Federal & State Aid Coordinator

Federal & State Aid Coordinator Webster University - 4.1 St. Louis, MO Job Details Full-time 1 day ago Qualifications Financial data reconciliation Compliance with loan regulations Research Mid-level 3 years Policy & process development College financial aid assistance Training & development Loan document verification Overseeing training Student loans Full Job Description Assists the Director and/or Assistant Director in the recommendation and development of financial aid office federal aid (Pell, TEACH, Work Study, and Loan) processing policies and procedures to ensure compliance with federal student aid regulations. Charged with staying up to date on Federal aid rules and regulations Responsibility for training office staff on federal aid policy and office policies and processing procedures that fall within your purview Responsible for the reconciliation of Federal Loan, Pell Grant, and TEACH grant disbursements, in collaboration with the University Finance department on a monthly basis. Responsibility for requesting, reconciling, and monitoring eligibility for state grant funds. Reviews daily loan files and works to resolve any rejected and errored loan files, as well as reviewing and correcting issues that prevent federal aid from posting Ensures that federal loan disbursement and posting dates are in alignment with federal guidelines, and makes corrections as necessary Collaborates with the Registrar's Office on the timely reporting of enrollment Executes the federal loan exit counseling process at the conclusion of each semester Assists the Assistant Director and the Director in annual system set-up for the federal aid Coordinates annual Scholarnet updates for Private loan lenders Maintains and updates the Policy and Procedure manual for federal and private student loan programs Serves as the backup for Return to Title IV (R2T4) and verification functions Other duties as assigned Minimum of three years of Student Financial Aid experience Working knowledge of federal student aid programs Familiarity with Federal aid systems including FSA Partner, NSLDS, COD, and FAA Access Attention to detail Ability to research federal aid regulations and apply critical thinking skills to apply regulations Ability to work independently and troubleshoot issues as they arise