1. Introduction and High Level Overview

• The Process in General
• History of the Programs
• Law and Regulations

2. Apply to Participate and Understand Your School's Responsibilities

• Be an eligible institution
• Apply to participate
• Sign a Program Participation Agreement
• Administer programs in accordance with Law and Regulations

3. Get Ready to Administer the Programs

• Develop policies and procedures
• Prepare for fiscal obligations
• Get ready to participate electronically

4. Process Student Applications

• Understand student eligibility
• Complete the FAFSA correctly
• Calculate the EFC
• Use information from output documents ISIR/SAR
• Verify information submitted on the FAFSA
• Package aid for the student
• Calculate Pell Grants
• Award Federal loans
• Award Campus-Based funds
• Eliminate overawards
• Make adjustments and recalculations
• Exercise professional judgment

5. Disburse Aid to Students

• Understand when a disbursement occurs
• Conduct entrance counseling
• Disburse when student is eligible
• Make late disbursements when applicable
• Report Pell Grant disbursements to RFMS/COD
• Notify students
• Provide Title IV credit balances to students
• Correct/Collect overpayments

6. Student Exits

• Provide loan exit counseling
• Prepare and send Student Status Confirmation Records
• Calculate and return Title IV funds when student withdraws

7. Create Reports

• Prepare, provide, and send required reports