Transcript Document
Consumer Disclosures Angela Karlin University of Central Missouri Consumer Disclosure Requirements • HEA requires institutions to disclose certain information as part of Title IV participation. • Wide range of disclosures. • Disclosures often require information from offices across the institution, not just the financial aid office. Net Price Calculator Section 132(h) of the HEA states: “Each institution of higher education that receives Federal funds under title IV shall make publicly available on the institution’s website a net price calculator to help current and prospective students, families, and other consumers estimate a student’s individual net price at such institution of higher education.” Net Price Calculator What is required? •ED was required to develop a net price calculator (NPC) template •Institutions had two years from the date that the template was released to post a NPC to their websites Required by 10/20/2011 May use ED’s template OR an IHE-developed NPC. An IHE-developed NPC must contain same minimum data elements as the ED template Must include disclaimers Net Price Calculator –Minimum Requirements Input Elements (To approximate the student’s EFC) Student’s income Number of people in the household Dependency status (or factors that estimate dependency status) Output Elements Estimated total price of attendance Estimated tuition and fees Estimated room and board Estimated books and supplies Estimated miscellaneous expenses (personal, transportation, etc.) Estimated total grant aid Estimated net price Percent of the cohort (FTFT) that received grant aid Net Price Calculator NPC guidance •When and how often must I update our NPC? Update on an annual basis, when new data become available to do so COA and grant aid data are from the same year and represent actual, not projected data ED will release updated versions of the template annually in January •May we use a 3rd party’s (e.g., State, college system, private servicer) NPC? Must access the NPC via the institution’s “.edu” URL Calculator must have all minimum elements Institution-specific data NOTE: cannot direct users to ED’s website Frequently Missing Disclosures •Gainful Employment (the basics) •Annual Notice •Drug and Alcohol Abuse Prevention •FERPA Notification •Voter Registration •Copyright Infringement •Satisfactory Academic Progress (SAP) policies •The Clery Act & Drug-Free Schools & Communities Act Where to Begin? Used these resources to identify needs FSA Assessments on consumer information •http://ifap.ed.gov/qahome/qaassessments/consumerin formation.html NPEC report and supplement •http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=20 10831rev (part 1) •http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=NP EC2012831 (supplement) FSA Handbook – Volume 2, Chapters 6 – 8 Regulations – 34 CFR § 668, Subpart D www.ecfr.gov UCM’s Journey • As of Fall 2012, we had no consumer disclosure page on our website. • Some offices were in compliance, but not in one spot for our students/families. Others had not published required information. • HLC was coming in March 2014…had to have it for the site team to review. • Program Review…sigh. UCM’s Journey • Created Spreadsheet to identify needed elements and owners of data • Brought owners together in a group setting to discuss needs and importance of compliance • Each owner had to identify where data was on website. • Owners were given two weeks to review and implement UCM’s Journey • Created master calendar of critical dates Clery report notice FERPA notice Website update deadlines • Committee has a Google doc and calendar to use and updated • Financial Aid and Student Affairs co-chair the committee Link name Current UCM page to link to OR external link Notice of Availability of Institutional Financial Aid Information http://www.ucmo.edu/academics/catalogs/documents/2013UGCatalog.pdf Contact Information for Asssistance in Obtaining Institutional or Financial Aid Information www.ucmo.edu/sfs College Naviagator Profile National Center for Educational Statistics Data Overview Family Educational Rights and Privacy Act Facilities and Services for Students with Disabilities Non-Discrimination Policy--Title IX Student Diversity Price of Attendance Refund Policy Requirements on Return of Federal Financial Aid Textbook Information Educational Programs Instructional Facilities Faculty Instructional Facilities Accreditation, Approval and Licensure of Institution and Programs Copyright Infringement Policy and Sanctions Computer Use and File Sharing Student Activities Career and Job Placement Services http://nces.ed.gov/collegenavigator/?q=University+of+Central+Missouri&s=all&id=176965 pdf was sent to Amber http://www.ucmo.edu/student/documents/ferpa.pdf http://www.ucmo.edu/access/ http://www.ucmo.edu/titleix/ http://nces.ed.gov/collegenavigator/?q=University+of+Central+Missouri&s=all&id=176965#enro http://www.ucmo.edu/costs/ http://www.ucmo.edu/ir/characteristics/refund.cfm http://www.ucmo.edu/sfs/other/returnt4aid.cfm http://www.ucmbookstore.com/SelectTermDept.aspx Undergraduate http://www.ucmo.edu/campusmap/ need listing http://www.ucmo.edu/undergrad/transfer/transferpolicies.cfm http://www.ucmo.edu/about/facts/documents/accredit.pdf http://library.ucmo.edu/copyright/ http://www.ucmo.edu/ot/policy/ http://www.ucmo.edu/osa/ http://www.ucmo.edu/career/ Net Price Calculator Assistance Available from Federal, State and Institutional Programs Initial Loan Counseling for Student Borrowers Notice of Federal Student Financial Aid Penalties for Drug Law Violations Student Loan Information from U.S. Department of Education Preferred Lender List and Preferred Lender Arrangements http://www.ucmo.edu/costs/ http://www.ucmo.edu/academics/catalogs/documents/2013UGCatalog.pdf https://studentloans.gov/myDirectLoan/index.action http://ucmo.edu/sfs/other/documents/Drug%20Law%20Violations.pdf http://www.direct.ed.gov/student.html http://www.ucmo.edu/sfs/explore/funding/alternative.cfm Alcohol and Substance Abuse Policy Drug and Alcohol Abuse Prevention Program/Biennial Review Vaccination Policy Campus Security Policies, Crime Statistics and Crime Log Retention Rates Graduation Rates Graduation Rates for Students Receiving Athletically Related Student Aid Job Placement and Graduate School Acceptance for Graduates Teacher Preparation Program Report http://www.ucmo.edu/student/documents/decisionmaking.pdf http://www.ucmo.edu/vsap/documents/biennial_review_fall_2012_UCM_001.pdf http://www.ucmo.edu/uhc/immunization_policy.cfm http://www.ucmo.edu/ps/police/stats.cfm http://nces.ed.gov/collegenavigator/?q=Central+Missouri&s=all&id=176965#retgrad http://nces.ed.gov/collegenavigator/?q=Central+Missouri&s=all&id=176965#retgrad http://fs.ncaa.org/Docs/newmedia/public/rates/index.html http://www.ucmo.edu/career/students/resources/stats.cfm Need--joyce to provide