FAQ's
Regulatory Affairs Student Finance 2024-2025 Annual Exam passing score
What is 80% or above.
Under what sub-heading is the awarding policy listed in Policy Central
What is Student Finance.
The Presentation that discusses C-Codes
What is Student Eligibility.
Utilized to ensure the accuracy of provided student data that will be used to establish eligibility for federal financial aid
What is verification.
Interest rate for Direct PLUS loans
What is 9.08%.
Amount and question format on the Regulatory Affairs Student Finance 2024-2025 Annual Exam
What are 35 multiple-choice questions.
Awarding order for typical awards at med/vet schools
What is 1) Chapter 33 Post 9/11 G.I. Bill® & Chapter 31 – Veteran Readiness and Employment, 2) Institutional Scholarships/Grants (non-tuition restricted), 3) Federal Direct Unsubsidized Loan 4) Federal Direct Graduate PLUS.
Early disbursement and standard disbursements are found in this presentation.
What is Cash Management & Return of Title IV Funds.
EFC (Estimated Family Contribution) is now called...
What is SAI (Student Aid Index).
When a student’s academic year from a previous institution “overlaps” with the new school's academic year start date
What is an overlapping loan.
Length of time SFA's are provided to take the RA Student Finance Annual Exam
What is 2 hours.
UEH (Unusual Enrollment History) requires review of a number of academic years transcripts/grade reports to determine if the student earned academic credit
What is 4?
The authority for financial aid administrators to exercise discretion in several areas when an applicant has special or unusual circumstances
What is Professional Judgement or PJ.
For the 24-25 award year, the maximum annual amount for a full-time student is $7,395. The minimum amount is $740.
What is Pell Grant.
First-Year Undergraduate, Base Annual Loan Limit for Academic Year (Subsidized and Unsubsidized)
What is $3,500.
The final score appears when exam is submitted but you can also find your score in this place.
What is the learning transcript in the Commons.
What are foreign institutions are not required to perform verification.
Occurs anytime Title IV funds credits to a student ledger exceeds total allowable charges for a payment period
What is a credit balance.
A maximum lifetime Pell Grant eligibility amount
What is 600%.
Five Basic Components of COA (Cost of Attendance)
What are Tuition and Fees, Living Expenses (Housing and Food), Books/course materials, supplies & equipment, Transportation, Miscellaneous personal expenses.
SFA's using notes/resources for exam
What is open-note exam.
These codes must be reviewed and resolved before the offering of Title IV aid can occur.
What are C-Codes.
The difference between the institution’s cost of attendance (COA) and the student aid index (SAI)
COA-SAI=?
What is financial need.
The ATGE institution that provides The TEACH Grant: Program provides grant funds to students who are enrolled in a TEACH Grant-eligible program of study, at a school that participates in the TEACH Grant Program
What is Walden University
Occur when financial aid received exceeds a student’s financial eligibility
What are overawards.