Tracking Groups
This group verifies tax and non tax filer income, family size, and number in college.
What is V1? (SL. 8, IPG, PG: 8)
This information must be resolved for all award years except in 3 particular scenarios.
Conflicting Information. (SL:5, IPG-PG.4)
A process used to check the accuracy of information provided by the student and parent on the FAFSA.
What is Verification? (SL.3)
This specified tax year is to be used when students report their tax information to complete the FAFSA.
What is prior-prior year (PPY)? SL. 13, IPG: 11)
This is described as changes to data elements that were not correct at the time the FAFSA was filed.
What is corrections? (SL.33, PG28)
This group verifies tax and non tax filer info, family size, number in college, and identity and statement of Educational Purpose.
What is V5? (SL.10, IPG: PG.9)
Who determines what is appropriate documentation to resolve conflicting information?
What is the school? (SL.5, IPG 4)
Title IV aid recipients who are eligible for which subsidized Title IV of funds are subject to verification?
What is Pell Grant, Children of Fallen Heroes scholarship, FSEOG Grant, Federal Work Student, & Direct Subsidized Loans? (SL.4, IPG-PG.3)
This tool was changed to a direct data exchange (FTI) with the Internal Revenue Service and all students are required to consent to approval even if the applicant is aware that they did not file a federal tax return.
What is IRS Data Retrieval Tool. (Virtual Student Aid Training Update SL. 6)
This is defined as changes to data elements that were correct at the time of application but has since changed.
What is updates? (SL.34, IPG 29)
This group only verifies a student's identity and statement of Educational Purpose.
What is V4? (SL.9, IPG. PG 8.)
TRUE or FALSE. Schools are to resolve conflicting information including correcting any nondollar items on the FAFSA that could possibly change a students SAI.
What is TRUE. (SL.5, IPG:4)
An exception can be made in verification for this aid group of recipients.
What is unsubsidized-only aid recipients? (SL. 4, IPG: 3)
This is a suggested text document that schools may choose to create to verify information.
What is a verification worksheet? (SL. 22, IPG. PG17)
This is defined as those changes made by an FAA on a case by case basis using Professional Judgement authority to address special or unusual circumstances.
What is Adjustments? (SL.35, IPG: 30)
This is a document where annoucements are made regarding what data is to be verified and documents will be required for each award year.
What is the Federal Register Notice and Dear Colleague Letter? (SL.11, IPG: 9)
TRUE or FALSE. A student can circumvent verification by only accepting unsubsidized aid even if they are eligible for subsidized aid.
FALSE. (SL.6, IPG: 5)
What is the Central Processing System? (SL. 7, IPG: 6)
This is a document that confirms that is provided in good faith that a person dis not and was not required to file a tax return.
This refers to the authority of a school's financial aid administrator to adjust, on a case-by-case basis with adequate documentation, elements on the FAFSA form.
What is a professional judgement? SL. 36-37 IPG:31-32)
Verification is now waived for this group of students except for identity/statement of educational purpose in tracking groups V4 and V5.
What is confined or incarcerated students only? (SL. 12, IPG, PG: 10)
Name the item that is excluded in certain conditions, such as when both parent die or are mentally incapacitated, or the only parent on the FAFSA dies.
What is parental data only? (SL.6, IPG: 5)
The criteria for verification is published in this document.
What is the Federal Register. (IPG: 7)
Name a type of untaxed income that is required to be verified.
What is untaxed portions of IRA, pension, & annuity distributions, IRA deductions and payments, tax-exempt interest income, education tax credits. (SL.27, IPG:22)
Name the process in which the school will address or handle a particular policy and how they will implement it.
What is policy and procedures. (SL.40, IPG.35)