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Tools to Assist You in Processing Aid and Sustaining Compliance

Explore web tools to improve financial aid processing efficiency and maintain compliance with Title IV programs. Learn about ISIR comparisons, corrections, verification, and analysis for effective decision-making. Discover FSA assessments for management enhancements.

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Tools to Assist You in Processing Aid and Sustaining Compliance

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  1. Tools to Assist You in Processing Aid and Sustaining Compliance Ginger Klock Michael Cagle 2006 NASFAA Conference Seattle, WA

  2. This session will focus on: • Web tools that can assist your school with Processing Aid more efficiently • Web tools that can assist your school with Sustaining Compliance with the Title IV programs

  3. Some of the “Tools” in FAA Access we will look at today!

  4. ISIR Compare

  5. Sort by Differences Sort by field

  6. Sorted by Differences

  7. Standalone FAA Signature

  8. Application Status This tells you there are missing signatures

  9. Corrections

  10. Links to SAR

  11. Verification Tool

  12. Enter values from tax returns and verification worksheet, then click on “Calculate”

  13. This column appears and shows differences

  14. Return toTitle IV on the Web

  15. ISIR Analysis Tool

  16. Getting Started • Uploading Records • Decide who to analyze • CPS Selected ISIRs • Analyze how effectively the CPS edits are working at your institution. • Discretionary Verification • Analyze how effectively your own discretionary verification is working at your institution. • Analysis Results • Discuss your verification results and revise your verification policies.

  17. ISIR Analysis Tool Reports • Sample Summary – Dashboard • Verification Summary – Dashboard • Field Change • Pell Eligibility for Dependents • Student Listing • Student Detail • Field Increment Report • Verification Tracking Flags

  18. The Dashboard

  19. Pell Elig/IneligibleDep & Indep Total Fields Changed Initial vs. Paid On Pell Increases Pell Decreases Initial Pell Eligible and Ineligible Total Paid on Pell Eligible & Ineligible

  20. Verification Summary Dashboard

  21. Running Reports • Click on the report name from the menu on the Standard Reports Folder. • Then click “Run” the report.

  22. Field Change Report

  23. Field Increment Report based on Records with Parent AGI changes (viewed in Primary EFC increments)

  24. Field Increment Report (viewed in Increments of Parent AGI)

  25. Analysis Conclusions • Discuss options to focus discretionary verification for Dependent, Pell Eligible, Parent Estimated Filers on: • EFC Ranges 1-3,000 and Parent AGI between 20,001 and 50,000 • Provide enhanced Consumer Information for 0 EFC applicants

  26. Helpful Information • Refer to Guidance on the QA Website: • http://www.ifap.ed.gov/qamodule/guidance.html • Click on link to 2005 ISIR Guide • Tapes of Live Sessions • http://ifap.ed.gov/qamodule/training.htm • You can view sessions about uploading data, analyzing data, and other sessions related to using the ISIR Analysis Tool

  27. FSA Assessments

  28. What are the FSA Assessments? Tools to prevent and/or identify compliance issues, and implement Management Enhancements (Action Plans) for areas that need improvement

  29. What are the FSA Assessments? • 22 modules updated with hyperlinks to Regulations and the Student Financial Aid Handbook • Currently being re-designed as a more streamlined product that will help you find information quickly. • The newly designed assessments are scheduled to be deployed Mid August 2006

  30. Where can I find the FSA Assessments? The assessments can be accessed from the following websites - • School’s portal (http://fsa4schools.ed.gov) • Under “Resources & Training”, click on FSA Self-Assessments • IFAP (http://ifap.ed.gov) • Under “Tools for Schools”, click on FSA Assessments

  31. FSA Verification Assessment

  32. Verification File Review Activity #10

  33. ISIR Comparison Charts

  34. Conflicting Data Activity #7

  35. Professional Judgment Activity #13

  36. New Design

  37. Summary • We demonstrated an umbrella of tools that can assist your school with Processing Aid more efficiently and Sustaining Compliance with the Title IV Programs • ISIR Compare • Standalone FAA Signature • Corrections • Verification Tool • R2T4 • ISIR Analysis Tool • FSA Assessments

  38. Resources • ISIR Analysis Tool Additional Information: • http://ifap.ed.gov/qamodule/guidance.html(ISIR Tool Guide) • http://ifap.ed.gov/qamodule/training.htm (Links to Web Recordings) • FAA Access to CPS Online: http://www.fafsa.ed.gov/FOTWWebApp/faa/faa.jsp • FSA Assessments: http://ifap.ed.gov

  39. Questions??? We appreciate your feedback and comments. We can be reached at: Ginger.Klock@ed.gov Michael.Cagle@ed.gov

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