Loan Sessions

U.S. Loan Sessions for Administrators at Foreign Schools

Our summer round of sessions for 2022 will continue to be virtual.

As always, they are designed to specifically speak to the issues of administrators processing US loans at international ‘foreign schools’.

The sessions break through the jargon. We will focus on translating exactly what the Feds are looking for in a non-US setting. The sessions are designed to help you feel more confident in administering the program with a focus on best practices and how to improve your procedures.

These sessions are for loan administrators only, to access the details please contact us.

Here is feedback from previous virtual sessions:

“Preparing for the new Audit Guide’ zoom webinar was relevant, informative and extremely helpful!’”

“Erich is very knowledgeable about US loans, and provides a very informative and useful session on the new audit requirements. I would recommend attending this in preparation for the new loans, especially as there are opportunities to ask key questions about any areas of uncertainty you may have.”

“The course gave me an opportunity to reflect on areas of the new audit guide which I hadn’t to now realised would have such a big impact on our processing year.”

Attendees to the sessions will also receive:

Copies of all presentations
Example Packaging Spreadsheet to assist with the calculation of student aid
Example Student ‘Award Letter’
Example Student File checklist, designed to help you with the new audit guide
A straightforward, simple timeline of the General Process of Federal Loans

Session details:

We are doing three stand alone sessions, but if you book in for two or all three, there is a discount. All prices are in US dollars and are per person. The first session is a repeat of what we did in March 2022.

Session One: Introduction to the US loan programs

Appropriate for those looking for an introduction to the US aid programs or a refresher of the fundamentals. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: Provides a full overview of US Federal aid at foreign schools, helps you understand the requirements for participation in the programs, you’ll understand how to package aid, and what are the key required policies & procedures you need to address.

Date: 13 June 2022

Timings: From 11am to 4pm (with a break of one hour) GMT

Session Two: Getting Ready for Origination, Default Management and Reconciliation

Here we will have a variety of sessions to go through a detailed review NSDLS processes and overall functionality, reconciliation tips and cash management rules, managing your Default Rate and timely process of getting ready for origination. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: It’s the time of year that loans are originated, what do you need to know to get your loans ready? What to do to keep your default rate low. Plus looking at NSLDS reporting and other key functionality in the site. Finally, tips for reconciliation and cash management.

Date: 15th June 2022

Timings: From 11am to 4pm (with a break of one hour) GMT

Session Three: Getting ready for Your Audit Guide

As many institutions have their year end soon, it’s a good time to look at what the auditor will be reviewing and if you’re ready. This is designed with the new audit guidance. It will take an in-depth review of the new audit guide, covering policy and procedures that institutions should already have in place. We will discuss topics ranging from Academic Year, and scheduling disbursements correctly. This session will also include a brief presentation from Western Union on how they can assist with the electronic payments of private and Federal funds.

Key takeaways: ‘Translates’ the audit requirement areas and how to use the audit guide as a tool to prepare for the audit. Additionally, we will deep dive into how you should correctly create loan periods and really understand the scheduling of disbursements. Plus a presentation on security and privacy policies providing a summary of the required written procedures for the 21-22 audit.

Date: 16th June 2022

Timings: From 11am to 4pm (with a break of one hour) GMT

Pricing

Individual sessions are $275 per person.

Discount for Multiple sessions: If you want to attend more than one session you can book two for $375 or all three for $475 per person.

How to book multiple dates: Just click on the first date you’d like to attend for the various ticket options.

Questions? Just ask.

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