BeautyLink - Volume 10 Issue 2 - 24

How
to
Stay
on

AND THEN THERE'S
COMPLIANCE
RAWPIXEL.COM/SHUTTERSTOCK.COM

BY SHERWIN HIBBETS

A HIGHLY REGULATED environment as expe-

rienced with the Federal Student Aid (FSA)
Programs - or Title IV programs - creates
a challenge of how to stay informed about
recent changes. Beyond the legislative and
regulatory documents, the latest interpretation from the U.S. Department of Education (ED) is needed on these matters. It
seems there is so much to know, and so
little time to get the answers!
Whether looking for general financial
aid knowledge, the latest changes in
regulations, ED's current policy guidance, or best practices in the financial
aid arena, one is often at a loss of where
to find the appropriate information.
There are some basics that are vital to
staying knowledgeable of these critical
areas, thereby increasing the likelihood
of compliance.

24

Informed

bottom of the front page on IFAP. This
area directs attention to ED's newly disseminated Electronic Announcements
(EAs), Dear Colleague Letters (DCLs) and
reference materials (e.g., NSLDS reference
materials, etc.).
Additionally, it is noteworthy that the
"Letters & Announcements" section in the
right margin provides links to current and
historical DCLs and EAs. These provide
ED's current interpretation of regulatory
requirements, as well as its most recently
expressed concerns impacting institutions' operations.
Beyond documents, it is important that
an informed FAA be aware of, and participates in, ED's frequent Webinars. The
Webinars are announced through EAs
and are archived under the "Training &
Conferences" link on IFAP. Additionally,
in this area, one can find information
about ED's annual Federal Student Aid
(FSA) Conferences, to include available
recordings of sessions held at prior conferences in addition to other training
opportunities.

Where is My Toolkit?

Where Else May I Go to
Learn About Changes?

A daily perusal of the Information for
Financial Aid Administrators (IFAP)
web site at https://ifap.ed.gov/ifap/
should be a given as the foundational tool
in the financial aid administrator (FAA)'s
toolkit. Professionals can subscribe to
IFAP via the "My IFAP" link in the left margin of the main IFAP page. A subscription
allows you to be alerted of new postings
by ED.
IFAP contains the resources for improving one's knowledge, as well as enhancing operational compliance. An FAA can
find instruments there to aid in everyday
functions, such as reference and processing tools - items to get the job done! For
example, the current Federal Pell Grant
Payment and Disbursement Schedules and
Return of Title IV Funds (R2T4) worksheets are available via the tabs on IFAP's
front page.
FAAs are made aware of recent postings by the "What's New" section at the

Beyond IFAP, there are other resources
institutions may consider. Professional
organizations provide legislative and
regulatory analyses related to matters
of industry concern. Some pertinent ones
include:
* A mer ic a n
A s s o c i at ion
of
Cosmetology Schools (AACS) -
www.beautyschools.org : provides
advocacy, legislative tracking, and educational Webinars. AACS has a listserv
for pertinent e-mail dialogs and updates
to which institutions can subscribe.
* Career Education Colleges and
Universities (CECU) - www.career.org.
CECU leads the proprietary sector in
advocacy, as well as legislation and
regulatory analyses.
* National Association of Student
Financial Aid Administrators
(NASFAA) - www.nasfaa.org. NASFAA
is the national entity for financial aid
professionals. Some features include:

| B E AU TYLINK | E N LI G HTEN | 2 018

Financial aid advocacy
Training opportunities
Benchmarking surveys and reports
NASFAA's Today's News (membership required)
❯ Compiled Title IV legislation and Title
IV regulations
❯ Search by topic in Student Aid index
(membership required)
* Third-Party Servicers (TPS) -
Institutions contracted with a TPS may
find their servicer provides regular news
and updates on FSA programs, as well
as routine training on such matters in
a variety of formats.
❯
❯
❯
❯

Where Do I Go to Find
Best Practices?
Similar to the resources mentioned about
regulatory and legislative changes, institutions will find that many of the referenced
entities will also provide insights into "best
practices." As an example, one could go
to www.nasfaa.org and search that topic
in the "search" box. Likewise, CECU's
Resource Center may provide useful information, as likely will an institution's TPS.
What's more, it should be remembered
that ED offers means for learning best
practices, too. One such method is ED's
FSA Assessments. The assessments offer
ED's insights on how to perform various
functions, and activities or checklist tools
for doing a self-assessment. Further, an
institution may consider ED's FSA Coach
online training for various aspects of FSA
program administration.
Most states also have an association for
FAAs. (Links to each state and regional
association of student financial aid administrators are on NASFAA's web site under
Tools/Resources.) Further, there are other
career-specific associations that may benefit a particular institution.
An institutional administrator, FAA or
CEO can easily see that resources abound
to help fulfill your need to stay informed
and up to date on matters crucial to compliance. And, as a reminder, it is always
good to start the search for knowledge,
information, examples or data before a
crisis moment.


http://www.RAWPIXEL.COM/SHUTTERSTOCK.COM http://www.nasfaa.org https://ifap.ed.gov/ifap/ http://www.beautyschools.org http://www.career.org http://www.nasfaa.org

Table of Contents for the Digital Edition of BeautyLink - Volume 10 Issue 2

Introduction to AACS 2018 Partnership Program Guide
message from the AACS president and CEA chair
workings of Washington
Spring Leaders Summit/Capitol Hill Day
CEA Conference Preview
Industry Partners Going Above and Beyond
Legal Environment Update
beauty changes lives
and then there’s compliance
people & places
new products & services
associate member profiles: Enlighten
new school members
index to advertisers
advertisers.com
BeautyLink - Volume 10 Issue 2 - Intro
BeautyLink - Volume 10 Issue 2 - cover1
BeautyLink - Volume 10 Issue 2 - cover2
BeautyLink - Volume 10 Issue 2 - 3
BeautyLink - Volume 10 Issue 2 - Introduction to AACS 2018 Partnership Program Guide
BeautyLink - Volume 10 Issue 2 - 5
BeautyLink - Volume 10 Issue 2 - 6
BeautyLink - Volume 10 Issue 2 - 7
BeautyLink - Volume 10 Issue 2 - 8
BeautyLink - Volume 10 Issue 2 - 9
BeautyLink - Volume 10 Issue 2 - 10
BeautyLink - Volume 10 Issue 2 - message from the AACS president and CEA chair
BeautyLink - Volume 10 Issue 2 - 12
BeautyLink - Volume 10 Issue 2 - workings of Washington
BeautyLink - Volume 10 Issue 2 - 14
BeautyLink - Volume 10 Issue 2 - Spring Leaders Summit/Capitol Hill Day
BeautyLink - Volume 10 Issue 2 - 16
BeautyLink - Volume 10 Issue 2 - CEA Conference Preview
BeautyLink - Volume 10 Issue 2 - Industry Partners Going Above and Beyond
BeautyLink - Volume 10 Issue 2 - 19
BeautyLink - Volume 10 Issue 2 - Legal Environment Update
BeautyLink - Volume 10 Issue 2 - 21
BeautyLink - Volume 10 Issue 2 - 22
BeautyLink - Volume 10 Issue 2 - beauty changes lives
BeautyLink - Volume 10 Issue 2 - and then there’s compliance
BeautyLink - Volume 10 Issue 2 - 25
BeautyLink - Volume 10 Issue 2 - 26
BeautyLink - Volume 10 Issue 2 - people & places
BeautyLink - Volume 10 Issue 2 - 28
BeautyLink - Volume 10 Issue 2 - new products & services
BeautyLink - Volume 10 Issue 2 - associate member profiles: Enlighten
BeautyLink - Volume 10 Issue 2 - 31
BeautyLink - Volume 10 Issue 2 - new school members
BeautyLink - Volume 10 Issue 2 - index to advertisers
BeautyLink - Volume 10 Issue 2 - advertisers.com
BeautyLink - Volume 10 Issue 2 - cover3
BeautyLink - Volume 10 Issue 2 - cover4
BeautyLink - Volume 10 Issue 2 - outsert1
BeautyLink - Volume 10 Issue 2 - outsert2
BeautyLink - Volume 10 Issue 2 - outsert3
BeautyLink - Volume 10 Issue 2 - outsert4
BeautyLink - Volume 10 Issue 2 - outsert5
BeautyLink - Volume 10 Issue 2 - outsert6
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