1 / 9

Navigating Federal Financial Aid Changes in Higher Education: Insights from 2010

Explore key updates in Federal Financial Aid during 2010, including Pell Grant increases, reporting requirements under HEOA, cohort default rate changes, and upcoming regulatory issues. Learn about critical topics impacting financial aid programs in higher education.

pahana
Télécharger la présentation

Navigating Federal Financial Aid Changes in Higher Education: Insights from 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Apollo Federal Relations CAAHE - Financial Aid in Changing Times Bob Collins, VP Student Financial Aid Indianapolis, IN June 11, 2010

  2. Higher Education Policy • Authorizing vs. Appropriating language • Master Calendar concept • Final Rules by November 1 effective July 1 • Regional Hearings • Negotiated Rulemaking • Notice of Proposed Rulemaking comments • Federal Register published

  3. Title IV Student Assistance • HEOA increased Pell Authorization Level • $6,000 in 2009-2010 • $8,000 in 2014-2015 • 18-semester limit on Pell Grants • Health Care-Education Reconciliation Act • FFELP eliminated • Direct Loans exclusive - July 2010 • Pell funding $5,550 in 2010-2011-2012-2013

  4. Reporting and Disclosures • HEOA adds 110 reporting and record-keeping requirements, including: • Transfer of credit policy • Distance learner authentication • Campus security and student safety • Textbook information • College tuition reporting (Net Price Calc) • College Navigator website • http://nces.ed.gov/collegenavigator

  5. Cohort Default Rate • Changes from a two-year to a three-year window beginning with FY2009 • Increases minimum 3 consecutive year threshold for participating in Title IV programs from 25% to 30% for FY2012 • Changes threshold rate from 10% to 15% for delayed delivery and single-term multiple disbursements beginning 10/1/11

  6. FY2009 CDR using Current Calculation Borrowers entering repayment between 10/1/08 and 9/30/09 and who default on or before 9/30/10 Borrowers entering repayment between 10/1/08 and 9/30/09 FY2009 CDR using Revised Calculation Borrowers entering repayment between 10/1/08 and 9/30/09 and who default on or before 9/30/11 Borrowers entering repayment between 10/1/08 and 9/30/09 Cohort Default Rate Calculation

  7. On the Regulatory Horizon • Negotiated Rulemaking • Foreign School Issues (medical schools focus) • Program Integrity Issues • Definition of a high school diploma • Ability to Benefit (ATB) • Misrepresentation of information provided to students and prospective students • Incentive compensation • State authorization as a component of institutional eligibility

  8. On the Regulatory Horizon • Program Integrity Issues (cont’d) • Gainful employment in a recognized occupation • Definition of a credit hour for purposes of determining program eligibility status • Agreements between institutions • Verification of information included on student aid applications • Satisfactory Academic Progress • Retaking coursework • R2T4 (two issues) • Disbursement timelines and method

  9. Regulation Timeline • NPRM to be published in coming days • Preamble language provides context • Public comment period 30-60 days • Public record • ED analysis of comments 60-90 days • All comments reviewed and addressed • Final regulation on or before November 1 • Preamble language discusses changes • Final regulations effective July 1, 2011

More Related