| PublicationDate: 12/2/96 Summary: 1997-98 Title IV Training February - April l997 Author: PTAS - Policy / Training / And Analysis Service Posted December 2, 1996 ANNOUNCEMENT: 1997-98 Title IV Training February - April l997 This is the first announcement for a series of two-day nationwide workshops sponsored by the U. S. Department of Education's (ED) Student Financial Assistance Programs (SFAP). The Title IV Training will take place between February and April 1997. The following is a description of the content of the training. Complete information on workshop sites and dates and how to register for the training will follow in a mid-December Dear Colleague Training Announcement. Workshop Content Day One Day One will consist of new Title IV regulatory and policy information of interest to any participating postsecondary institution. NEW INFORMATION ON: December 1 Cash Management/Project EASI Regulation Required use of ED electronic processes; standardized definition of payment period; cash management rules for requesting, maintaining and disbursing Title IV funds, including notices and authorizations December 1 Financial Responsibility Regulation Changes to requirements for annual audit report and financial statements; brief discussion of regulatory standards for determining financial responsibility December 1 Record Retention Regulation Which records must be retained for how long; acceptable formats for record retention UPDATES ON: The Higher Education Act Reauthorization Process Description of how SFAP will develop recommendations Recertification of Participating Title IV Schools Status report; frequently asked questions Effects of New Appropriations Legislation Impact of increased Federal Pell and Federal Work Study appropriations Day Two Day Two will consist of topics that prior-year audiences have identified as needing continued review and discussion. The sessions on this day will be aimed at individuals with a basic understanding of the topics listed below, and are not intended to introduce the neophyte to these areas. Financial aid office staff responsible for the functions listed would most benefit from this day's information. These sessions will offer a great deal of hands-on activity, such as completion of case studies. Verification Requirements and processes for verifying applicant data Refund and Repayment Calculations Requirements and processes for calculating Title IV refunds and repayments Pell Calculations Requirements and processes for calculating Federal Pell Grant awards, including use of 4 formulae and summer sessions Loan Maximums and Proration Requirements and processes for prorating Direct Loan and FFEL annual loan limits; determining borrower eligibility for maximum loan limits Registration ED is introducing a new phone-in registration system for this workshop. Details on how to register will be included in a second announcement to be issued in mid-December. Please wait for that announcement to register for the training. We look forward to your participation in the Title IV Training. Please watch for complete details in the Dear Colleague to be mailed soon. |