Division of Responsibility between Financial Aid and Fiscal Offices
There exists a clear and separate division of responsibility for the administration of financial aid programs, which are divided between the Financial Aid Office and the Business Services Office. In order to maintain this division, each office is accountable for the following responsibilities:
The Financial Aid Office
The Amberton University Financial Aid Office responsibilities include but are not limited to:
· Preparing Required Reports and Reconciliations
· Maintaining Financial Aid Records
· Monitoring Financial Aid Operations
· Processing Private Loans to Students
· Maintaining Accurate Records in Financial Aid Systems
· Providing Financial Aid Support to Students
· Awarding Financial Aid to Students
· Working with Business Services in the refunding process to return federal financial aid as needed
The Business Services Office
The Amberton University Business Services Office responsibilities include but are not limited to:
· Collecting payments for student accounts
· Maintaining accurate billing for student accounts
· Disbursing statements to students in a timely manner
· Disbursing funds to students as authorized
· Maintaining accurate records in the A/R System
· Working with the Financial Aid Office in the refunding process to return federal financial aid as needed.