Federal & State Aid Coordinator at Webster University

Webster Groves, Missouri, United States -

Full Time

Start Date

Immediate

Expiry Date

23 Aug, 26

Salary

0.0

Posted On

25 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Federal Aid Processing, Compliance Monitoring, Financial Reconciliation, Staff Training, Loan File Review, Enrollment Reporting, Exit Counseling, System Set-up, Policy Manual Maintenance, Critical Thinking, Troubleshooting, Research

Industry

Higher Education

Description

* Assists the Director and/or Assistant Director in the recommendation and development of financial aid office federal aid (Pell, TEACH, Work Study, and Loan) processing policies and procedures to ensure compliance with federal student aid regulations. * Charged with staying up to date on Federal aid rules and regulations * Responsibility for training office staff on federal aid policy and office policies and processing procedures that fall within your purview * Responsible for the reconciliation of Federal Loan, Pell Grant, and TEACH grant disbursements, in collaboration with the University Finance department on a monthly basis. * Responsibility for requesting, reconciling, and monitoring eligibility for state grant funds. * Reviews daily loan files and works to resolve any rejected and errored loan files, as well as reviewing and correcting issues that prevent federal aid from posting * Ensures that federal loan disbursement and posting dates are in alignment with federal guidelines, and makes corrections as necessary * Collaborates with the Registrar’s Office on the timely reporting of enrollment * Executes the federal loan exit counseling process at the conclusion of each semester * Assists the Assistant Director and the Director in annual system set-up for the federal aid * Coordinates annual Scholarnet updates for Private loan lenders * Maintains and updates the Policy and Procedure manual for federal and private student loan programs * Serves as the backup for Return to Title IV (R2T4) and verification functions * Other duties as assigned Qualifications * Minimum of three years of Student Financial Aid experience * Working knowledge of federal student aid programs * Familiarity with Federal aid systems including FSA Partner, NSLDS, COD, and FAA Access * Attention to detail * Ability to research federal aid regulations and apply critical thinking skills to apply regulations * Ability to work independently and troubleshoot issues as they arise

Responsibilities

The coordinator manages federal and state financial aid processing, ensuring compliance with regulations and coordinating disbursements. They are responsible for training staff, reconciling funds with the finance department, and maintaining policy manuals.