Financial Aid Specialist

Job Description

Job Description

Job Description

• The Financial Aid Specialist will train and oversee financial aid representatives at all campuses as well as administer, package, and award aid within the required timelines for students and their families on behalf of The Academy.
• Must have knowledge of current Department of Education regulations to ensure proper handling of funds.
• Completes quarterly and yearly Federal government reports.\

LMA - Lead. Manage. Hold Accountable.

Financing

• Awarding
• Verify student if applicable
• Loan Disclosure Completed to determine eligibility /acceptance of aid package
• Request Disbursements
• Send FAME Tuition reports to accountant weekly
• Disbursing
• Disburse aid using Direct Loan / Pell Disbursement Sheet
• Cross check disbursements entered into student ledgers for accuracy
• Payments
• Compile daily tuition deposits and take to the bank
• Monitor Tuition Options Payments weekly
• Collections

Training Financial Aid Representatives

• Attend & Schedule Reps for financial aid training (webinars or onsite)

Document Verification

• Oversee Accurate Placement Order for Student Files as per FA checklist

Reporting & Compliance

• Ipeds - 4 times per year
• Campus Crime Annual Report
• 1098-Ts to student and IRS
• Gainful Employment Reports
• Net Price Calculator
• NSLDS updates
• Compile data for Program Review if Academy is selected to complete a review
• Review Cohort Default Report and present to Director/owner(s)
• Update Academy policies affecting financial aid with the help of the owner/director
• Title IX - Personal Annual Training, staff annual training, new student informational session, Monitor of reported events,
• Constitutions day - completed annually, present to student and staff
• COA surveys & Budgets

Student Services

• Drops
• Conduct Exit Interview and collect documentation including Exit Loan Counseling for students who withdraw
• Complete R2T4 SERVICER worksheet for Title IV Aid students who withdraw
• Complete Academy Refund Worksheet for withdrawals
• Ensure failed Satisfactory Academic Progress evaluations are reviewed

Audits

• TBD
• Work with Director and Director of Financial Aid to the necessary documents/files

Job Types: Full-time, Part-time

Pay: $23.00 - $30.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Professional development assistance
• Retirement plan

Work Location: In person