Posted Date: May 30, 2014

Volume: Errata and Updates for 2014-2015 FSA Handbook

2014-2015 Federal Student Aid Handbook Errata and Updates


The errata and updates below are items that were amended after the initial PDF files were posted to the Web.

For questions about the Handbook contents, you can contact the Schools Publications staff at: fsaschoolspubs@ed.gov.

Application and Verification Guide

  • Updated Files Posted November 6, 2014 – Chapter 2, P. AVG-22. Under “Money received” we deleted the words “and loans” in the explanation of what should be reported on line 45j since loans are not income and question 45 captures the student’s untaxed income.

  • Updated Files Posted November 6, 2014 – Chapter 4, P. AVG-88. In the section titled “Identity and statement of educational purpose,” we removed the sentence “If marked as ‘not for federal identification,’ it is not acceptable for verification.” We also added a margin note on the REAL ID Act explaining that government-issued photo IDs that are not compliant with the act (those marked “not for federal identification”) can be used for verification if they are not expired. The introduction to the AVG reflects this change in guidance as well.

  • Updated Files Posted May 30, 2014 - Chapter 1, P. AVG-9. We corrected the last year in the fourth paragraph to 2014.

  • Updated Files Posted May 30, 2014 - Chapter 2, P. AVG-15. We updated the second paragraph to show that e-mail notifications were sent to students and parents about using the IRS Data Retrieval Tool.

  • Updated Files Posted May 30, 2014 - Chapter 2, P. AVG-31. We added back a sentence from last year’s volume to the paragraph on separated students and parents instructing that when parents of a dependent student are separated and living apart, you use the rules for divorced parents living apart when determining which parent’s information to report on the FAFSA.

  • Updated Files Posted May 30, 2014 - Chapter 3, P. AVG-40. We changed several references to “father” and “mother” to “parents.” We also corrected the years for the number in college to 2014–2015 in the income protection allowance paragraph.

  • Updated Files Posted May 30, 2014 - Chapter 3, PP. AVG-40, 44, 46. We corrected the FAFSA question numbers for income earned from work as they appear in the employment expense allowance paragraphs.

  • Updated Files Posted May 30, 2014 - Chapter 4, P. AVG-78. We updated the second margin note to show the availability of the matrix showing verification-related line items from the FAFSA, ISIR, tax transcript, and tax returns.

  • Updated Files Posted May 30, 2014 - Chapter 4, P. AVG-80. We updated the end of the second paragraph to show that the flat file reporting of results for verification tracking flags V4 and V5 has been implemented.

  • Updated Files Posted May 30, 2014 - Chapter 4, P. AVG-86. We added a margin note explaining that all persons subject to the Household Resources Group must submit any W-2 forms they have as documentation for some types of untaxed income.

  • Updated Files Posted May 30, 2014 - Chapter 5, P. AVG-126. We added guidance in the margin about how schools should treat comments that may now appear on the ISIR and SAR related to the new tax filing status question.

Volume 3: Calculating Awards and Packaging

  • Updated Files Posted July 30, 2014 – Chapter 5, P. 3-116. In the section "Remaining loan eligibility for students who transfer or change programs," we corrected the guidance in the first paragraph under the subheading "Transfers between schools"--The new school may originate a loan for the remaining portion of the program or academic year regardless of whether or not the new school accepts transfer hours from the prior school.

   

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