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TIPS FOR IMPLEMENTING A COMPREHENSIVE COMPLIANCE PROGRAM

Our clients are colleges and universities just like yours that have chosen to implement compliance programs as a result of our compliance assessment. A typical compliance program helps institutions and their employees conduct operations and activities ethically; with integrity, and in compliance with legal and…

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When your Board Chair asks, “How is our campus doing?”, how will you respond?

No one ever wants to admit that their college is in decline. When Trustees ask that questions, it’s imperative for college leadership to answer that question accurately. But when trustees ask different executives, they often get different answers, depending on who they ask. That’s because…

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How to handle a U. S. Department of Education Program Review Risk Assessment

It begins with a phone call from the U.S. Department of Education. You heard that FSA was increasing the number of program reviews it conducts, and although you hoped that your school would be at the bottom of their list, it was simply inevitable that…

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Responding to an Audit and Program Review

Responding to an audit or program review can be overwhelming, particularly for schools with limited financial aid office personnel. Whether your school is required to implement corrective actions, perform file reconstruction and aid recalculation, or simply prepare a response or appeal, having a partner you can rely on will…

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How to find the best candidates for your college or university.

Discover leaders answering the call of extraordinary possibilities, advancing the frontiers of knowledge and building academic distinction. Leadership requirements continue to evolve, but the need for high-performing college and university leaders remains constant. Identifying and attracting the best and brightest talent in the higher education space requires a…

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Choosing the Right Search Firm Makes All The Difference

Retaining an executive search firm is critical to hiring the best talent on the market. But all recruiters aren’t equal. Do you know the difference? “Staffing Agencies” are great for temps but generally lack candidates with specialization. These are great sources for blue collar and…

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Trusted Experts In Higher Education Search and Placement

Let’s face it. One of the major advantages Higher Ed Executives brings to executive search and placement is that we are connected to the higher education sector like no others. That’s because we’ve worked for colleges and universities as leaders for years ourselves and many of…

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SUMMARY-LEVEL RETURN OF TITLE IV (R2T4) REPORTING FUNCTIONALITY

Following a system update completed on April 25, 2021, FSA announced that the R2T4 Lump Sum Reporting page is now available on the COD website. Schools can now use this page to report summary-level totals of Title IV funds that were not returned due to…

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INFLATION DRIVES STUDENT LOAN INTEREST RATES UP

NEW INTEREST RATES Inflation is here and interest rates are going up for new Federal Direct Student Loans beginning on July 1, 2021. Interest rates for Direct Loans are based on a formula whereby the rates are indexed to the 10-Year Treasury Note plus an…

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NO CHANGE TO ORIGINATION FEES THIS YEAR DESPITE SEQUESTER

This year Financial Aid Directors around the country are quietly rejoicing because Fiscal Year 2022 is the first year in over a decade that they will not have to worry about updating their Direct Loan Origination fees in the middle of their processing year. The…

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FCC DOL AND HHS MAY USE FAFSA DATA UNDER NEW FLEXIBILITIES

  The U.S. Department of Education (ED) has designated the Federal Communication Commission (FCC), the Department of Labor (DOL), and the Department of Health and Human Services (HHS) as entities that may use FAFSA data to aid in the administration of pandemic related benefits administered…

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WHO IS CONSIDERED A STUDENT FOR HEERF EMERGECY FINANCIAL AID GRANT PURPOSES

According to a May 14, 2021, Federal Register notice, The Education Department expanded the definition of who is an eligible “student” for the purposes of making Emergency Financial Aid Grants to Students under the Higher Education Emergency Relief Fund (HEERF) Programs. This rule is effective…

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NEW CLOCK-TO-CREDIT HOUR CONVERSION FORMULA RULES TAKE EFFECT IN JULY

On July 1, 2021, several regulatory packages take effect including changes to the Clock-to-Credit Conversion formula.  If you offer undergraduate non-degree programs in credit hours the new rules will determine the number of Title IV credit hours associated with each class in a program. According…

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CARES ACT RELIEF EXTENDED FOR CORONAVIRUS INDICATOR AND R2T4 GUIDANCE

Federal Student Aid announced that they were extending the deadline for schools to add the Coronavirus Indicator and R2T4 reporting deadlines for title iv disbursements until September 30, 2021. The Coronavirus Indicator will be accepted for any qualifying disbursement with a payment period start date…

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CHANGES TO 2021-2022 VERIFICATION REQUIREMENTS

Last month the U.S. Department of Education announced temporary changes to the verification requirements for the 2021-2022 award year. These much welcome changes allow schools to waive verification requirements for students selected for V1 verification and focus verification on identity and fraud. Although students in…

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UNCLAIMED CREDIT BALANCES RESULTING FROM DISBURSEMENTS WITH THE CORONAVIRUS INDICATOR

When Title IV funds disbursed to a student’s account result in a Title IV credit balance, there may be occasions when the school is unable to deliver the appropriate amount of the credit balance refund (e.g., when the student fails to cash or deposit a…

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Whether you need help hiring your next president, or dean, training financial aid and business officers, or need expert regulatory guidance on matters related to financial aid, accreditation, and compliance, Higher Ed Executives provides a comprehensive portfolio of essential services to help post-secondary institutions of all types achieve their mission and goals.

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