Maintained for Historical Purposes

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

AwardYear: 1995-1996
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ChapterTitle: Table of Contents
Section: Contents
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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or Outdated Information ........................................................... 40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

Last Modified: 02/04/1998