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Things That Make You Go “A Ha!” John Parker Director of Community Relations and Educational Research Iowa Student Loan

Things That Make You Go “A Ha!” John Parker Director of Community Relations and Educational Research Iowa Student Loan. Session Goals 1. To offer a general perspective on reading, interpreting and applying regulations. 2. To offer some specific examples of regulatory “A Ha!” moments.

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Things That Make You Go “A Ha!” John Parker Director of Community Relations and Educational Research Iowa Student Loan

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  1. Things That Make You Go “A Ha!” John Parker Director of Community Relations and Educational Research Iowa Student Loan

  2. Session Goals1. To offer a general perspective on reading, interpreting and applying regulations.2. To offer some specific examples of regulatory “A Ha!” moments.

  3. Things That Make You Go “A Ha!” • The names have been changed to protect the guilty. • The information being provided is for informational purposes only and is not intended to serve as legal advice. Please do not rely upon it as legal advice. Any legal advice should be obtained from the recipient’s legal counsel.

  4. Things That Make You Go “A Ha!” • AKA • “You’ve got to be kidding me!” • “That can’t be right!” • “Oh no!” • “Since when?” • “Am I in trouble now?” • “Oh *#@&!”

  5. Things That Make You Go “A Ha!” Some initial perspectives on interpreting statutes and regulations. • “When you come to a fork in the road, take it!” (Yogi Berra) • “When it is a matter of interpretation, interpret in favor of the student.” • Long standing institutional policy can be mistaken as being regulatory. • Interpretation is not without risk. • Personal biases do impact interpretations. • Don’t confuse “can’t” with “won’t”. • “You got to know when to hold ‘em, know when to fold ‘em/ Know when to walk away and know when to run.”

  6. “We’re off to see the Wizard The Wonderful Wizard of OZ If ever a Wiz there was If ever, oh ever, a Wiz there was The Wizard of Oz is one because Because, because, because, because, because Because of the wonderful things he does We’re off to see the wizard The Wonderful Wizard of Oz” Cowardly Lion: I’d be brave as a blizzard… Tin Woodsman: I’d be gentle as a lizard Scarecrow: I’d be clever as a gizzard Dorothy: If the Wizard is a wizard who will serve Scarecrow: Then I’m sure to get a brain Tin Woodsman: A heart… Dorothy: A home… Cowardly Lion: The nerve… Profile of the “Complete” FA0

  7. Things That Make You Go “A Ha!”#1 What is wrong with this SAP policy statement? “Students enrolled less than full-time must complete at least 50% of the credits attempted to be considered to be making satisfactory academic progress.”

  8. Things That Make You Go “A Ha!”#2 Did you know that: • Students are not making SAP at the point it becomes “mathematically” impossible for them to complete within 150% of the maximum time frame defined for their program. • Example: Students in a 120 credit program can attempt 180 credits. A student who has attempted 170 credits and has earned 108 can not mathematically completed the remaining 12 credits within the 180 credit limit. • This is appealable.

  9. Things That Make You Go “A Ha!”#3 • From the Title IV perspective is this package OK? COA = $21,000 -EFC = 0 Need = $21,000 -Pell = $ 5,550 -Institutional Merit Scholarship $17,500 Unmet Need - 2,050

  10. Things That Make You Go “A Ha!”#4 • We do not give Perkins Loans to our graduate students. Is that OK?

  11. Things That Make You Go “A Ha!”#5 • One of our competitor schools down the road is giving additional unsub to some dependent students whose parents are not being turned down for PLUS. How can they get away with that?

  12. Things That Make You Go “A Ha!”#6 “Once we get past the 60% enrolled timeframe we stop doing the R2T4 calculation.” “We hold aid until after our census date so we don’t have to do the R2T4 calculation if the student leaves.” “If a student leaves during the first week we give them a full tuition refund so we do not do the R2T4 for them, we just return all of the funds to the programs.”

  13. Things That Make You Go “A Ha!”#7 • Which parent fills out the FAFSA when the parents were never married and the state in which they reside does not recognize common law marriages? • Which parent can get the PLUS?

  14. Things That Make You Go “A Ha!”#8 • Does this credit balance have to be given to the student within 14 days?

  15. Things That Make You Go “A Ha!”#9 During the student’s first undergraduate year they received additional unsub based on a PLUS denial. Thereafter the parent qualified for the PLUS. What is the student’s remaining eligibility for a Direct Loan?

  16. Things That Make You Go “A Ha!”#10 Our Fine Arts department is paying some of its undergraduate work-study students “by the piece” for posters and materials that they develop for the department. Can they do that?

  17. So what is your favorite “A Ha!” moment? ?

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