Pathway to Administrative Capability for Career Institutions


Genesis SMS Release Notes 2.91

(update genesis-smss_release_notes.txt 01/04/2011) Genesis-SMS Release 2.91 01/04/2011:     Enhancement: Ledger reports show 2009 1098T and 2010 1098T Changes for Award Year 2010 1098T electronic filing   Genesis-SMS Release 2.90 12/14/2010:     Maintenance: Corrected issue with SAP calculation.  Students who had reached a midpoint were not showing on the report. Corrected search by program name in […]

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1098T Alert!

Functionality has been added to Genesis-SMS for Form 1098T Copy A and 1096 to save as an file to send electronically using the IRS FIRE system. We encourage using this method. You still can obtain IRS approved preprinted readable ink laser/inkjet (not carbon) forms from your vendor to print the F1098T CopyA and F1096. Form 1098T Copy B (student) and C (school) will print to regular printer paper.

The # of students in the run list will automatically calculate (can be edited) in order for the 1096 to be filled in properly. Also, a Select All/Unselect All button has been added along with check boxes next to each students name on the run list so that one or multiple students can be chosen to print forms.

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Is Your Staff Knowledgeable?

According to a recent article in the NACCAS newsletter, your staff better know what is going on. “Administrative Staff Knowledge” is part of the NACCAS Rules and one of the most frequently cited criterion, standard III, Criterion 3.

To be in compliance, ” The school’s administrative staff must be able to provide evidence, through documentation of attendance at training sessions and conferences, and in other appropriate ways, that they have knowledge of applicable federal, state, and local statutes and regulations governing the operation of the school. The school complies with the NACCAS Rules of Practice and Procedure and other NACCAS accreditation requirements.”

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Many Schools Turn to Outsourcing During Recession

 Ever wonder why more schools turn to outsourcing during a recession?  Is it really just about the cost being much less to the school?  How about control? Outsourcing immediately solves the money problem without the learning curve. To many struggling schools, it is a “no-brainer” to cut staff who are under performing and expensive when […]

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FAS Client Schools Cohort Default Rates Still Low

After averaging the FAS client cohort default rates for FY2007, FAS found that its clients successfully keep their rates low.  Though the client average of 10.4 is up from previous years, it still remains on the low side.  Many believe the slow economy has contributed to lower rates.  Institutions must play a proactive role in […]

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EDGE Financial Aid Loaded into Client Schools

Six client schools now are loading student data into the new EDGE financial aid module.  FAS will be working closely with these schools to be sure bugs are worked out and the web application is functioning properly.  FAS is also adding more features and is testing EDGE to provide the next phase to clients.  Many […]

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FAS Upgrades Servers for Better Performance and Security Posted September 2009

Financial Aid Services, Inc., recently invested in a new high-end Dell PowerEdge server to insure efficiency with all electronic data and web applications between FAS and clients including our new EDGE web application.  FAS understands that proper electronic data maintence, whether it be speed, storage space or security are significant factors that institutions must consider […]

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FAS Will Hold Spring Seminar on May 6th at Foxwoods Resort and Casino

FAS is excited to announce that we will hold our annual spring seminar and workshop at the legendary Foxwoods Resort and Casino.  We have booked the brand new MGM Grand for our workshop site to take place on Friday, May 6th 2010.   We have had a very large number of clients request this site for […]

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FAS Provides Expert Title IV Consulting and Processing

Allowing institutions to streamline their Title IV Financial Aid Procedures effortlessly. Whether using FAS’ software applications or FAS’ friendly and accessible staff, institutions notice immediate relief and improved administrative capability when outsourcing with FAS.

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