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Fiscal Responsibility

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■ FISAP

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Agenda

♦ Desktop references

■ IPEDS♦ When, where and how

90/10■ 90/10♦ What and how

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FISAP

2009-10 FSA Handbook, Volume 2Chapter 10, pages 120-131

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IPEDS

■ HEA 1965

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■ Integrated Postsecondary Education Data System (IPEDS) ♦ Required reporting♦ Non-compliancep

• 27,500 per violation• Suspend Title IV eligibility

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Non-complianceFSA noncompliance actions

number of institutions fined, warned2002-03 2003-04 2004-05 2005-06

Fined78

$1,241,000

39

$370,000

39

$175,500

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$57,000

W d 350 30 12 12Warned ~350 30 12 12

Total ~428 69 51 22

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IPEDS - Data Collection

■ When

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♦ September through May

■ What♦ Enrollment♦ Student status/degrees♦ Student status/degrees♦ Faculty status♦ Race/ethnicity

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New IC Item - Preliminary Early Estimate of Fall Enrollment

Level of Student Full time Part time TotalLevel of Student Full time Part time Total

Undergraduate R R CV

First-time undergrad R R CV

Graduate R R CV

First professional R R CVFirst-professional R R CV

Grand total estimated Fall 2006 enrollment CV

R = reported value CV = calculated value

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Fall Enrollment – Transfers In

full-time undergraduate studentsNonDegree/certificate-seeking Non-

degree/ non-certif

seeking

TotalFirst-time

Transfers in

Other Total

R/E… R R R CV R CVR/E… R R R CV R CV

Total CV CV CV CV CV CV

R = reported valueCV = calculated value

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IPEDS - Training and Resources

■ AIR and IPEDS developing new

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modularized training materials, delivery modes, to supplement workshop format♦ Webinars♦ Tutorials♦ Online courses

■ Covering both data submission and data use (beginning and advanced)

IPEDS and COOL■ Revisions based on work of 2005 AIR/NCES

Senior Fellow

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Senior Fellow ■ Purpose of project - enhance ongoing

development and improvement of College Opportunities Online Locator (COOL)

■ Included:♦ Comparative review of COOL and other college

search sites♦ Interviews/focus groups with high school students,

parents, counselors

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Slide with graphs

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90/10■ Who

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♦ Proprietary only■ What

♦ 90% Title IV and 10% other compliance or limitation waiver

♦ Limitation waiver by July 31♦ Limitation waiver by July 31■ HEOA news

♦ $2,000 unsub

90/10 cite; Sec. 102 of the HEA, 34 CFR 600.5

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90/10

■ Work-study funds, unless the school

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credits payment to student’s account

■ LEAP funds

■ Institutional matching funds

A t f d d t d■ Amounts refunded or returned

■ Books and supplies cost unless included in institutional charges

Sanctions for Non-compliance

■ One year

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♦ Provisional certification for institution’s next two fiscal years

♦ Other means in Secretary’s discretion■ Two years

♦ Loss of eligibility for at least two fiscal years♦ Loss of eligibility for at least two fiscal years♦ To regain eligibility, must demonstrate

compliance with all eligibility and certification requirements for two FYs while ineligible

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■ Analyze where institution is, but also where institution will be with

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90/10 Tips for Compliance

institution will be with■ Review and identify all of the new aid that is now

available to your students■ Think about a 5-year plan■ Aim for more than 10% in non-Title IV funds

F Titl IV h■ Focus on non-Title IV revenue sources, such as Veteran’s programs

■ Work with accredited and state for non-Title IV programs

■ Use several compliance options

90/10 Rule Non-Title IV Options

■ Employer-generated, such as skills

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updates or certifications■ Community focused, such as cooking

classes, “certified” babysitters, camps for summer or school breaksD l ll t ith hi h■ Dual enrollment program with high schools

■ Other within scope of programs

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90/10 Scholarship and Loans

■ Create a scholarship fund from outside sources hsuch as:

♦ Alumni contributions♦ Employer contributions♦ Donations from groups you provide services to (i.e.,

offer to provide services such as massages to convention groups, catering, etc. in exchange for g p , g, gdonations to the fund)

■ Demonstrate loan revenue after 2012■ Be aware of need to follow additional loan rules

and regulations (fair credit, safeguards, etc.)

Questions&

Round Robin

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Thank you for joining me today!