Florida Association of Student Financial Aid Administrators · participate in state financial aid...
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www.FLDOE.org © 2014, Florida Department of Education. All Rights Reserved. Florida Association of Student Financial Aid Administrators Spring 2017 Workshop Office of Student Financial Assistance (OSFA)
Transcript of Florida Association of Student Financial Aid Administrators · participate in state financial aid...
www.FLDOE.org
© 2014, Florida Department of Education. All Rights Reserved.
Florida Association of Student Financial Aid Administrators
Spring 2017 WorkshopOffice of Student Financial Assistance (OSFA)
www.FLDOE.org
© 2014, Florida Department of Education. All Rights Reserved.
Agenda
• Legislative Activity
• Website and Resources
• Calendar Events
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© 2014, Florida Department of Education. All Rights Reserved.
Legislative Activity
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© 2014, Florida Department of Education. All Rights Reserved.
Legislative Activity
• Session March 7 – May 5, 2017
• March 7, 2017 Regular Session convenes (Article III, section 3(b), Constitution) 12:00 noon, deadline for filing bills for introduction (Rule 3.7(1))
• April 22, 2017 All bills are immediately certified (Rule 6.8), motion to reconsider made and considered the same day (Rule 6.4(4))
• April 25, 2017 50th day—last day for regularly scheduled committee meetings (Rule 2.9(2))
• May 5, 2017 60th day—last day of Regular Session (Article III, section 3(d), Constitution)
• No bills are final until signed by the Governor
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Website and Resources
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Navigating to State Programs
• www.FloridaStudentFinancialAid.org
• Select State Grants, Scholarships & Applications
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Website Resources
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Postsecondary Menu
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Postsecondary Menu
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Training & Resources
• Webinars designed just for you!• Call Hortensia Campbell (850)245-1890
• Specific questions can be directed to a specialist
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Statutes, Rules & Reports
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Calendar Events
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Calendar Events• Term 2 Refunds/Reconciliation• Program Compliance Audit• Institutional Renewal • Bright Futures Refunds• Grade & Hours• Reconciliation
May
June
March
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Calendar Events
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© 2014, Florida Department of Education. All Rights Reserved.
Term 2 Refunds/Reconciliation• Due within 60 days after the last day of drop/add for that
term
• Reconciliation Report allows you to view your Disbursement Eligibility Report activity by year, term, program, and student
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Term 2 Refunds/Reconciliation
• The Payment Summary screen displays tracked institutional funds from the state by year, program and term
• Allows the institution to review and acknowledge the accuracy of the funds by selecting
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Payment Summary
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Payment Summary
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Program Compliance Audits
• March 31 – Audits due from private institutions
• See Memo OSFA-STATE: #15-16:01, July 1, 2015
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Institutional Renewal
• Institutions required to apply for renewal to participate in state financial aid annually
• Online application opens May 1 – Due June 8
• Most data prefilled
• Update any changes
• Private institutions provide term dates, Cost of Attendance and tuition/fees for 2017-18
• Look for memo to be sent end of April
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Bright Futures Drop/Withdrawal Funds
• Students are required to repay the Bright Futures portion of the cost of any courses dropped or withdrawn after the last day of drop/add
• Students repay the institution
• Whether the student has paid the institution, the institution is required to remit funds to OSFA within 30 days of the institution's last day of each term
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© 2014, Florida Department of Education. All Rights Reserved.
Grade & Hours Report
• Due 30 days after the end of spring term, no later than June 30
• Submit institutional undergraduate cumulative GPA and earned hours for all disbursed students for the fall and spring of the academic year
• G&H Report populated with same students you submitted on your DERs at the beginning of each term
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Final Reconciliation
• Reconciliation of all monies for the academic year due by June 1
• Same process as reconciliation for end of term
• All monies for the academic year are reconciled
• Carry-over of funds to next academic year not permitted
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Contacts
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