ECM Fin Aid Blog
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Stay up to date with the latest news and insights in student financial aid through the ECM Fin Aid Blog. ECM (Educational Computer Systems, Inc.) specializes in providing innovative technology solutions for financial aid management. Their blog offers industry updates, best practices for financial aid professionals, and discussions on emerging trends and challenges in the field.
ECM Fin Aid Blog
1y ago
Colleges and universities are responsible not only for educating students but also for keeping them safe. As part of this effort, the Clery Act has policies, which Educational Compliance Management Inc. also recommends, that require schools to inform students, parents, and employees about crimes committed on and around college campuses. Previously known as the Campus Security Act, the Clery Act has undergone amendments several times since its initial creation in 1990, often in response to incidents that demonstrate the need for additional procedures. Schools that violate the Clery Ac ..read more
ECM Fin Aid Blog
1y ago
Students who have inadvertently received loans in excess of limits may have lost their Title IV loan eligibility, but it is possible to get the loans reaffirmed. There is a process for doing so by having the student repay the excess loan funds or agreeing to repay under the terms of the current Master Promissory Note through the process of “reaffirmation.” Schools can help students with their reaffirmations on NSLDS following several simple steps.
Identifying the Need for Reaffirmation
Reaffirmation on NSLDS requires verification that the aid recipient has not already reaf ..read more