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National Louis University

Student Finance Representative - Verification Specialist

Retail & Commercial BankingPosted on Nov 9
Full-timeChicago, IL, USA$20.16 - $28.22 /hrIn-person

About the Job

Requirements

  • A high school diploma or GED and significant related work experience are required.
  • At least 1 year of related work experience is required.
  • Demonstrates customer focus by identifying customer needs and expectations, responding effectively and promptly, preventing delays, keeping customers informed, and checking customer satisfaction.
  • Adjusts effectively to changing conditions and demands and approaches stressful situations as opportunities to learn.
  • Anticipates and prevents problems, investigates obstacles, gathers relevant information, evaluates solutions, and arrives at workable solutions.
  • Produces accurate, detail-oriented, high-quality work and encourages similar standards.

Responsibilities

  • Review student financial aid files for completeness and accuracy, confirm required forms have been submitted, and identify needed changes or updates.
  • Contact students to resolve missing financial aid documents and complete verification; communicate required updates and next steps clearly and promptly.
  • Import FAFSA data electronically from the U.S. Department of Education, load and match files, and resolve conflicting information or other issues.
  • Resolve flagged issues and conflicts on Institutional Student Information Records, including C-flag comment-code issues, and submit FAFSA corrections to clear discrepancies.
  • Review and approve student financial aid appeals in accordance with policy.
  • Manage TEACH Grant awards by reviewing applications, determining eligibility, explaining service obligations, and checking eligibility and award limits each term using Department of Education financial aid systems.
  • Analyze National Student Loan Data System information to determine aggregate loan amounts and outstanding subsidized and unsubsidized balances, and compare results with consolidated loan information.
  • Review aggregate totals, canceled loans, and returned funds to identify over-awarded loans or grants, bankruptcies, or defaults.
  • Stay current on federal, state, and institutional regulations and work with the management team to implement required changes.
  • Serve as a backup financial aid packager, preparing financial aid awards that meet federal, state, and institutional requirements.

Desired Qualifications

  • An associate's or bachelor's degree is preferred.

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