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Student Financial Aid Programs INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY. 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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Student financial aid programs integrity accountability responsibility
Student Financial Aid ProgramsINTEGRITY, ACCOUNTABILITY & RESPONSIBILITY


Presented by

Presented By

California Association of Student Financial Aid Administrators CASFAA

California Community Colleges Student Financial Aid Administrators Association CCCSFAAA

California Lenders for Education CLFE


Integrity accountability responsibility
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility1
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility2
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility3
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Verification Overview

Verification of student & parent information required on at least 30% of all FAFSA filed


Integrity accountability responsibility4
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility5
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Components of Required Verification


Integrity accountability responsibility6
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

CSAC has historically “piggybacked” on federal verification requirements


Integrity accountability responsibility7
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

IRS Federal Tax Return

  • Student

  • Student’s spouse, if applicable

  • Parent(s)


Integrity accountability responsibility8
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Department of Homeland Security

  • Citizenship


Integrity accountability responsibility9
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Social Security Administration

  • Citizenship

  • Change of Name


Integrity accountability responsibility10
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Independent Living Program

  • Foster Youth Certification

  • Dependency Status


Integrity accountability responsibility11
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Department of Social Services

  • Untaxed Income & Benefits


Integrity accountability responsibility12
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Employment Development Department

  • Unemployment Benefits


Integrity accountability responsibility13
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Veterans’ Administration

  • DD 214 (Discharge)

  • Verify Veterans’ Benefits, Eligibility & Amount


Integrity accountability responsibility14
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Selective Service Administration

  • Verify Selective Service Registration


Integrity accountability responsibility15
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

County Recorder’s Office

  • Birth Certificate

  • Marriage Certificate

  • Death Certificate


Integrity accountability responsibility16
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Program/Fund Administrator

  • Verification of Assets


Integrity accountability responsibility17
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Accountant

  • Verification of Income & Assets

  • Copy of 1040 Federal Tax Return, including all schedules and W-2’s


Integrity accountability responsibility18
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

NSLDS

(National Student Loan Data System)

  • No Prior Loan Default

  • No Grant Repayment Owed


Integrity accountability responsibility19
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Accountability

Annual Audit Submission

  • Required by Federal Regulation

  • Samples Title IV Recipients


Integrity accountability responsibility20
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Annual Audit

  • Business Practices

  • Segregation of Duties

  • Financial Aid/Business Office Relationship


Integrity accountability responsibility21
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Annual Audit

  • Cash Management


Integrity accountability responsibility22
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Federal Audits

  • Paid by Institutions

  • Federal Auditor


Integrity accountability responsibility23
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

State Audits

  • CSAC Audits

  • EdFund Audits

  • Other Guarantee Agency Audits


Integrity accountability responsibility24
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

More Audits

  • Veterans’ Administration Audits

  • Office of Inspector General Audits


Integrity accountability responsibility25
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

And More Audits

  • Private Scholarship Foundation Audits

  • WICHE & Other State Agency Audits


Integrity accountability responsibility26
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Still More Audits

  • NCAA Audits

  • Institutional Audits



Integrity accountability responsibility27
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility28
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

The Program Review


Integrity accountability responsibility29
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


Integrity accountability responsibility31
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

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


Integrity accountability responsibility32
INTEGRITY, ACCOUNTABILITY & RESPONSIBILITY

Responsibility to…

  • Assist students with FAFSA completion

  • Counsel to help with emergencies

  • Counsel to help with dependency problems


Integrity accountability responsibility33
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


Verification federal student eligibility state of california confirmation
VERIFICATION Federal Student Eligibility & State of California CONFIRMATION


State of california confirmation requirements
State of California CONFIRMATION Requirements


State of california confirmation requirements1
State of California CONFIRMATION Requirements





Agencies the student must contact to obtain documentation
Agencies The Student Must Contact To Obtain Documentation

AgencyPurpose

Department of Homeland Security Citizenship

Social Security Administration Citizenship, Change of Name

High School GPA, Academic Competitiveness Grant

Independent Living Program Foster Youth Certification, Dependency Status

Welfare Department Untaxed Income Confirmation

Employment Development Dept Unemployment Benefits

Internal Revenue Service Tax Return


Agencies the student must contact to obtain documentation1
Agencies The Student Must Contact To Obtain Documentation

AgencyPurpose

Veteran’s 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


Impact on students
Impact on Students

Student Verification Process Visual


Student verification process after completing the fafsa
Student Verification Process AFTER Completing the FAFSA



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