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Financial Aid – 1213 Verification Priority Groups

Presenter: John Nickless, Senior Banner Financial Aid Consultant

BANNER VERIFICATION

DOCUMENTATION FUNCTIONALITY

Add appropriate documents to appropriate students

Don’t miss requesting required information

Don’t ask for unnecessary information

VERIFICATION ITEMS FOR 2011-2012

34 CFR 668.56

1. Household size

2. Number in college

3. Adjusted gross income (AGI) 4. U.S. taxes paid 5. Certain types of untaxed income and benefits:

➔ Child support

➔ IRA/Keogh deductions

➔ Interest on tax-free bonds

6. All other untaxed income included on the U.S. income tax return, excluding information on the schedules

VERIFICATION ITEMS FOR 2012–2013

668.56

See the July 13, 2011, Federal Register

For all applicants:

Household size

Number in college

Supplemental Nutrition Assistance Program (SNAP, formerly food stamps)

Child support paid

For non-tax filers:

Income earned from work

For tax filers:

Adjusted gross income (AGI)

U.S. income tax paid

Education credits

Untaxed IRA distributions

Untaxed pensions

IRA deductions

Tax-exempt interest

VERIFICATION ITEMS FOR 2013–2014

668.56

See the July 12, 2012, Federal Register

Adjusted gross income (AGI)

U.S. income tax paid

Education credits

Untaxed IRA distributions

Untaxed pensions

IRA deductions and payments

Tax-exempt interest

Income earned from work

Household size

Number in college

Supplemental Nutrition AssistanceProgram (SNAP, formerly food stamps)

Child support paid

High school completion status

Identity/statement of educational purpose

2013-2014 VERIFICATION PRIORITY

GROUPS

5 Priority Groups

Not all items are applicable or appropriate for every student

STANDARD VERIFICATION GROUP.

TRACKING FLAG V1

Students in this group must verify the following if they are tax filers:

adjusted gross income

U.S. income tax paid

untaxed portions of IRA distributions

untaxed portions of pensions

IRA deductions and payments

tax-exempt interest income

education credits

household size

number in college

Supplemental Nutrition Assistance Program (SNAP) benefits

child support paid

Students who are not tax filers must verify the following:

income earned from work

household size

number in college

SNAP benefits

child support paid

SNAP VERIFICATION GROUP

TRACKING FLAG V2

Students in this group must verify the receipt of SNAP benefits.

CHILD SUPPORT PAID VERIFICATION

GROUP. TRACKING FLAG V3

Students must verify child support paid by them or their spouse, their parents, or both

CUSTOM VERIFICATION GROUP.

TRACKING FLAG V4

Students must verify high school completion status and identity/statement of educational purpose in addition to receipt of SNAP benefits and payment of child support

AGGREGATE VERIFICATION GROUP

TRACKING FLAG V5

Students must verify high school completion status and identity/statement of educational purpose in addition to the items in the Standard Verification Group

TRACKING GROUPS VS. BATCH POSTING

VS. BLEND

Documents posted to RRAAREQ two ways:

RRRGREQ

Posts documents based on Tracking Group assignment

RORPOST

Posts documents based on sub-group selection (Population Selection)

BENEFITS OF RRRGREQ

Documents are posted to multiple groups based on a single pop sel

Documents are added or removed from RRAAREQ if student moves from one Tracking Group to another

DRAWBACKS OF RRRGREQ

Creation of an exponential number of Tracking Groups (V1-V5, Independent-Dependent, IRS matching status, etc.)

BENEFITS OF RORPOST

Selection of students by document

Fewer Tracking Groups

DRAWBACK OF RORPOST

Documents will not “un-post” if student changes Tracking Group

Additional GLBDATA runs for each dataload

MAXIMIZE THE BENEFITS, MINIMIZE THE

DRAWBACKS

V2, V3 and V4 do not require Income Tax information, therefore are not differentiated by Dependent/Independent or IRS matching status

V1 and V5 are virtually identical with the addition of high school completion status and verification of identity/statement of educational purpose for V5

POSSIBLE SOLUTION

Creation of Tracking Groups for priority V2, V3 and V4, attaching the appropriate documents in RRRGREQ

Allow V1 and V5 to fall into existing Verification Tracking Groups, and batch posting the additional documents to V5 on RORPOST

This requires 3 new tracking groups and 2 new RORPOST rules

Discussion Time

Thank you!!!