Lesson 2: Changing Applicant Data

Question 1

What are ‘corrections’ during the application process?

Answer 1

changes to data elements that were incorrect at the time the FAFSA was filed.

Question 2

What are updates?

Answer 2

changes to data elements that were correct at the time of application, but changed since the FAFSA was filed.

Question 3

What updates are allowable?

Answer 3

1. Dependency status
2. Number in household and number in college
3. Marital status (only allowed under certain circumstances)

Question 4

When must a school submit corrections to the CPS for changes?

Answer 4

In a single dollar item of $25 or more.

Question 5

How are overawards treated differently for the campus-based programs than for other federal programs?

Answer 5

There is an overaward tolerance of $300 for the campus-based programs.

Question 6

What is a specified year?

Answer 6

the calendar year that immediately precedes the first year in the award year covered by FAFSA. (Ex. the specified year for 2018-2019 was 2016.