Loans
This type of loan is available to biological or adoptive parent (or in some cases, the stepparent) of a dependent undergraduate student enrolled at least half-time at an eligible school
What is a Parent PLUS Loan?
The status needed in order to create a financial aid award
What is RP?
The purpose of completing a Professional Judgement.
What is to provide a more accurate assessment of the amount of federal aid a student is eligible for?
Aggregate Verification Group.
What is V5?
AB-negative
What is the rarest blood type among humans?
$31,000
What is the subsidized and unsubsidized aggregate loan limit?
This tracking status is for when aid has disbursed but now there is a missing/requested document
What is DS?
PJ allows adjustments to the data elements of these.
What is the FAFSA and COA?
This verification group is concerned with confirming the student’s identity but not their income.
What is V4 – Custom Verification Group?
This author wrote Pride and Prejudice.
Who is Jane Austen?
This student’s yearly loan limits are $4,500 in Subsidized and $2,000 in Unsubsidized Loans
What is a second year/sophomore dependent student?
A bad tracking status that doesn’t show up on the reject report and partial aid has already disbursed.
What is DR?
An institutional employee who is involved in the administration of financial aid and is legally authorized to exercise PJ authority.
What is a financial aid administrator?
Filing status, AGI, and federal tax paid.
What are three verifiable items for V1 – Standard Verification Group?
The official animal of Scotland.
What is a unicorn?
Pursue an endorser, complete credit counseling, borrow additional unsubsidized loans
What options are there for parents when they are denied a Parent PLUS Loan?
This Tool is what a manager may use to make updates en masse to a PowerFAIDS field, or to post the same comment to many student files.
What is Batch Wizard?
Adding this back to a family’s AGI if they are Pell Eligible is done through a PJ.
What is a Foreign Income Exclusion?
A reason a school does not have to verify FAFSA information for a student selected for verification.
What is death of a stu; not an aid recipient (no title IV funds); applicant verified by another school; stu no longer enrolled and does not intend to re-enroll in that award year?
In Twilight the fruit Edward catches when speaking to Bella in the cafeteria.
What is a red apple?
$12,500 – no more than $5,500 of this amount may be in Subsidized Loans?
What is the 3rd year and beyond undergrad annual loan limit for an independent student?
An example of a "bad" tracking status that you may have to ask for help with.
What is DC, NN, NX, or PP?
PJ does not mean doing this, which goes against the case by case focus.
What is make “across the board” changes?
One of physical signature of the tax-filer (not an E-sig), Name and PTIN of the preparer, or Preparer’s SSN or EIN with a signed, stamped, typed, or printed name and address
What is a valid signature accepted on a tax return?
Hg
What is Mercury?