Allows the student to just update financial information and other items that have changed. Students must achieve satisfactory progress to continue receiving financial aid. The SAR contains information reported by the student on the financial aid application. The student's eligibility for aid is based on the EFC printed on front of the SAR, as well as additional instructions. Refers to rate of interest on Federal PLUS, SLS and Stafford Loans.
Many schools conduct their own verification.
Schools must also verify students selected through the federal processing system. All rights reserved.