ࡱ>  :bjbjyy 42T:DD8dDm f$!$d pp@ DD`' (((DD8((((|('PJ(= 0m ($P$($((  m $ :  This list provides acronyms and common terms that can assist with the preparation of Policies and Procedures. TermAcronymExplanationAbility to BenefitATBOne of the criteria used to establish student eligibility in order to receive Title IV program assistance is that a student must have earned a high school diploma or its equivalent. Student who are not high school graduates (or who have not earned a General Education Development [GED] certificate) can demonstrate that they have the ability to benefit from the education or training being offered by passing an approved ability-to-benefit (ATB) test.Administrative Actions and Appeals DivisionAAADAdministers the Secretarys authority to fine, limit, suspend, terminate and impose emergency actions against postsecondary educational institutions that participate in the FSA programs for which SEC has oversight.Academic Competitiveness GrantACGGrant created by the Higher Education Reconciliation Act (HERA) of 2005 (HERA) providing funds for students enrolled full-time as a first- or second-year student in a qualifying program of study. Funding for this grant program was first made available for the 2006-07 award year. The program ended June 30, 2011.Campus-Based ProgramsCBThree federal student aid programs (Federal Perkins, Federal Work-Study and Federal Supplemental Educational Opportunity Grant), within Title IV, administered directly by the institution.Central Processing SystemCPSThe Central Processing System, or CPS, is EDs application data processing facility. The CPS uses student information from the FAFSA processors to calculate the students official EFC. It returns the students eligibility information to the student and the schools the student indicated on his or her FAFSA.Chief Executive OfficerCEOThe Chief Executive Officer of the institution who is authorized to enter into a contractual agreement with the Department of Education for participation in the Title IV Programs.Code of Federal RegulationsCFRThe codification of the rules published in the Federal Register by agencies of the federal government. Each volume of the C.F.R. is updated once each calendar year and issued quarterly. The volume for Education, Title 34, is updated on July 1 of each year. Cited as 34 C.F.R.Common Origination and DisbursementCODED database that includes the process of origination and disbursement reporting for Federal Pell Grant, Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent (SMART) Grant, Teacher Education Assistance for College and Higher Education (TEACH) Grant, and Federal Direct Loan funding as well as student-level reporting for Federal Campus-Based awards.Eligibility and Certification Approval ReportECARA summary of an institutions eligibility/certification information (Title IV program participation, institutions accreditor, state authorization, staff, additional locations and eligible vocational programs).United States Department of EducationED DepartmentA Federal agency of the US Government that regulates and enforces policies and procedures for the US Education System.Electronic Application for Approval to ParticipateE-APPThe Electronic Application used by schools to apply or re-apply for participation in the Title IV programs. TermAcronymExplanationEnglish as a Second LanguageESLA course administered to students whose native language is not English and who are not fluent in English.Family Educational Rights and Privacy ActFERPAFERPA restricts the disclosure of student records to other parties and requires the school to give a student the opportunity to review his or her records.Financial Aid AdministratorFAAFAA An individual employed by an institution to administer and coordinate student financial aid programs.Fiscal Operations Report and Application to Participate in Campus-Based ProgramsFISAPAn annual report of expenditures in the Campus-Based programs during an award year, combined with an application to participate in Campus-Based programs in the upcoming award year. Must be submitted to ED via the web by any school receiving Campus-Based funds.Free Application for Federal Student AidFAFSAAn application completed by students and parents to apply for federal student aid.Federal Direct LoanDLA federally subsidized, low-interest student loan, awarded on the basis of financial need. As part of the Direct Loan Program, these loans are made directly by the federal government (rather than by a private lender) through participating institutions. The program offers four types of loans: Federal Direct Subsidized Stafford Loan Federal Direct Unsubsidized Stafford Loan Federal Direct PLUS Loan Federal Direct Consolidation LoanGeneral Educational Development Certificate GEDStudents who are beyond the age of compulsory attendance, but who do not have a high school diploma or General Educational Development Certificate (GED), must pass a written test to be eligible for Title IV..Federal Pell Grant ProgramPell GrantA federal program that provides grants for (1) undergraduate students with the greatest financial need and have not received a bachelor degree or a first professional degree and (2) eligible students with baccalaureate degrees who are enrolled in state-required teacher certification programs.  TermAcronymExplanationFederal Perkins LoanPerkins LoanA campus-based loan program that provides low-interest student loans to students with financial need.Federal Student AidFSAFinancial help to those enrolled in an eligible program as a regular student at an institution participating in our federal student aid programs. (An institution is a four-year or two-year public or private college, university, career institution, or a trade school.)Federal Supplemental Educational Opportunity GrantFSEOGA campus-based program that provides grant assistance to undergraduate students with need. Priority is given to students who have exceptional financial need and are Federal Pell Grant recipients.Federal Work-StudyFWSA Federal funded, campus-based employment program providing jobs for students with financial need.G5G5A central repository for payment transactions of institutions that receive full financial management support to facilitate and support activities (i.e., award authorizations, disbursing and refunding and final grant close out) from the ED's Office of the Chief Financial Officer (OCFO).Higher Education ActHEAFederal legislation passed in 1965, with amendments and reauthorizations subsequently passed, authorizing Federal postsecondary student financial aid programs and mandating that the programs be regulated and administered by the U.S. Secretary of Education.Information for Financial Aid Professionals IFAPThe Information for Financial Aid Professionals (IFAP) Web site consolidates guidance, resources, and information related to the administration and processing of Title IV federal student aid into one online site for use by the entire financial aid community.Institutional Student Information Record ISIRA summary of information from the student's Free Application for Federal Student Aid (FAFSA) submitted electronically to institutions and state agencies.Leave of AbsenceLOAA temporary interruption in a student's education. National Science and Mathematics Access to Retain Talent GrantNational SMART Grant Grant created by the Higher Education Reconciliation Act (HERA) of 2005 (HERA) providing funds for the third and fourth years of study to needy students who are pursuing a 4-year degree with a major in one of the physical sciences, computer science, engineering, mathematics, technology, or a critical foreign language. Funding for this grant program was first made available for the 2006-07 award year. The program ended June 30, 2011.National Student Loan Data System NSLDSEDs integrated database system that collects and maintains student loan and grant data on Title IV federal student aid recipients, available to the financial aid community.Office of the General CounselOGCED office that provides legal services to all units of ED, including the Office of Postsecondary Education (OPE) and the Office of Federal Student Aid (OFSA). TermAcronymExplanationOffice of the Inspector GeneralOIGED office that provides information and technical guidance on the current status of Departmental policy.Office of Postsecondary Education Identification NumberOPE IDAn eight-digit number assigned to an institution upon approval for participation in Title IV programs. Office of Postsecondary EducationOPEThe principal operating component (POC) within ED that directs, coordinates and recommends policies for programs designed to provide financial assistance to eligible students.Direct PLUSPLUSUnsubsidized loans available to parents of dependent students, and to students enrolled in graduate or professional programs. These loans are available regardless of financial need and the amount of eligibility depends on the total cost of education.Personally Identifiable Information PIIPII is any information about an individual, which can be used to distinguish or trace an individuals identity (some examples are name, social security number, date and place of birth).Professional Judgment PJA provision in the law allowing financial aid administrators to make individual adjustments to override a students dependency status (from dependent to independent), to adjust the components of a students cost of attendance and to adjust the data elements used to calculate the students expected family contribution. Program Participation Agreement PPAA signed agreement between the Secretary and the President/Owner/CEO of an institution allowing participation in the Title IV programs. Institutions may not award Title IV funds until the PPA has been signed and countersigned.Return of Title IV Funds R2T4When a student withdraws from an institution without completing a payment period or period of enrollment, the institution must determine the amount of Title IV funds earned for the students attendance. Unearned federal student aid must be returned. Earned grant funds that the student has not yet received must paid to the student by the institution as a post-withdrawal disbursement. Earned loan funds that the student has not yet received must be offered to the student by the institution as a postwithdrawal disbursement.Satisfactory Academic ProgressSAPA sufficient rate of student course-completion determined using qualitative and quantitative measures.Social Security Number SSNA nine-digit number assigned by the Social Security Administration (SSA). The SSN helps SSA to maintain an accurate record of wages or self-employment earnings that are covered under the Social Security Act, and to monitor records once a person begins to start receiving Social Security benefits. TermAcronymExplanationStudent Aid RecordSARA federal output document sent directly to a student from EDs Central Processing Center summarizing a students application and eligibility status.School Participation Teams SPTThree teams organized within SEC and referred to as SPT Northeast, South-Central and Northwest. These teams provide integrated oversight and management improvement services to institutions receiving Title IV funds. (SPTs were formerly known as Case Management Teams.)Teacher Education Assistance for College and Higher Education Grant TEACH GrantGrant created by the College Cost Reduction and Access Act (CCRAA) providing funds to students who plan on becoming teachers, and teachers who are obtaining graduate degrees, who agree to teach in a high-need or shortage field in a low-income school for 4 of the 8 years after completing their program. Failure to complete the teaching requirements causes the TEACH Grant to convert to an unsubsidized Federal Direct Loan. Funding for this grant program was first made available for the 2008-09 award year.Title IV Federal Student Aid Title IVFinancial aid programs for postsecondary students, authorized under Title IV of the Higher Education Act of 1965, as amended (Title IV, HEA) and administered by the U.S. Department of Education.United States CodeUSCThe United States Code is the codification by subject matter of the general and permanent laws of the United States. It is divided by broad subjects into 50 titles and published by the Office of the Law Revision Counsel of the U.S. House of Representatives. Since 1926, the United States Code has been published every six years. In between editions, annual cumulative supplements are published in order to present the most current information. Documents are available only as ASCII text files.     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