Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY

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Student Financial Aid ProgramsINTEGRITY,
ACCOUNTABILITY RESPONSIBILITY
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Presented By

• California Association of Student Financial Aid
  Administrators CASFAA
• California Community Colleges Student Financial
  Aid Administrators Association CCCSFAAA
• California Lenders for Education CLFE

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Federal funds administered for students in the
  State of California 5.3 billion annually

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• State funds administered for students in the
  State of California approaches 1 billion
  annually

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• In addition, California institutions also
  administer institutional and private scholarships
  (merit only) 6.4 billion

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Verification Overview
• Verification of student parent information
  required on at least 30 of all FAFSA filed

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• In addition, if conflicting information exists,
  institutions routinely select additional
  applications for verification

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Components of Required Verification

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• CSAC has historically piggybacked on federal
  verification requirements

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• IRS Federal Tax Return
• Student
• Students spouse, if applicable
• Parent(s)

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Department of Homeland Security
• Citizenship

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Social Security Administration
• Citizenship
• Change of Name

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Independent Living Program
• Foster Youth Certification
• Dependency Status

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Department of Social Services
• Untaxed Income Benefits

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Employment Development Department
• Unemployment Benefits

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Veterans Administration
• DD 214 (Discharge)
• Verify Veterans Benefits, Eligibility Amount

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Selective Service Administration
• Verify Selective Service Registration

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• County Recorders Office
• Birth Certificate
• Marriage Certificate
• Death Certificate

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Program/Fund Administrator
• Verification of Assets

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Accountant
• Verification of Income Assets
• Copy of 1040 Federal Tax Return, including all
  schedules and W-2s

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• NSLDS
• (National Student Loan Data System)
• No Prior Loan Default
• No Grant Repayment Owed

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Accountability
• Annual Audit Submission
• Required by Federal Regulation
• Samples Title IV Recipients

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Annual Audit
• Business Practices
• Segregation of Duties
• Financial Aid/Business Office Relationship

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Annual Audit
• Cash Management

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Federal Audits
• Paid by Institutions
• Federal Auditor

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• State Audits
• CSAC Audits
• EdFund Audits
• Other Guarantee Agency Audits

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• More Audits
• Veterans Administration Audits
• Office of Inspector General Audits

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• And More Audits
• Private Scholarship Foundation Audits
• WICHE Other State Agency Audits

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Still More Audits
• NCAA Audits
• Institutional Audits

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Audit, Audit, Audit
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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• We constantly, and consistently, prove that we
  are good stewards of public funds

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• The Program Review

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• After Integrity and Accountability Comes
• Responsibility

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Responsibility to
• First to serve our students
• Second to serve our institutions

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• We have already proven our responsibility to the
  federal and state governments through integrity
  accountability of our programs

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Responsibility to
• Assist students with FAFSA completion
• Counsel to help with emergencies
• Counsel to help with dependency problems

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INTEGRITY, ACCOUNTABILITY RESPONSIBILITY

• Responsibility to
• Counsel students with loan problems
• Counsel students with debt problems
• Encourage students to file for non-need based
  scholarships
• Advise students who had base year income, but
  quit work to attend college

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VERIFICATION Federal Student Eligibility State
of California CONFIRMATION
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State of California CONFIRMATION Requirements
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State of California CONFIRMATION Requirements
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Disbursement/Reconciliation
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Disbursement/Reconciliation
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Disbursement/Reconciliation
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Agencies The Student Must Contact To Obtain
Documentation

• Agency Purpose
• Department of Homeland Security Citizenship
• Social Security Administration Citizenship,
  Change of Name
• High School GPA, Academic Competitivenes
  s Grant
• Independent Living Program Foster Youth
  Certification, Dependency Status
• Welfare Department Untaxed Income Confirmation
• Employment Development Dept Unemployment
  Benefits
• Internal Revenue Service Tax Return

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Agencies The Student Must Contact To Obtain
Documentation

• Agency Purpose
• Veterans Administration DD214 (Discharge)
• Selective Service Administration Selective
  Service Registration
• County Recorder Office Birth, Death or Marriage
  Certificate
• Program/Fund Administrator Verification of
  Assets
• Accountant Verification of Income
  Assets, Copy of 1040
• Prior Colleges Academic Transcripts

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Impact on Students

• Student Verification Process Visual

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Student Verification Process AFTER Completing
the FAFSA
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• The End