Verification, once performed entirely by the school, is increasingly a shared effort by the school and the U.S. Department of Education (ED) to ensure that federal student aid funds are awarded and paid based on accurate family financial information. A student’s application for federal student aid (the FAFSA) may be chosen for verification by ED or by the school. The information that must be verified varies by applicant, as, effective for the 2012-13 award year, ED transitioned to a targeted approach that specifies verification of only those items that appear most likely to be in error.
Related topics in this Index: Need Analysis; Expected Family Contribution (EFC)
Search or browse the Knowledgebase for answers to regulatory and compliance questions submitted by financial aid administrators.
The Compliance Engine is comprised of two modules: the Self-Evaluation Checklists which allows administrators to evaluate their programs in a centralized, shared online space, and the P&P Builder, a tool designed to assist institutions in the creation and maintenance of a policies and procedures manual. Along with an online space to update and maintain policies and procedures, the P&P Builder includes legislation and regulation associated with compliance with Title IV requirements.
NASFAA U Authorized Events are a comprehensive set of instructional materials for teaching financial aid concepts to groups of individuals. Materials include a study guide, instructor guide and accompanying presentation slides.
NASFAA U Online Courses are collaborative learning sessions bring minds and ideas together despite distances. Online courses help you become more proficient, more knowledgeable, and more valuable to your organization, to interact with your colleagues through required discussions, and offer you the option to work towards earning a professional credential from NASFAA.
NASFAA U Self-Study Guides are written for the independent learner. Each Self-Study Guide includes multiple lessons with a variety of exercises to reinforce each lesson. Individuals do independent study and take quizzes in a traditional paper format (not online). Then you can qualify to take a test and earn a professional credential.
UPDATED Guidance for interruptions of study related to Coronavirus (COVID-19)