Publication Date: August 2003
Author: General Manager: FSA Schools Channel
Summary: Verification Reporting
Posted on 08-01-2003
TO: All Destination Points
FROM: U.S. Department of Education
RE: Verification Reporting and Updating of Interim Code W
Schools are required to complete verification of Title IV applicant information in accordance with regulations found in 34 CFR 668.51 and in connection with the calculation of the applicant's expected family contribution (EFC) for the Federal Pell Grant, campus-based, Federal Stafford Loan, and Federal Direct Stafford/Ford Loan programs. Additionally, for the Pell Grant program, schools are expected to report a verification status code to the Common Origination and Disbursement System (COD) that reflects the appropriate verification action for each student for whom there has been a disbursement.
The Verification status codes for 2002-2003 are
- "V" (school has completed verification),
- Blank (school has not verified because it was not required according to the exclusions set out in 34 CFR 668.54) or
- "W" (school has made an interim disbursement to a student elected for verification under the provisions of 34CFR 668.58.
Questions about the warning message or about the reporting of verification status codes to COD can be answered by calling 1-800-474-7268 or by e-mailing codsupport@acs-inc.com