Student Eligibility and The Application Process. BILL MACK.
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Transcript of Student Eligibility and The Application Process. BILL MACK.
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Student Eligibility andThe Application Process
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BILL MACK
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Objective
Understand how to complete the FAFSA
Know the required elements of student eligibility for federal student financial aid
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Free Application for Federal Student Aid (FAFSA)
Required for federal student aid programs Schools may not require an additional
application for federal aid programs Computes Expected Family Contribution Database matches confirm eligibility as an
eligible student
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FAFSA
Multiple ways to complete the FAFSAOn the WebPaper FAFSAFAA AccessFAFSA on the Phone
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FAFSA
FAFSA on the Web English or SpanishReal time submissionElectronic signaturesPop up helpPop up chat help
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FAFSA
Skip logic
Edit Checks
On-line status update
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FAFSA
Special Circumstances
Students may skip the parent questions if they feel they have a special circumstance
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FAFSA
IRS Data Retrieval Tool (DRT)Pulls IRS tax return data into the FAFSACan be used for the correction processRelieves the student/parent from submitting
a tax return transcript for verificationNot available for everyone (i.e. amended
return)
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FAFSA
Common MistakesForm is not signedWrong SSNWrong NameWrong Date of BirthPutting parent income information in student
section
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FAFSA
How to sign the applicationPasswordPrinted Signature PageSign rejected paper Student Aid Report (SAR)School submits the signature through FAA
Access (and keeps the documentation in the student’s file)
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FAFSA
Signing the application:
Certifies the information is correct
Gives ED authority to verify the information with other agencies
Agrees to provide the school with requested documents
Certifies the student’s identity
Acknowledges consequences of false information
Agrees to certain application certification statements
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Expected Family Contribution (EFC)
The amount a family can be reasonably be expected to contribute to a student’s annual cost of attendance.
The same at all schools Calculated using a congressionally mandated
formula
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Student Eligibility
US Citizen or Eligible Non-Citizen If required, be registered for Selective Service Not be default on a federal debt Not have exceeded aggregate borrowing
limits Not owe Title IV Refund High School Graduate or equivalent
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Student Eligibility
Not have been convicted of selling or possessing drugs while receiving federal student aidSelf reported on the FAFSADatabase match with the Department of
Justice
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Student Eligibility
Satisfactory Academic Progress (SAP)Established by the individual schools2.0 by the beginning of the junior yearNo more than 150 percent of the program
length.
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Institutional Eligibility
May not admit as a regular student those who do not have a high school diploma or its recognized equivalent and
Who are below the age of compulsory secondary school attendance in the student in which the school is located
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CPS Database Matches
SSN (for the student and the parents)
Department of Homeland Security
When the answer to the citizenship question is “eligible non-citizen”
Selective Service
For males over the age of 18
National Student Loan Data Service
Defaults
Overpayments
Aggregate borrowing limits
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CPS Database Matches
Department of DefenseTo identify students eligible for the
Iraq/Afghanistan Grant Department of Veteran Affairs
When the student claims on the FAFSA to be a veteran
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Output
Student receives a Student Aid Report (SAR) eMail Paper
EFCComments (verification, database match
failures)Eligibility for Pell/Stafford Loan
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Output
School receives a Institutional Student Information Report (ISIR) EFC Verification Code “C” Code Comment codes
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Changes to the FAFSA
Corrections: Applicants may correct items entered incorrectly or originally estimated (Income, assets)
Updates: Year in school, Dependency Status (except for the student’s marital status)
Adjustments: Changes made by the school as the result of professional judgment (dependency, income, etc.)
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Questions?