|AwardYear: 1998 - 1999|
ChapterTitle: Completing The Verification Process
Section: If Completed Verification Reveals No Errors
When you have obtained all necessary verification documents from the applicant, you should compare that documentation to the information originally reported on the application. If the verification process shows that all the students information is correct, and there are no outstanding issues or conflicting information, you may award aid in the following ways according to the students eligibility. You may
disburse Federal Pell, FSEOG, and Federal Perkins Loan funds;
employ students under the FWS Program; and
originate Direct Subsidized Loans and certify Federal Stafford Loan applications, and disburse/deliver loan proceeds.
Receipt of the Output Document
To pay Federal Pell Grant funds to a student whose application is not being verified, the school must receive a final and valid output document (ISIR or SAR) by the students last day of enrollment or by August 31, 1999, whichever is earlier. An output document received after that date isnot eligible for payment.
If a students application is being verified, you may pay on any final and valid output document received within 60 days after the students last day of enrollment,10 or by August 31, 1999, whichever is earlier.
For a student whose application is being verified, if you receive a final and valid federal output document after the Pell deadline but within the verification extension deadline, you must pay based on the higher EFC calculated for that student. For example, assume a students application was selected for verification and that students original EFC was 850, but after verification and correction of the application data, the students reprocessed EFC is 20. If the reprocessed EFC was received within the Pell deadline, you may use it for payment and it will result in a higher Federal Pell Grant award. However, if the reprocessed EFC is received after the Pell deadline, you must pay based on the original, higher EFC. (This rules intent is to ensure that students who take advantage of the verification extension deadline do not get more aid by doing so; therefore, it is in the students best interest to complete verification as soon as possible.)