Post-Assessment Retake

Which of the following students would be required to provide parental information on the FAFSA or Alt App?

Students who are dependents or younger than 24 years old

If parents provide some information on the FAFSA, but do not grant consent and approval, students _____.

Are ineligible for all federal student aid

After a student submits the Alt App, what document does the school receive from ISAC?

Alternative Application Student Records

What is the most common type of tax transcript requested for verification purposes?

Tax return transcript

How can a student make a correction to a FAFSA that has already been processed?

(1) Correcting and submitting a paper FAFSA Submission Summary, (2) through FAFSA on the web, (3) in-person at the financial aid office

What is the limit of MAP paid credit hours than an undergraduate student can use in IL?

135

Which of the following is not one of the dependency questions listed on the FAFSA/Alt App?

Does anyone claim you as a dependent on their taxes?

In which of the following situations will an SAI not be generated?

(1) When a student does not provide consent and approval, (2) a non-eligible noncitizen submits the FAFSA

In which of the situations will the FAFSA not ask a student or family to report their investments?

(1) a parent or spouse in the household received federal means-tested benefits in the past 24 months, (2) the student has a negative SAI, (3) parents income is under $60k

Where can a student use SETTW?

Only 4-year public institutions in the state of IL

If a dependent student has a trust fund they can’t use until age 30, how should it be reported on the FAFSA/Alt App?

Report the full amount as a student investment

Which of the following statements about how the Pell Grant is calculated is true?

(1) the calculation uses family size, income, and the federal poverty guidelines to aware max and min Pell, (2) if a student does not receive a Pell amount from the calculation, they are not eligible, (3) students are considered for Pell in this order: max, calculated, min