Financial Aid Specialist
Under the direction of the assigned manager, advise, evaluate and award Federal, State, and institutional financial aid to eligible students; to provide information to faculty, staff, parents and students regarding financial aid policies, procedures and programs; to fulfill Federal and State financial aid processing and reporting requirements; and to perform a variety of technical tasks relative to assigned area of responsibility. Review, evaluate, maintain, reconcile and adjust financial aid awards.
Responsibilities and Duties
Assist students with financial aid questions, concerns by email, phone and virtual counter. Review reports to comply with federal, state and institutional regulations and policies. Monitor awards for accuracy. Remain current on revised policies and procedures. Assist in the administrator of student loans, review request to determine eligibility and certify loans. Utilize a variety of automated financial aid computer support systems. Process student free application for Federal Student Aid by determining student household data. Advise and counsel students on aspects of financial aid including, but not limited to, satisfactory progress, Veteran's benefits, ineligibility, appeals, rules and regulations; assist applicants in completing related forms; answer questions. Determine student eligibility for financial aid; compile and analyze student financial aid data in preparation for awarding; research prior awards; review federal tax forms and verify income; make any necessary adjustments to ensure compliance with District, State, and Federal regulations; notify students of awards; enter information into computer system; create and maintain records.
Participate in the administration of various student loans; review student loan requests to determine eligibility; certify loans and notify students of eligibility; enter student information into the computer system and originate loan amounts; create and maintain loan records. Review loan promissory notes for accuracy and completeness to comply with Direct Lending standards; print promissory notes and verify against acknowledgments; verify notes for signatures; compile and send notes to the loan processing center.
Calculate overpayments, research, compile necessary information and reports; determine amount owed by students; assist to implement collection procedures; explain overpayment causes and ramifications to students and provide referrals for assistance. Reconcile District records and reports received from the Department of Education for financial aid. Utilize a variety of automated financial aid computer applications to update or modify student financial aid reports and status. Develop and maintain a variety of electronic databases to track automated records of defaulted and delinquent student loans; communicate with delinquent borrowers regarding options; send borrowers' information to nation-wide guarantee and collection agencies.
Electronically process student status confirmation reports; collect current enrollment information and borrower's completion date to update the accuracy of reports; import and export a variety of data with direct lending and all third-party agencies for loan reporting. Provide assistance to students regarding the Higher One banking system; communicate with Higher One as an administrator regarding verification of funds, ordering cards, authorizations and status of funds. Award Chafee grants to foster youth students after verifying, evaluating, and submitting electronic data (Needs Analysis) to California Student Aid Commission. Counsel one-on-one with Chafee grant recipients and explain requirements for continued Chafee grant eligibility. Resubmit electronic data for ineligible foster students and return checks by mail. Keep accurate data on file. Verify and approve AmeriCorps vouchers.
Review updated or new technical instructions or references for electronic correction of financial aid applications; create and disseminate information. Coordinate the Federal work-study program; develop contracts between the College departments and students; develop and maintain accurate job descriptions; conduct orientations for Federal work-study supervisors. Advise or refer students to job sites under the work-study program; monitor student earnings using appropriate computer systems; resolve discrepancies with missing payroll paperwork; manage and reconcile Federal work-study funds; create and maintain reports.
Prepare a variety of consumer information, applications and other materials to conduct workshops for financial aid programs such as Federal work-study, loan programs, and default prevention. Inform students of direct loan and institutional policies related to program requirements, deadlines during school, and loan obligations after graduation. Organize and maintain official student files in accordance with Veteran's Administration rules and regulations; submit enrollment certifications, prepare necessary reports and other paper work required by the Veteran's Administration. Research, understand and monitor complex Federal and State regulations regarding budgets; perform budget maintenance. Prepare a variety of internal forms and documentation. Participate in maintaining the department s website; update as needed. Oversee other programs such as the California College Promise Grant. Perform related duties and responsibilities as assigned.
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