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FAFSA Evolution: A Year of Specialized Insight for Financial Aid Directors
05 Jan, 2024
In 2023, FA Solutions and Education Compliance Management (ECM) embarked on a mission to empower financial aid directors with invaluable insights into the evolving landscape of FAFSA Simplification. Through a series of thought-provoking webinars, these sessions went beyond expertise, providing a profound understanding for institutions navigating the intricacies of financial aid.
5 Benefits of Partnering with the Right Third Party Financial Aid Servicer
26 Apr, 2023
Student financial aid is no one’s idea of a picnic. Even the most devoted employees of a school’s aid office sometimes get burned out, and no wonder.  The total loan volume for Federal Direct Subsidized Loans during the 2020-2021 year was $16.5  billion. It was $45.5 billion for Federal Direct Unsubsidized Loans, $1.1 billion for
01 Feb, 2023
Colleges and universities are responsible not only for educating students but also for keeping them safe. As part of this effort, the Clery Act has policies, which Educational Compliance Management Inc. also recommends, that require schools to inform students, parents, and employees about crimes committed on and around college campuses. Previously known as the Campus Security Act,
Student Borrower Reaffirmation: A Full NSLDS Guide to Viewing & Updating
By Brad Smith 04 Jan, 2023
Students who have inadvertently received loans in excess of limits may have lost their Title IV loan eligibility, but it is possible to get the loans reaffirmed. There is a process for doing so by having the student repay the excess loan funds or agreeing to repay under the terms of the current Master Promissory
By Brad Smith 01 Dec, 2022
The New Year is just around the corner and as we prepare for new opportunities, we would like to recap the past year in financial aid. In 2022, we have worked diligently to be the greatest support to the ECM Family of Schools and assist them in achieving their Financial Aid goals. Our leaders share
Top 5 Ways to Boost Compliance in your Financial Aid Office
By Brad Smith 28 Oct, 2022
Millions of university students rely on financial aid in order to earn a degree, and it's not hard to see why. The cost of tuition/fees at public four-year educational institutions has risen by 10% since 2010; for private non-profit educational institutions, these costs have risen by a whopping 19%. Improving compliance in your financial aid
By Brad Smith 06 Sep, 2022
By Rachel Gordon On April 6, 2022, the United States Department of Education announced its Fresh Start initiative, which the effects of defaulting on a student loan for borrowers who entered default before the COVID-19 related payment pause on federal student loan. Here, we'll take a look at what you need to know about the
By Brad Smith 18 Aug, 2022
Over 20 million students are projected to enter higher education in 2022. Fall is the peak time for students to enroll in financial aid programs as well as school itself. When this happens, financial aid staff is stressed due to the surge in activity and the need to get everyone through the process as fast
By Brad Smith 01 Jun, 2022
By Rachel Gordon, June 1 2022 The U.S. Department of Education (ED) issued an estimated $112 billion for grants, loans and work-study programs in fiscal year (FY) 2021 through Federal Student Aid (FSA). When instances of errors in the funding of these programs occur, the current maximum fine per violation is $59,017. Errors do not
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