Financial Aid Officer

Southeastern College•Charlotte, NC

17d•Onsite

About The Position

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. 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

Requirements

Knowledge: Finance and accounting Business planning – how to organize legal documents and financial package data; develop and follow a systematic approach; and organize time
Skills: Goal setting – set reasonable, yet high targets, and create a plan for attaining those targets Interviewing – discuss and convey financial concepts with students, understand student needs and resources, provide actionable guidance based on needs
Experience: Experience in finance and accounting is critical to success as a Financial Aid Officer. Although not exhaustive, work experience in the following areas is highly valued: Financial Aid Services Mortgage Broker Financial Services/Lending
At a minimum, an Associate’s degree
2 to 4 years of finance experience
Willingness to work with students

Nice To Haves

Bachelor’s degree

Responsibilities

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