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Internet Financial Aid Servicing - [IFAS]
As of July 1, 1998, Title IV schools no longer receive automatic USDE information via US
Postal mail. This information includes most Dear Colleague Letters, Announcements,
Federal Registers, etc. Instead, schools must have the capability to retrieve such
documents through Information for Financial Aid Professionals
web site. Given this regulation, DJA encourages all Title IV institutions to reread the
Action Letter GEN-97-11 which provides details on this new regulation, including the required
hardware/software requirements. Keep in mind, however, the ability to access this
site, is not enough. In addition to accessing the site, schools will need to develop
new procedures in their financial aid office to ensure they are in compliance with this
new regulation. Questions such as:
• How often is the internet checked for new documents?
• Who will access them?
• Are the documents to be printed or downloaded?
• How are the documents to be stored in the office?
• If the documents are stored on an internal hard drive, are there backup procedures in place?
... are just a few that need to be addressed in the event of a program review or audit.
DJA is pleased to offer a service, IFAS (Internet Financial Aid Servicing) to assist
schools with this new requirement. For only $75 a month, schools can contract
with DJA and receive the following:
[1] Printing out USDE documents (e.g. Federal Registers, Announcements, Dear Colleague letters)
[2] Organizing documents by type and mailing them to the school.
This fee does not include the Financial Aid Handbook and other manuals that are still being
mailed to institutions by the USDE.
In addition, if the school is a DJA client, DJA will also assist with the Internet provision
requiring schools to be online with Eligibility and Certification. For non-DJA clients
(e.g. not currently using DJA's EFAS as a financial aid solution), the fee for this service
is only an additional $25 a month.
DJA has found that, although many schools are connected to the internet and the World Wide Web,
they do not have the time to search for these documents, download and/or print and organize
them by type. If this is your situation, IFAS is the answer.
For additional details on the new internet regulations and/or DJA's IFAS, please email
Kristi Cole at kcole@gotodja.com,
or call her at (800) 242-0977.
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Copyright © 2010 DJA, Inc. All rights reserved.
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