Under administrative direction, to undertake special projects and to prepare reports on special issues relating to the Federal Family Student Loan Program, Cal Grant Program, Graduate Fellowship Program and Specialized Grant Program; and to do other related work.
Serves as Chief Consultant to the Student Aid Commission and Loan Study Council; reviews State and Federal legislation and regulations concerning the Federal Family Student Loan Program and grant programs administered by the Commission, and analyzes their impact on policy and operation; assesses the impact of the Loan Program on lender participation in the Program; identifies and defines the parameters of direct lending participation and operational constraints of California lending institutions and schools; reviews and analyzes the viability of the Loan Program's reserve fund; prepares grant program base line budget forecasts and current year budget estimates; analyzes proposed policy and legislation affecting the agency's loan and grant programs; implements, oversees, and manages compliance with the National Student Loan Data System (NSLDS); prepares and disseminates information on student financial aid; gathers and reports data on the economic circumstances of students; works with senior level commercial lending officials to seek lending policy changes; assesses the impact of the Loan Program on student access to loans and on student access to postsecondary educational opportunities; studies the problems of delinquent and defaulted borrowers; consults with the U.S. Office of Education and other states administering student loan programs; and meets with educational institution representatives and students.
Education: Equivalent to graduation from college, preferably with specialization in economics or business administration. (Additional qualifying experience may be substituted for the required education on a year-for-year basis.) and
Experience: Five years of increasingly responsible applied research experience in the financing of postsecondary education, public finance, consumer credit finance or a combination of these areas. (A Master's Degree in Economics or Business Administration may be substituted for one year of the required experience.)
Knowledge of: Rules and regulations relating to the Student Aid Commission; organization and functions of commercial lending institutions; laws, rules, and regulations of the loan programs and grants programs administered by the Commission; organization and function of postsecondary education in California; student financial assistance programs in California; research methods; statistical methodology; econometric techniques; financial simulation; technical report writing; economic principles and analysis; financial principles and analysis.
Ability to: Prepare in-depth and highly quantitative written reports; analyze data and situations accurately; develop and use computer simulation models both on mainframe and desktop computers; use the SAS computer software package and related statistical and spreadsheet packages; evaluate the performance of functional units in accomplishing program objectives; establish and maintain cooperative working relationships with senior level management of lending, educational, and contracting organizations and the Federal Government; and communicate effectively.
Willingness to travel both inside and outside the State for Student Aid Commission business.
Master's Degree or Ph.D. in Economics, Statistics or Computer Science; published journal articles in the subject of student financial aid.