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Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY. Presented By. California Association of Student Financial Aid Administrators CASFAA California Community Colleges Student Financial Aid Administrators Association CCCSFAAA California Lenders for Education CLFE.

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Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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  1. Student Financial Aid ProgramsINTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

  2. Presented By California Association of Student Financial Aid Administrators CASFAA California Community Colleges Student Financial Aid Administrators Association CCCSFAAA California Lenders for Education CLFE

  3. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Federal funds administered for undergraduate students in the State of California $5.3 billion annually

  4. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY CSAC funds administered for students in the State of California approaches $1 billion annually

  5. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY In addition, California institutions also administer institutional and private scholarships (merit only) $6.4 billion

  6. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Verification Overview Verification of student & parent information required on at least 30% of all FAFSAs filed

  7. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY In addition, if conflicting information exists, institutions routinely select additional applications for verification

  8. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Components of Required Verification

  9. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY CSAC has historically “piggybacked” on federal verification requirements

  10. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY IRS Federal Tax Return • Student • Student’s spouse, if applicable • Parent(s)

  11. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Department of Homeland Security • Citizenship

  12. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Social Security Administration • Citizenship • Change of Name

  13. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Independent Living Program • Foster Youth Certification • Dependency Status

  14. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Department of Social Services • Untaxed Income & Benefits

  15. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Employment Development Department • Unemployment Benefits

  16. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Veterans’ Administration • DD 214 (Discharge) • Verify Veterans’, and eligible dependents, Benefits, Eligibility & Amount

  17. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Selective Service Administration • Verify Selective Service Registration

  18. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY County Recorder’s Office • Birth Certificate • Marriage Certificate • Death Certificate

  19. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Program/Fund Administrator • Verification of Assets

  20. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Accountant • Verification of Income & Assets • Copy of 1040 Federal Tax Return, including all schedules and W-2’s

  21. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY NSLDS (National Student Loan Data System) • No Prior Loan Default • No Grant Repayment Owed

  22. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Accountability Annual Audit of SFA Programs • Required by Federal Regulation • Samples Title IV Recipients • Title IV Programs • Submitted to US Dept. of Education

  23. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Annual Audit • Business Practices & Procedures • Segregation of Duties • Cash Management

  24. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Federal Audits • Annual audit may trigger a Federal Program Review • With or without notice by the US Dept of Education

  25. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY State Audits • CSAC Audits • EdFund Audits • Other Guarantee Agency Audits

  26. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY More Audits • Veterans’ Administration Audits • Office of Inspector General Audits • Office of Civil Rights

  27. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY And More Audits • Private Scholarship Foundation Audits • WICHE & Other State Agency Audits • NCAA Audits

  28. Audit, Audit, Audit…

  29. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY We constantly, and consistently, prove that we are “good stewards of public funds”

  30. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY After Integrity and Accountability Comes Responsibility

  31. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Responsibility to… • First to serve our students • Second to serve our institutions • Third to serve the taxpayers

  32. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY We have already proven our responsibility to the federal and state governments through integrity & accountability of our programs

  33. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Responsibility to… • Assist students with FAFSA completion • Counsel to help students with emergencies • Counsel to help students with dependency status issues

  34. INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY Responsibility to… • Counsel students with loan problems • Advise students with debt problems • Encourage students to file for scholarships • Assist students who had “base” year income, but quit work to attend college

  35. VERIFICATION Federal Student Eligibility & State of California CONFIRMATION

  36. State of California CONFIRMATION Requirements

  37. State of California CONFIRMATION Requirements

  38. Disbursement/Reconciliation

  39. Disbursement/Reconciliation

  40. Disbursement/Reconciliation

  41. Agencies The Student Must Contact To Obtain Documentation AgencyPurpose Department of Homeland Security Citizenship Social Security Administration Citizenship, Change of Name High School GPA, Academic Competitiveness Grant Independent Living Program Foster Youth Certification, Dependency Status Welfare Department Untaxed Income Confirmation Employment Development Dept Unemployment Benefits Internal Revenue Service Tax Return

  42. Agencies The Student Must Contact To Obtain Documentation AgencyPurpose Veteran’s Administration DD214 (Discharge) Selective Service Administration Selective Service Registration County Recorder Office Birth, Death or Marriage Certificate Program/Fund Administrator Verification of Assets Accountant Verification of Income & Assets, Copy of 1040 Prior Colleges Academic Transcripts

  43. Impact on Students Student Verification Process Visual

  44. Student Verification Process AFTER Completing the FAFSA

  45. The End

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