Touro University
Financial Aid Administrator
Edtech.com's Summary
- Manages and oversees all aspects of student financial aid process and ensures compliance with Title IV Federal regulations.
- Advises students and parents on financial aid eligibility, federal aid programs, and application procedures.
- Assists Admissions by pre-qualifying prospective students using Title IV data.
- Performs financial needs analysis, packages awards, schedules disbursements, and conducts verification for accuracy.
- Provides exit interviews and loan counseling for graduating students.
- Requires knowledge of Banner financial aid module (preferred), strong customer service, and organizational skills.
- Educational requirement: Associate degree minimum; Baccalaureate degree preferred.
- Experience: 1-3 years related or transferable experience.
- Position involves some local travel and occasional overnight travel for training.
- Salary range: $40,000 to $50,000 per year.
Financial Aid Administrator Full Description
Overview:
Reporting to the Director of Financial Aid, the Financial Aid Administrator is responsible for the management and oversight of all aspects of the student financial aid process. The Financial Aid Administrator is also responsible for ensuring compliance with all regulatory bodies. The Financial Aid Administrator is responsible for the day-to-day operations of the financial aid office. A candidate for this position must demonstrate self-motivation, a high degree of organizational skill, a high level of customer service orientation, and a collaborative spirit to be successful in the fast-paced environment associated with being a member of the Division of Student Affairs team.
Responsibilities:
- Advises students and parents about financial aid eligibility, federal aid programs, application process and procedures, and financial need in accordance with Title IV Federal regulations
- Assists the Admissions Team with prospective students by pre-qualifying potential students based on Title IV information accessed through NSLDS
- Conducts financial needs analysis, determines eligibility for Title IV Federal Aid programs, utilizes and updates database with awards and scheduled disbursements in conjunction with third-party servicer
- Ensures that awarded financial aid is packaged and disbursements scheduled in accordance with Title IV regulations
- Performs verification as set by the Department of Education to ensure data accuracy
- Counsels students and parents on changes to financial aid awards
- Provides direction to students on how to resolve conflicting information on the ISIR
- Reviews appeal documents for accuracy and completeness prior to submission to Director of Financial Aid
- Coordinates with Admissions counselors to provide an effective and seamless student recruitment, entry, and enrollment process
- Performs exit interviews and loan counseling to students upon graduation
Qualifications:
Education/Experience
- Baccalaureate degree preferred
- Associate degree required
- Minimum of 1-3 years related and transferable experience required
Knowledge/Skills/Abilities
- Strong customer service and organizational skills
- Computer literate, experience in the Banner financial aid module a plus
- Must be able to multi-task and prioritize work
- Self-starter
Travel
- Locally as needed for staff coverage
- May be required to travel overnight for training
Maximum Salary: USD $50,000.00/Yr.
Minimum Salary: USD $40,000.00/Yr.
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