U.S. Loan Sessions for Administrators at Foreign Schools

Our autumn round of sessions for 2021 will continue to be virtual.

As always, they are designed to specifically speak to the issues of administrators processing US loans at international ‘foreign schools’.

The sessions break through the jargon. We will focus on translating exactly what the Feds are looking for in a non-US setting. The sessions are designed to help you feel more confident in administering the program with a focus on best practices and how to improve your procedures.

Here is feedback from previous virtual sessions:

“Preparing for the new Audit Guide’ zoom webinar was relevant, informative and extremely helpful!’”

“Erich is very knowledgeable about US loans, and provides a very informative and useful session on the new audit requirements. I would recommend attending this in preparation for the new loans, especially as there are opportunities to ask key questions about any areas of uncertainty you may have.”

“The course gave me an opportunity to reflect on areas of the new audit guide which I hadn’t to now realised would have such a big impact on our processing year.”

Attendees to the sessions will also receive:

• Copies of all presentations
• Example Packaging Spreadsheet to assist with the calculation of student aid
• Example Student ‘Award Letter’
• Example Student File checklist, designed to help you with the new audit guide
• A straightforward, simple timeline of the
• General Process of Federal Loans

Session details:
We are doing three stand alone sessions, but if you book in for two or all three, there is a discount. All prices are in US dollars and are per person. The first two sessions are a repeat of what we did earlier in 2021.

Session One: Introduction to the US loan programs
Appropriate for those looking for an introduction to the US aid programs or a refresher of the fundamentals. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: Provides a full overview of US Federal aid at foreign schools, helps you understand the requirements for participation in the programs, you’ll understand how to package aid, and what are the key required policies & procedures you need to address.

Date: 2nd November 2021

Timings: From 11am to 4pm (with a break of one hour) GMT

Session Two: Preparing for the new Audit Guide
This is a repeat of the session we did earlier this year. It will take an in-depth review of the new audit guide, covering policy and procedures that institutions should already have in place, which will be looked by auditors in detail for the first time. We will discuss topics ranging from Academic Year, and scheduling disbursements correctly. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: ‘Translates’ the new audit guide’s key areas and shows you how to use it as a tool to prepare for the audit. Additionally, we will deep dive into how you should correctly create loan periods and really understand the scheduling of disbursements. Plus a presentation on security and privacy policies providing a summary of the required written procedures for the 20-21 audit.

Date: 3rd November 2021

Timings: From 11am to 4pm (with a break of one hour) GMT

Session Three:  Reconciliation, Understanding Satisfactory Academic Progress (SAP), Preparing for mid-year (January) starts and review of Return to Title IV Funds (R2T4).

These are more advanced sessions – they assume a general understanding of US Loans terminology and key concepts. Here we will have a variety of sessions to go through a detailed review of reconciliation and cash management, a review of requirements for your SAP policy, how to handle students who start mid-academic year and understanding how to do a Return of Title IV Funds calculation. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: This day will help you improve your policies and your understanding of the most important aspects of two crucial policies – regarding Progress and Return of Funds. Also, the ongoing need to stay current with reconciliation and cash management as the new audit means that these aspects will be looked at more than ever before. Additionally, for those of you with mid-year starters an understanding of how to structure these loans.

Date: 4th November 2021

Timings: From 11am to 4pm (with a break of one hour) GMT

Pricing
Individual sessions are $275 per person.

Discount for Multiple sessions: If you want to attend more than one session you can book two for $375 or all three for $475 per person.

How to book multiple dates: Just click on the first date you’d like to attend for the various ticket options.

Questions? Just ask.