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Verification

Verification. Tanya McGee Katie Starling Kansas State University October 3, 2013. Agenda. 2013-2014: Where we are 2014-2015: Where we are going Impact of GEN-13-12 Discussion/Question & Answer. 2013-2014 Verification. Data elements to verify remained largely the same as 2012-13

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Verification

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  1. Verification Tanya McGee Katie Starling Kansas State University October 3, 2013

  2. Agenda 2013-2014: Where we are 2014-2015: Where we are going Impact of GEN-13-12 Discussion/Question & Answer

  3. 2013-2014 Verification Data elements to verify remained largely the same as 2012-13 High school completion status and Identity/ Statement of Educational Purpose were added Introduction of verification groups V1, V2, V3, V4, V5 Student should remain in the same verification group

  4. 2013-2014Data elements to verify Household size Number in college Income information for tax filers AGI Taxes Paid Education Credits Specific untaxed income: IRA distributions, pensions, IRA deductions, and tax exempt interest

  5. 2013-2014Data elements to verify (con’t) Income information for non-tax filers Income earned from work SNAP benefits (ie. Food Stamps) Only if ISIR indicates this was true Child Support Paid Only if ISIR indicates this was true

  6. 2013-2014Data elements to verify (con’t) High School Completion Status Recognized equivalents of high school diploma Identity/Statement of Educational Purpose Must use exact wording provided by ED for the Statement of Educational Purpose

  7. K-State’s ISIRs for AY14 As of Monday, September 30, 2013

  8. So…how’s it going? Red ribbon year? Maybe blue, green, white?

  9. 2014-2015 Verification Federal Register published June 13, 2013 Dear Colleague Letter, GEN-13-16, published June 13, 2013

  10. 2014-2015 Verification – What’s new Verification group changes Say goodbye to V2 – SNAP Say hello to V6 – Household Resources Applicants will no longer be assigned to V2, but we will still be required to verify SNAP in the other verification tracking groups (V1, V4, V5, V6)

  11. VerificationTracking Groups

  12. 2014-2015 Verification – What’s new (con’t) Verification items remain the same as AY14, but with one addition Other Untaxed Income Introduction of the new verification tracking group – V6, Household Resources Q45 for the student and Q94 for the parent(s)

  13. 2014-2015 Verification – Other Untaxed Income Payments to tax-deferred pension and savings plans Child support received Housing, food and other living allowances paid to members of the military, clergy and others Veterans noneducation benefits Other untaxed income (workers’ compensation, untaxed portion of health savings accounts, etc.) Money received or paid on the student’s behalf

  14. 2014-2015 Verification – Other Untaxed Income Acceptable documentation includes: Signed statement by the student and parent, if applicable, that lists the untaxed income amounts Copies of the 2013 W-2s from all sources of income

  15. 2014-2015 Verification – Other Untaxed Income If the FAA determines the income verified does not appear to provide sufficient financial support, the student or parent must explain how the family was financially supported during calendar year 2013. Income sources: AGI, income earned from work, all untaxed income, and other untaxed income not included on the FAFSA.

  16. 2014-2015 Verification – Other Untaxed Income Hence, the name for the new tracking group - Household Resources Hey! You’re living on nothing! Prove it! Sources of income can include the “usual” items But could also include untaxed income not listed on the FAFSA Welfare benefits Additional child tax credit Earned income credit Untaxed social security benefits Supplemental security income (SSI)

  17. 2014-2015 Verification – Other Untaxed Income Household Resources ED will not be specifying an income threshold Leaving that to the institution to define How will you determine your “magic” number? Use poverty guidelines? What seems appropriate/necessary for a certain family’s size and geographic location?

  18. Modifications to Acceptable Documentation Nontax filers – if an institution questions the claim of not filing, the institution may/must require the student to submit a “Verification of Nonfiling” from the IRS. The IRS will not be issuing until after June 15, 2014.

  19. Modifications to Acceptable Documentation High School Completion Status Previously collected HS Completion documentation may be used as long as it meets the criteria outlined in the Federal Register. High School Completion Abroad – may obtain a copy of a “secondary school leaving certificate” through the appropriate government agency Homeschool – secondary school completion credential vs. transcript signed by student’s parents

  20. Modifications to Acceptable Documentation Identity/Statement of Educational Purpose Specific text for 2014-2015 provided in the Federal Register Documentation may be converted into an electronic record (ie. your imaging system) Household Size Includes parents who are married or unmarried and living together, irrespective of gender GEN-13-12

  21. Impact of GEN-13-12 Beginning with 2014-2015, dependent students will be required to provide income information from the student’s legal parents (biological or adoptive) regardless of marital status or gender, if those parents live together. In the past, income has been excluded when the parents were unmarried, even if the parents were living together.

  22. Impact of GEN-13-12 Philosophy – the family should help pay the educational expenses of their child. Help to ensure limited taxpayer resources are directed to students with the most need, regardless of the parents’ marital status or gender, when those parents are living together.

  23. Impact of GEN-13-12 New response to FAFSA question, “As of today, what is the marital status of your legal parents?”, will include “Unmarried and both parents living together.” FAFSA on the Web will no longer have mother/father reference, but will reference Parent1/Parent2.

  24. Additional Requirements Required to enter Identity Verification Results into FAA Access (V4 and V5) Manually enter information one student at a time. FAA Access will accept a flat file after April 2014. Must enter results even for non-respondents.

  25. Discussion Question & Answer Possible Topics Impact to your verification forms Impact to your student systems Impact to your website

  26. Resources Federal Register, published June 13, 2013 http://ifap.ed.gov/fregisters/attachments/FR061313FAFSAInformationToBeVerifiedforthe20142015AwardYear Dear Colleague Letter (GEN-13-16), published 6/13/13 http://ifap.ed.gov/dpcletters/GEN1316.html

  27. Resources 2013 NASFAA Conference, Department of Education Verification session handout/audio www.nasfaa.org/conference/videos/ed-sessions.aspx NASFAA’s News July 30, 2013 – FAA Access Reporting for Verification of Identity and HS Diploma Required in 2014-15 www.nasfaa.org/Main/orig/2013/FAA_Access_Reporting_For_Verification_Of_Identity_And_High_School_Diploma_Required_In_2014%e2%80%9315.aspx

  28. Contact Information Tanya McGee Associate Director Office of Student Financial Assistance Kansas State University tanyap@k-state.edu Katie Starling Assistance Director Office of Student Financial Assistance Kansas State University starling@k-state.edu

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