Publication 17
For the 2022 Calendar year what is the Filing Requirement for Most Taxpayers who file as Single under 65.
$12,950
IRS Form 1040 - line 11
What is within Adjusted Gross Income?
NSLDS shows the student is in default
What is provide an all cash estimate for the # of months the student is in school? first payment is due on the first day of school
Interest is paid by the Education Department while the student is enrolled at least half time in college
What is the Subsidized Loan?
Training Videos and PowerPoints are located
What is SharePoint, Financial Aid Corporate, Training Documents
This includes all income you receive in the form of money, goods, property, and services that isn't exempt from tax. It also includes income from sources outside the United States or from the sale of your main home (even if you can exclude all or part of it). Include part of your social security benefits if:
What is Gross Income?
Comment Code 277
What is UEH? Need transcripts from the last 4 academic year colleges attended for proof of earned credit while receiving Title IV
Which CHCP Grant can a former graduate of CHCP receive now that they are interested in returning to a new program?
What is Alumni Grant?
How much of a Parent PLUS loan can a parent borrower request?
Up to the student's remaining Cost of Attendance
General rules for filing a federal income tax return. It supplements the information contained in your tax form instruction booklet. It explains the tax law to make sure you pay on the tax you owe and no more.
What is Publication 17?
Student's parents state they are self-employed and made $401 and do not have to file taxes
What is refer to tax filing status in Publication 17? Self-employed persons still have to file taxes for any earned income of $400 or more
__________ is one of the following: at least 24 years old, married, a graduate or professional student, a veteran, a member of the armed forces, an orphan, a ward of the court, or someone with legal dependents other than a spouse, an emancipated minor or someone who is homeless or at risk of becoming homeless.
What is an independent student?
Time period of 6 months after a student drops below half-time or graduates
What is grace period?
CHCP Policy and Procedures are located in
What is SharePoint, Corporate Financial Aid
You are unmarried or considered unmarried on the last day of the year. See Marital Status, earlier, and Considered Unmarried, later. 2.You paid more than half of the cost of keeping up a home for the year. 3.A qualifying person lived with you in the home for more than half the year (except for temporary absences, such as school). However, if the qualifying person is your dependent parent, he or she doesn't have to live with you. See Special rule for parent, later, under Qualifying Person.
What is filing Head of Household?
Parents filed Married filing separately, which parent(s) are the student's contributors on the FAFSA
What is both
Student accepts the Pell Grant and Subsidized student loan but refuses the Unsubsidized student loan.
Which payment plan is the student eligible for
What is the CASHNTIV Plan. The student must pay the remaining balance within 30 days before their expected graduation date.
The student's parents are not US Citizens nor Permanent US Residents
What is the student may qualify for a total in the Unsubsidized student loan equal to that of an independent student using professional judgement.
1st Year = $6000 (Unsubsidized)
2nd Year= $6000 (Unsubsidized)
3rd Year and beyond = $7000 (Unsubsidized)
Tuesday and Thursday from 3 to 4pm Central Time
What is Financial Aid Q & A Session?
Gross income was at least $5.00
ISIR indicates student is Pell Grant eligible, the ISIR does not indicate a maximum or minimum Pell amount, what type of Pell Grant is the student eligible for.
What is Calculated Pell Grant?
Student is starting into the DMS program (Term) and taking 10 credits in the first term. The student has a Student Aid Index of $780, how much of a Pell Grant would the student qualify for that term. Student does not have a maximum or minimum Pell eligibility flag.
What is $7395 - $780= $6615.
Pell Enrollment Intensity 10/12 = 83%
$6615 * 83% = $5490.45/2 = $2745.22 (round down to $2745).
Student is in their 2nd grade level and can qualify for __________ in Direct Student Loans
What is $4500 maximum in Direct Subsidized Loan and $2000 ($6500) in Unsubsidized Direct Loan. Unless independent the Unsubsidized Loan increases to $6000.00 ($10500)
The first point of contact for any and all questions
Your Director of Financial Aid/Asst. Director of Financial Aid/Regional Director of Financial Aid