Financial Aid Loan Assistant

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Apply now Posting #: 5414
Position Status: Full-time regular
Location: San Diego
Position Type: Staff, Office of Financial Aid

Position Title & Department:

Posting #

5414

Department

Description:

The Office of Financial Aid (OFA) is responsible for the awarding of Federal, State, and Institutional financial aid to Undergraduate and Graduate students at the University of San Diego. The OFA is also responsible for maintaining Federal, State, and Institutional compliance to ensure proper delivery of financial aid. This includes scholarships, grants, work‑study, and loans. The OFA determines student eligibility using the Free Application for Federal Student Aid (FAFSA), the CA Dream Act Application, and the USD Dream Act Application.

76% of USD students receive some type of financial aid.

University

Description:

The University of San Diego, an engaged and contemporary Catholic institution, was founded by the Diocese of San Diego and the Society of the Sacred Heart in 1949. Governed by an independent board of trustees since 1972, USD remains committed to a liberal arts education grounded in the Catholic intellectual tradition and the pursuit of truth, goodness and beauty. Inspired by this centuries old tradition of Catholic higher education, the University welcomes people of all faith traditions and any, or no, religious background.

The future success of USD relies on the contributions of those who seek to foster the development of engaged global citizens and an earnest confrontation of humanity’s urgent challenges.

Detailed

Description:

To assist in the management and administration of:
The Federal Direct Loan Program and the Private Loan Program. This position requires excellent communication skills with demonstrated capabilities of maintaining confidential information and handling sensitive data with discretion and tact. Must possess the ability to handle multiple tasks, deadlines and time constraints in a calm and effective manner. Must have excellent spelling and grammar skills. This position requires a detail oriented independent person who has the ability to work well in a team environment.

• Reviews and processes federal and private loan changes (manual repackaging reports) and notates student’s records.
• Processes loan declines, cancellations, changes, paper checks and loan reinstatements.
• Awards and certifies private loan applications as needed throughout the year.
• Submits private loan certifications to lender on behalf of the University of San Diego.
• Certification of private loans requires knowledge of budget figures, loan amount, term and disbursement dates.
• Processes private loan returns in Banner and on ELM (including Return to Title IV calculations).
• Creates and emails loan return notifications to borrowers.
• Assists with the implementation of processes related to both the Direct Loan Programs (DL) and private loan programs.
• Creates budgets for “private loan only” requests.
• Works with lenders to ensure paper loan applications are correctly processed.
• Reviews and processes Direct Loan changes and rejects.
• Verifies grade level and transfer units for proper grade level designation prior to loan originations.
• Processes Parent PLUS denials and offers additional Federal Direct Unsubsidized loans.
• Contacts student/parent if additional information or clarification of loan is required.
• Notifies private loan lenders of correct loan amounts when financial aid awards are revised.
• Reviews and verifies Banner Status reports regarding loan changes.
• Completes form review and analysis

• Enters and submits loan data on Banner system for students applying for the Federal Direct Loans and for Private loans.
• Processes student loan requests when received, by updating Banner and comparing student requests with actual financial aid awards.
• Responds to emails regarding loan issues from OSSC and students/parents.
• Records information regarding any loan changes in Banner on student’s record.

• Identifies loan records that need to be re-evaluated…