Tuesday, June 25, 2019: 11:00 AM-12:00 PM
Northern Hemisphere C (Walt Disney World Dolphin)
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Session Type: Interest Sessions Track: Regulatory Implementation Track |
Audience: All
Credit Type: Credit Hours and Clock Hours School Type: All Schools |
This session will address common Subsidized Usage Limit Applies (SULA) misunderstandings and misreporting. We'll begin with an overview of concepts and the requirements of the 150% limit. We'll delve into how reporting mistakes and some processing shortcuts can impact a borrower's subsidized loan eligibility or result in a loss of subsidy. Included will be guidance on how to configure a loan when remaining subsidized eligibility is less than 1.0 year. The goal is clean SULA processing and no longer needing a prior award year reopened to make necessary corrections.
Moderator:
Nathanael Lohr (Indiana University-Purdue University Indianapolis)
Speaker:
Ian Foss (U.S. Department of Education)