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Financial Aid Advisor

Job Field: Office Jobs
Location: WEST JORDAN, Utah, 84088-6577

Job Type: Full Time
JOB SUMMARY:
This position is an entry level position and does not have any supervisory responsibilities. The Financial Aid Advisor is the Assistant to the Financial Services Director at the Hair Academy. He/she is responsible for the initial meeting with Financial Aid students to assist the student in how to apply for financial aid. The Advisor also works closely with our Third Party Processor to complete all paperwork, and all additional information necessary to complete the FA submission. Financial Responsibilities: * The Financial Aid Advisor is responsible for the Award Letters provided to us by the third party processor. He/she must insure that these documents are signed, money requested, and paperwork gets filed in a timely manner. * The Financial Aid Advisor works with the Academy Director to ensure that checks due to students for Direct Loans are paid out accurately and timely. * The Financial Aid Advisor is responsible to work with the Academy Director on getting Pell Grant checks cut and deposited to our operating account in an accurate and timely manner. Administration: * Responsible for Verification Requests and ensuring that we receive the information in a timely manner so that the students financial aid can be submitted and paid out. * Responsible to assist with R2T4 * Responsible to maintain accurate student Title IV files * Responsible for SAP reports to be printed and signed when each student hits each 451 interval. * Assist with Entrance and Exit loan counseling for Financial Aid students * Maintain records on Pell and Direct Loan disbursements. * Meet with current and prospective students regarding financial aid. * Assist students with financial aid paperwork, FAFSA applications, budgets, etc. * Process student financial aid documentation. * Prepare award letters for students and review them with students. * Update student financial aid information in * Update enrollment status for all students in NSLDS. * Audit student files as needed. * Print and verify student information and applications to ISIRs to ensure accuracy. * Generate reports as needed. * Work with Third Party Processor to originate PELL and Direct Loan disbursements. * Create financial aid packets. * Facilitate exit loan counseling for graduating students. * Other duties and special projects as assigned.

KEY REQUIREMENTS:
High School Diploma
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