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Latest Innovation Posts
Closing the Gap on FAFSA Completion RatesMay 14, 2024 - 1:53 pm
Navigating the Maze of FAFSA Delays: Understanding your Next StepsFebruary 6, 2024 - 4:52 pm
Preparing for the 2024-25 Award Year: Understanding the FAFSA Simplification ActDecember 28, 2023 - 2:41 pm
Latest Insight Posts
Financial Aid Software: Let’s Assess the SituationNovember 15, 2024 - 12:05 pm
How Institutions Can Access Title IV Financial Aid Relief During DisastersOctober 3, 2024 - 2:22 pm
Navigating the Storm of Higher Education ComplianceAugust 22, 2024 - 5:10 pm
FAS Puts Pieces of Puzzle Together at Clarkson College
Challenge Founded in 1888 as Bishop Clarkson Memorial School of Nursing, Clarkson College is now one of the most thriving allied health care colleges in the region. Located in Omaha, NE, the College has doubled its enrollment over the past decade. When the College needed an interim financial aid director, Controller Megan Wickless-Mulder called on […]
The Timing of Issuing a Federal Credit Balance & Recovering Unclaimed Federal Funds
Issuing a Federal Credit Balance After the start of a term when student aid (including federal aid) has been disbursed to student accounts, most business offices issue credit balances to students within 14 days. That is, 14 calendar days, not business days. Why 14 days? A federal regulation[i] [ii]requires a school to pay directly to […]
How Service Restrictions Help Your Student Accounts Receivable
Students and their families often find themselves in situations where they encounter financial difficulties or have not planned out how to finance their education. Confusion about the financial aid and student loan processes or failure to follow up with necessary information through verification or other school inquiries lead to late or no payments on their […]