Outsourced services and functions necessary for a school to continue to provide federal student aid.
Did you know the reviews allow an institution to remain eligible to participate in the federal student aid programs?
yes
do they need to be in agreement with title iv?
Yes, when contracting with an institution, a third-party servicer and/or its contractors must comply with the various Title IV requirements applicable to its servicing agreement with the school.
what kind of thing does title iv do?
The Title IV regulations authorize the U.S. Department of Education to provide oversight of third-party servicers.
what is something that is done during reviews?
Reviewers will evaluate the third-party servicers’ and schools’ compliance with FSA requirements, assess liabilities for errors in performance, and identify actions the third-party servicers and their partner schools must take to improve future administrative capabilities.
who can be a third party servicer?