AwardYear: 1997-1998 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 . 38 If Verification Reveals Incorrect or Outdated Information .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 |