June 27, 2016

  • New Interest Rates
  • Scholarship Deadlines – The deadline to apply for the “Your Future Scholarship” is one week prior to the start date. This is technically EOB on Monday of week 4, but we should always push to have it completed earlier.
  • Dependents Other Than Children – CFA is cracking down on these to ensure students are not abusing it. If they claimed them on their taxes then CFA will accept tax transcripts showing they claimed someone other than a child. If they did not claim them on taxes, then CFA will need the dependent other than child removed. More details to come…
  • AC in CVue – Please update who the AC is in CVue. This is something that the auditors have seen that is incorrect a lot of the times.
  • Carryback Funding & $32 ARM Loan – The carryback amount has been removed as an option, per the DOE. Even though $32 ARM may seem small, CFA would like us to create the loan. It is easier to work with someone on adjusting an existing loan, than it is to set one up down the road.