Acronyms
What does FAFSA stand for?
•Free Application for Federal Student Aid
•What is a Loss of BOGW?
•It is a BOG Waiver disqualification that places the balance responsibility on the student for not meeting SAP for more than 2 consecutive terms. Students can submit an appeal to have their BOG reinstated.
•Creating a payment plan though Nelnet if it's a institutional balance or if the student has a balance from the current year, can ask for a Repayment Consent Form to use current term to repay it. Lastly, any balance from any previous year needs to be paid off completely and can only use $200 from the current year to the previous year.
•My parents will not sign my FAFSA, instead of grants can I just get unsubsidized loans?
The student will be ineligible for Federal Student Aid: You did not agree to the terms on this page. The student will not be eligible for federal student aid, including grants and loans, if you don't agree to the terms.
Who is considered an eligible non-citizen on a FAFSA
A U.S. permanent resident or lawful permanent resident with an Alien Registration Card or a Resident Alien Card or an Alien Registration Receipt Card
A citizen of the Freely Associated States (the Federated states of Micronesia, the Republics of Palau and the Marshall Islands)
A refugee, an asylum granted, a parolee, or a Cuban-Haitian entrant with an Arrive Departure Record (I-94) from the Immigration and Naturalization Service (INS)
•What does Pell stand for in Pell grant and what was it originally called?
•Basic Educational Opportunity Grant that was renamed in 1980 in honor of Democratic Senator U.S. Claiborne Pell of Rhode Island. It is considered the foundation of a student's financial aid package.
What is FSS and what does it replace?
•FSS is FAFSA Submission Summary which replaces the Student Aid Report (SAR)
•Who can complete a CA Dream Act application
•Anyone without a SSN and without DACA, TPS Status, U Visa, and anyone with AB 540 status
•What happens if a person cannot establish 2 step verification authentication?
You get a Backup Code.
Your backup code is a special code that lets you access your account in the event that cannot use any other two-step verification method.
•B06 student balance hold prevents students from receiving refund disbursements
•False, B06 does not prevent students from receiving refund disbursements, it prevents students from adding courses.
•What does SAI stand for
•Student Aid Index (SAI)
•What is the new name for parent for financial reasons on the new FAFSA?
•Contributor replaces parent
•What is AB 540 status and how do I get it?
•1. Three (3) or more years of full-time attendance or attainment of equivalent credits earned in California from the following schools (or any combination thereof):
•A. High School *
B. Adult School *
C. Community College (credit or non-credit courses) ** or
•2. Three (3) or more years of full-time high school coursework and attended a combination of elementary, middle and/or high school in California for a combined total of three (3) or more years.
•What are required Proof of Identity documents to verify identification without a SSN
One of the following forms of ID
Driver's License
State or City Identification card
Foreign Passport
•Do all students qualify for a payment plan arrangement?
No, International students do not qualify for payment plan arrangements.
What does SAI replace?
Expected Family Contribution (EFC)
•What is PII
•Personally identifiable information
•What major event happened that created Financial Aid
•The Russians reached outer space before the USA and thus President Lyndon B Johnson established the Higher Education Act of 1965 and made United States Government as the primary provider of financial aid for students so that the USA could become competitive with Russia.
•Can the Business Office update student information (i.e. address, phone number, email, etc.) in the Bank Mobile System?
•False. The business office is not able to update student information on Bank Mobile. Only the primary parties to the fiscal relationship can make those changes (the business office is considered to be a third party).
•Which contributor (Parent) must fill out my FAFSA now?
•The parent who provides more financial support to the student, not the parent that the student lived with the most
•What does FADDX stand for and what does it do
•FUTURE Act Direct Data Exchange that replaces the IRS Data Retrieval Tool (DRT) by automatically linking your taxes to your FAFSA once you provide consent
•Outside College/University Transcripts: When students submit transcripts do the units get entered anywhere on PS.
•Ask Rocio
•What is the difference between Academic Probation and Academic Dismissal?
•A student is placed on Academic Probation when they don't meet academic standards. If the student continues not meeting academic standards, they will be placed on academic dismissal and can submit a petition to come back to school.
•Who can submit a FAFSA
•U.S. Citizen or eligible non-citizen
•What is new PJ name for dependency override
•UNUSUAL CIRCUMSTANCES
•Conditions leading to changes to student’s dependency status (a.k.a. dependency override)