Financial Aid Specialist

Salary :

$23 - 30 hourly

Company : The Shs Group

Job Type : Full Time

Brick , Nj 08723

Job Description - Financial Aid Specialist

Job Description

The Financial Aid Specialist will train and oversee financial aid representatives at all campuses as well as administer, package, and award aid within the required timelines for students and their families on behalf of The Academy.

Must have knowledge of current Department of Education regulations to ensure proper handling of funds.

Completes quarterly and yearly Federal government reports.\

LMA - Lead. Manage. Hold Accountable.

Financing

Awarding

Verify student if applicable

Loan Disclosure Completed to determine eligibility /acceptance of aid package

Request Disbursements

Send FAME Tuition reports to accountant weekly

Disbursing

Disburse aid using Direct Loan / Pell Disbursement Sheet

Cross check disbursements entered into student ledgers for accuracy

Payments

Compile daily tuition deposits and take to the bank

Monitor Tuition Options Payments weekly

Collections

Training Financial Aid Representatives

Attend & Schedule Reps for financial aid training (webinars or onsite)

Document Verification

Oversee Accurate Placement Order for Student Files as per FA checklist

Reporting & Compliance

Ipeds - 4 times per year

Campus Crime Annual Report

1098-T’s to student and IRS

Gainful Employment Reports

Net Price Calculator

NSLDS updates

Compile data for Program Review if Academy is selected to complete a review

Review Cohort Default Report and present to Director/owner(s)

Update Academy policies affecting financial aid with the help of the owner/director

Title IX - Personal Annual Training, staff annual training, new student informational session, Monitor of reported events,

Constitutions day - completed annually, present to student and staff

COA surveys & Budgets

Student Services

Drops

Conduct Exit Interview and collect documentation including Exit Loan Counseling for students who withdraw

Complete R2T4 SERVICER worksheet for Title IV Aid students who withdraw

Complete Academy Refund Worksheet for withdrawals

Ensure failed Satisfactory Academic Progress evaluations are reviewed

Audits

Work with Director and Director of Financial Aid to the necessary documents/files

Job Types: Full-time, Part-time

Pay: $23.00 - $30.00 per hour

Benefits:

401(k)

401(k) matching

Dental insurance

Flexible schedule

Health insurance

Paid time off

Professional development assistance

Retirement plan

Work Location: In person

Innovate Salon Academy is a revolutionary Cosmetology Training Center that is looking for dynamic, highly creative and motivated leaders to join our team at our South Plainfield, Ewing, and Brick Campuses.

Innovate Salon Academy’s commitment to excellence allows us to offer empowering and professional learning opportunities of ‘real-life’ hands-on salon, spa, and barber shop experiences.

On-trend technical training, current technologies, and industry inspired business and social media classes.

Our dedicated curriculum and specialized educators provide a progressive education that gives you the opportunity to develop your trade to change your personal and professional life and jump-start your beauty career.

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Financial Aid Specialist

Job Description - Financial Aid Specialist

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