| AwardYear: 1997-1998 ChapterNumber: 3 ChapterTitle: Completing the Verification Process Section: Making Corrections PageNumber: If a student's data need correcting, you may have the student submit the SAR for reprocessing without doing anything yourself. As mentioned in the previous section, however, you may choose to determine whether the errors fall within the tolerance so that you will know in advance whether those errors will affect the student's award. This section explains your OPTIONS IF YOU WANT TO RECALCULATE THE STUDENT'S EFC rather than AUTOMATICALLY have the student submit the SAR for reprocessing. Correcting for the Federal Pell Grant Program If you have determined the errors either will not change or will increase the scheduled award, you may pay the student based on the original EFC; reprocessing is not required. If the errors will increase the award, and you WISH TO PAY the student based on the increase, the data must be corrected and reprocessed. Corrections are made either on Part 2 of the SAR or through the electronic corrections process. You may either withhold payment until the reprocessed EFC is received or make a first payment based on the original EFC, adjusting the second payment upon receipt of the reprocessed EFC. [[The graphic "Pell Corrections Choices" is currently unavailable for viewing. Please reference your paper document for additional information.]] If the student's scheduled award will decrease, the data must be corrected and reprocessed, and you must withhold payment until you receive the reprocessed EFC. (For details on first payments, see the Counselor's Handbook.) Submitting a Correction To receive a Federal Pell Grant, students must correct their application data through the CPS (i.e., through the EDE system or with a SAR). The processor must receive all corrections by AUGUST 14, 1998; no corrections will be accepted after this date. (The EDE system deadline Student's application is incorrect (not within tolerance) is the same; the school must transmit electronic corrections by August 14, 1998.) Correcting for Campus-Based, Direct Loan, and Federal Stafford Programs Deadline Students' corrected data must be received by either processor by August 14, 1998. (The same deadline applies to EDE corrections.) If a campus-based, Direct Loan, or Federal Stafford Loan applicant's data are incorrect and the tolerance does not apply, you may choose to recalculate the student's EFC or you may require the student to correct the application and submit it for reprocessing to the CPS. If your recalculation is incorrect, you will be liable for any resulting overpayment. If recalculation shows the EFC is unchanged, you may award campus-based aid or federal student loans based on the original EFC. If recalculation changes the EFC, you may award campus-based aid or federal student loans based on your recalculation, but you may be liable for any overpayment that occurs because you incorrectly recalculated the applicant's EFC. As already mentioned, if you choose not to recalculate the EFC, you may have the applicant correct the data and submit it for reprocessing to the CPS. |