The Assistant Director is responsible for activities related to the administration and management of Federal Direct Loans and Alternative Loans including certification, origination, disbursement, and transmittal of electronic loan data files to the US Department of Education and external agencies. This individual is responsible for the monthly and annual reconciliation loan programs and coordinates with the Bursar’s Office the return of funds to lenders, and makes all adjustments to the institutional database. This individual will serve as the primary contact for all requests from lenders, servicers, borrowers, and guarantors and will coordinate the required entrance, exit interviews and Truth-In-Lending (TILA) processes required of borrowers. The Assistant Director will also assist in the review, verification and awarding of funds and will counsel families and students through the financial aid process
Villanova is a Catholic university sponsored by the Augustinian order. Diversity and inclusion have been and will continue to be an integral component of Villanova University’s mission. The University is an Equal Opportunity/Affirmative Action employer and seeks candidates who understand, respect and can contribute to the University’s mission and values.
Duties and Responsibilities:
Perform the necessary steps to electronically certify, export and import all new loans and loan changes made to the Federal Direct Loan programs for graduate, undergraduate and parent loans.
Oversee the disbursement of these federal funds to the student accounts ensuring that all student eligibility requirements are met and in compliance with federal regulations. Responsible for the monthly and annual reconciliation of the Federal Direct Loan Program.
Coordinate with the Bursar’s Office the return of funds to the federal lender in cases where the borrower eligibility has changed or ceased to exist.
This individual will also oversee that Title IV and private funds are returned in a timely manner. Review the electronic and paper publications to ensure accurate information is provided regarding the federal loan and private loan program information.
Assist in the review, verification and awarding of need and non-need based financial aid awards. Assist in the review and preparation of financial aid appeals
Participate in the certification, transmittal and disbursement of alternative loans.
Coordinate with the Bursar’s Office the return of funds to lenders in cases where original borrower eligibility has changed or ceases to exist.
Make all necessary adjustments to institutional database and communicate changes to lenders/servicers via electronic or paper transmittal
Assist with the annual review of alternative loan lenders and their products.
Maintain the web site and paper publications to ensure the University is in compliance with federal regulations as they relate to this matter
Coordinate all activities related to borrower’s completion of required entrance and exit interviews.
Assist in the development of materials, paper and web-based, related to default prevention and fiscal responsibility.
Coordinate activities related to the distribution of information required by TILA
Assist in the sign-off of BISK/UA refunds and assist in the review of other reports, as necessary, for on-line programs
Participate in training programs in order to be informed of regulatory requirements for the federal and state programs, as well as on campus programs (e.g. Open House, Candidate’s Days, etc.)
Perform additional duties and assist with special projects as assigned
Minimum Qualifications: Formal Education: Bachelor’s degree required Specific Job Knowledge: Knowledge of regulations related to the administration of federal and state financial aid programs. General knowledge of office principles and procedures. Minimum Work Experience: 2+ year of experience in financial aid administration or student loan processing in an automated environment and advanced skill on COD and NSLDS. Work Skills: Excellent oral and written communication skills; strong organizational and interpersonal skills required. Attention to detail. Must be able to work independently and display the ability to work well under pressure. Experience with Microsoft Word, PowerPoint, Excel and Access. Also possess an understanding of file transmission in a UNIX platform. Preferred Qualifications: Work Experience: 3+ years of related experience preferred. Experience in the student loan lending industry may be considered comparable experience. Experience with Banner, CSS Profile, and Institutional Methodology a plus
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