Common Manual Interim Policy Updates
As you are aware, the Common Manual Governing Board periodically approves modifications to the Common Manual. Recently, several policies were approved to modify the Common Manual. These changes will be incorporated into the Common Manual when the next annual update is published in July 2001.
Attached are interim updates to the Common Manual which address policy revisions approved on February 15, 2001. Pay particular attention to the effective dates for these interim policy updates.
Any questions related to the attached Common Manual
interim policy updates should be directed to the UHEAA Policy and Training
Department at (801) 321-7166 or by e-mail at cjudd@utahsbr.edu.
Attachment
Common Manual Interim Policy Updates
Policy Changes Approved February 15, 2001
Batch 77 (Federal): Proposal numbers 485 and 486
School and Program Eligibility at Additional Locations
The Common Manual has been revised to include Final Rules concerning
the addition of school locations. When a school adds a licensed and accredited
location that offers at least 50% of an educational program, the school
must report to the Department before delivering Title IV funds to eligible
students attending the added location. Reporting consists of submitting
an electronic application that provides specific information about the
added location and other required documentation. Further information
on these requirements can be found in 34 CFR 600.20 and in The Federal
Student Financial Aid Handbook, Institutional Eligibility and Participation.
In addition, after reporting, a school must have approval from the Department
before it can deliver Title IV funds to eligible students attending the
added location if it meets any of the following criteria:
| Affected Sections: | 4.1.C. |
| Effective Date: | School locations added on or after July 1, 2001. |
| Basis: | Final Rules published in Part IX of the Federal Register, pages 65662-65676, dated November 1, 2000; §600.20 and §600.21. |
Electronic Notification When Crediting a Student's Account
If a school credits a student's school account with Stafford or PLUS
loan proceeds, the school is required to notify the student or parent borrower.
This notice may be written or electronically transmitted. Common
Manual policy has been revised to state that if the notice is sent
electronically, the school must confirm receipt of the notice by the student,
or parent borrower in the case of a PLUS loan, and must maintain documentation
of that confirmation. Methods by which a school could confirm receipt
include, but are not limited to, electronic confirmations or receipts automatically
generated by the school's e-mail system. Previous guidance stated
that the school had to require the student, or parent in the case of a
PLUS loan, to confirm receipt.
| Affected Sections: | 6.3.C. |
|
Effective Date:
|
Electronic notifications sent by the school on or after July 1, 2001. |
|
Basis:
|
Final Rules published in Part IX of the Federal Register, pages 65662-65676, dated November 1, 2000; §668.165(a)(3)(ii). |