Test Preview: Application Process

Once you purchase a test, you will gain access to the testing center at credential.nasfaa.org using your NASFAA login (email and password). In the testing center, the Platform Tutorial will demonstrate navigation.

Content Areas

To earn this credential, you will need to know about the application process for federal financial aid. This will help you demonstrate the ability to help students and families through the application process, regardless of the type of higher education institution or educational program for which the student wishes to be considered.

The range of topics in this test include:

  • The Free Application for Student Financial Aid (FAFSA®)
  • Application Process
  • Processing FAFSA® Data and Application Output
  • Changing Applicant Data

Tests may include questions pertaining to a variety of program structures, such as credit- or clock-hour, term or nonterm, standard or nonstandard term, undergraduate or graduate/professional programs, and programs of various length (shorter than one year, two-year, four-year, certificate, etc.).

Sample Test Questions

Select to EnlargeAll tests will include a combination of multiple-choice and scenario-based questions. Some questions may involve viewing or downloading worksheets, charts, and tables. Please ensure you have a calculator available while taking a credential test.

Review the following examples, which are similar in structure and scope to the questions that will appear on the test for this topic. Check your answers by selecting the question's link.

1. The FAFSA is used to

    • calculate the EFC based on income, net worth of investments, and consumer debt.
    • determine a student’s eligibility for federal student aid and student loan forgiveness.
    • verify a student’s eligibility through database matches, and calculate the EFC.
    • compute the COA at each school listed by the student.

2. When completing the FAFSA, a student whose divorced or legally separated parents are not living together must provide household and income information for

    • the parent (and spouse, if re-married) who claimed the student as a dependent according to the IRS rules for qualifying children.
    • both parents (and spouses, if re-married) if the student lived with both parents equally during the prior 12 months.
    • the parent (and spouse, if re-married) with whom the student lived most during the prior 12 months.
    • neither parent if the student has not lived with either parent during the prior 12 months.

3. Financial aid administrators who submit a student’s FAFSA through FAA Access to CPS Online must

    • verify all income data before submission using an IRS tax return transcript.
    • document that the student has limited or no internet access.
    • add additional schools upon request, even if the student does not receive aid or enroll at that school.
    • retain the signed signature page or signed FAFSA for three years from the end of the award year.

4. A student’s claim of U.S. citizenship is verified by a match with the __________ database.

    • Social Security Administration
    • Department of Homeland Security
    • Immigration and Customs Enforcement Agency
    • Department of Justice

5. Which one of the following dates is considered the date the institution receives the ISIR?

    • The date the CPS receives the ISIR transaction
    • The date the CPS processes the ISIR transaction
    • The date the ISIR transaction is sent to the school’s SAIG mailbox
    • The date the school loads the ISIR transaction into the school’s system

Recommended Resources

Prepare for this test by reviewing related content in resources such as:

 

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Publication Date: 2/15/2017

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