The Financial Aid Processor Level 1 (FAP1) is primarily responsible for all
aspects of the administration and compliance management for the federal and
state student financial assistance programs at each of the assigned schools. In
addition, the FAP1 will be responsible for any assigned duties as directed by
either the Manager of Financial Aid Processing or the Assistant Manager of
Financial Aid Processing.
Responsibilities
Organizes and manages all required data entry and file maintenance in the
Campus Vue, FAME, Direct Loan, Common Origination (COD), and Disbursement and
NSLDS borrower data management systems.
Organizes and manages all need analysis, loan application, and financial aid
packaging services.
Oversees, organizes, manages, and is responsible for initial compliance for
any use of Professional Judgment, Dependency Overrides, Selective Service,
and/or verification processes at all assigned schools.
Responsible for reviewing and taking action on any assigned financial aid
reports, records, and student files.
May assist in organizing and managing all required data maintenance for
out-of-school borrower services as required in both the Campus Vue and the
NSLDS systems.
Ensures compliance with all state, accrediting, and federal financial
aid-related regulations.
Promptly and accurately reports any suspected instances of non-compliance,
fraud, or abuse to the Manager of Financial Aid Processing, Manager of
Regional Directors, Vice President for Finance, or Senior Vice President for
Financial Assistance and/or higher levels within the organization, as needed
to address and resolve any areas of non-compliance.
Monitors all student financial aid activities to ensure accurate funding and
full compliance with all applicable statutes, rules, and regulations.
Coordinates with all campus personnel and the Manager of Financial Aid
Processing to ensure accurate and timely disbursements and refunds of
federal, state, and agency funds are made to all students and that all
instances of conflicting information are accurately and promptly resolved.
Organizes, monitors, and maintains accurate and timely electronic data entry
& reconciliation as required by any funding agency.
Organize and perform the accurate and timely performance of all Return to
Title IV (R2T4) calculations, R2T4 refunds, credit balance refunds, grant
recalculations, and ineligible/inadvertent disbursement refunds.
Performs other duties as assigned by the Assistant Manager of Financial Aid
Processing, the Manager of Financial Aid Processing, the Manager of Regional
Financial Aid Directors, the Vice President for Finance, the Senior Vice
President of Financial Assistance, and/or the President /CEO of Education
Affiliates.
Regular and reliable attendance.
Preferred Qualifications
Must possess at least 1 year of experience in student financial aid
processing.
Candidates cannot have any student loans in default.
Classification: Non-exempt
Work Hours: 40-hour work week, minimum of 5-day work week, some weekends may be
required
Travel: Periodic overnight travel assignments for training and development,
and/or for special assignments to any of the affiliated schools
Working Environment: remote