Brian Dickison: would like to provide assistance to students and prevent sending in to unfamiliar situations Tim Bonnel: Invite IRS representative to provide a session/training regarding this Should this be directed to the Chief Business Officers? Suggest Jim Briggs, tax preparer consultant used by CASFAA, be given a question concerning the 1098T and withholding funds for non-SSN/TIN holders from their scholarship/grant needs. Comment made that this information would be more valuable to the Chief Business Officers group. Thalassa Naylor offered to research this issue with both Sallie Mae & Higher One and try to provide the results by or before the Day at the Capitol meetings. Federal Issues Report – Linda Williams E-mail to list serve to point out the highlights Tim Bonnel: ACE Federal Sequestration Paper (handout) that covers the effects of sequestration (if they can’t figure out how to hit the target numbers – automatically go in to do cuts that effects other non-educational programs, e.g., defense) No change to current and 13/13 year federal Pell awards Are in the out years Last 2 pages of document Chart of proposed changes based on sequestration automatic cuts, if this happens Working with colleagues on the east coast Reauthorization Forum in California for CCCs Focus on reauthorization AACC out here in April Proposed Reauthorization session at All Directors’ Training 150% Loan policy Example: someone with a bachelor’s degree comes to your community college’s nursing AS degree – are they Limit is 150% (affects NEW borrowers only) Details haven’t been worked out When it is worked out, we’ll get a Dear Colleague Letter Not sure what will happen for the example above Recommend attending Spring Conference OK to withhold funds until after census per Jeff Baker IF You provide sufficient funds prior to census to purchase books & other resources Cannot deny registration Gainful Employment Only need to update those programs previously reported
Brian Dickison: would like to provide assistance to students and prevent sending in to unfamiliar situations Tim Bonnel: Invite IRS representative to provide a session/training regarding this Should this be directed to the Chief Business Officers? Suggest Jim Briggs, tax preparer consultant used by CASFAA, be given a question concerning the 1098T and withholding funds for non-SSN/TIN holders from their scholarship/grant needs. Comment made that this information would be more valuable to the Chief Business Officers group. Thalassa Naylor offered to research this issue with both Sallie Mae & Higher One and try to provide the results by or before the Day at the Capitol meetings. Federal Issues Report – Linda Williams E-mail to list serve to point out the highlights Tim Bonnel: ACE Federal Sequestration Paper (handout) that covers the effects of sequestration (if they can’t figure out how to hit the target numbers – automatically go in to do cuts that effects other non-educational programs, e.g., defense) No change to current and 13/13 year federal Pell awards Are in the out years Last 2 pages of document Chart of proposed changes based on sequestration automatic cuts, if this happens Working with colleagues on the east coast Reauthorization Forum in California for CCCs Focus on reauthorization AACC out here in April Proposed Reauthorization session at All Directors’ Training 150% Loan policy Example: someone with a bachelor’s degree comes to your community college’s nursing AS degree – are they Limit is 150% (affects NEW borrowers only) Details haven’t been worked out When it is worked out, we’ll get a Dear Colleague Letter Not sure what will happen for the example above Recommend attending Spring Conference OK to withhold funds until after census per Jeff Baker IF You provide sufficient funds prior to census to purchase books & other resources Cannot deny registration Gainful Employment Only need to update those programs previously reported
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