Cash Management

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Class starts: May 5, 2015

Cost: $299 per registrant (members and non-members).

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This course provides an overview of the various methods for drawing down Title IV funds and the program-specific requirements for disbursing federal aid. You will also be introduced to cash management notification and authorization requirements. Presentations, discussion topics, and homework assignments reinforce key course concepts. A credential is provided after successfully completing and passing the credential test, which is available at the conclusion of the course and included in your course fee. 

NASFAA University courses are 100% online with an asynchronous focus, meaning the individual attendee can log on anytime/anyplace (assuming they have Internet access) and participate in course requirements – naturally there are due dates they will need to adhere to, i.e. weekly assignments that must be completed. There are also weekly synchronous class meetings held one night per week at 6pm ET (schedule to be released soon). However, these “live” classes are optional and recorded for on-demand viewing by the course attendee. While there will be no grade reductions for students that do not attend these live classes, we do encourage attendance to due to the highly collaborative nature of the courses.

As a participant of this course you will be asked to: 

  • Review educational presentations
  • Complete learning assignments and quizzes
  • Participate in online discussions
  • Collaborate with other financial aid administrators  

Important Dates

  • 05/05/15 Class Meeting #1 (Optional Attendance) -- Live/Online 6pm - 7pm ET  
  • 05/12/15 Class Meeting #2 (Optional Attendance) -- Live/Online 6pm - 7pm ET  
  • 05/19/15 Class Meeting #3 (Optional Attendance) -- Live/Online 6pm - 7pm ET  
  • 05/26/15 Class Meeting #4 (Optional Attendance) -- Live/Online 6pm - 7pm ET  
  • 06/02/15 - 06/15/15 Credential Testing Period   
Course Facilitators 
David TolmanDavid Tolman’s career in financial aid began in 1992. Before joining NASFAA, he had been the Director of Financial Aid and Scholarships at Boise State University for nearly 12 years. His training experience includes many summers as faculty for WASFAA Summer Institutes, being a non-federal trainer with the U.S. Department of Education, and an instructor for NASFAA decentralized training. David also taught principles of microeconomics courses at Boise State University as an adjunct faculty member. His education includes a Bachelor’s degree from Brigham Young University and a Master’s degree from Arizona State University.

eileenwelshEileen Welsh began her career in financial aid in 1971 and has been an administrator at both four-year private and public institutions, primarily in the Chicago area. She has been with NASFAA since 1991 as a Training Specialist for NASFAA’s Training and Regulatory Assistance Department. Her current responsibilities include developing training materials for NASFAA’s Training Track, webinars, and online courses; presenting Training Track sessions at state and regional conferences; and updating NASFAA’s other training products and publications, including CORE, the Self-Evaluation Guide, and the Policies and Procedures Tools.   

Dick_TombaughDick Tombaugh has been involved in student assistance since 1965, beginning as the Director of Student Loans at Purdue University. He was named Purdue’s first Director of Financial Aid in 1967. During 1969-70, he took a leave of absence to serve as an Education Program Specialist and Acting Assistant Director in the U.S. Office of Education’s Division of Student Financial Aid. In 1972, Dick moved to George Washington University in D.C. to serve as the Associate Director, and later the Director of Financial Aid, while at the same time serving as a part-time Executive Secretary of NASFAA. 

In January of 1974, Dick opened NASFAA’s first physical presence in D.C. and became the Association’s first full-time employee. Among his administrative duties was the preparation, submission and administration of two training contracts with the U.S. Office of Education totaling in excess of $1 million. Dick departed NASFAA in late 1975 to develop financial aid software in the private sector, but returned five years later to serve as Director of the Student Financial Assistance Training Program, a $1.2M (first year) and 1.8M (second year) contract with the Department of Education for the training of high school counselors, postsecondary aid administrators, fiscal officers, senior-level administrators and systems personnel.  He was responsible for a central staff of 5 full-time persons, plus 300+ part-time instructors, field monitors and site coordinators.  He oversaw the preparation and distribution of instructor's guides and participant handouts for more than 1000 workshops and seminars through the U.S.

Since 1982, Dick has been involved in several endeavors in the private sector, most of which included elements of training of financial aid administrators. Most recently, he spent four plus years on the management team of the Evans Consulting Group.

Cancellation Policy 

We limit our online class size to ensure that we provide an effective, collaborative learning environment where participants receive experience and attention they need. Requests to cancel must be sent to

By submitting your registration, you agree to the following cancellation schedule:

  • $25 cancellation fee before May 1
  • $50 cancellation fee May 2 - 4 

If you do not cancel by 6:00 am ET May 5, you will be responsible for the full amount of the registration fee. Medical emergencies will be re-scheduled to another available course with a doctor’s note.