Types of Aid
Pell Grant of FSEOG
Name one type of federal grant
Tax documents, household information
What must a student provide during verification
Managing student records and financial aid processing
What is Banner used for in financial aid?
Free Application for Federal Student Aid
What does FAFSA stand for?
A financial aid administrator's ability to adjust FAFSA data based on special circumstances
What is professional judgement?
loans
What type of aid must be repaid?
False
True or False: All Fafsa filers are selected for verification.
RRAAREQ
Where can you see if a student has missing financial aid documents?
October 1, 2024
What was the earliest date students could submit the FAFSA for 2025-2026?
True
True or False: A financial aid office can override dependency status.
A loan where the government pays the interest while the student is in school at least half time
What is a subsidized loan?
Half-time
What is the minimum enrollment status to be eligible for federal loans?
RHIAFSH
What screen shows financial aid/scholarships awarded by fund code and year?
Student Aid Index (SAI)
What is the name of the formula use to determine financial aid eligibility?
Loss of income, death of a parent, divorce, etc.
Give an example of a special circumstance.
Federal Work Study
What program offers part-time jobs to students with financial need?
Loss of income, death of a parent, divorce, etc.
What is an example of a special circumstance?
Incomplete verification, wrong fund code, packaging error
What is a common reason a fund doesn't disburse in Banner?
IRS tax return information
What types of tax information pulled directly using the Direct Data Exchange (DDX)?
Recent pay stubs, termination letter, tax documents
What documentation is typically required for income reduction appeals?
Grants are usually need-based scholarship are often merit-based
What is the difference between a grant and a scholarship?
The reason, supporting documentation and the outcome of the adjustment.
What must be documented when a PJ decision is made?
Enrollment level, SAP status, fund eligibility, holds, excluded courses
Name one thing financial aid staff should check when troubleshooting aid not disbursing.
False- It must be completed annually
True or False: The FAFSA must be completed every semester.
The reason, supporting documentation, and the outcome of the adjustment
What must be documented when PJ decision is made?