Financial Aid and Business Office

Financial Aid and Compliance Brochure

MAAS understands the challenges that many institutions are facing when it comes to managing the operations of their Financial Aid and Business Offices. The constant struggle to maintain office and institution goals while staying ahead of the curve with the constant changes in Federal, State, and Accreditation regulations; as well as retaining and properly training your existing staff are many of the reasons that lead to high A/R and Compliance issues.

Maas offers many solutions to institutions’ Financial Aid and Business Offices including:

• Financial Aid Training
• Financial Aid or Business Office management
• Staffing Solutions
• A/R Reduction Strategies
• Initial Title IV Eligibility including ECAR and PPA
• Internal Default Management Solutions
• Financial Aid or Business Office processing

Compliance

Compliance in the Financial Aid Office should be one of the primary focuses at all Title IV eligible Institutions. MAAS wants to ensure that your Financial Aid office is in compliance with all Title IV regulatory requirements. Our Team utilizes the RARE process for Compliance Auditing.

• Research – Meet with key individuals to determine suspected issues
• Audit of Files – Conduct both in content and in-depth file audit to confirm and identify any issues
• Report of Findings – Supply Management with a report of the Process and Compliance issues
• Execution Plan (Recommendations) – Supply Management with a recommended Execution Plan

RARE allows for a 360° analysis of the operations of your Financial Aid Office that ultimately leads to an Execution Plan including Recommendations to Management of the correction action needed in the Financial Aid Office.

MAAS offers Compliance solutions in the following specialties:

• Financial Aid File Audit
• Financial Aid Verification
• Timely Disbursement for Books and Supplies

Program Integrity Rules including:

• Gainful Employment
• State Authorization
• Satisfactory Academic Progress
• Ability to Benefit
• Written Agreements