Financial Aid Handbook - Elizabethtown College

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Verification Information Verification is a federal process, which requires the institution to check the accuracy of the information a student and/or a student’s parents have given when applying for federal financial aid. Information is verified by securing additional documentation or, in some cases, a signed statement attesting to the accuracy of the information provided. The stated purpose of verification is to reduce error rates in applicant reported data and to assure, to the maximum extent possible, that eligible applicants receive the correct amount of financial assistance. A certain number of Free Applications for Federal Student Aid are selected for verification by the federal government. Some applications are selected purely at random; others are selected based on questionable answers to application questions. The selection criteria are established by the U.S. Department of Education and the Financial Aid Office does not know why a particular person has been selected. If a student’s application is selected for verification, the school the student plans to attend is required to collect certain information in order to verify the accuracy of the student’s application. In addition, the College can (and does) select students for verification. For selected students, there are a number of items that must be verified. For a dependent student, these items must be verified for the student and parents. For an independent student, they must be verified for the student and spouse. The items to be verified are set annually by the U.S. Department of Education. In addition, conflicting information in a student’s file must always be resolved. The documents necessary to verify these items are determined by Elizabethtown College. Corrections to the application data, which result from verification, will be made through the institution’s need analysis software and submitted to the U.S. Department of Education’s central processing system (CPS), if necessary. Applicants will be informed of any specific actions they must take to correct the application data. No deadlines are established for the submission of verification documents. An award will not be sent; aid will not be disbursed to the student; and federal loans will not be originated until verification is complete. No professional judgment changes can be made to a student’s record until they have completed the verification process and the school has submitted verification corrections to the CPS. Receipt of a final financial aid Award Letter constitutes notification to the student that verification has been completed. Receipt of an estimated financial aid Award Letter does not constitute such notification. If, for some reason, an award was sent prior to verification, a revised award will be sent if the award changes due to verification. If the amount of the revised award is less than the original award and the student is now ineligible for aid that was disbursed, the student will be responsible for repaying the amount of the overpayment. The student also will be responsible for repaying the amount of any aid disbursed if he or she fails to complete the verification process. For more detailed information on the verification process, please contact the Financial Aid Office. 113
Attention New Students What Happens Now... ❍ Send your $200 matriculation deposit to the Office of Admissions by May 1, 2013, to enroll at Elizabethtown College. ❍ Return one copy of your financial aid Award Letter to our office by May 1, 2013, indicating if you plan to accept or decline the offer of financial aid. ❍ Review the “Financing Your Education” brochure for information on the various programs available to your family. ❍ By June, the Financial Aid office will certify your Direct Loan, and you will receive instructions on how to complete a promissory note. ❍ You will receive information on how to complete Direct Loan and Perkins Loan entrance counseling requirements, if applicable. ❍ You will receive your bill for the Fall Semester by July. Payment will be due August 1. ❍ Check www.etown.edu/studentemployment for on-campus job openings. ❍ On August 22, 2013, you will arrive for fall orientation and your Elizabethtown experience officially begins! What Happens Later... Financial Aid information for the 2014-2015 academic year will be mailed to your home in February 2014 so you may reapply for financial aid. Award notification will begin after spring 2014 grades are posted. 14
Page 1 and 2: Dollars & Sense FINANCIAL AID HANDB
Page 3 and 4: Accepting Your Package Your financi
Page 5 and 6: Your Financial Aid Package Expected
Page 7 and 8: Additional Education Loans After ta
Page 9 and 10: Terms and Conditions of Financial A
Page 11 and 12: Minimum Completion Percentage (MCP)
Page 13: Campus Employment Campus employment

Financial Aid Handbook - Elizabethtown College

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