Financial Aid Coordinator (0053)

Financial Aid: 60%

1. Assist with activities related to student financial aid programs for the School of Medicine
2. Enter and update financial aid budgets and award packages while ensuring accuracy.
3. Monitor Financial Aid records and other reporting sites to ensure students receive appropriate funding.
4. Coordinate financial aid disbursements and assist with verification that federal and state regulations are followed.
5. Provide guidance to students, applicants, and families regarding financial aid eligibility, loan options, scholarships, and borrowing implications.
6. Assist students with loan applications aid financial aid documentation.
7. Register students in the Banner system for financial aid and billing purposes.
8. Respond to inquiries from current students, prospective students, and alumni regarding financial aid records and eligibility.
9. Work closely with Director to conduct financial literacy and debt management sessions for medical students.
10. Assist with institutional loan programs and serve as liaison with the University Accounting Services for institutional loan administration.
11. Work with private lenders to assist students including all medical students in identifying funding options.
12. Assist with reporting requirements for MD program financial aid activities.
13. Provide support for scholarship programs and related initiatives.
14. Prepare financial aid correspondences, reports, charts, and other materials for the Director of Financial Aid.
15. Attend professional development opportunities and financial aid workshops through organizations such as AAMC, NASFAA, ILASFAA, and MASFAA.
16. Provide administrative coordination support to the Director of Financial Aid including maintaining calendars and assisting with departmental communications.

Data Management: 40%

1. Maintain student financial aid records within the institutional ERP (Ellucian Banner) ensuring accuracy of eligibility, awards, and disbursement data.
2. Assist with processing data imports from federal aid systems including FAFSA and Common Origination and Disbursement (COD) system.
3. Support routine monitoring of financial aid data across institutional systems, federal reporting platforms, and private loan reporting platforms.
4. Generate basic operational reports related to financial aid awarding, loan processing tracking, and scholarship administration.
5. Assist with routine data reviews to identify discrepancies and support corrections within financial aid data records
6. Support financial aid reconciliation by comparing Banner data with institutional accounting records along with private loan records.
7. Assist with preparation of financial aid data for institutional reporting, regulatory submissions, and accreditation documentation.
8. Maintain student financial aid files ensuring confidentiality and compliance with institutional policies.
9. Create and maintain financial aid documentation originating from the department which may include complex or confidential information.
10. Sensitive to the needs of underrepresented minority populations.
11. Performs other duties as assigned.