All tests will include a combination of multiple-choice and scenario-based questions. The following examples are similar in structure and scope to the questions that will appear on the test for this topic.

1. The FAFSA is used to

• calculate the EFC based on income, net worth of investments, and consumer debt.
• determine a student’s eligibility for federal student aid and student loan forgiveness.
• CORRECT: verify a student’s eligibility through database matches, and calculate the EFC.
• compute the COA at each school listed by the student.

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2. When completing the FAFSA, a student whose divorced or legally separated parents are not living together must provide household and income information for

• the parent (and spouse, if re-married) who claimed the student as a dependent according to the IRS rules for qualifying children.
• both parents (and spouses, if re-married) if the student lived with both parents equally during the prior 12 months.
• CORRECT: the parent (and spouse, if re-married) with whom the student lived most during the prior 12 months.
• neither parent if the student has not lived with either parent during the prior 12 months.

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3. Financial aid administrators who submit a student’s FAFSA through FAA Access to CPS Online must

• verify all income data before submission using an IRS tax return transcript.
• document that the student has limited or no internet access.
• add additional schools upon request, even if the student does not receive aid or enroll at that school.
• CORRECT: retain the signed signature page or signed FAFSA for three years from the end of the award year.

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4. A student’s claim of U.S. citizenship is verified by a match with the __________ database.

• CORRECT: Social Security Administration
• Department of Homeland Security
• Immigration and Customs Enforcement Agency
• Department of Justice

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5. Which one of the following dates is considered the date the institution receives the ISIR?

• The date the CPS receives the ISIR transaction
• CORRECT: The date the CPS processes the ISIR transaction
• The date the ISIR transaction is sent to the school’s SAIG mailbox
• The date the school loads the ISIR transaction into the school’s system

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