Data collected by the FAFSA is used to complete what 2 objectives?
Confirm student eligibility (through database matches) and compute the SAI
Confined or incarcerated students have what 3 options to complete the FAFSA?
Completing a regular paper FAFSA, completing an Incarcerated Applicant FAFSA, or completing the FAFSA online
Why might supplemental information be requested after completing the FAFSA (4 reasons)?
Verification, professional judgement, confirmation of enrollment status, or resolution of conflicting information
What database verifies all FSA IDs?
The SSA (Social Security Admin) verifies FSA IDs within 1-3 days
How can a FAFSA applicant without an SSN still create an FSA ID?
By answering knowledge-based verification questions provided by TransUnion
How long can an incomplete FAFSA application remain inactive?
After 45 days of inactivity, the application is deleted for all contributors (can be reset by logging in saving the application)
If a student’s parents are divorced/separated, which parent is considered the parent of record on the FAFSA?
The parent who provides the greater portion of the student’s financial support over the most recent 12 months
Are FAAs required to verify the answers to the homeless youth questions?
Not unless conflicting information exists
Dependent students whose parents refuse to support them must secure what 2 items of documentation?
The parents’ refusal to complete the FAFSA, and refusal to provide any financial support to them in the future (along with the date support ended)
If an applicant believes their personal circumstances make it impossible to provide parental information, what option does the FAFSA provide?
The student can skip the parent questions and receive a provisional SAI after submission
What is the definition of unusual circumstances?
Situations that allow an FAA to make a PJ adjustment to a student’s dependency status (also called a “dependency override”)
What is the definition of special circumstances?
Financial situations that allow an FAA to make a PJ adjustment to data elements in a student’s COA or SAI calculation
When a student’s parents are divorced, is the payment of child support included in determining which parent provided more than half of the student’s support?
Yes, it is included as part of the assistance provided by the parent who is paying the child support
What is the FA-DDX, and why is it important?
The Future Act Direct Data Exchange allows the transfer of FTI (federal tax info) between the IRS and FSA for the purpose of calculating a student’s SAI
What are the two purposes of the database matches performed by the FPS when processing a FAFSA?
Establish a student’s eligibility for Title IV aid and to detect fraud
What are the 3 ways a student may qualify for a Federal Pell Grant?
Maximum pell, minimum pell, or calculated pell (based on SAI)
Name the six databases checked by the FPS when processing a FAFSA:
SSA, Dept of Homeland Security, NSLDS, VA, Dept of Justice, and Confined or Incarcerated applicant
What 3 parties receive FPS output documents (from FAFSA processing)?
Applicants, schools, and state aid agencies
What two items appear on the ISIR?
The student’s HS completion status and the student’s total amount of outstanding federal student loans
A school uses an ISIR for what 3 purposes?
Establish eligibility for Title IV aid, correct or update application info, and perform PJs
Where can a student find their SAI after completing the FAFSA?
The first page of the FAFSA Submission Summary
Where is ISIR data stored?
The ISIR Datamart (you can request them from FPP)
What is the difference between FAFSA corrections and FAFSA updates?
FAFSA Corrections are changes to incorrect data that must be made when discovered, while FAFSA Updates are changes to data that was correct at the time of submission but has since changed
What are 2 FAFSA data elements that must be updated if and when a change occurs?
Change in dependency status and change in family size (family size change can only be done through the verification process)
