An additional role I fulfill as serving as your past-president is to also serve on the Federal Relations Committee. The committee exists to provide feedback directly to Justin Draeger, Megan McLean and Jess O’Connell from the NASFAA staff. With that said, I would like you to preview the following two issues and provide me with some feedback to share with the Federal Relations Committee during the next conference call. Please respond to me by the end of December.
The RTF formulated (and the Board approved) a number of recommendations intended to simplify R2T4 and reduce burden, while maintaining the basic pro rata approach. These recommendations took a fairly broad look. The final report noted that the treatment of modules was an outstanding issue that would need follow-up. The current treatment of modules is very difficult to understand (let alone explain to students) and results in inequitable treatment of students who withdraw during or between modules. The previous policy on modules also had problems, so a new approach is needed. We hope that FIC can clearly articulate the problems with the current treatment, draw clear delineation between withdrawal and change of enrollment status, and suggest other ways of approaching the various scenarios that we now present problems.
We believe an overall set of principles concerning the treatment of F grades needs to be drawn. Its application in different circumstances would need to be explained as well. These circumstances include determination of enrollment status for purposes of calculating and packaging aid, and calculation of earned aid if the student withdraws.
For example, under what conditions should an F grade be recognized as an “earned” grade for a completed course, and under what conditions must it be viewed as inconclusive concerning a student’s attendance? When should an F be treated as a change in enrollment status?
Thank you in advance for any feedback you can provide to me regarding these two issues.
I just completed two months of pretty intensive new hire financial aid training, and in retrospect, I have several items I am very grateful for. Training people who are new to the financial aid world always reminds me of some of the funny quirks in our profession.
- I am grateful for CPS, in spite of their little idiosyncrasies like reject codes and pushed ISIRs. Thanks to them, I don’t have to hand calc EFCs.
- I am grateful for people who know the difference between NASFAA, RMASFAA, UASFAA, and the FAFSA (and who can pronounce them all correctly). By the way, do you know what ‘TMA’ stands for? Too many acronyms.
- I am grateful for software providers who allow loan fees with three decimal points.
- I am grateful for skip logic on the FAFSA.
- I am grateful that Financial Awareness Counseling is no longer the first option listed on studentloans.gov.
- I am grateful for servicers who can explain the differences between Income-Based Repayment, Income-Contingent Repayment, Income-Sensitive Repayment, and the Pay As You Earn Repayment Plan.
- I am grateful for the 60% point of every semester.
Submitted by Art Young, RMASFAA President-Elect
Debra La Grone began her career in higher education in 1990 after graduating from the University of Utah. Since then, she held various positions in financial aid offices at the University of Utah, Texas A&M University, Stephen F. Austin State University and Texas A&M University –Texarkana. She joined the NASFAA staff in 2011 as a Training Specialist in the Division of Training and Regulatory Assistance. She is responsible for researching and writing NASFAA training materials and webinars, updating NASFAA publications, and responding to technical questions regarding regulatory issues posed by NASFAA members.
Photo & bio courtesy NASFAA http://www.nasfaa.org/Membership/Staff_Directory.aspx
In 1994, Debra Riding – University of Utah, was presented with the very first Oscar R. ‘Jack’ Hendrix Award (formerly, Rookie of the Year Award). Do you know where she is now?
Stay tuned, answer to follow soon…
From left to right: Deb Byers – Wichita State University (KS); RMASFAA President / NASFAA Observer; Mary Sommers – University of Nebraska – Kearney, NASFAA Representative-at-Large; Craig Munier – University of Nebraska – Lincoln, NASFAA Chair; and Jeff-Jacobs – Bismarck State College (ND), RMASFAA Past-President and NASFAA voting representative.
Adams Family – just “Lurching” around
University Montana Western