FEDERAL WORK STUDY AND THE MINIMUM WAGE

If your school participates in the Federal Work Study (FWS) program, make sure you keep an eye on a continuing national trend to increase minimum wage. This is a popular issue and varies from state to state. Increases in your … Continued

REPORTING RESULTS OF VERIFICATION GROUPS V4 & V5

Reporting verification results for groups V4 and V5 is required only when the institution has received an ISIR that indicates that the Department has placed the applicant in Verification Tracking Group V4 or Verification Tracking Group V5 and the institution … Continued

FEDERAL DIRECT LOAN PROGRAM RECONCILIATION

In an electronic announcement dated November 21, 2015, USDE provided specific information to assist your school with reconciling the William D. Ford Federal Direct Loan (Direct Loan) Program. The information provided below should be viewed by both the Financial Aid … Continued

150% DIRECT SUBSIDIZED LOAN LIMIT PROCESSING TIPS AND REMINDERS

In Electronic Announcement #15 USDE provides processing tips and reminders to assist schools in researching and resolving Cod System Edits 204, 205, and 206   COD Reject Edit 204 (Incorrect Program CIP Code Submitted) Schools should ensure they are reporting … Continued

GAINFUL EMPLOYMENT DISCLOSURE REQUIREMENTS AND DEADLINE

As a reminder, schools must update their GE program disclosure information annually. They must make it prominently available in their promotional materials and make it prominent, readily accessible, clear, conspicuous, and directly available on any Web page containing academic, cost, … Continued

GAINFUL EMPLOYMENT REPORTING REQUIREMENTS

Under the final gainful employment regulations published in the October 31st Federal Register, you will have until July 31, 2015 to report data on students who were enrolled in their gainful employment programs for the prior six years (08/09; 09/10; … Continued

IRS FORM 1098 REPORTING REQUIREMENTS FOR SCHOOLS

There are two school reporting requirements that involve FSA that are not Department of Education requirements. Both reporting requirements are Treasury Department/Internal Revenue Service (IRS) requirements.   There are two variations of IRS form 1098 that your school’s business office … Continued

We Wish You A Happy Holiday Season!

This holiday season, we are grateful for our work with all of you. Thanks for giving us the opportunity to serve you. The entire DJA team sends you warmest thoughts and best wishes for a fabulous holiday season.