[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR668.55]

[Page 477-478]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 668--STUDENT ASSISTANCE GENERAL PROVISIONS--Table of Contents
 
     Subpart E--Verification of Student Aid Application Information
 
Sec. 668.55  Updating information.

    (a)(1) Unless the provisions of paragraph (a)(2) or (a)(3) of this 
section apply, an applicant is required to update--
    (i) The number of family members in the applicant's household and 
the number of those household members attending postsecondary 
educational institutions, in accordance with provisions of paragraph (b) 
of this section; and
    (ii) His or her dependency status in accordance with the provisions 
of paragraph (d) of this section.
    (2) An institution need not require an applicant to verify the 
information contained in his or her application for assistance in an 
award year if--
    (i) The applicant previously submitted an application for assistance 
for that award year;
    (ii) The applicant updated and verified the information contained in 
that application; and
    (iii) No change in the information to be updated has taken place 
since the last update.
    (3) If, as a result of a change in the applicant's marital status, 
the number of family members in the applicant's household, the number of 
those household members attending postsecondary education institutions, 
or the applicant's dependency status changes, the applicant shall not 
update those factors or that status.
    (b) If the number of family members in the applicant's household or 
the number of those household members attending postsecondary 
educational institutions changes for a reason other than a change in the 
applicant's marital status, an applicant who is selected for 
verification shall update the information contained in his or her 
application regarding those factors so that the information is correct 
as of the day the applicant verifies the information.
    (c) If an applicant has received Federal Pell Grant, campus-based, 
Federal Stafford Loan, or Federal Direct Stafford/Ford Loan program 
assistance for an award year, and the applicant subsequently submits 
another application for assistance under any of those programs for that 
award year, and the applicant is required to update household size and 
number attending postsecondary educational institutions on the 
subsequent application, the institution--
    (1) Is required to take that newly updated information into account 
when awarding for that award year further Federal Pell Grant or campus-
based,

[[Page 478]]

assistance or certifying a Federal Stafford Loan application, or 
originating a Direct Subsidized Loan; and
    (2) Is not required to adjust the Federal Pell Grant or campus-
based, assistance previously awarded to the applicant for that award 
year, or any previously certified Federal Stafford Loan application or 
previously originated Direct Subsidized Loan for that award year, to 
reflect the newly updated information unless the applicant would 
otherwise receive an overaward.
    (d)(1) Except as provided in paragraphs (a)(3) and (d)(2) of this 
section, if an applicant's dependency status changes after the applicant 
applies to have his or her EFC calculated for an award year, the 
applicant must file a new application for that award year reflecting the 
applicant's new dependency status regardless of whether ther applicant 
is selected for verification.
    (2) If the institution has previously certified a Federal Stafford 
Loan application for an applicant, the applicant shall not update his or 
her dependency status on the Federal Stafford Loan application. If the 
institution has previously originated a Direct Subsidized Loan for a 
borrower, the school shall not update the borrower's dependence status 
on the loan origination record.

(Approved by the Office of Management and Budget under Control Number 
1840-0570)

(Authority: 20 U.S.C. 1094)

[56 FR 61337, Dec. 2, 1991, as amended at 59 FR 22067, 22068, Apr. 28, 
1994; 59 FR 61206, 61207, Nov. 29, 1994; 63 FR 40625, July 29, 1998]