Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

2003-2004 Federal Student Aid Handbook in PDF Format

Award Year: 2003-2004

Chapter: --Application and Verification Guide

Section: --Application and Verification Guide

Page Numbers: 1-66

Posted on 03-07-2003

The Handbook is posted each year on the Web, and a print version is later mailed to all schools participating in the Federal Student Aid programs. (See instructions for updating your school's mailing address for publications.) Once the Handbook has been mailed, additional copies may be ordered online from the Department. Questions about and suggestions for the Handbook can be sent to the Research and Publications Group in the Schools Channel.

Each chapter of the Application and Verification Guide section of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text.

Attachments/Enclosures:

Attachments

File
3 pages
66 pages
2 pages
2 pages

Award Year: 2003-2004

Chapter: --Volume 1 - FSA Handbook: Student Eligibility

Section: --Volume 1: Student Eligibility

Page Numbers: 1-138

Posted on 05-14-2003

Each Chapter of Volume 1 Student Eligibility of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the Chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater of the free Adobe Acrobat Reader software.

Attachments/Enclosures:

Award Year: 2003-2004

Chapter: --Volume 2 - FSA Handbook: Institutional and Program Eligibility

Section: --Volume 2 - Institutional and Program Eligibility

Page Numbers: 1-383

Posted on 04-22-2003

Each Chapter of Volume 2 - Institutional and Program Eligibility of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the Chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater of the free Adobe Acrobat Reader software.

Attachments/Enclosures:

Award Year: 2003-2004

Chapter: --Volume 3 - FSA Handbook Federal Pell Grant Program

Section: --Volume 3 - Federal Pell Grant Program

Page Numbers: 90

Posted on 05-02-2003

Each Chapter of Volume 3 - Federal Pell Grant Program of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater the free Adobe Acrobat Reader software.

Award Year: 2003-2004

Chapter: --Volume 4 -FSA Handbook: Campus-Based Common Provisions

Section: --Volume 4 - Campus-Based Common Provisions

Page Numbers: 1-19

Each chapter of Volume 4 - Campus Based Common Provisions section of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text.

Award Year: 2003-2004

Chapter: --Volume 5 - FSA Handbook: Federal Perkins Loan

Section: --Volume 5 - Federal Perkins Loan

Page Numbers: 1-107

Posted on 05-01-2003

Each chapter of Volume 5 - Federal Perkins Loan Programs of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater the free Adobe Acrobat Reader software.

Attachments/Enclosures:

Award Year: 2003-2004

Chapter: --Volume 6 - FSA Handbook: Federal Work Study

Section: --Volume 6 - Federal Work Study

Page Numbers: 55

Posted on 05-01-2003

Each Chapter of Volume 6 - Federal Work Study of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the Chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater of the free Adobe Acrobat Reader software.

Award Year: 2003-2004

Chapter: -- Volume 7 - FSA Handbook: Federal Supplemental Educational Opportunity Grants

Section: --Volume 7 - Federal Supplemental Educational Opportunity Grants

Page Numbers: 1-13

Posted on 05-02-2003

Each chapter of Volume 7 - Federal Supplemental Educational Opportunity Grant of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater the free Adobe Acrobat Reader software.

Award Year: 2003-2004

Chapter: --Volume 8 - FSA Handbook: Direct Loan and FFEL Programs

Section: --Volume 8 - Direct Loan and FFEL Programs

Page Numbers: 1-67

Posted on 04-18-2003

Each chapter of Volume 8 - Direct Loan and FFEL Programs of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater of the free Adobe Acrobat Reader software.

Award Year: 2003-2004

Chapter: --Volume 9 - FSA Handbook: State Grant Programs

Section: --Volume 9 - State Grant Programs

Page Numbers: 1-21

Posted on 04-25-2003

Each chapter of Volume 9 - State Grant Programs of the 2003-2004 FSA Handbook is presented as a separate PDF File. Look right on the page to see all the chapters (listed as attachments) and the hyperlink text. Requires 4.0 or greater the free Adobe Acrobat Reader software.

Award Year: 2003-2004

Chapter: --2003-2004 FSA Handbook Errata and Updates

Section: --2003-2004 FSA Handbook Errata and Updates

Page Numbers:

Posted on 11-06-2003

2003-2004 Federal Student Aid Handbook Errata and Updates

The errata and updates below are items that were amended after the initial PDF files were posted to the Web and before the Handbook went to print. fsaschoolspubs@ed.gov

Application and Verification Guide

Description

Location

Under the sidebar note "Exception to FAFSA filing requirement," the parenthetical phrase about many schools requiring the completion of a FAFSA was removed.

P. 3

The first deadline in the bulleted list was updated to September 6, 2004, and the rest of the deadlines in the list were updated to September 17, 2004.

P. 7

The words "federal or state" were added just before the word "conviction" in the second-to-last line on the page.

P. 11

The guidance for the treatment of Coverdell education savings accounts was corrected to read that they are to be treated as assets of the account owner.

Pp. 19 and 20

The last sentence of the first paragraph and the entire second and third paragraphs were added to incorporate recent guidance on dependency overrides.

P. 29

In the last paragraph the Preparer Tax Identification Number (PTIN) was added as a valid identifier to complement the preparer's name.

P. 46

The "S" verification status code was added.

P. 52

In the first paragraph under "Household size and number in college," the text that stated that household size and number in college were not to be updated due to remarriage of a parent between application and verification was removed, and revised guidance was added as the sidebar note titled "Parent remarriage after applying."

P. 59

Volume 1: Student Eligibility

Description

Location

The phrase "federal or state" was added to the first sentence on the page.

P. 14

In the page title DCS was replaced with ED Collections.

The following errata did not make the print edition of the Handbook and also are not reflected in the PDF files for Volume 1.

P. 131

The first sentence under "Counting previous test results" should read that the student must have the test publisher or the assessment center submit the official test score notification.

P. 6

The chart should show that for comment 57 a C-code is generated.

P. 70

Volume 2: Institutional and Program Eligibility

Description

Location

The second paragraph has been changed. The revised text reads:

"The intent of the statute was to permit an institution to consider all Title IV aid that was disbursed or could have been disbursed to a student for an entire period of enrollment, as long as the conditions for making a late disbursement (see chapter 5) are met. Even though a second or subsequent FFEL or Direct Loan disbursement can not be made, it may be counted as aid that could have been disbursed for purposes of determining earned Title IV aid regardless of whether the institution was prohibited from making the disbursement on or before the day the student withdrew. However, a student can never receive as a post-withdrawal disbursement funds from a second or subsequent FFEL or Direct Loan disbursement that the institution was prohibited from making to the student on or before the date of the student’s withdrawal."

P. 116

Duplicate copy of Chapter 9 in the master PDF file for Volume 2 has been removed and pagination corrected.

The following errata did not make the print edition of the Handbook and also are not reflected in the PDF files for Volume 2.

n/a

The last bullet on the page should be deleted.

P. 93

Under Effects of the 30-day delayed disbursement requirement, please change may be included to must be included. Also, please note that the late disbursement conditions that must be met before the student withdrew include:

  • for all Title IV aid (except a PLUS loan), the Department has processed a Student Aid Report (SAR) or Institutional Student Record (ISIR) with an official Expected Family Contribution (EFC);

  • for an FFEL loan or Direct Loan, the institution certified or originated the loan as applicable; and

  • for a Federal Perkins Loan or FSEOG award, the institution made the award to the student.

P.116

Under The annual security report, please note that the second sentence should begin The crime report due October 1, 2003. The year was incorrectly stated as 2002.

P. 257

The fax numbers have changed to (319) 665-7747 or (319) 665-7647.

Pp. 135 and 171

Volume 3: FSA Handbook: Federal Pell Grant Program

Description

Location

Under "Actual or Average costs," there is an incorrect reference to average costs. The correct reference for the discussion of average costs is in Volume 1 (Student Eligibility), Chapter 7, page 1-120 (2003-2004 edition).

P. 22

Volume 5: FSA Handbook: Federal Perkins Loan

The following errata did not make the print edition of the Handbook and also are not reflected in the PDF files for Volume 5.

Description

Location

The "Low-Income Individual Maximum 2002 Income Levels for 2003-2004 Award Year" graphic on page 5-31 of Volume 5, Chapter 4 contains inaccurate dollar figures. The revised dollar figures are as follows:

Low-Income Individual Maximum 2002 Income Levels for 2003-2004 Award Year

Also, on the same graphic, please change the "Maximum 2001 Income Level" to "Maximum 2002 Income Level."

P. 31

Volume 8: FSA Handbook: Direct Loan and FFEL Programs

The following errata did not make the print edition of the Handbook and also are not reflected in the PDF files for Volume 8.

Description

Location

The second paragraph has been changed. The revised text reads: "The intent of the statute was to permit an institution to consider all Title IV aid that was disbursed or could have been disbursed to a student for an entire period of enrollment, as long as the conditions for making a late disbursement (see chapter 5) are met. Even though a second or subsequent FFEL or Direct Loan disbursement can not be made, it may be counted as aid that could have been disbursed for purposes of determining earned Title IV aid regardless of whether the institution was prohibited from making the disbursement on or before the day the student withdrew. However, a student can never receive as a post-withdrawal disbursement funds from a second or subsequent FFEL or Direct Loan disbursement that the institution was prohibited from making to the student on or before the date of the student’s withdrawal."

P. 116

The second paragraph's last sentence should be deleted and the next-to-last sentence revised to read:

However, you may not make a late disbursement of a PLUS Loan unless you certified the PLUS loan for the benefiting student before the date the student graduated, withdrew, was expelled, or dropped below half-time enrollment.

P. 13

The non-term example in the sidebar titled "Annual loan limits for students who change programs or transfer" should be revised to read:

For instance, if the student enrolls in a 900 clock-hour program that runs from Jan 5 to June 15, but then transfers into another 900 clock hour program that begins on April 7, the Stafford amount for the academic year in the new program cannot exceed $2,625, minus the amount received at the first school.

P. 22

The first paragraph under "Transfers & grade level" should be revised to read:

If you're awarding a Stafford loan to a student who is transferring from an associate or bachelor's degree program to a program at your school, you may use the loan limits for a student in the second year or higher level of study if your school classifies the student at that level based on the number of academic credits it accepts from the prior school. (If an associate degree is required for entry into a program at your school, you would always use the third-year loan limits for a student with an associate degree who transfers to that program.)

The second paragraph, regarding "life experience" should be deleted.

P. 23,

There are currently no errata or updates for the other volumes of the 03-04 Handbook.

Award Year: 2003-2004

Chapter: --List of Updates for 2003-2004 -- FSA Handbook

Section: --List of Updates for 2003-2004 -- FSA Handbook

Page Numbers:

Posted on 08-18-2003

2003-2004 Federal Student Aid Handbook Notable Changes

The Application and Verification Guide:

Date

Description

Location

n/a

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 student 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.

n/a

n/a

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.

n/a

n/a

Due to changes in the tax law, new guidance regarding qualified tuition programs (QTPs) has been given.

P. 21

n/a

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

n/a

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.

p. 28.

n/a

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.

p. 46

n/a

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.

p. 52.

Volume 1, Student Eligibility:

Description

Location

The text in chapter 1 has been changed to note that students from a state that provides for a certification of a home-school secondary education can self-certify that they have received such a certification.

n/a

In chapter 1 the requirement that a student pass an ATB test within twelve months before the receipt of aid has been eliminated.

n/a

We have revised the guidance regarding parolees as eligible noncitizens in chapter 2. The new text now states that parolees are eligible noncitizens if paroled into the U.S. for at least a year and if they can provide evidence from the Bureau of Citizenship and Immigration Services (BCIS, formerly the Immigration and Naturalization Service or INS) that they are in the U.S. for other than a temporary purpose with the intent to become citizens or permanent residents. A valid application for lawful permanent resident status on file with the BCIS would meet this criterion.

Ch 2

Also in chapter 2 we have replaced INS (Immigration and Naturalization Service) with BCIS (Bureau of Citizenship and Immigration Services), which is the new name for that part of the old INS that provided services to immigrants. Note that the INS abbreviation still appears in the charts showing ISIR results because the application processing system was not changed for 03-04 to show the new name for the INS. The Department no longer plans to conduct a match to determine if students are incarcerated and in what kind of institution.

Ch 2

The Social Security match will now produce a reject when an applicant’s name and SSN match but the date of birth does not. Also, students from the Pacific islands who do not have an SSN will now send their FAFSA to the same address as all other students. See chapter 4.

Ch 4

There are the usual updates to the allowances used in the EFC calculation.

n/a

The text regarding the treatment of overpayments in chapter 8 (pp. 127-130) has been updated to reflect the changes in the regulations.

Ch 8 PP 127-130

Volume 2, Institutional Eligibility and Participation:

Description

Location

The discussions of Week of Instruction and Week of Instructional Time have been revised to reflect the elimination of the 12-hour rule.

Ch 1

Since the regulations now have separate treatments of payment periods for clock-hour programs and payment periods for credit-hour non-term programs, we now discuss them separately.

Ch 2

The discussion of A week of instructional time, which affects the definition of an academic year has been changed to reflect the elimination of the 12-hour rule.

Ch 2

The section on Incentive Compensation has been expanded to reflect the guidance in the November 1, 2002 regulations.

Ch 2

The treatments of returning funds in a timely manner and requirements for letters of credit have been revised.

Ch 4

The section of the law granting exceptions to the 30-day delay in making FFEL or Direct Loan disbursements has expired, and the text describing those exceptions has been removed.

Ch 5

The section dealing with the rules for making late disbursements has been revised.

Ch 5

The discussion under Attendance requirements of outside entities has been updated.

Ch 6

We have revised the discussion of an Approved leave of absence.

Ch 6

Reflecting the November 1, 2002 regulations, we have added a section on Transfer and reentry into a credit-hour nonterm based program or a program that measures progress in clock hours.

Ch 6

On page 2-149 the sidebar note titled Post-withdrawal disbursement prohibited has been removed.

Ch 6 P 2

We have made changes to the discussion of Recording student payment and award reductions and student payments in the Pell Grant Program that reflect the continued development and implementation of COD.

Ch 6

We have added to the list of items that must be disclosed in your Campus Security Report, beginning with the annual security report that must be distributed by October 1, 2003, a statement advising the campus community where law enforcement agency information concerning registered sex offenders who might be present on campus can be obtained.

Ch 7

We have updated the treatment of FERPA to reflect changes made pursuant to the USA Patriot Act.

Ch 8

We have updated the definition of a family member in our discussion of a Change in controlling interest.

Ch 10

We have added a section on requirements when an eligible proprietary institution of higher education or postsecondary vocational institution changes from a branch campus to a freestanding main campus.

Ch 10

A section on the e-Z audit process has been added.

Ch 11

Volume 3, Pell Grants:

Description

Location

Clarified guidance for adjusting Pell and institutional aid for athletes.

Ch 5

Clarified guidance on applying Pell Grant funds to tuition, fees, room & board, and other institutional educational expenses and levels of student authorization necessary to apply funds to various expense categories.

Ch 4

Updated section on liability for and recovery of overpayments. Also added sidebar note about potential impact of implementation of new overpayment provision.

Ch 5

Revised description of Pell payment periods for clock hour and non-term credit hour programs (668.4, 690.75). Examples and diagram of Formula 4 updated to reflect this change.

Ch 2

Clarified and expanded discussion of Pell deadlines.

Ch 1

Updated definition of week of instructional time.

Ch 2

Expanded section on non-term programs and updated definition of non-term credit hour vs. clock hour program progression.

Ch 2

Expanded and updated section on students who withdraw and later return. Also added reg cite.

Ch 4

Volume 4, Campus-Based Common Provisions:

Description

Location

-- 4-3 Fisap on the Web (box)

-- Updated language for 03-04

-- (Deleted COD FAQs)

Ch 1

-- 16 to 4-18 Overpayments

-- Update for changes to 34 CFR 673.5(f)

Ch 3

Volume 5, Perkins Loans:

Description

Location

-- -2 GAPS: Transferred Funds (Box)—Clarifies what to enter in GAPS when a school transfers funds between programs.

-- 5-2 Transfer of Funds—Added language for option to transfer funds to Work-Colleges Program. Noted that future allocations are not affected by funds transfers between programs.

-- 5-3 Cash Management—Removed language duplicated in Volume 2.

-- 5-4 Record keeping Requirements, Repayment history and promissory note—Update for changes to 34 CFR 674.19(e)(4) Schools must electronically store promissory notes signed electronically.

-- 5-5 Assignment—Relocated language regarding school closure etc. from Chapter 8 - Default.

Ch 1

-- 5-8 Eliminated section: Eligibility Criteria, Previous Perkins Loan write off due to inability to collect—Update for changes to 34 CFR 674.9 and 34 CFR 674.47(h)(3). A student is now relieved of all repayment obligations when a school writes off a loan. A student need not reaffirm amounts written off to regain eligibility for Title IV aid.

Ch 2

-- 5-14 Master Promissory Note (Box)—Introducing new language to take effect when Department issues new MPN [34 CFR 674.2(b); 34 CFR 674.16(d)(2); 34 CFR 674.16(d)(3)]

-- 5-14 and 5-16 Promissory Note, Approved promissory notes—Update for use of new e-Note issued in Dear Colleague Letter CB-02-12, dated July 2002

-- 5-15 Electronic Signature Standards (Box)—Summarized guidelines for implementing e-Notes.

-- 5-22 2001 Promissory Notes: Questions and Answers (Box)—Removed question regarding implementation of 2001 p-notes.

Ch 3

-- 5-28 to 5-29 Minimum Monthly Repayment Amounts, Loans from multiple schools—Update for changes to 34 CFR 674.33(b)(2) and 34 CFR 674.33(b)(3). Borrowers must now request schools to coordinate payments with other schools.

Ch 4

-- 5-32 Deferment, Seeking full-time employment—Added that schools may determine documentation required to apply for this deferment.

-- 5-44 Deferment, Economic hardship deferment—Update for changes to 34 CFR 674.34(e)(10)(i). When determining eligibility for this deferment, schools must now use the actual monthly payment amount for a student loan if student loan is to be paid in 10 yrs or less.

-- 5-66 to 5-67 Exit Interview and Disclosure of Repayment Information—Update for changes to 34 CFR 674.42(b)(1), 34 CFR 674.24(b)(2)(x), 34 CFR 674.42(a)(10), and 34 CFR 674.42(a)(11). Schools may now use third party services to conduct exit counseling. Changes to information that must be disclosed to student.

-- 5-69 Billing Procedures, Late charges—Update for changes to 34 CFR 674.43(b)(2). Schools now have option to charge late fees.

-- 5-73 Collection Procedures, Credit bureau reporting—Update for changes to 34 CFR 674.45(a)(1). Clarification of when to report default.

-- 5-75 Collection Procedures, Ceasing collection—Update for changes to 34 CFR 674.47(h)(1) and 34 CFR 674.47(h)(3). Changes to maximum balance of a loan that a school can write off. A student is relieved of all repayment obligations when a school writes off a loan.

-- 5-76 Collection Procedures, Litigation—Update for changes to 34 CFR 674.46(a)(1). Changes to balance of accounts the must be reviewed for litigation.

-- 5-82 Loan Rehabilitation—Update for changes to 34 CFR 674.39(a). Borrowers may not rehabilitate loans on which a school has obtained a judgment. Schools may offer the benefits of rehabilitation, however.

-- 5-83 Assignment—Reorganized language. Relocated language regarding school closures, etc., to chapter 1.

Ch 5

Volume 6, Federal Work-Study

Description

Location

-- 6-2 GAPS: Transferred Funds (Box)—Clarifies what to enter in GAPS when a school transfers funds between programs.

-- 6-2 Transfer of Funds—Revised language to make consistent with counterpart in volume 5. Noted that future allocations are not affected by funds transfers between programs.

-- 6-3 GAPS: Carried Forward/Back (Box)—Clarifies what to enter in GAPS when a school carries forward/back.

-- 6-3 Carry Forward/Carry Back—Revised language to make consistent with counterpart in volume 5.

-- 6-6 Federal Share Limitation—Added instructions for Title III/V eligible schools with multiple locations to file FISAP.

-- 6-7 Allocation (box)—Defined allocation.

-- 6-8 Off-Campus Agreement—Clarified that schools must establish off-campus agreements even when the school is the employer.

-- 6-17,18 Earnings for Periods of Future Enrollment; Periods of Nonattendance, Mini-sessions—New guidance language recently finalized. Clarifies how a student may earn FWS wages towards periods of future enrollment and during mini-sessions.

Ch 1

-- 6-26 FWS and Americorps (Box)—Clarified relationship between FWS and Americorps.

Ch 4

-- 6-33 to 6-34 Work for Proprietary School—Updates for changes to 34 CFR 675.2(b). Incorporated language from preambles. Changes give proprietary school greater flexibility is assigning jobs to FWS students.

Ch 5

-- 6-45 to 6-46 Job Location and Development Program, Students as staff in the JLD Program office and JLD Reporting on the FISAP—Reorganized language.

Ch 6

Volume 7, FSEOG

Description

Location

-- 7-3 Federal Share and Nonfederal Share—Note: LEAP/SLEAP federal share percentages for 02-03 and 03-04 not yet published.

-- 7-4 GAPS: Transferred Funds (Box)—Clarifies what to enter in GAPS when a school transfers funds between programs.

-- 7-4 Transfer of Funds—Revised language to make consistent with counterpart in volume 5.

-- 7-5 GAPS: Carried Forward/Back (Box)—Clarifies what to enter in GAPS when a school carries forward/back.

-- 7-4 to 7-5 Carry Forward/Carry Back—Revised language to make consistent with counterpart in volume 5.

Ch 1

Volume 8, Direct Loans and FFEL

Several significant changes to the loan programs have recently taken effect.

Description

Location

The statutory authority for the disbursement exceptions for schools with default rates less than 10% has expired (see sidebar notes to pages 8-45, 8-46, and 8-61).

pages 8-45, 8-46, and 8-61

The Department has issued a new version of the Stafford MPN, expanded the use of the multi-year feature of the MPN to all schools located in the U.S., and approved the first PLUS MPN. (See pages 8-39, 8-41, and 8-48)

pages 8-39, 8-41, and 8-48

The program regulations published in the Federal Register on November 1, 2002, also made a number of changes that affect these loan programs.

Description

Location

Modified counseling requirements, including requirements that schools provide sample monthly repayment amount to student during entrance counseling (new for FFEL) and tell borrowers about Loan History information on NSLDS (See Chapter Five).

Ch 5

New late disbursement policies and procedures (8-62).

P 62

Students in non-term programs must complete weeks of instruction as well as academic work in a payment period prior to receiving payment for subsequent payment period (8-63).

P 63

The limits on leaves of absence have been modified (sidebar note, 8-66)

P 66

Link to Federal Register: http://ifap.ed.gov/fregisters/FR1101200203.html.

n/a

We’ve also expanded our discussion of loan issues to incorporate material from Dear Colleague letters and other Departmental guidance:

Description

Location

Choice of EFC for “crossover” loan periods (8-11).

P 11

School may not have a policy of certifying loans only in amounts to cover school charges, or to limit unsubsidized borrowing by independent students (8-14).

P 14

Receipt of Stafford/PLUS at more than one school (sidebar note, 8-18).

P 18

Additional guidance on annual limits for transfer and other students (sidebar notes, 8-22).

P 22

Remedial work and grade level (sidebar note, 8-23).

P 23

Additional loan amounts for dependent students when parents can’t get PLUS (sidebar notes, 8-24).

P 24

Expanded discussion of Stafford limits for graduate and professional students (8-24 and 8-25).

P 24 & P 25

Loan limits for dependent students who previously borrowed as independent (sidebar note, 8-30).

P 30

Loan limits for health professions borrowers who transfer to unrelated programs (8-36).

P 36

Electronic notification for the borrower confirmation of subsequent loan disbursements (8-39).

P 39

Expanded discussion of retroactive disbursements for payment periods already completed (8-63).

P 63

Note on effect on Stafford eligibility of withdrawal from modular program (sidebar, 8-66).

P 66

Volume 9, State Grant Programs

Description

Location

Funding level for LEAP and SLEAP decreased from $67 million total, with $37 and being devoted to SLEAP, to $66.5 million and $36.5 million respectively.

n/a

2001-02 award year adjustment of authorized activities expenditures no longer relevant (had included stuff that was later disallowed by amendments, this was accommodated by a notice in the HB and a special section in the next award year's application to participate in LEAP/SLEAP)

n/a

Award Year: 2003-2004

Chapter: --2003-2004 Verification Worksheets

Section: --2003-2004 Verification Worksheets

Page Numbers: 1-4

Posted on 12-10-2002

The 2003-2004 Dependent and Independent Verification Worksheets are attached in Portable Document File (PDF) Format. Requires 4.0 or greater of the free Adobe Acrobat Reader software. Attachments/Enclosures: