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2014 AASFAA Symposium

2014 AASFAA Symposium. 2014-2015 Verification. 2014 AASFAA Symposium. Agenda. Brief history of verification Verification exclusions 2014-2015 Federal customized verification groups 2014-2015 Acceptable documentation Reporting 2014-2015 verification results for V45 &V5

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2014 AASFAA Symposium

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  1. 2014 AASFAA Symposium

    2014-2015 Verification
  2. 2014 AASFAA Symposium Agenda Brief history of verification Verification exclusions 2014-2015 Federal customized verification groups 2014-2015 Acceptable documentation Reporting 2014-2015 verification results for V45 &V5 Unusual Enrollment History Best practices
  3. 2014 AASFAA Symposium History of Verification 2012 Federal Customized Verification Groups 1965 Higher Education Act What’s next???? 2012 IRS DRT 1985 Federal Verification Randomly Selected
  4. 2014 AASFAA Symposium Verification exclusions Death of a student Not an aid recipient Only eligible to receive unsub funds Verified by another school (need a letter from that school) Selected for verification post enrollment and disbursement already occurred
  5. 2014 AASFAA Symposium Verification exclusions continued Parent of Dependent Student Spouse of an independent student The spouse has died Spouse is mentally incapacitated Spouse resides in a country other than the U.S. and can’t be contacted by normal means Spouse can’t be located because the student does not have and cannot get their contact information Both Parents are mentally incapacitated Parents reside in a country other than the U.S. and can’t be contacted by normal means Parents can’t be located because the student does not have and cannot get their contact information
  6. 2014 AASFAA Symposium Customized Verification There are 6 customized verification groups With number 2 reserved for the use of The Department 34 CFR 668.51 - 668.61 (Subpart E)Application Verification Guide – Chapter 4 Dear Colleague Letter GEN-13-16
  7. 2014 AASFAA Symposium V1 - Standard Verification Group
  8. 2014 AASFAA Symposium V1 - Standard Verification Group Continued
  9. 2014 AASFAA Symposium V3 – Child Support Paid Verification Group
  10. 2014 AASFAA Symposium V4 – Custom Verification Group
  11. 2014 AASFAA Symposium V5 – Aggregate Verification Group
  12. 2014 AASFAA Symposium V5 - Aggregate Verification Group Continued
  13. 2014 AASFAA Symposium V6 – Household Resources Verification Group
  14. 2014 AASFAA Symposium V6 – Household Resources Verification Group
  15. 2014 AASFAA Symposium V6 – Household Resources Verification Group
  16. 2014 AASFAA Symposium Acceptable Documentation for 2014-2015
  17. 2014 AASFAA Symposium Who cannot submit a Tax Return Transcript? Married filing separate tax returns Unmarried and living together Amended Tax Return filed A signed copy of original tax return or tax return transcript AND A signed copy of IRS Form 1040X that was filed with the IRS
  18. 2014 AASFAA Symposium Reporting Results for V4 &V5 Verification Schools must report the results of verification for those students selected in the V4 or V5 tracking groups Students selected by schools and not in V4 or V5 are not to be reported Reporting must be done within a short time after the end of the 2014-2015 aid year. Results may be submitted individually on CPS online, or beginning April 2014 by uploading a flat file to the CPS web site.
  19. 2014 AASFAA Symposium Reporting Results for V4 &V5 Verification
  20. 2014 AASFAA Symposium Reporting Results for V4 &V5 Verification
  21. 2014 AASFAA Symposium Reporting Results for V4 &V5 Verification Verification completed in person, no issues found Verification completed remotely, no issues found Verification attempted, issues found with identity Verification attempted, issues found with high school completion No response from student Electronic Announcement November 13, 2013
  22. 2014 AASFAA Symposium Unusual Enrollment History UEH Flag 2 and Comment Code 359 Must review the last three years awards to determine if a Pell grant at the institution was received If yes, no additional action is required If no, using information from NSLDS, the institution must identify all schools where the student received a Pell Grant for the last three award years and determine if the student earned academic credit at each of those schools during the award year for which the student received a Pell grant
  23. 2014 AASFAA Symposium Unusual Enrollment History UEH Flag 3 and Comment Code 360 Using information from NSLDS, the institution must identify all schools where the student received a Pell Grant for the last three award years and determine if the student earned academic credit at each of those schools during the award year for which the student received a Pell grant
  24. 2014 AASFAA Symposium Examples of Institutional Verification Forms Arizona State University Verification Forms
  25. 2014 AASFAA Symposium Best Practices Verification Forms Electronic documents Secure Document Upload Imaging system with Optical Character Recognition (OCR) What other best practices do you see in your offices?
  26. 2014 AASFAA Symposium Questions?
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