1 INTERNATIONAL BUSINESS COLLEGE'S ADMINISTRATION OF TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS FINAL AUDIT REPORT Control Number: ED-OIG/A06-A0003 March 2001 Our mission is to promote the efficient and effective use of taxpayer dollars in support of American education. U.S Department of Education Office of Inspector General Dallas, Texas
2 NOTICE Statements that management practices need improvement, as well as other conclusions and recommendations in this report, represent the opinions of the Office of Inspector General. Determination of corrective action to be taken will be made by the appropriate Department of Education officials. In accordance with the Freedom of Information Act (5 U.S.C. 552), reports issued by the Office of Inspector General are available, if requested, to members of the press and general public to the extent information contained therein is not subject to exemptions in the Act.
4 TABLE OF CONTENTS EXECUTIVE SUMMARY...1 AUDIT RESULTS...2 VERIFICATION NOT COMPLETED FOR ALL SELECTED STUDENTS... 2 Verification Requirements... 2 Required Verification Not Completed... 4 DIRECT UNSUBSIDIZED LOANS DISBURSED FOR DEPENDENT STUDENTS WITHOUT DOCUMENTATION OF EXCEPTIONAL CIRCUMSTANCES... 5 Eligibility for Direct Unsubsidized Loans... 5 Exceptional Circumstances Not Documented...6 TITLE IV FUNDS DISBURSED FOR OTHER INELIGIBLE STUDENTS... 6 Student Eligibility Requirements... 6 Students Did Not Meet Eligibility Requirements... 7 RECOMMENDATIONS...7 IBC'S COMMENTS TO THE DRAFT REPORT...7 OIG'S RESPONSE TO IBC'S COMMENTS...8 BACKGROUND...9 OBJECTIVE, SCOPE AND METHODOLOGY...9 STATEMENT ON MANAGEMENT CONTROLS APPENDIX
5 EXECUTIVE SUMMARY International Business College (IBC), a proprietary school headquartered in Lubbock, Texas, did not adequately administer the Title IV student financial assistance programs. IBC inappropriately disbursed: (1) $368,825 in Title IV funds for 146 of 363 students, who were required to verify information on their financial aid applications, without documenting that the required verifications were completed; (2) $74,385 in William D. Ford Federal Direct Unsubsidized Loan Program (Direct Unsubsidized Loan) funds for 32 of 49 dependent students without documenting the exceptional circumstances that precluded the students parents from obtaining Federal PLUS Loans; and (3) $17,825 for two students who did not have a high school diploma, a General Education Development (GED) certificate or did not pass an independently administered test, and one student who already had a baccalaureate degree. In total, IBC inappropriately disbursed $461,035 in Title IV funds from July 1, 1998 through June 30, We recommend that the Chief Operating Officer for Student Financial Assistance require IBC to: 1. Return to the Department $201,996 in Federal Pell Grant funds, $7,500 in Federal Supplemental Educational Opportunity Grants (FSEOG), and $159,329 in Federal Direct Subsidized Loan funds disbursed for students for whom verification was not completed. 2. Return to the Department $74,385 in Direct Unsubsidized Loans disbursed for dependent students for whom the required documentation of exceptional circumstances was not obtained. 3. Return to the Department $8,763 in Federal Pell Grant funds and $9,062 in Federal Direct Loans disbursed for the three ineligible students. 4. Strengthen its management controls to ensure all school staff follow the requirements for completing the verification process, documenting the eligibility of dependent students for Direct Unsubsidized Loans, and determining the eligibility of students for Title IV aid. IBC did not agree with our findings and recommendations. IBC submitted additional documentation with its response to our draft report. We determined that the additional documentation submitted by IBC for our verification finding was unreliable. We have not changed our conclusions for the verification finding. With regard to our finding of IBC not documenting exceptional circumstances for dependent students, we reduced the amount of Direct Unsubsidized Loan funds that IBC should return to the Department by $4,823 to $74,385. We have paraphrased the school s response and provided additional OIG comments after the Recommendations section of this report. A copy of the school s response is included as an Appendix to this report. Copies of the exhibits that were included with the response are available on request.
6 Control Number: ED-OIG/A06-A0003 Page 2 AUDIT RESULTS International Business College (IBC) did not adequately administer the Title IV student financial assistance programs. IBC inappropriately disbursed $461,035 in Title IV funds from July 1, 1998 through June 30, $368,825 for students for whom verification was not completed, $74,385 in Direct Unsubsidized Loan funds for dependent students without documentation that their parents would likely be precluded by exceptional circumstances from borrowing from the Federal PLUS Program, and $17,825 for other ineligible students. VERIFICATION NOT COMPLETED FOR ALL SELECTED STUDENTS IBC disbursed $368,825 in Title IV funds from July 1, 1998 through June 30, 1999, for 146 students without documenting that the students completed the required verification of their Title IV application data. Verification ensures that student application information and eligibility determinations are correct. In order for verification to be complete, institutions must obtain documentation from students to verify five major data elements. If students chosen for verification do not provide the requested documentation, the students forfeit their Federal Pell Grant for the award year. Further, institutions must not disburse Federal Stafford Loans and Federal Direct Subsidized Loans for students who have not completed the required verification. Verification Requirements Verification of information submitted by applicants for Title IV assistance is governed by the Higher Education Act (HEA) of 1965, as amended, and Subpart E of Title 34, Code of Federal Regulations, Section 668 (34 CFR 668). Applicants must submit information on income, family size, and other data to the Central Processing System (CPS). The CPS uses the information to determine each applicant s expected family contribution (EFC) and Title IV eligibility. To ensure the information is correct, the CPS selects certain applications for verification based on edits specified by the Secretary. Title 34 CFR calls for institutions to require each applicant selected for verification to complete the verification process, except no institution is required to verify more than 30 percent of its total number of applicants. An application the school chooses to verify on its own does not count toward the 30 percent threshold. If the total number selected is less than 30 percent of the institution s total applicants, the institution must verify all selected applicants.
7 Control Number: ED-OIG/A06-A0003 Page 3 Title 34 CFR requires institutions to verify five major data elements reported by students on their financial aid applications: Adjusted gross income U.S. income tax paid Household size Number enrolled in college Certain untaxed income/benefits Except for the Federal Stafford Loan Program and Federal Direct Subsidized Loan Program, an institution is allowed to make an interim disbursement before verification is completed as long as the institution has no reason to believe the application information is inaccurate. If an institution makes an interim disbursement prior to the student completing the verification process, the institution is liable for the disbursement if the student fails to verify his or her application information. Title 34 CFR provides that the institution must require the applicants to submit the verification documents before a specified deadline. The deadline for completing the award year verification process was August 31, For the Federal Pell Grant program, the institution has completed verification when the student has corrected the data or the institution has determined that the application data were correct. The institution must document the verification and have on file the final and valid federal output document showing the student s official EFC. If an applicant does not complete verification, the applicant forfeits the Federal Pell Grant for the award year and the institution must repay to the Department any funds disbursed. For the Federal Work-Study, FSEOG, Federal Stafford Loan Program, and Federal Direct Subsidized Loan Program, the institution has completed verification when the applicant has submitted all requested documentation to the institution. The school must also have on file an output document that shows the student s application data was processed through the CPS at least once. If an applicant fails to provide the requested documentation, the institution must not: disburse additional FSEOG funds to the applicant (funds already disbursed must be repaid by the institution), certify a Federal Stafford Loan application or originate a Federal Direct Subsidized Loan, or deliver Federal Stafford Loan or Federal Direct Subsidized Loan proceeds to the applicant. When an institution disburses a Federal Pell Grant, it must report the disbursement and the student s verification status to the Department. According to the Department s Verification Guide, proper reporting shows that the verification procedures have been followed and allows the Department to gather information on the effectiveness of the verification requirements.
8 Control Number: ED-OIG/A06-A0003 Page 4 The administrative capability standards in 34 CFR also require institutions to have a system to identify and resolve discrepancies in the information that the institution receives from different sources with respect to a student s application for financial aid. Specifically, 34 CFR (f) states: In determining whether the institution s system is adequate, the Secretary considers whether the institution obtains and reviews- (1) All student aid applications [and] (2) Any documents, including any copies of State and Federal income tax returns, that are normally collected by the institution to verify information received from the student or other sources. Required Verification Not Completed IBC was required to verify application data for 363 students (25 percent of its total applicants) who were selected for verification for award year (July 1, 1998 through June 30, 1999). We reviewed the files for all 363 students and found that IBC could not document that 146 students completed the verification process. In addition, IBC did not report the correct verification status code to the Department for 141 of the 146 students. The 146 students included: 34 students for whom there was no evidence of verification. The students files did not contain a Federal income tax return or any other documentation that showed IBC verified the required data elements. IBC reported the students had completed verification and that application data for 32 of the students was accurate. IBC correctly reported that it had not completed verification for the remaining two students, but it did not return the Title IV funds disbursed to them. 80 students for whom there was evidence that some but not all of the required application data were verified. The students files contained some but not all of the documentation needed to verify household size, number in college, certain untaxed income/benefits, adjusted gross income, and federal income taxes paid. IBC reported that it had completed verification and that application data submitted for 78 students was accurate. IBC correctly reported that it had not completed verification for the remaining two students, but it did not return the Title IV funds disbursed to them. 32 students for whom the verification process identified a discrepancy that should have been corrected. IBC collected the required verification documents (for example, income tax returns), but did not make the needed corrections to the students application data or obtain final and valid Federal output documents for the students that had the correct official EFC. For example, a student s Institutional Student Information Record (the Federal output document) showed $30,000 in family income, while the student s tax return showed an adjusted gross income of $88,471. The student s file did not contain any explanation for the
9 Control Number: ED-OIG/A06-A0003 Page 5 difference in income. IBC did not require the student to report the correct income to the CPS and inappropriately disbursed $8,977 in Title IV aid for the student. IBC reported that it had completed the verification and that application data for 31 students was accurate. IBC correctly reported that it had not completed verification for the remaining student, but it did not return the Title IV funds disbursed to the student. IBC inappropriately disbursed $368,825 in Title IV funds for the 146 students during the award year. IBC had adequate written procedures for verifying application data that its financial aid directors were required to follow. IBC officials could not explain why the procedures were not followed. DIRECT UNSUBSIDIZED LOANS DISBURSED FOR DEPENDENT STUDENTS WITHOUT DOCUMENTATION OF EXCEPTIONAL CIRCUMSTANCES IBC disbursed $74,385 in ineligible Direct Unsubsidized Loans to dependent students without documentation that their parents would likely have been precluded by exceptional circumstances from borrowing from the Federal Direct PLUS or Federal Family Education Loan PLUS (Federal PLUS) programs. The $74,385 represents the amount of Direct Unsubsidized Loans in excess of the students eligible loan amount. Eligibility for Direct Unsubsidized Loans Title 34 CFR (c)(1)(ii) states: "In order for a dependent undergraduate student to receive this additional loan amount the financial aid administrator must determine that the student s parent likely will be precluded by exceptional circumstances from borrowing under the Federal Direct PLUS Program or the Federal PLUS Program and the student s family is otherwise unable to provide the student s expected family contribution. The financial aid administrator shall document the determination in the school s file." Exceptional circumstances are defined as circumstances that: "[ i]nclude but are not limited to circumstances in which the student s parent receives only public assistance or disability benefits, the parent is incarcerated, the parent has an adverse credit history, or the parent s whereabouts are unknown. A parent s refusal to borrow a Federal PLUS Loan or Direct PLUS Loan does not constitute exceptional circumstances. (34 CFR (c)(1)(iii))
10 Control Number: ED-OIG/A06-A0003 Page 6 Exceptional Circumstances Not Documented IBC disbursed Direct Unsubsidized Loans to 32 dependent students without documentation of exceptional circumstances. We reviewed files for all 49 dependent students who received Direct Unsubsidized Loans for award year and determined that IBC inappropriately disbursed $74,385 in Direct Unsubsidized Loan funds for the 32 students. The institution s independent auditor also reported this problem in its compliance attestation examination of IBC s administration of the Title IV programs for the year ended June 30, The auditor reported that all 11 dependent students tested obtained Direct Unsubsidized Loans and that the institution was unaware that the students parents were eligible for Federal Direct PLUS Loans. At that time, IBC agreed to correct the problem. We found other instances that demonstrated IBC was aware of the requirement that only dependent students with exceptional circumstances were eligible for Direct Unsubsidized Loans. For example, IBC would certify a Direct Unsubsidized Loan for a dependent student and a Federal Direct PLUS Loan for the student s parents. Then when the Federal Direct PLUS Loan was received, the school would refund the Direct Unsubsidized Loan. Although IBC was aware of the Direct Unsubsidized Loan requirements, the school continued to disburse the loans to dependent students without documenting exceptional circumstances. IBC officials stated that during the award year, the institution used only Federal Direct PLUS Loans and under that system only parent borrowers (not the school) were notified that Federal Direct PLUS Loans were denied. IBC officials stated that the school had stopped using Federal Direct PLUS Loans and had begun using Federal PLUS Loans. IBC s Federal PLUS Loan lender sends denial letters to both the parent borrower and the institution. TITLE IV FUNDS DISBURSED FOR OTHER INELIGIBLE STUDENTS IBC disbursed $17,825 in Title IV funds for three students who were not eligible for the aid. Student Eligibility Requirements Title 34 CFR states: "A student is eligible to receive Title IV, HEA program assistance if the student (c)(1) For purposes of the Federal Pell Grant and FSEOG programs, does not have a baccalaureate or first professional degree; and (e)(1) Has a high school diploma or its recognized equivalent; (2) Has obtained a passing score specified by the Secretary on an independently administered test."
11 Control Number: ED-OIG/A06-A0003 Page 7 Students Did Not Meet Eligibility Requirements IBC disbursed $14,825 in Title IV funds for two students who did not have a high school diploma, a GED certificate and who did not pass an ability-to-benefit test. Documents in the students files from a Texas State agency showed the students failed the GED test and the files contained no evidence of an ability-to-benefit test or scores. IBC also disbursed $3,000 in Federal Pell Grant funds to a student who was ineligible for the funds because the student had a Bachelor of Science degree. The institution provided no explanation for the inappropriate disbursements of Title IV funds for these three ineligible students. RECOMMENDATIONS We recommend that the Chief Operating Officer for Student Financial Assistance require IBC to: 1. Return to the Department $201,996 in Federal Pell Grant, $7,500 in FSEOG, and $159,329 in Federal Direct Subsidized Loan funds disbursed for students for whom verification was not completed. 2. Return to the Department $74,385 in Federal Direct Unsubsidized Loans disbursed for dependent students without documentation of exceptional circumstances. 3. Return to the Department $8,763 in Federal Pell Grant funds and $9,062 in Federal Direct Loans disbursed for ineligible students. 4. Strengthen its management controls to ensure all school staff follow the requirements for completing the verification process, documenting the eligibility of dependent students for Federal Direct Unsubsidized Loans, and determining the eligibility of students for Title IV aid. IBC S COMMENTS TO THE DRAFT REPORT IBC disagreed with most of our conclusions and recommendations. A copy of the letter from IBC is included as an Appendix to this report. Exhibits that were included with the letter are available on request. IBC has not had an opportunity to review 14 students identified in the audit results section of the report. IBC contended that it had reviewed verification documents for 66 of the 132 students and concluded that there was no change in the information originally submitted by these students.
12 Control Number: ED-OIG/A06-A0003 Page 8 For the other 66 students that were reviewed by IBC, the school stated that for nine of the students, IBC strongly believes the information was previously in the student s files and that the information, once obtained, will [sic] cause any changes to be made in the EFC or eligibility. It is anticipated that the missing income tax information will be received from IRS within the next two weeks. For the remaining students the school stated that it, [h]as completed verification and obtained additional information on 57 students. In a few cases, IBC found that the students were not eligible and that all Title IV funds should be returned. Based on its review of the verification documents for 132 students, IBC agreed that it should return $47,075 to the Title IV programs for 36 students. Concerning the Direct Unsubsidized Loans disbursed to students without documentation of exceptional circumstances, IBC agreed with our determinations for 12 of 23 students and disagreed with our determination for the remaining 11. Based on its review of the 23 students, IBC calculated a liability of $20,667. IBC has not had an opportunity to review the remaining 11 students discussed in the Audit Results section of the report. Regarding the three students that did not meet eligibility requirements, IBC is still attempting to collect information evidencing eligibility based on ability to benefit from the test publisher for two students. OIG'S RESPONSE TO IBC'S COMMENTS We reviewed IBC s statement that verification was now complete for 123 of the 132 students identified in IBC s response. With respect to the first group of 66 students, IBC stated that it had completed verification and that all required information had been verified, and no changes in student awards were required. For 50 of these 66 students, IBC submitted copies of the same incomplete documentation we examined on site. For the remaining 57 students, IBC stated that verification had been completed and that additional information obtained for 21 of the students resulted in no required changes to either a student s EFC or Title IV award. IBC agreed to changes and liabilities with respect to 36 students in this group. We reviewed the additional documentation submitted by IBC for these 57 students. Based on our review, we concluded that the additional documentation submitted by IBC was unreliable. None of the documentation submitted by IBC established that IBC had completed verification in a timely manner as required. Therefore, we have not altered our finding that IBC improperly disbursed aid without verification, and continue to recommend that IBC return $368,825 in Title IV funds disbursed for students who did not timely complete the verification process. IBC agreed that some students inappropriately received a Direct Unsubsidized Loan. Additionally, IBC was able to provide PLUS Loan denial letters on the parents of two students and we reduced our questioned costs by $4,823. Even though IBC agreed with our
13 Control Number: ED-OIG/A06-A0003 Page 9 determinations on 12 students, it did not necessarily agree to refund the amounts that we identified. For example, we believe IBC should return $7,230 to the Direct Loan account for one of the students. IBC agreed with the finding but only agreed to a liability of $4,992. We recommend that IBC return to the Department $74,385 in Direct Unsubsidized Loans. We have not changed our conclusions on the three ineligible students and we continue to recommend that IBC return $17,825 in Title IV funds disbursed for the three ineligible students. IBC did not respond to our recommendation that it strengthen its management controls to ensure all staff follow the requirements for completing the verification process, documenting the eligibility of dependent students for Direct Unsubsidized Loans, and determining the eligibility of students for Title IV aid. BACKGROUND The IBC campus in Lubbock, Texas, was opened in April 1984 as a branch of International Business College, Inc., El Paso, Texas. The Lubbock campus became freestanding in December 1987 while under the ownership of International Business College, Inc. Ownership was transferred in July 1989 to International Business College, Lubbock, Inc. Between May 1990 and October 1998, International Business College, Lubbock, Inc., opened four branch campuses located in Sherman, Denton, Midland, and McKinney, Texas. IBC received initial approval to participate in Title IV programs on July 31, The Accrediting Council for Independent Colleges and Schools accredits the school. Among the vocational programs offered by the institution are legal assistant, court reporting, legal secretary, administrative assistant, medical office specialist, computerized accounting specialist, computerized office specialist, and network operations technician. From July 1, 1998 through June 30, 1999, IBC disbursed approximately $4.8 million of Federal Pell Grant, FSEOG, Federal Work-Study, and Federal Direct Loan funds. OBJECTIVE, SCOPE AND METHODOLOGY The objective of our audit was to determine if IBC administered the Title IV student financial assistance programs in accordance with the HEA and implementing regulations. We reviewed (1) institutional and program eligibility and (2) selected administrative and compliance requirements including student eligibility, the verification process, Title IV disbursements and refunds.
14 Control Number: ED-OIG/A06-A0003 Page 10 To accomplish our objective, we obtained background information about the school. We reviewed IBC s records for 50 randomly selected students from the universe of 1,480 students who received Title IV aid from July 1, 1998 through June 30, Based on our review of IBC s records for the 50 randomly selected students, we expanded our review to include all 363 students who were selected for verification and all 49 dependent students who received Direct Unsubsidized Loans. We obtained and reviewed data from the Department s National Student Loan Data System (NSLDS), Payment Management System, and Grants Administration and Payment System. We tested the reliability of computerized ledger cards by verifying selected data with other sources such as canceled checks, other student records, and data obtained from NSLDS. We concluded that the computerized information was sufficiently reliable for the purposes of our audit. We reviewed IBC s fiscal years 1997 and 1998 compliance audit reports. We also conducted interviews with IBC officials. Our audit covered the institution s administration of the Title IV programs from July 1, 1998 through June 30, We performed fieldwork from November 29, 1999 through March 2, 2000, at IBC campuses in Lubbock, Midland, Denton, Sherman, and McKinney, Texas. From October through December 2000, we performed our analysis of verification and other documents provided by the school in response to our draft report. Our audit was performed in accordance with generally accepted government auditing standards appropriate to the scope of the review described above. STATEMENT ON MANAGEMENT CONTROLS As part of our review, we assessed IBC s management control structure, as well as its policies, procedures, and practices applicable to the scope of the audit. We assessed the level of control risk for determining the nature, extent, and timing of our substantive tests. For the purposes of this report, we assessed and classified the significant management controls into the following categories: Institutional eligibility Student eligibility Title IV disbursements Calculation and payment of refunds Recording and accounting for Title IV funds Due to inherent limitations, a study and evaluation made for the limited purposes described above would not necessarily disclose all material weaknesses in the control structure. However, our assessment disclosed weaknesses related to student eligibility determinations and Title IV disbursements. These weaknesses are discussed in the AUDIT RESULTS section of this report.
18 DISTRIBUTION SCHEDULE Control Number: ED-OIG/A06-A0003 Copies Auditee 1 Mr. Kirk Williams, President International Business College Action Official 1 Greg Woods, Chief Operating Officer Student Financial Assistance Department of Education ROB-3, Room th and D Streets, SW Washington, DC Other ED Offices Chief of Staff, Office of the Secretary 1 Director, Budget Service, Office of the Under Secretary 1 General Manager for Schools, Student Financial Assistance 1 Chief Financial Officer, Student Financial Assistance 1 Director, Case Management & Oversight, Schools, Student Financial Assistance 1 Area Case Director, Dallas Case Management Team, Case Management & Oversight, Schools, Student Financial Assistance 1 General Counsel, Office of the General Counsel 1 Office of Inspector General Others Inspector General 1 Deputy Inspector General 1 Assistant Inspector General for Investigation 1 Assistant Inspector General for Audit 1 Deputy Assistant Inspector General for Audit 1 Director, Student Financial Assistance 1 Regional Audit Offices 6 Dallas Audit Office 6 Texas Guaranteed Student Loan Corporation 1 Texas Workforce Commission 1
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$Step-by-Step Guide to Financial Aid $ What types of financial aid are available? The most common types of federal student aid include grants, government loans and federal work study. Federal student aid
Application Process FINANCIAL AID The University of Texas of the Permian Basin encourages students who wish to attend the university and who do not have the financial resources available to pay the cost
Student Eligibility CHAPTER 1 A school must ensure that each recipient meets the eligibility requirements for the Federal Pell Grant Program. In this chapter, we discuss Pell-specific eligibility requirements.
Understanding Your Offer of Financial Aid 2015-2016 Understanding Your Offer of Financial Aid Along with your financial aid award, we are pleased to provide this guide to understanding your award as well
Federal Direct Loan Terms and Conditions GOVERNING LAW The terms of this Master Promissory Note (MPN) will be interpreted in accordance with the Higher Education Act of 1965, as amended (the HEA) (20 U.S.C.
2015-2016 ABCs of Financial Aid 1 What s Inside General Eligibility Requirements for Federal Financial Aid...2 Dependency Status...2 Applying for Financial Aid and the Need Analysis Process...3 Need Analysis
Financial Aid Glossary Ability-to-Benefit Academic Year Accreditation Accrue Award Letter Borrower Capitalized Consolidation Cost of Attendance (COA) Default One of the criteria used to establish student
FEDERAL AID @ TULSA TECH / Q&A What Federal Aid is Available @ Tulsa Tech? Tulsa Tech offers the following federal (Title IV) and state need-based aid to those who complete the Free Application for Federal
Audit of Controls over Government Travel Cards FINAL AUDIT REPORT ED-OIG/A19-B0010 March 2002 Our mission is to promote the efficiency, effectiveness, and integrity of the Department s programs and operations.
Terms and Conditions of Title IV, HEA Loans Under applicable state law, except as preempted by federal law, you may have certain borrower rights, remedies, and defenses in addition to those stated in the
A Guide to Your Financial Aid Award >>> 2012 2013 Contents 1 3 Important Information for All Students Who to Contact How Your Award Was Determined How to Accept Your Award 3 5 How to Determine Your Bill
2013-2014 National University Guide to Financial Aid 1 1 3 5 5 N O R T H T O R R E Y P I N E S R O A D, L A J O L L A, C A 9 2 0 3 7-1 0 1 3 Planning ahead and applying for financial aid programs can help
FINANCIAL AID OFFICE OF FINANCIAL AID FINANCIAL AID POLICIES AND PROCEDURES ELIGIBILITY REQUIREMENTS FOR FINANCIAL AID APPEALS PROCESS COSTS OF ATTENDANCE AND BUDGETS CREDIT BALANCES ACADEMIC REQUIREMENTS
Financial Aid for the Gordon College RN to BSN Completion Program Division of Nursing and Health Sciences Financial Aid Application Procedures Overview All students interested in applying for financial
Has there ever been a time in your life where you had an educational goal that you wanted to reach but felt that those goals were unattainable due to personal financial reasons? Time and time again, students
Business Officer Training 90/10 Regulation & Calculation 90/10 Vocabulary Appendix C to Subpart B of Part 668 Cash basis of accounting Revenue Higher Education Opportunity Act (HEOA) 2 90/10 Overview Rule
LOAN DISCHARGE APPLICATION: SCHOOL CLOSURE William D. Ford Federal Direct Loan (Direct Loan) Program, Federal Family Page 1 of 5 OMB No. 1845-0058 Form Approved Exp. Date 08/31/2017 Education Loan (FFEL)
MILES COLLEGE FINANCIAL AID PROGRAMS AT A GLANCE THE AWARD PROCESS 2013-2014 SCHOOL YEAR 1.0 Please read the attached, most of your questions about the delivery of financial aid will be answered. 1.1 Award
Understanding Your 2015 16 Luther Financial Aid Award Jan Cordell Director of Financial Aid Aaron Steffens Associate Director of Financial Aid Kathy Kerber Financial Aid Counselor Carolyn Schwendeman Financial
Enclosed is the Military Deferment application you requested. Please read all the instructions, eligibility requirements, and definitions in Section 6 before completing the form. Note for Co-Makers (spousal
U.S. Department of Housing and Urban Development Office of Inspector General, Region VI 819 Taylor Street, Suite 13A09 Fort Worth, Texas 76102 (817) 978-9309 FAX (817) 978-9316 http://www.hud.gov/offices/oig/
Financial Aid Guide 2015 2016 The University of South Dakota and the Office of Financial Aid are pleased to provide you with your financial aid award letter for the 2015 2016 academic year. Your eligibility
What Happens If I Withdraw From One or All Of My Classes? If your invoice is paid using financial aid, and it is necessary to officially withdraw from all classes, please see the Refund/Repayment Policy.
MOLER BARBER College COLLEGE CATALOG ADDENDUM 2 02/01/2013-01/31/2014 Moler Barber College 3815 Telegraph Ave. Oakland, CA 94609 510-652-4177 Financial Aid Office Policy Manual 2013 This manual outlines
Student Aid Program Summary Most federal student aid is need-based, taking into account an expected family contribution (EFC). Need-based financial aid comes in three basic types: 1. Grants and scholarships,
Federal Direct Consolidation Loan Request to Add Loans William D. Ford Federal Direct Loan Program OMB No. 1845-0053 Form Approved Exp. Date 04/30/2016 WARNING: Any person who knowingly makes a false statement
Financial Aid Consumer Information Schools recognize that in many instances individuals and their families are not able to meet the entire cost of education. Therefore, the Financial Aid Office will assist
Page 1 of 5 GENERAL STATEMENT Broward College (the College ) is authorized by the U.S. Department of Education to offer Title IV Student Financial Aid programs as outlined in the College s Federal Program
Frequently Asked Questions 1. How and when to apply for Financial Aid? To apply for financial aid at Northark, you should: Submit the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov Complete
What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS How
New England Conservatory 2015-2016 Financing Your NEC Education Table of Contents A Message from the Director of Financial Aid... 2 The Role of the Financial Aid Office... 3 Contact Information... 3 Introduction...