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Enhancing Common Origination and Disbursement in Financial Aid

Join Mary Haldane for an engaging session on the modernization of common origination and disbursement processes in financial aid. Explore initiatives such as the School Portal and NSLDS goal-setting, alongside the development of standardized processes and shared data definitions to streamline operations across all programs. Understand how to minimize changes to schools’ workflows, ensure real-time data sharing, and improve customer service. Engage in discussions about challenges, solutions, and strategies to benefit financial aid administrators and ultimately enhance student access to aid information.

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Enhancing Common Origination and Disbursement in Financial Aid

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Presentation Transcript

  1. Session 44 OPEN FORUM ON COMMON ORIGINATION AND DISBURSEMENT Presenter: Mary Haldane Session 44 -

  2. SFA Modernization Blueprint • Initiatives • Common Origination and Disbursement • School Portal • ETC • Process • IPT Session 44 -

  3. COD: Where we are now NSLDS Session 44 -

  4. COD: Where we are going X Common Process Common Record • common… • data definitions • edits • business rules Session 44 -

  5. COD Objectives • Common Process across all programs • Shared data definitions • Common edits, where applicable • Common business rules, where applicable • Streamlined process • Reduced costs • Integrated customer service Session 44 -

  6. COD Objectives..continued • Minimize required changes to schools’ internal processes • Real-time, single source sharing of data • Full access to student historical data for those with the right to know Session 44 -

  7. Along the way… 1) Current Process 2) COD System Middleware RFMS Record RFMS DLOS Record Common Record School COD School LOS Current FISAP CBS 3) Common Process (COD System With Schools Sending Common Record) Common Record School COD Session 44 -

  8. Schedule Session 44 -

  9. WHAT CHALLENGES, SOLUTIONS OR STRATEGIES DO YOU SEE? Session 44 -

  10. Benefits to the Financial Aid Administrator Common Process means: • One record layout to support • Fewer edits, fewer rejects • Student’s access to aid information • Professional mobility Session 44 -

  11. Community Input • User Steering Committee • Open sessions at conferences and…. Session 44 -

  12. COD Point of Contact MARY HALDANE SCHOOLS CHANNEL LEAD FOR COD SFA, U.S. DEPT. OF EDUCATION Mary_Haldane@ed.gov 202-260-6675 Session 44 -

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