[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR668.53]



[Page 462-463]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 668_STUDENT ASSISTANCE GENERAL PROVISIONS--Table of Contents

 

      Subpart E_Verification of Student Aid Application Information

 

Sec. 668.53  Policies and procedures.



    (a) An institution shall establish and use written policies and 

procedures for verifying information contained in a student aid 

application in accordance with the provisions of this subpart. These 

policies and procedures must include--

    (1) The time period within which an applicant shall provide the 

documentation;

    (2) The consequences of an applicant's failure to provide required 

documentation within the specified time period;

    (3) The method by which the institution notifies an applicant of the 

results of verification if, as a result of verification, the applicant's 

EFC changes and results in a change in the applicant's award or loan;

    (4) The procedures the institution requires an applicant to follow 

to correct application information determined to be in error; and

    (5) The procedures for making referrals under Sec. 668.16.

    (b) The institution's procedures must provide that it shall furnish, 

in a timely manner, to each applicant selected for verification a clear 

explanation of--

    (1) The documentation needed to satisfy the verification 

requirements; and



[[Page 463]]



    (2) The applicant's responsibilities with respect to the 

verification of application information, including the deadlines for 

completing any actions required under this subpart and the consequences 

of failing to complete any required action.



(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 61206, Nov. 29, 1994]