We all know the 5 key data items necessary for verification but it helps to be reminded of the “oddballs”. Those “when was the last time I saw that” items.

President Obama’s Fiscal Year 2010 budget proposes that, beginning July 1, 2010, all Stafford (subsidized and unsubsidized), PLUS, and Consolidation loans will be made from the William D. Ford Federal Direct Student Loan (Direct Loan) Program. Thus, ending, as of that date, any new loans made under the Federal Family Education Loan (FFEL) Program.
This proposal [...]

Final regulations regarding changes and clarifications to FERPA were published in December 2008 and became effective on January 8, 2009. Many of these changes and clarifications are an effort to improve school safety, open access to data for research and accountability purposes and improve the safeguarding of educational records.
As a result, day-to-day questions and [...]

Short on time but need help immediately? HEAG is pleased to announce a new service which will provide immediate help to you and at low cost called Short Term Staffing Solutions. Our consultants are available for short term assignments: 1-2 days, once a week or once a month. Special Low 2009 rates apply.

As each new academic year begins, it is important to review the legal obligations of the financial aid officer (FAO) regarding the administration of the Title IV and state funded financial aid programs. The following will address in general terms those duties and provide a context for the summaries of articles which will follow in [...]

In March of 2001, the Office of Student Financial Assistance (SFAP) of the U.S. Department of Education (DOE) issued a Final Audit Determination Letter (FADL) alleging that Armstrong Atlantic State University of Savannah, Georgia (the “College”) had violated the Title IV regulations by failing to calculate refunds for students who unofficially withdrew from the College. [...]

In May of 1987, a student attending Temple University borrowed $750.00 through the University’s Federal Perkins Loan/National Direct Student Loan Program. The debtor ceased attending Temple in June of 1988.
Under the terms of the Perkins Note, the debtor was required to begin quarterly repayment on the Note at 5% simple interest beginning in December, 1988. [...]