Maintained for Historical Purposes

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

AwardYear: 1997-1998
ChapterNumber:
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or Outdated Information .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: 07/28/1998