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FASFAA Spring 2015 Workshop

FASFAA Spring 2015 Workshop. Office of Student Financial Assistance (OSFA). Region V/ April 15, 2016. Preview. Legislative Activity Calendar Events Website and Resources. Legislative Activity. Session January 12 – March 11 Final conference budget – from the House

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FASFAA Spring 2015 Workshop

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  1. FASFAA Spring 2015 Workshop Office of Student Financial Assistance (OSFA) Region V/ April 15, 2016

  2. Preview • Legislative Activity • Calendar Events • Website and Resources

  3. Legislative Activity • Session January 12 – March 11 • Final conference budget – from the House • No bills are final until signed by the Governor

  4. Calendar Events • March • Term 2 Refunds/Reconciliation • Program Compliance Audit • Institutional Renewal • Bright Futures Refunds • Grade & Hours • Reconciliation • May • June

  5. Calendar Events

  6. 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

  7. 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

  8. Payment Summary

  9. Payment Summary

  10. Program Compliance Audits • March 31– Audits due from private institutions • See Memo OSFA-STATE: #15-16:01, July 1, 2015

  11. Institutional Renewal • Institutions required to apply for renewal to participate in state financial aid annually • Online application opens May 1 – Due June 8 • Length reduced and most data prefilled • Update any changes in information • Private institutions add tuition/fees and cost of attendance • Email Carl Vinson for assistance Carl.Vinson@fldoe.org

  12. Bright Futures Drop/Withdrawal Funds • Students are required to repay the cost of any courses dropped or withdrawn after the last day of drop/add • Students repay the institution • The institution remits funds to OSFA within 30 days of the institution's last day of each term

  13. Grade & Hours Report • Due 30 days after the end of spring term • Drop dead deadline – 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

  14. 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

  15. Your Reporting/Sources Website Resources • Resources on the website at http://www.floridastudentfinancialaid.org/SSFAD/home/uamain.htm Student History Screen FACT Sheets FACT Sheets

  16. Postsecondary Menu

  17. Postsecondary Menu Your institution’s details HELP is on the way!

  18. Statutes, Rules & Reports

  19. Training & Resources • Webinars designed just for you! • Call Ariel Floyd 850-245-1890 • Specific questions can be directed to a specialist

  20. Contacts OSFA@fldoe.org 888-827-2004

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