Rose-Hulman's verification process
Verification is the process of checking the accuracy of the
information supplied by financial aid applicants on the Free
Application for Federal Student Aid (FAFSA). It is Rose-Hulman's
policy to verify all applicants selected for verification by the
Central Processing System (CPS). Rose-Hulman also reserves the
right to select additional applications for verification.
The verification requirements delineated in this policy
statement apply to all applicants for federal student aid under the
following programs:
- The Federal Pell Grant Program
- The Federal Supplemental Educational Opportunity Grant
Program
- The Federal Work-Study Program
- The Federal Perkins Loan Program
- The Federal William D. Ford Direct Loan Program
For verification purposes, Rose-Hulman defines a financial aid
applicant as an enrolled student who is eligible to receive a
federal financial aid award. Aid will not be disbursed from any of
the aforementioned federal programs as well as the Indiana Higher
Education Award, Indiana Freedom of Choice Grant, the 21st Century
Scholarship Program and all Institutional need-based awards until
the verification process has been completed.
Verification Deadlines
Applicants selected for verification will be required to submit
documentation to the Rose-Hulman Financial Aid Office in support of
the data supplied on the FAFSA. The Financial Aid Office will
notify selected applicants of the documentation needed to complete
the verification process.
Applicant Correction & Notification Procedures
The Financial Aid Office will electronically submit to the
Central Processor corrections to the FAFSA data resulting from
verification. The Central Processor will then send an SAR
Information Acknowledgment to the applicant as notification of
these corrections. Applicants will be notified of award changes
resulting from verification by the receipt of an updated award
notification from the Financial Aid Office.
Notification of Verification Policies & Procedures
The Rose-Hulman verification policy will be included along with
other financial aid policies and procedures in written
documentation that will be made available to all aid
applicants.
Overpayments, fraud and abuse
If corrections resulting from the verification process decrease
an applicant's award and create an overpayment situation,
Rose-Hulman will send notification of this situation to the
applicant and attempt to collect the overpayment. If collection of
the overpayment from the applicant cannot be made, Rose-Hulman will
send notification of this situation to the applicant and attempt to
collect the overpayment. If collection of the overpayment from the
applicant cannot be made, Rose-Hulman will refer the overpayment to
the Education Department for collection. The Rose-Hulman Financial
Aid Office will report to the Office of Inspector General all
instances of suspected fraud where a financial aid applicant,
employee or other individual has misreported information and/or
altered documentation for the purpose of increasing aid eligibility
or fraudulently obtaining federal aid funds.