I learnt that the Date of Determination for a student intending to withdraw is the date when the administration is notified or when the student completes the first step required in the formal withdrawal process. Another takeaway is that transfer credits vary from institution to institution.
The information provided in this section was phenomenal. I will make sure that are policies are inline with the national and state requirements.
I am very delighted for attending training because I am very much comfortable and my college will be compliance with the regulatory authority.
Wonderful opportunity in making some adjustments to how we are currently implements our own policies.
The importance of understanding the criteria for placement categories, including in-field, related, and out-of-field for reporting and placement rate calculations.
Until completing this section, I was not aware that exit counseling needed to be completed by students who reduced to less than half-time enrollment status.
During this lesson
I have learned that it is important to do an internal audit on all departments. We have to make sure that the checks and balances are being done correctly. All it takes is just a simple audit check for all departments and just sample files, folders, spreadsheets'...etc..
It is important to be transparent with students about program length/requirements and how it will impact their funding.
The information regarding Leaves of Absences was very helpful. Students will experience unexpected life happenings, so schools do need to be prepared for this; as well as have LOA policies firmly in place.
In this module, I learned how schools need to follow rules in areas like Admissions, Financial Aid, and Student Privacy. Schools have to keep good records, check that their information is accurate, and follow policies like recruiting students or giving out financial aid.
I plan to use what I've learned by making sure I pay attention to keeping records organized and following the rules closely. This way when the audit happens, everything will be in order, and there won't be any problems with compliance.
There were many policies that were included that most of external third party financial audit covers, including 90/10 rate, default rate, R2T4 calculations, audit documents. However, there are some that the policy is covered in our catalog and those fall outside the audit, which means those are areas we can increase our own internal audit attention on that. This section has a few outdates sections with the June 2024 new DOE requirements.
