Federal Student Aid Handbook, 2006-2007. Volume 2

Download or read book Federal Student Aid Handbook, 2006-2007. Volume 2 written by Office of Federal Student Aid (ED), Washington, DC. and published by . This book was released on 2006 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this publication is to describe how a school becomes eligible to participate in the Federal Student Aid (FSA) programs and to explain the administrative and fiscal requirements of FSA program participation. In addition, this publication discusses other issues relevant to the general administration of the FSA programs. A summary of the changes and clarifications is presented in greater detail in the following 12 chapters: (1) Chapter 1, Institutional Eligibility, discusses the three types of institutions that are eligible to participate in the FSA programs; (2) Chapter 2, Applying for Participation in the FSA Programs, discusses how and when a school applies for approval to participate in the FSA programs; (3) Chapter 3, General Participation Requirements, explains many of the participation requirements; (4) Chapter 4, Program Eligibility, deals with the relationship between program eligibility, and institutional eligibility; (5) Chapter 5, Updating Application Information, describes changes that can affect a school's participation, as well as how and when to report these changes; (6) Chapter 6, Providing Consumer Information, provides the requirement for the consumer information that a school must provide to students, the Department, and others as well as a summary of the effects of misrepresentation of school information on a school's FSA participation; (7) Chapter 7, Written Agreements between Schools, presents the specific requirements for such agreements. (8) In chapter 8, Distance Education, the applicability of the FSA program requirements to programs offered through distance education is discussed; (9) Chapter 9, Record keeping, and Disclosure, covers the requirements for maintaining and disclosing records for the FSA programs; (10) Chapter 10, Administrative Capability, provides the requirements a school must meet to demonstrate its administrative capability; (11) Chapter 11, Financial Standards, explains the financial standards schools must maintain to participate in the FSA programs; and (12) Chapter 12, Program Integrity, offers a discussion of the responsibilities of schools, accrediting agencies, states, and the Department for ensuring the integrity of the FSA programs.