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NYSOBBA Novice Training 102 Workshop

NYSOBBA Novice Training 102 Workshop. Monday, June 9, 2014 2014 NYSOBBA Conference Albany, NY.

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NYSOBBA Novice Training 102 Workshop

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  1. NYSOBBA Novice Training 102 Workshop Monday, June 9, 2014 2014 NYSOBBA Conference Albany, NY

  2. NYS Residency Requirementswww. suny.edu/sunypp/documents.cfm?doc id=402Changes to International Students’ Requirements & BenefitsI.C.E. – immigration and Customs Enforcement S.E.V.I.S. – Student & Exchange Visitor Information SystemVA benefitsContinuing Changes – go to Session Mondayat 3:30

  3. Regulations! • Quick history – how do we get there? • Negotiated Rule-Making • Changes – importance of staying informed • What’s available and where • www.ifap.ed.gov/ifap/index.jsp • (Information for Financial Aid Professionals)

  4. Title IV • LOTS of regulations • Again – see IFAP • Refund process – our most angst • Cash management • Direct Lending • Several sessions here – take advantage of them! • Now add TILA • Regulation Z

  5. Privacy and Safe Guards • FERPA • Family Education Rights and Privacy Act • GLBA • Graham-Leach Bliley Act • Privacy Safeguards • PCI • Payment Card Industry Compliance • Red Flag rules • School by school – what raises your eyebrows? • Reg Z

  6. Record Keeping • NYS archives rule • www.archives.nysed.gov/a/records/mr_retention • Feds – FA – three years after graduation • Problem for us > five and seven years • Perkins a few different rules? • Your own school retention policies • A Word to the Wise : Do Not Save Anything Any Longer Than You Have To – Avoid A Lot of Issues! (Right from our Counsel)

  7. IRS Issues • IRS Education Credits • Fewer available, and less in amount • Hope and Life Time Learning • Taxpayer Relief Act Services • Updated every year • 1098T issues – who is responsible for these on your campus? • IRS Education-Related Adjustments • Was tuition paid with tax-free funds? No double benefit • Another word to the wise: • Do NOT Answer Tax Questions

  8. Facing the Auditors • Common SFA requirements • Campus-based programs • Internal • External audits • FEDS • TAP

  9. Extra Resources • Blue Book, the bottom line • Academic glossary – handout • Useful Financial Terms • More definitions • Handout – • Questions and answers • Glossary of academic terms • Financial terms • Acronyms • Helpful links

  10. Questions? • You will never find a more helpful and generous group of people to work with, than your colleagues in NYSOBBA – at any time, pop into the listserv and ASK. • There is a wealth of information available – there is always at least one person who can help – usually more! • Thank you all – Enjoy the Conference!

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