Financial Aid Officer

Southeastern College; North Charleston (SC); On-site; USD 42,000 - 60,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Dental Insurance

Health Insurance

Vision Insurance

Paid time off

Job summary

Southeastern College is seeking a Financial Aid Officer to guide students through the financial aid process, coordinate with admissions and academics, and ensure timely funding for each semester.

The role involves assisting with FAFSA, reviewing eligibility, counseling on options, and managing documentation and financial packages. On-site work at the campus with standard office environment and benefits.

Responsibilities

• Provide basic overview of financial aid process
• Assist with filling out FAFSA form
• Explain forms and direct to web-sites for additional information
• Provide checklist of documentation needed for second appointment
• Provide Federal guide (requirement)
• Provide information and assess student financing needs
• Review FAFSA for Title IV eligibility
• Counsel on financial aid eligibility and financing options
• Check Veteran's Affairs verifications/GI Bill
• Discuss grants and scholarships
• Review registration schedule
• Create cost estimate and review with student
• Acquire necessary documents from lenders
• Provide necessary documents to lenders
• Enter student data into system
• Set-up student financing package
• Review ISIR
• Review any C-flags or H-flags
• If selected for Federal verification, get verification documents
• Follow-up on private loan approvals
• Scan to DRS
• Submit to Director of Financial Aid for review and processing
• Work with Bursar to post cash payments
• Review monthly start date reports
• Review monthly account balance reports
• Investigate account balance issues
• Monitor for potential defaults
• Follow-up on potential and actual defaults
• Track Sally Mae, government/private scholarship, grant, and private loan postings
• Track drops and academic dismissals
• Re-package continuing students
• Conduct exit interviews
• Discuss payment responsibility
• Discuss loan consolidation
• Clear balance with southeastern College

Job description

OVERVIEW:

The purpose of the Financial Aid Officer is to guide students through the financial aid process and ensure they are properly funded. The Financial Aid Officer coordinates with admissions and academics to keep the students engaged and on-track.

BUSINESS CONTRIBUTIONS:

The role of Financial Aid Officer is to ensure that students are properly funded, packaged, and prepared to start each semester. This is accomplished by making sure that:

• Students are made aware of all available funding options
• Students are properly vetted and appropriately packaged
• Funds are posted in a timely manner

ESSENTIAL FUNCTIONS:

Conducting Initial Overview with Student:

• Provide basic overview of financial aid process
• Assist with filling out FAFSA form
• Explain forms and direct to web-sites for additional information
• Provide checklist of documentation needed for second appointment
• Provide Federal guide (requirement)

Conducting Financial Aid Review with Student:

• Provide information and assess student financing needs
• Review FAFSA for Title IV eligibility
• Counsel on financial aid eligibility and financing options
• Check Veteran's Affairs verifications/GI Bill
• Discuss grants and scholarships
• Review registration schedule
• Create cost estimate and review with student
  • Breakdown expenses and fees
  • Discuss any balance and additional private financing options
  • Where applicable - review "parent for loan" option
• Acquire necessary documents from lenders
• Provide necessary documents to lenders
• Enter student data into system
• Set-up student financing package

Reviewing and Following-up on Initial Packaging:

• Review ISIR
• Review any C-flags or H-flags
• If selected for Federal verification, get verification documents
• Follow-up on private loan approvals
• Scan to DRS
• Submit to Director of Financial Aid for review and processing
• Work with Bursar to post cash payments

Monitoring and Tracking Financial Aid Packages:

• Review monthly start date reports
• Review monthly account balance reports
  • Investigate account balance issues
  • Monitor for potential defaults
  • Follow-up on potential and actual defaults
• Track Sally Mae, government/private scholarship, grant, and private loan postings
• Track drops and academic dismissals
• Re-package continuing students

Preparing Graduating and Exiting Students (graduating, dropped, and dismissed students):

• Conduct exit interviews
• Discuss payment responsibility
• Discuss loan consolidation
• Clear balance with southeastern College

PHYSICAL DEMANDS:

The physical demands are those required in a professional office setting: sitting, working on a computer, using a telephone, communicating with coworkers and getting to and from appropriate campuses.

WORK ENVIRONMENT:

Professional office setting: moderate noise levels and controlled indoor climate.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

LOCATION:

This position is an onsite position located at your campus unless otherwise determined by the Chancellor and/or designee. Any changes must be reviewed by the Campus President/Vice President and all final approvals must come from the Chancellor and/or designee.

BENEFITS

• 401(k)
• 401(k) matching
• Dental Insurance
• Health Insurance
• Vision Insurance
• Paid time off