Federal Requirement 4.7
The institution is in compliance with its program responsibilities under Title IV of the 1998 Higher Education Amendments. (In reviewing the institution’s compliance with these programs responsibilities, the Commission relies on documentation forwarded to it by the U.S. Department of Education.) (Title IV program responsibilities)
The University of South Carolina Upstate (USC Upstate) Office of Financial Aid is responsible for administering federal, state, institutional, and private funding to financially assist students with their education costs. USC Upstate is in good standing in accordance with the Program Participation Agreement (PPA). The Eligibility and Certification Approval Report (ECAR) signed with the U.S. Department of Education authorizesthe University to participate in Title IV financial aid programs. Reauthorization was completed in 2006, and the Institution’s PPA is effective until 2012.
The Office of Financial Aid is compliant with all annual audit and review requirements for the administration of Title IV student aid funds in accordance with federal regulations. The Fiscal Operations Report, Application to Participate (FISAP) and the required A-133 Audit Reports are completed and electronically submitted to the U. S. Department of Education on a timely basis in accordance with federal regulations.
USC Upstate adheres to all federal regulations as set forth under the Title IV student financial aid program regulations. Financial aid policies and procedures are in compliance with all Title IV regulations. Student eligibility is verified according to federal regulations. Verification rules are reviewed each year and the financial aid system is modified to comply with the new rules and regulations. All required consumer information concerning federal aid is provided to students by the Office of Financial Aid and can be found on the Financial Aid website.
There are no outstanding issues between the Department of Education and USC Upstate with regard to the administration of Title IV programs and no known complaints have been filed with the Department of Education regarding the administration of Title IV programs. USC Upstate submits the FISAP report to the Department of Education in a timely manner, and, therefore, has not been placed on cost-reimbursement method of payment. The Institution has not been required to obtain a letter of credit in favor of the Department of Education.
There are no significant unpaid dollar amounts due back to the Department of Education and USC Upstate is not aware of any infractions which would jeopardize Title IV funding. USC Upstate’s most recent default rate calculation for the Federal Family Education Loan program is 5.1 % for fiscal year 2007.