Articles by Luke Hoey, FAAC®

Facing Audit Phobia, Part III: Embrace Learning Opportunities

Facing Audit Phobia, Part III: Embrace Learning Opportunities

By Luke Hoey, FAAC® July 26, 2022

The last thing an institution wants to hear while undergoing an audit is, “We’ve identified some processes that aren’t compliant with Title IV rules.” In a perfect world, a compliance audit comes and goes swiftly and without any findings. But in the real world, one where regulations change regularly and it’s...

The Trouble With SAM

The Trouble With SAM

By Luke Hoey, FAAC® April 28, 2022

Is your school having trouble drawing down federal student aid for any of its locations?  Earlier this month, the General Services Administration (GSA) as well as the U.S. Department of Education (ED) officially discontinued the use of the Data Universal Numbering System (DUNS) number and began recognizing the Unique Entity...

Providing Clarity on Direct Loan Inadvertent Overpayments

Providing Clarity on Direct Loan Inadvertent Overpayments

By Luke Hoey, FAAC® March 6, 2021

Along with wide-ranging overhauls and easy-to-implement changes to regulations surrounding Title IV programs, the Department of Education (ED) annually makes more subtle changes or additions that can pass under the radar. Big or small, any alteration to the Federal Student Aid Handbook matters. To that end, recently while we were identifying...

Unusual Enrollment History: 2015-16 Update

By Luke Hoey, FAAC® December 20, 2016

By Luke Hoey & Greg Rinderle The Department of Education (ED) recently announced that the selection criteria that are used in determining whether a student has an Unusual Enrollment History (UEH) have been modified. Beginning with the 2015-16 FAFSA processing year, NSLDS will flag an application based on a student’s receipt...

Reimbursement & Heightened Cash Monitoring Payment Methods

By Luke Hoey, FAAC® December 8, 2016

By Luke Hoey Schools that have been placed on the reimbursement payment method or one of the heightened cash monitoring (HCM) payment methods should be mindful of a few recently amended regulations pertaining to cash management – which are set to take effect on July 1, 2016. The first and most...