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Description: Tags: 0304AVGIntro

This document summarizes changes to the financial aid application and verification process for the 2003-2004 year, including: - Paper FAFSAs signed before January 1, 2003 will be sent a reject SAR asking the student to re-sign rather than being returned. - The verification tracking flag now uses only numbers rather than codes. - A field for the student's email address has been added to the paper FAFSA. - There is a new parent marital status item on the FAFSA. - Pell grant recipients now have 120 days instead of 90 to submit verification documents.

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34 views2 pages

Description: Tags: 0304AVGIntro

This document summarizes changes to the financial aid application and verification process for the 2003-2004 year, including: - Paper FAFSAs signed before January 1, 2003 will be sent a reject SAR asking the student to re-sign rather than being returned. - The verification tracking flag now uses only numbers rather than codes. - A field for the student's email address has been added to the paper FAFSA. - There is a new parent marital status item on the FAFSA. - Pell grant recipients now have 120 days instead of 90 to submit verification documents.

Uploaded by

anon-67977
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Introduction i

This publication is intended for financial aid administrators and


counselors who help students begin the student aid process—filing
the Free Application for Federal Student Aid, verifying informa-
tion, and making corrections and other changes to the information
reported on the FAFSA.

CHANGES FOR 2003-2004


There are some changes regarding the application processing
system that pertain to this guide:

• Paper FAFSAs signed before January 1, 2003 will no longer


be returned. Instead, a reject SAR will be sent to the stu-
dent asking her to date and re-sign the SAR and submit it
for processing.
• The verification tracking flag on the ISIR will now consist
only of numbers (the A and B codes are gone), and the
higher the number, the greater the chance that the student
has made significant errors on the application.
• A field for the student’s e-mail address has been added to
the paper FAFSA as question 99.
• There is a new parent marital status item on the FAFSA—
question 60.
• FAFSA Express is no longer available.

Pell recipients now have 120 days (instead of 90) after their last
day of enrollment—but not later than September 2, 2004—in which
to submit verification documents and in which the school must have
received a valid output document.

Due to changes in the tax law, new guidance regarding qualified


tuition programs (QTPs) has been given. See p. 21.

We have added clarifying comments on dependency overrides


for students who are veterans according to FSA standards but not
according to the VA’s standards. See “Not a veteran” on p. 26.

We have added guidance on dependency overrides to include


some of the contents of Dear Colleague Letter GEN-03-07. The
added text discusses documentation and the need for a school to
justify an override for a student each year. See p. 28.

AVG–1
Application and Verification Guide, 2003–2004

We have added the Preparer Tax Identification Number (PTIN)


as a valid identifying number for tax preparers who helped
complete tax forms that are used for verification. See p. 46.

At the behest of schools, the “S” response has been added back
to the list of verification status codes. It is used for some of the
students that the blank response covered last year. See p. 52.

Note that throughout the Handbook institutions of higher


(postsecondary) education are referred to simply as colleges.
“Parents” in this volume refers to the parents of dependent
students, and “you” refers to the primary audience of the
Handbook—financial aid administrators at colleges.

We appreciate any comments that you have regarding the


Application/Verification Guide as well as all the volumes of the
Federal Student Aid Handbook. We do add comments and
clarifications based on your suggestions, so please contact us at
[email protected] to let us know how to improve the
Handbook so that it is always clear and authoritative.

AVG–2

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