TASFAA Community Blog
This is a reminder of the upcoming deadline for submitting the Fiscal Operations Report for 2012-2013 and the Application to Participate for 2014-2015 (FISAP) for the Federal Perkins Loan (Perkins Loan), Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) programs. As announced in the Notice of the 2013-2014 Award Year Deadline Dates for the Campus-Based Programs, published in the Federal Register on March 7, 2013 (78 FR 14776), the date by which a school must submit the FISAP and the required Signature Pages is Tuesday, October 1, 2013.
All schools that wish to request funding under the Campus-Based programs for the 2014-2015 Award Year and all schools that had Campus-Based expenditures or Perkins Loan activity for the 2012-2013 Award Year are required to electronically submit a FISAP via the eCampus-Based (eCB) Web site. This includes schools that closed during the 2012-2013 Award Year and are required to complete and submit a final FISAP to report 2012-2013 Campus Based Program expenditures. The eCB Web site allows a school to complete and submit its FISAP online, receive real-time validation edits, and access prior-year data to assist in completing the FISAP. For information about accessing the FISAP on the eCB Web site, refer to the July 18, 2013 Electronic Announcement posted to the Information for Financial Aid Professionals (IFAP) Web site.
The deadline for electronic submission of the FISAP is 11:59 P.M. (ET) on October 1, 2013. Transmissions must be completed by 12:00 midnight.
If you have any questions about the FISAP submission deadline, contact the Campus-Based Call Center at 877/801-7168. Customer service representatives are available Monday through Friday from 8:00 A.M. until 8:00 P.M. (ET). You may also e-mail CBFOB@ed.gov.
Beginning in May 2013, FedLoan Servicing held an At-Risk Delinquency Resolution Contest for schools. Participating schools were provided with a listing of delinquent borrowers, serviced by FedLoan Servicing, who would impact their 2011 or 2012 Cohort Default Rate, if their delinquency was not resolved. The contest ended on August 28, 2013. Here are some highlights:
Congratulations to all participating schools in the winning region – WASFAA! Schools within the Western region cured 31% of their loan delinquencies.
FedLoan Servicing extends a special thank you to all participating schools for the assistance provided to your alumni! Winning schools were provided a customized poster, congratulatory letter, and the option to participate in our FedLoan Servicing FiveStar Training webinar on default prevention or a spotlight in an upcoming FedLoan Servicing Quarterly Bulletin.
Congratulations to the winners!!!!
% of cures
< 50 borrowers
Bryan College (CA)
Plaza College (NY)
51 – 250 borrowers
Howard Community College (MD)
> 250 borrowers
Herzing University (WI)
PUBLIC SECTOR WINNERS
City College of Chicago (IL)
University of North Texas (TX)
PRIVATE SECTOR WINNERS
Resurrection University (IL)
Sharon Regional Health System (PA)
Robert Morris University (IL)
Keiser University (FL)
PROPRIETARY SECTOR WINNERS
Vista College (TX)
GRADUATE AND PROFESSIONAL SECTOR WINNERS
Assemblies of God Theological Seminary (MO)
Eastern Virginia Medical School (VA)
Submitted by Dave Bowman, Regional Marketing Director
Great Lakes Higher Education Corporation and Affiliates
We’re partners in helping students borrow responsibly, complete their education, and find repayment solutions that work for them. Providing loan servicers with valid contact information for your students is a vital step in making sure your students receive the assistance they need from their servicer throughout the life of their loans.
Communicating contact information that changes rapidly as students transition to a new phase in life is one of the best ways to help your students succeed in life beyond campus. When loan servicers can’t connect with your students, it’s difficult to help them. There are several ways you can help.
Whether it’s the spring graduates entering repayment in the next few months or the new students enrolling this fall, make sure you’re connecting them with the help they need. While we can’t always control the obstacles students face, solid relationships and clear communication provide the pathway to success.
Dave Bowman is Regional Marketing Director with Great Lakes, serving schools in Kentucky and Tennessee. You can reach Dave at (888)685-1604, or by e-mail at email@example.com. Additional information about Great Lakes can be found online at www.mygreatlakes.org/web/FAP
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