[ctcLinkfinaidsupport] FA Weeklyish Bulletin

Fri Aug 26 11:33:52 PDT 2022

Knowing is Half the Battle!
F Super Helpful Reminders and Tips!
o   TIME TO UPDATE YOUR COLLEGE FINANCING PLAN!  The Dept of Ed announced<https://fsapartners.ed.gov/knowledge-center/library/federal-registers/2022-08-16/interest-rates-fixed-rate-federal-student-loans-made-under-direct-loan-program-2022-23-award-year> the change to Direct Student Loan Interest rates effective for loans disbursed on or after July 1, 2022 and before July 1, 2023
§  Use this QRG to make the updates to your CFP:  9.2 Update Student Loan Interest Rates on the College Financing Plan | 9.2 FA - Loans | ctcLink Reference Center<https://ctclinkreferencecenter.ctclink.us/m/92424/l/1597419-9-2-update-student-loan-interest-rates-on-the-college-financing-plan>
o   VETERANS PROCESSING! Are you aware of the different types of Student Groups for Veterans? Depending on the COE the Veteran submits to the VA Certifying Official, the appropriate SVB_ student group should be applied with an effective date before the start of their first term:
§  SVBA – Ch30 Montgomery GI Bill
§  SVBB – CH31 VRE
§  SVBD – Ch33 Post 9/11 GI Bill
§  SVBE – Ch33 Child
§  SVBF – Ch35 Child
§  SVBJ – Active Duty using TA (should only be assigned if the student has submitted a current TA voucher for the term)
§  SVBK – Active Duty not using TA
§  SVBL – Active Duty Spouse (using MyCAA or not, RCAA should be used to indicate active MyCAA Voucher)
§  SVBM – Ch33 Spouse
§  SVBN – Ch35 Spouse
§  SVBZ – Veteran not using VA benefits, if they are using a tuition discount they should be assigned the SW70 or SW71 group

F Query Corner!
o   WORKSTUDY PROCESSING!  Do you know how to identify certain populations of students to award Work Study?
§  QCS_FA_APPLIED_4_WORKSTUDY_1 and QCS_FA_APPLIED_4_WORKSTUDY_2 – Identifies students that are interested in Work Study.  Filter the results to review in date order
§  QCS_FA_WORKSTUDY_WA_RES – Identifies WA State Resident students for SWS awarding
§  QCS_FA_WORKSTUDY_UNDER18 – Identifies under 18 years old students who may need parental or guardian signatures on HR forms

F Training Team News  –  We heard you!  At our JIT Training Session on 8/23/22, we heard your need for Authorization and Disbursement Training before Fall Term, and a need for File Review Best Practices.  We have changed up the SBCTC Calendar a bit, and are pleased to announce that we have set some dates for those items, along with others to include Work Study training and others!  Please check the SBCTC Calendar<https://www.sbctc.edu/calendar.aspx> for updates— calendar invites will be sent out to the ctclinkfinaidsupport list serv

What’s Coming Down the Pike?:
-          General
o   Business Analyst Work Session Series Kickoff  – 8/31/22  9:00 AM – 11:00 AM
-          Just In Time Trainings (FA Training):
o   Authorization Refresher  – 9/6/22  9:00 AM – 11:00 AM
o   Follow Up Q & A for Authorization Refresher  – 9/8  9:00 AM – 10:00 AM
-          Calendar invites with web ex info are forthcoming to the ctclinkfinaidsupport list serv

Environment Updates:
-          Reminder! PCD Refreshes normally take place on the first Monday of every month.  They also correspond with image updates.  The next PCD refresh will take place on Monday, September 5.  That means any testing you  have done in PCD, any processes you have built or students you have staged, will be wiped in the refresh, and replaced with the most recent data in the PRD environment.

Just For Fun! 😂 Did you know these things have names?

-          The wired cage that holds the cork in a bottle of champagne is called an agraffe
-          The ‘na na na’ and ‘la la la’, which don’t really have any meaning in the lyrics of any song, are called vocables
-          The space between your nostrils is called columella nasi
-          The armhole in clothes, where the sleeves are sewn, is called armscye
-          The condition of finding it difficult to get out of bed in the morning dysania
-          Illegible hand-writing is called griffonage
-          The dot over an “i” or a “j” is called a tittle
-          The metal device used to measure your feet at the shoe store is called a Bannock device

TGIF,

[Compass]Kelly Forsberg
ctcLink Functional Trainer | Financial Aid
Washington State Board for Community and Technical Colleges
o: 360-704-1066
kforsberg at sbctc.edu<mailto:kforsberg at sbctc.edu>

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