New Bee: Online Buzz

Tristan Lynn, Director of Financial AidAIB College of Business

Agenda

• Tools for Assisting Students–New/Perspective Student–Current Student–Graduates

• Tools for Financial Aid Administrators– Daily Job Tasks– Regulations– Training

FAFSA4Caster

• Uses– Estimate your EFC– Federal funding estimate

• Issue–Can’t play with the numbers

• Website– FAFSA4Caster

FAFSA4Caster

College Board

• Uses– Estimates EFC– Can play around with numbers better

• Issue– Not exact

• Website– College Board EFC Calculator

College Board EFC Calculator

FAFSA

• Students complete to get EFC– Can be completed Online or in paper form– Online is recommended for quickest results

• Questions while completing– Instructions are on the side of page when completing– Read Instructions (Paper Form)

• Worksheets – Don’t have all pertinent information• Website– FAFSA

FAFSA

Studentloans.gov

• Financial Awareness Counseling• Exit Counseling• Entrance Counseling• Master Promissory Note– Plus– Direct

• Website– StudentLoans.gov

Studentloans.gov

Financial Literacy

• Financial Awareness Counseling• Iowa Student Loan– Student Loan Game Plan– Return on College Investment (ROCI)

• Great Lakes Financial IQ• Iowa College Access Network (ICAN) Financial

Literacy College Series

Financial Awareness Counseling

Iowa Student Loan

Great Lakes Financial IQ

ICAN Financial Literacy College Series

Loan Forgiveness

• Loan Repayment Programs– Attorney – Federal Employee & Public Service Employee– Health Care– Teacher

• Website– Iowa College Student Aid Commission

Loan Forgiveness

Repayment Plans

• Types– Standard – Graduated– Extended – Income-Based (IBR)– Pay As You Earn– Income-Contingent– Income Sensitive

• Website– Federal Student Aid

Repayment Plans

NSLDS for Students

• National Student Loan Data Systems• Information for Students– Amount of debt• Interest and Principal

– Servicers• Contact Information

• Website– NSLDS

NSLDS for Students

NSLDS for Financial Aid Professionals

• National Student Loan Data Systems• Information for Financial Aid Professionals

– Student Information• Loans and Grant Amount• Aggregate Information

– Reports• Delinquent Borrower Report• Transfer Monitoring List

– Cohort Default Rate• Website

– NSLDS• Two Factor Authentication to Access

NSLDS for Financial Aid Professionals

FAFSA Demo

• Allows you to complete sample FAFSA• Available at the FSA Conference in

November/December• Last couple of years, not available until last minute• 2014-2015

– User Name: eddemo– Password: fafsatest

• Can’t do IRS data retrieval• Website

– FAFSA Demo Site

FAFSA Demo

Common Origination & Disbursement (COD)

• Access to a student information– Loan Information– Counseling– Master Promissory Notes– Pell Amounts– Plus Applications

• More up to date than NSLDS• Website– COD

• Two Factor Authentication to Access

Common Origination & Disbursement (COD)

Information for Financial Aid Professionals (IFAP)

• Federal Student Aid Handbook (FSA)– Application and Verification Guide

• Dear Colleague Letters• Federal Registers• Electronic Announcements• My IFAP

– Weekly Digest– Specific Financial Aid Areas

• Website– IFAP

• No Login Necessary!

Information for Financial Aid Professionals (IFAP)

National Association of Student Financial Aid Administrators (NASFAA)

• NASFAA News• Federal Updates• Research Papers• Compliance• Policies and Procedures Guide• Website– NASFAA

National Association of Student Financial Aid Administrators (NASFAA)

ListServs

• Automatic Mailing Lists– FINAID-L– FSATECH– IASFAA

• Membership Profile

– MASFAA• Membership Profile

– Software Provider– Admissions– Registrar

***Daily Synopsis***

Additional Resources

• IASFAA– State, Federal, Publication, Association, and Other Re

sources• College Board• Federal Student Aid– FSA Coach

• Inside Higher ED• Iowa College Student Aid Commission– College Aid Insider

• Many more resources available!

Colleagues

• Conferences– IASFAA– MASFAA– NASFAA– FSA

• Other Events– Drive-In Workshop– Support Staff Workshop

• Networking

Questions?