Better FAFSA Better Future
Replaced Expected Family Contribution (EFC)
Student Aid Index (SAI)
Step-parent is a contributor
Biological/adoptive parent is remarried
Student Aid Index (SAI) that indicates students who have the most financial need.
What is -1500 SAI
System that replaces FAA Access to CPS Online.
What is FAFSA Partner Portal (FPP)
Both students parent's are deceased.
What is an Unusual Circumstance?
This is the total number of colleges a student can add to the FAFSA application
What is 20
Contributor refuses to give consent or approve their data to be transferred from the IRS.
Student not eligible for any Federal Student Aid.
True or False: Child support Received will be included in assets?
True
FAFSA Processing System (FPS) will replace this current system.
What is Central Processing System (CPS)
Special Circumstance
What is financial situations where a FAO may warrant a Professional Judgement.
The financial aid direct data exchange replaces what tool?
IRS Data Retrieval Tool
Student or contributor just created their FSAID and has not completed Social Security Administration verification.
Student or contributor not able to use their PII to match to FTI information.
Students who are married but separated are grouped under what dependency status?
What is dependent students?
FUTURE Act Direct Data Exchange (FA-DDX) will replace this system for transferring IRS data to the FAFSA
What is Data Retrieval Tool (DRT)
Not an Unusual Circumstance or Special Circumstance
Parent(s) refuse to be a contributor on the student's FAFSA.
What date will the FAFSA be available?
December 31, 2023 11:59pm
Individual required to provide consent and approval for federal tax information (FTI) along with their signature on the FAFSA form.
What is a contributor?
A negative SAI (-1500) is converted to what number when calculating need?
What is 0
True or False: Studentaid.gov will be replaced with a new website?
What is False. Students will continue to use Studentaid.gov to complete their 2024-25 FAFSA
Refers to scenarios that prevent dependent students from supplying parent information and may result in a dependency override
What is an Unusual Circumstance?
Replaced the Student Aid Report (SAR)
What is the FAFSA Submission Summary?
False: Only the contributor can give consent and approval for their PII to be matched to the IRS.
In the need calculation (COA – SAI – OFA = Need) , what does the OFA stand for?
Other Financial Assistance
True or False:FAAs will not be able to initiate a new application on behalf of a student in the FAFSA Partner Portal.
What is true?
Student receives a Provisional Student Aid Index (SAI).
What is student indicated on their FAFSA they have an unusual circumstance.