TASFAA Community Blog
Doug Savage, TG Senior Regional Account Executive
In many organizations, when the topic of hiring an external service provider comes up, there are usually two schools of thought. From one perspective, getting help from the outside is perceived as less than ideal; decision makers may cite cost, expertise limitations, and a lack of understanding of organizational culture as factors that discourage outsourcing. On the other hand, outsourcing may provide many advantages, including relief for overtaxed staff, reduced training and maintenance needs, and a resource to augment internal expertise.
The following steps help to determine where to head when making this decision.
The most important factor in making the decision to outsource is the business objective. What specific need is trying to be met? Surprisingly, many organizations make outsourcing decisions without clearly defining their objective. This results in frustration, as those in the office will have differing perspectives on the challenge that needs to be addressed leading to different solutions. Once the objective has been clearly defined, it becomes easier to address.
Next, determine the risk that will be faced if the objective is not met. This is a consideration that is often disregarded. Is the objective attempting to address an issue that is critical in nature? Will financial loss, revocation of licenses or privileges, or experience a loss of business opportunities be incurred if the business objective is not met? What is the impact? Determine this in advance; this will provide an understanding of the importance of an effective solution. It may open other opportunities that are less costly or labor-intensive options.
After determining the business objective and identifying the risks involved in not meeting the objective, the next step is to outline all of the functions, features, and expectations for the solution. Once these have been identified, categorize them as “essential” versus “nice to have,” and rank them within these specific categories. The completed list should prioritize all elements.
Once the business need has been defined, the business risk evaluated, and the needs versus the wants identified, examine existing resources to determine feasibility in addressing the business challenge internally. Some issues to consider include:
After taking each of the steps above, it should be asked whether enough information is available to make a decision. Determine what will be needed to address challenges using existing resources or when considering outsourcing. Even if the “wrong” decision is made, going through these steps will provide a way to identify where failures might have occurred. Ultimately, if the decision is made to hire a service provider, the answers to many of the above questions can help evaluate options in the marketplace helping to meet business objectives.
Doug Savage is a senior regional account executive with TG serving schools in TASFAA. You can reach Doug at (800) 252-9743, ext. 6711, or by email at email@example.com. Additional information about TG can be found online at www.TG.org.
There are two upcoming leadership events sponsored by the NASFAA Leadership Development and Professional Advancement Committee. Mark your calendars now or visit the NASFAA website for additional details as they become available.
NASFAA Leadership Conference
The Leadership & Legislative Conference is an annual three-day event, held in the Washington, D.C. area, providing intensive preparation for NASFAA members in association leadership positions, about to assume such positions, or who aspire to association leadership roles. This year, the event will be held March 10-12, 2013 at the LEnfant Plaza Hotel, Washington, DC. Learn more about this unique event online now at www.nasfaa.org/leadership/.
NASFAA Pre-Conference Leadership Seminar
A full day event entitled A Seminar in Successful Financial Aid Leadership will be held on Saturday, July 13th, prior to the NASFAA Conference in Las Vegas NV. This seminar is intended for directors or those who aspire to director roles to provide skills, knowledge and a resource base to enable you to be better in your roles as leaders on your campus as well as managers and administrators in your offices. The cost of the seminar is $115 and registration will be available on the NASFAA Conference website.
DEPARTMENT OF EDUCATION
34 CFR Part 685
[Docket ID ED-2012-OPE-0010]
William D. Ford Federal Direct Loan Program
AGENCY: Office of Postsecondary Education, Department of Education.
ACTION: Announcement of early implementation date.
SUMMARY: The U.S. Department of Education (Department) issues this document to establish the date for the early implementation of William D. Ford Federal Direct Loan (Direct Loan) program regulations that establish a new income-contingent repayment plan based on the President's "Pay As You Earn" repayment initiative (the Pay As You Earn repayment plan).
DATES: The early implementation date for Sec. Sec. 685.208(k)(1) and 685.209(a), published November 1, 2012 (77 FR 66087), is December 21, 2012.
FOR FURTHER INFORMATION CONTACT: For information about the Pay As You Earn repayment plan or how to apply for Pay As You Earn repayment, the
Federal Student Aid Information Center (FSAIC) at 1-800-4FEDAID (1-800- 433-3243). For information on the establishment of the early implementation date, Jeff Baker at 1-202-377-3000.
If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-800-877-8339.
Section 482(c) of the Higher Education Act of 1965, as amended (HEA), requires that regulations affecting programs under title IV of the HEA be published in final form by November 1 prior to the start of the award year (July 1) to which they apply. However, that section also permits the Secretary to designate any regulation as one that an entity subject to the regulations may choose to implement earlier and the conditions for early implementation.
On November 1, 2012, the Department issued final regulations in 34 CFR part 685 for the Pay As You Earn repayment plan (77 FR 66087). In the preamble to the final regulations, the Secretary announced the Department's intent to implement the new Direct Loan program regulations establishing the Pay As You Earn repayment plan as soon as possible.
Implementation Date of These Regulations
The Secretary is exercising the authority under section 482(c) of the HEA to designate the following amended regulations in 34 CFR part 685 for early implementation beginning on December 21, 2012, at the discretion of individual borrowers:
(1) Sec. 685.208(k)(1).
(2) Sec. 685.209(a).
If a borrower elects to implement the Pay As You Earn repayment plan early in accordance with this notice, the borrower will have the rights and be subject to the obligations under both Sec. Sec. 685.208(k)(1) and 685.209(a). To implement the Pay As You Earn Plan early, a Direct Loan borrower must request to repay his or her eligible loans under that plan.
Accessible Format: Individuals with disabilities can obtain this document in an accessible format (e.g., braille, large print, audiotape, or compact disc) on request to one of the contact persons listed under FOR FURTHER INFORMATION CONTACT.
Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available via the Federal Digital System at: www.gpo.gov/fdsys. At this site you can view this document, as well as all other documents of this Department published in the Federal Register, in text or Adobe Portable Document Format (PDF). To use PDF
you must have Adobe Acrobat Reader, which is available free at the site.
You may also access documents of the Department published in the Federal Register by using the article search feature at: www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department.
(Catalog of Federal Domestic Assistance Number: 84.268.)
Dated: December 3, 2012.
Secretary of Education.
[FR Doc. 2012-29525 Filed 12-6-12; 8:45 am]
BILLING CODE 4000-01-P
Credit-based Programs and R2T4
Return of Title IV (R2T4) doesn't have to be daunting. This session walks through a credit-based example to help you understand what it is and when it applies so you can effectively counsel students and help them make informed decisions about withdrawing from school.
Specific topics include:
December 6 @ 11 AM Central time https://glhec.webex.com/glhec/k2/j.php?ED=156736417&UID=1115743912&HMAC=b9fa1cbb9c75111a931d7a897295d839132deab0&RT=MiM3&FM=1
December 12 @ 2 PM Central time https://glhec.webex.com/glhec/k2/j.php?ED=156736472&UID=1115744542&HMAC=6d49443e892e1a0b3cca59c174888968b2ea0c80&RT=MiM3&FM=1
December 20 @ 11 AM Central time https://glhec.webex.com/glhec/k2/j.php?ED=158080427&UID=1119444837&HMAC=7d5fe825d07ad7b3402db58bac1770af4edadd3c&RT=MiM3&FM=1
Clock-hour Programs and R2T4
Return of Title IV (R2T4) doesn't have to be daunting. This session walks through a clock-hour example to help you understand what it is and when it applies so you can effectively counsel students and help them make informed decisions about withdrawing from school.
Specific topics covered include:
December 5 @ 2 PM Central time https://glhec.webex.com/glhec/k2/j.php?ED=156736612&UID=1115745182&HMAC=f6d98ea7460b7a26462f84c0494513b9b72b0750&RT=MiM3&FM=1
December 11 @ 11 AM Central time https://glhec.webex.com/glhec/k2/j.php?ED=156736672&UID=1115745407&HMAC=65bf7d29e868b1532ade3e0f3caf8169d73d6e3b&RT=MiM3&FM=1
December 19 @ 2 PM Central time https://glhec.webex.com/glhec/k2/j.php?ED=158080127&UID=1119443152&HMAC=442f853fa10263dd8ed3cae2f3c283b4e70f30a4&RT=MiM3&FM=1
Satisfactory Academic Progress: Moving Students in the Right Direction
To be eligible for FSA funds, a student must make satisfactory academic progress (SAP), and schools must have a reasonable policy for monitoring that progress. Learn the basics of the SAP policy and how it affects you. This session will review the requirements so you can respond to your students’ needs and move them toward successfully completing the program for which they are receiving aid.
• Understanding institutional requirements
• Identifying student eligibility requirements
• Appreciating the differences between qualitative and quantitative components
• Exploring consumer information requirements
December 4 @ 11 AM Central time https://glhec.webex.com/glhec/k2/j.php?ED=158080852&UID=1119446077&HMAC=1d9a91608fe8d1eb243e528ddb1cb98d0e7d9171&RT=MiM3&FM=1
December 18 @ 2 PM Central time https://glhec.webex.com/glhec/k2/j.php?ED=158080902&UID=1119446757&HMAC=d9e0eaa111b0788796dee3a485b501434ef2c13e&RT=MiM3&FM=1
A Guide to Great Lakes Default Prevention Tools
December 7 @ 2 PM Central time https://glhec.webex.com/glhec/k2/j.php?ED=156699522&UID=1115641302&HMAC=d1e206b14538a7f4679258cf1b5a4777fba9854b&RT=MiM3&FM=1
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