Institutions placed on federal Title IV heightened cash monitoring after a federal program review or audit are prevented from drawing down federal funds until they have satisfied additional requirements from the U.S. Department of Education. These institutions can experience significant cash flow issues.
With a proven track record of exceptional, error-free submissions, FAS partners with schools to manage the heightened cash monitoring process and help them comply with additional requirements. We can also help introduce and maintain effective financial aid practices that ensure future compliance. Services include:
- Project management and oversight
- File assembly
- Document review
- Determination of eligibility
- Reconciliation of funds
- Certification of files to be submitted
"Colleges and universities will find Heightened Cash Monitoring and Reimbursement difficult and challenging. FAS has worked with a number of institutions in this situation, successfully guiding them through the process."
David Gray
President
FAS
President
FAS