Region 1
Meeting
Thursday,
April 14, 2005
Submitted
by Leigh M. Fiorenzo, Region 1 Secretary
Attendance:
AFC Kristen
Carey
Bank of
Bank One Michael
Woody
Buffalo State College Linda
Chilson, Jason Farrell, Janet Ganley, Warren Hoffman, Stephanie Kindzia, Kent
McGowan, Lisa Morrison, Sharon Spagnoli, Pam Steffan, Michael Woodruff, Susan
Wright
Citibank Laura
Worley
College
Loan Corp Vince
Scalise
The
College Board Scott
Lewis
EdFund Dan
Dreves
First
HSBC Sherrie
Sheppard
M & T Bank Leigh
M. Fiorenzo, Andrew Leardini
NCCC Kim
Buerger, Kathy Michalski
Nellie
Mae Katrina
DelGrosso, Abbey Linsner
Nelnet Carrie
Newman
NYSHESC Casandra
Cade, Bonnie Evans, Mike Williams
St.
Bonaventure Mary
Jo Brockel, Gail Quiny, Elizabeth Rankin
Student
Loan Xpress Brian
Levy
UB Joseph
Alongi, Roseanne Johnson, Brent McEnroe, Yvonne Nagel, Kevin Ryan,
Wachovia Karen
Blankenburg
Presentation:
FISH! Philosophy
Presenter:
Jennifer Houseknecht, EDFUND Client Training Consultant
Moderated by Dan Dreves, Senior Client
Relations Manager, EDFUND Eastern Region
NYSFAAA Nominations and Elections (Carrie Newman)
·
It is
time once again to think about nominations for the following positions: Regional Chair, Exec Counsel, Secretary, and
Treasurer
·
The
region is looking for active members to volunteer to run or we will be looking
for members to nominate fellow members (please verify with that person before
you nominate)
·
Several
committees may be available as chairs and co-chairs look to recruit volunteers
to participate on various committees
·
Congratulations
to Dave Canaski from SUNY Cortland as he won the President Elect position
·
Region 1
will be participating in the electronic voting process for the upcoming
elections. All we need to do is come up with the list
of nominees, prepare the ballot, and forward the information on to ATAC to get
an e-mail prepared
·
Mary
Koehneke will most likely be the person to contact with nominations but a
message will be sent over the list serv
·
Thank
you to Mary Koehneke for running the past and present nominations/elections
Region 1 Outing (Laura Worley)
·
A
message was posted on the list serv to gather ideas for the summer outing
·
Only a
few suggestions were received:
·
·
Bison’s
Game: June 23rd home game at
1:00 which is a Thursday
·
A
suggestion was also made to look into the Miss Buffalo but this is usually
fairly pricey
·
Laura
will send out a message to the list serv to get a vote on preference
Committee Updates
·
Sherrie
Sheppard from the SUNYFAP registration committee is looking for volunteers to
man the registration table at the conference so if you are interested please
contact her
HESC Update (Bonnie Evans)
Please see notes below submitted by Bonnie Evans:
HESC Update
April 2005
Grants and Awards Messages
HESC recently released Financial
Aid Services Bulletin 2005-007,
“G+S Award Messages” (3/31/05),
that lists the Grants and Scholarship messages and codes, which will be used
for the ’05-06 academic year. The bulletin can be
viewed by visiting the “College Administrators and Lenders” link on or by clicking on:
TAP Stats
To date, HESC has received 136,611
TAP applications for the ‘05-06 academic year, with the majority received
electronically via the TAP on the Web (TOTW) or multi-year process. Only 7 % of the applications submitted were received via
paper and HESC predicts that as many as 90 percent of an estimated 600,000 TAP
applications will be filed electronically for the 2005-06 academic year.
The majority of multi-year and
TOTW applications received to date had sufficient data to make awards or
denials, reflecting only a 2 percent error rate. This
indicates that students are filling out electronic applications more completely
and accurately.
05-06 TAP Awards
Information should be available
shortly regarding the status of 05-06 TAP Awards and the
Student Status Listing Reminder
The 2004-05
Student Status Listing will be run on
each Friday until July 2005, and the 2004-05 Remittance Advice will be available
each Friday until August 2005.
Files will be available for
retrieval the following morning. Payments will be
mailed or electronically transferred within three to five weeks of the date of
the associated Roster or Accounting Documents.
HESC Grants and Scholarships reports
are also now available for printing and viewing by visiting or clicking
on the following HESC web link:
If you are authorized to access
this data, you will be required to logon with your HESC User ID and password. For assistance in obtaining a User ID and password,
contact HESC’s Help Desk at 1-888-NYS-HESC,
(1-888-697-4372).
New Preferred Lender List
Option
HESC recently developed a new preferred
lender list option for
Information regarding this new
option can be found in Financial Aid Services Bulletin 2005-005, “New Web
Features for FFEL Administrators" (3/14/05), and can be viewed by visiting
the “College Administrators and Lenders” link on or by clicking on:
.
For more information regarding
preferred lender list options, contact HESC’s Solution’s Team at (518)
473-0480, or via e-mail at .
Lenders/Servicers Reports
Effective April 11, 2005, HESC
will discontinue mailing paper versions of several lenders/servicers reports. HESC will make reports available in either CommonLine
format or in HESC’s proprietary format. Reports can be
viewed or printed from the HESC web site.
Servicers and lenders can find
more information regarding this paperless processing initiative in Financial
Aid Services Bulletin 2005-008, “ Paperless
Processing” (3/31/05) that can be viewed by visiting the “College
Administrators and Lenders” link on or by clicking on:
PLUS Credit Check Update
HESC recently released the second
in a series of bulletins describing the implementation of HESC's PLUS credit
check process that is being implemented in phases. To
view the most recent bulletin, visit the “College Administrators and Lenders”
link on or by clicking on:
Empire EFT Process
Contracts for the new Empire EFT
process, a new loan disbursement option, in addition to HESC’ s current EFT
Escrow Service, that will give schools greater control and faster delivery of
HESC-guaranteed loan funds, will be available shortly.
Schools will be able to choose the
FFEL funds they want disbursed as often as every day, and have the funds in
their account the next morning. Contracts and
procedure manuals will be available shortly.
More information on this
disbursement option can be found in Financial Aid Services Bulletin
2005-003, “HESC Offers Empire EFT for Schools and Lenders”, which can
be viewed by clicking on:
.
SUNYFAP Conference
HESC will be participating at the
upcoming SUNYFAP Conference,
which will be held at the Queensbury Hotel in
April 20th-22nd, 2005. The “HESC Update” session is scheduled for 9am on
Thursday, April 21. HESC looks forward to seeing our
SUNY and lender colleagues at the SUNYFAP Conference.
School, Lender,
& Guarantor News
·
Brian
Levy has joined Student Loan Xpress as the Region 1, 2, 3 and part of 8
representative
·
Andy
Leardini has returned to the sales team at M & T as the Region 1, 2, and 3
representative
·
Michael
Woody is the new representative at Bank One/Chase for Region’s 1 and 2
Reminder from Carrie Newman: Please check your credit report to make sure you are not a victim of identity theft!! You could be next if you aren’t careful.
Next Meeting: May 19, 2005