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Financial Aid Specialist, Default Prevention and Compliance

Essential Functions:

  • Interacts with other University departments such as the Financial Aid Application Team, Registrar, Student Services, and Financial Aid Funding to resolve identity issues and to achieve daily goals.
  • Assists in the monthly testing of compliance components such as student eligibility, awarding, entrance and exit counseling, return of funds and academic progress. 
  • Supports the preparation of student records for annual audit.
  • Provides research assistance on regulations and contributes to the preparation of reports on the University’s administration of Federal Student Aid (FSA).
  • Provides recommendations to the Director, Financial Aid and Compliance regarding policy and process compliance.
  • Assists with Educational Credit Management Corporate Solutions follow-up for students who appear on reports to proactively contact students in danger of defaulting and explaining available options.
  • Keeps students engaged with the University and supports retention, communication, and academic rehabilitation.
  • Updates and verifies entrance and exit counseling.
  • Reviews default reports for errors.
  • Counsels students on use of National Student Loan Database System to track loan history, lenders and servicers.
  • Researches and makes use of best debt management tools.
  • Attends training sessions focused on default management.
  • Reports to Director, Financial Aid and Compliance on the progress of student debt and default activities, and other pertinent information.
  • Actively works on National Student Loan Database System issues such as crossover loans, attendance at two schools, potential over payment (POP) of Federal Pell Grant, and test year-round Pell eligibility.
  • Assists students, third party vendors and colleagues via telephone and e-mail regarding the financial aid application and award process as needed.
  • Examines Subsequent Institutional Summary Information Report.
  • Runs and reviews the University’s Identity Theft Prevention Program reports (Red Flags).
  • Researches and monitors activities of the Red Flags population and issues reports to the Director, Financial Aid and Compliance. 
  • Reviews Information Technology work orders and performs User Acceptance Testing as needed.
  • Completes special projects as assigned.

Work Environment and Physical Demands:

  • Standard office environment in Charles Town, WV.
  • May be required to work non-traditional hours, which may include evenings and/or weekends, on short notice.

Required Skills:

  • Must be detail-oriented.
  • Must demonstrate critical thinking skills, including: observation, analysis and explanation.
  • Must have excellent verbal and written communication skills.
  • Intermediate skills with Microsoft Office, specifically Access, Excel and Word.

Required Experience:

  • Associate degree from an accredited institution required; Bachelor's degree preferred.
  • Two or more years full-time experience in student financial aid or other student facing processes.
Company Name:
American Public University System
Approximate Salary:
Not Specified
Location:
Charles Town, West Virginia
Country:
United States
Industry:
Accounting/Finance
Position type:
Full Time
Experience level:
2 - 5 years
Education level:
Associate Degree
Contact:
Beth Adams
ID
3470