Fin Aid Processor Lev 1 at FORTIS Colleges and Institutes

White Marsh, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Jul, 26

Salary

0.0

Posted On

07 Apr, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial aid administration, Compliance management, Data entry, File maintenance, Need analysis, Loan application, Financial aid packaging, Professional judgment, Dependency overrides, Verification processes, Reporting, Reconciliation, R2T4 calculations, Grant recalculations, Student borrower services

Industry

Higher Education

Description

The Financial Aid Process 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 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 performs 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, Manager of Financial Aid Processing, Manager of Regional Financial Aid Directors, Vice President for Finance, 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 assignements for training and development and/or for special assignments to any of the affiliated schools Working Environment: remote

Responsibilities

The Financial Aid Processor is responsible for the administration and compliance management of federal and state student financial assistance programs. They manage data entry, financial aid packaging, and ensure accurate disbursements and regulatory compliance across assigned schools.