Give back the money!? That’s right. Violations of financial aid verification remain in the top 10 most common audit and program review findings for the past three years and that can lead to students receiving ineligible disbursements and schools having to return their federal funds and possibly incur penalties and/or fees. To help avoid this, […]
Given the increasing and rapidly changing risk, cybersecurity should be a key focus for all higher education institutions. Institutions collect and store a wide variety of data across many departments, ranging from health and financial information to intellectual property. Students and their families, employees, and the general public have high expectations for how your institution […]
People with good academic ideas often don’t consult their financial aid officer before beginning their new venture. That oversight can cost the school and the person with the great idea valuable time, money, and wasted effort. Federal regulations are sometimes ridged, but they are also flexible enough to allow institutions to be creative in developing […]
It was not an uncommon mistake. When Yellowstone Christian College (YCC) achieved candidacy with their accrediting agency, they chose a highly recommended third party servicer to help with the complexity of launching Federal Student Financial Aid. They expected the servicer to do the heavy lifting. What they did not expect was to be told they could […]
