| AwardYear: 1995-1996 ChapterNumber: ChapterTitle: Table of Contents Section: Contents PageNumber: CHAPTER ONE: Basic Requirements .............................................. 1 Introduction ............................................................................................. 1 Applications with Conflicting Information ........................................ 2 Applications that Must Be Verified ...................................................... 3 30% Verification Option ......................................................................... 6 Verification Exclusions ........................................................................... 7 CHAPTER TWO: Required Verification Items And Acceptable Documentation ............................................ 11 Required Verification Items ................................................................. 11 Required Documentation .................................................................... 12 The Verification Worksheet, Dependent Student ............. 13 The Verification Worksheet, Independent Student .......... 15 Verifying Household Size .................................................................... 18 Verifying Number Enrolled in Postsecondary Education .............. 20 Verifying AGI and U.S. Income Tax Paid .......................................... 21 Verifying Untaxed Income and Benefits ............................................ 30 CHAPTER THREE: Completing The Verification Process......... 33 Until Verification Is Complete ............................................................ 33 If the Student Fails to Provide Documentation ................................ 35 If Completed Verification Reveals No Errors ................................... 36 Verification Status Codes ..................................................................... 38 If Verification Reveals Incorrect or Outdated Information ........................................................... 40 Tolerance Option Instead of Correcting ............................................ 41 Making Corrections .............................................................................. 42 Updating ................................................................................................ 44 CHAPTER FOUR: Discretionary Verification .............................. 47 Verifying Untaxed Income and Benefits ............................................ 48 Verifying Total Income ......................................................................... 49 Verifying Assets ..................................................................................... 50 Housing Index Multiplier Table ............................................... 56 Commercial Property Multiplier Table ................................... 57 CHAPTER FIVE: Overpayments, Referrals, and Suspected Fraud ................................................................... 59 Overpayments ....................................................................................... 59 Referral of Overpayment Cases .......................................................... 63 Referral of Fraud Cases ........................................................................ 65 Overpayment Referral Format ................................................. 66 CHAPTER SIX: Required Policies and Procedures ..................... 67 Written Policies ..................................................................................... 67 Information for the Applicant ............................................................. 68 System for Identifying Inconsistencies .............................................. 68 |