools Staff

Session 50

Agenda

• Welcome and Introductions• Suggested Sessions of Interest• Resource Center Information• Multi-Regional and Foreign School Participation

Division• U.S. Department of Education (ED) Structure and Roles• Institution Participation Data• Key Functions of Multi-regional and Foreign School

Participation Division

2

Suggested Sessions of Interest

• General Sessions – Building A, Exhibit Hall A3• Open Forums – Building A• Foreign Schools Track

• Sessions 50-56 – Building A, Room A305

• Basics Track• Session 2 - Basics of Student Eligibility• Session 3 - Basics of Satisfactory Academic Progress• Session 7 - Basics of R2T4 Using Credit-Hour Calendar

3

Suggested Sessions of Interest

• NSLDS Sessions• Session 22 - NSLDS® Update• Session 23 - NSLDS® Enrollment Reporting

• Hands-On Sessions – Building B, Level 4 (B401/B402)• Session 47 - Hands-On NSLDS®• Session 48 - Hands-On COD

• FSA ID Session• Session 57 - Introducing the FSA ID – The FSA PIN

Replacement

4

Suggested Sessions of Interest

• Direct Loan Sessions – Buildings A & B, Levels 3 & 4• Session 15 - Loan Counseling Tools• Session 17 - Federal Loan Servicing Update• Session 18 - Title IV Reconciliation: Agreement,

Accountability, and Action• Session 19 - Direct Loan Processing: Making COD Work

for You• Session 20 - PLUS Processing A to Z• Session 27 - 150% – A Life Cycle View

5

Resource Center Stations

• Ask-a-Fed for Foreign Schools• Staff at this desk is best equipped to respond to questions

from foreign schools regarding general Title IV topics

• E-App and School Eligibility• Institutions use the Electronic Application for Approval to

Participate in the Federal Student Financial Aid Programs (E-App) to apply for initial participation, recertification, and to report any updates to the institution’s current information

6

Resource Center Stations

• Common Origination and Disbursement (COD) System• Conference attendees will receive individualized attention

from COD staff who will address their federal loan processing and reconciliation questions and concerns

• National Student Loan Data System (NSLDS®)• NSLDS experts will offer one-on-one assistance for

questions regarding NSLDS’ 150% loan eligibility data or our latest enhancements to enrollment reporting and gainful employment

7

Resource Center Stations

• SAIG Enrollment, EDExpress, & FAA Access to CPS Online• Student Aid Internet Gateway enrollment specialists can

assist with questions concerning your SAIG Enrollment (current enrollment status, how to modify or add new services, or perform yearly Active Confirmation). The EDE Suite of Software will be featured along with demonstrations of our Central Processing System (CPS) Web products

8

Resource Center Stations

• Federal Loan Servicers• Bring your servicing-related questions to the Resource

Center where representatives from our federal loan servicing team will be available to assist you

• Challenge and Appeal Cohort Default Rates• Staff at this table can answer your questions about the

process and timing of challenges and appeals to your cohort default rates

9

Resource Center Stations• ISIR Analysis Tool, Experimental Sites Initiative

Data Collection Instrument, and FSA Assessments• Federal Student Aid staff will be on hand to demonstrate

and answer questions about all three applications

• Default Management Plans• Conference attendees will receive individualized attention

from default prevention staff who will assist with questions about default plan development and strategies

10

U.S. Department of Education

11

• http://www2.ed.gov/about/offices/or/index.html

Federal Student Aid

12

An OFFICE of the U.S. DEPARTMENT of EDUCATION

•Chief Operating Officer (James Runcie) appointed by President of the United States

Foreign School Participation Data• Participating Institutions

• Domestic 5729• Foreign 399

• 2012–13 Award Year Funding• Domestic $137 Billion• Foreign $1 Billion

• Foreign Funding by School Type• For-Profit 57%• Non-Profit 14%• Public 29%

13

Foreign School Participation Data

• 399 Institutions• 38 Countries• 23,296 Students • $1 Billion

annually• Foreign CDRs

(Sector rates)• FY2011 (3-yr): 3.8%• FY2010 (3-yr): 4.6%• FY2009 (3-yr): 7.3%

14

Funding by Academic Program – 2014Academic Program of Study Direct Loan Disbursement Amount Not Reported 682,347,651.00$ Medical Program Reported 126,058,727.00$ Veterinary Program Reported 38,815,942.00$ Nursing Program Reported 10,250.00$ All Other Programs Reported 274,189,661.00$ Grand Total 1,121,422,231.00$

15

Institutional and Program Eligibility

• Eligibility Applications (eligcert.ed.gov)• Primary Application Types:

• Initial Certification• Recertification • Reinstatement• Eligibility Only• Voluntary Withdrawal• Updates• Mergers• Change in Ownership

16

Institutional and Program Eligibility

• Legal Authorization & Degree Granting Authority• Academic Catalog, Programs & Locations, Partnerships• School Policies

• Admissions• Refund Policy• SAP• R2T4

• Special requirements for Medical, Veterinary, and Nursing Programs

• Outcome Documents

17

Audited Financial Statements

Title IV Funds Received During

Fiscal Year

Public & Private Non-Profit For-Profit

Home Country GAAP

U.S. GAAP & GAGAS

Home Country GAAP &

U.S. GAAP & GAGAS

$10,000,000 +Required annually, in English

Required annually, in English

Required annually, in English

$9,999,999- $3,000,000

Required annually, in English

Required annually, in English, may omit for 2 consecutive years after U.S. GAAP & GAGAS audit

$2,999,999- $500,000

Required annually, in English

Not Required

Less than $500,000Not required, except during Initial Certification

Not Required

NOTE: If a foreign institution has a financial condition or financial reporting problem, the Secretary may require the foreign institution to submit audited financial statements in a manner specified by the Secretary.

18

Compliance AuditsTitle IV Funds

Received During Most Recent Fiscal Year

Public & Private Non-Profit For-Profit

$500,000 + Standard Compliance Audit Submit Annually

Standard Compliance

Audit

Submit Annually

Less than $500,000

Alternative Compliance Audit Submit Annually

Alternative Compliance Auditmay cover up to 3 fiscal years IF

• Receive < $500,000 in most recent FY period• Fully Certified• Has submitted timely acceptable compliance audits for two consecutive years and has no history of late submissions since then• Notified by ED

NOTE: If a foreign institution has an administrative capability or compliance reporting problem, the Secretary may require the compliance audit to be performed at a higher level of engagement, and may require a compliance audit to be submitted annually.

19

Method of Payment

• “Method of Payment” refers to the way an institution receives Title IV, HEA program funds• Advanced Payment• Heightened Cash Monitoring 1 (HCM1)• Heightened Cash Monitoring 2 (HCM2)/ Reimbursement

• HCM1, HCM2, and Reimbursement used to mitigate risk and protect the federal interest in Title IV, HEA funds

• The Secretary of Education has the sole discretion to determine the method under which Title IV, HEA program funds are provided to an institution

20

Program Review

• ED employees conduct on-site or off-site program reviews• May be narrowly focused on a particular issue or set of issues

or have a general scope• Expanded file study may be required• School has opportunity to respond to Program Review Report• ED considers response in Final Program Review Determination• Liabilities, if any, not punitive. May appeal

21

Other Activities

• SAIG enrollment verification process• Coordinating new school onboarding (Federal Loan School

Support Team)• Electronic Announcements and updates to Foreign Schools

Information Page on ifap.ed.gov • International Schools Page on StudentAid.gov• Data, data analysis and consultation with policy-makers,

auditors, and others (e.g. NCFMEA, OPE, OIG, GAO)• Consulting in projects to modernize FSA computer systems

22

Technical Assistance

• Institutional Assistance Services

• Self-Paced Online Tools• Foreign Schools Assessments• FSA Coach for Foreign Schools

• One-on-One Assistance

• Referral to Subject Matter Experts in the Division

23

Contacting Us

• E-mail: FSA.Foreign.Schools.Team@ed.gov• Phone: 202-377-3168• Fax: 202-377-3486• Mail:

U.S. Department of Education

Multi-regional and Foreign School Participation Division

Union Center Plaza, 7th Floor

830 First Street, NE

Washington DC, 20202 (20002 if overnight/courier)

24

QUESTIONS?

25