[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: 34CFR668.55]



[Page 464-465]

 

                           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. 668.55  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, 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 the applicant is 

selected for verification.

    (2) If the institution has previously certified a Federal Stafford 

Loan application for an applicant, the applicant



[[Page 465]]



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; 69 

FR 12276, Mar. 16, 2004]