FAFSA
Date the FAFSA is available each year.
What is October 1st
The EFC Range for TSAA
What is 0-2100 EFC
How athletic aid award amounts are determined
The maximum hours per week a student can work?
What is twenty.
True or False: Parents who are reported on the FAFSA must claim the student as a tax dependent
What is False:
The one with whom the student lives the most—in other words, at least 51% of the time. The FAFSA does not care which parent claims the student as a tax deduction or which parent has the least or most money
The asset protection allowance increases by what.
What is age.
What is five.
Aid requiring approval from Athletic Director to placed on top of other aid
What is stacking athletic aid
The rate of pay for work study students.
What is $7.25 per hour.
True or False: Are untaxed Social Security benefits considered untaxed income on the FAFSA
What is False
For Title IV purposes, all untaxed Social Security benefits, including Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) income are NOT reported as untaxed income on the FAFSA and they are not included in the calculation of the expected family contribution (EFC). [HEA 480(b)(2)(F)]
All taxable Social Security benefits, including any taxable SSI and SSDI, are included as taxable income on the FAFSA and in the EFC calculation.
How many dependency status questions are on the FAFSA?
What is 13.
The max amount of dual enrollment grant a student can receive in one academic year.
Maximum academic award amount for resident for 2020/2021
True or False – Federal Work Study Earnings are exempt from FICA tax
What is True -
The money you earn from Federal Work-Study is generally subject to federal and state income tax, but exempt from FICA taxes (provided you are enrolled full time and work less than half-time).
True or False - Are we required to complete Verification if selection occurs on an ISIR Transaction received after aid disbursed
What is True
You must still complete verification if the student was selected for verification while still enrolled at your school for the award year. If a student is selected for verification after aid has already been disbursed, any future disbursements must be held until verification is complete. Once verification is complete, the student is required to repay aid in accordance with guidance provided in the October 31, 2016 Electronic Announcement, Changes in Verification Tracking Groups, which supersedes prior U.S. Department of Education (ED) guidance beginning with the 2016-17 award year.
How do you sign the FAFSA?
What is yes. A one time transfer is allowed.
What is the Admissions Office
True or False- Students are eligible for work study during the summer.
What is false.
At Tusculum, we do not allow students to work during the summer CURRENTLY.
True or False – Is an Incarcerated Parent Required to Submit a Verification Worksheet?
What is True
U.S. Department of Education (ED) guidance does not exempt an incarcerated parent from this requirement. An incarcerated parent must be included on the FAFSA and must complete verification as any other parent does, including required signed statements, signatures, and tax documents.
Of course, the financial aid administrator could choose to exercise professional judgment (PJ) if he or she believes there are exceptional circumstances under which the incarcerated parent's income and assets should not be included in the calculation of the expected family contribution (EFC). As with all PJ decisions, the reasons for the PJ adjustment must be thoroughly documented in the student's file.
While generally under 34 CFR 668.53(c), you are required to complete verification before making PJ adjustments, you are not required to verify information that you will entirely remove using PJ. Reference page AVG-113 of the 2018-19 FSA Handbook.
One of three things must be present in order to approve a dependency over ride on the FAFSA.
Abuse, Neglect, or Abandonment
The length of time a student has after high school graduation to enroll for TN Promise, and HOPE?
What is 16 months for HOPE. What is the following Fall for TN Promise.
Who are two companies participating in the Corporate Partnership for Business?
What is TVA, East TN Children's Hospital, A.O Smith, Pennsylvania College of Technology, Greene County Partnership
True or False: A student’s credit balance from a Fall Only Loan may be used to credit Spring Charges
What is False