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Understanding and Reporting Overpayments in Student Financial Aid

This lesson focuses on recording and updating overpayment statuses in the National Student Loan Data System (NSLDS) website. Participants will learn how overpayments can impact student eligibility and explore various financial aid programs, including Pell Grants, Academic Competitiveness Grants, National SMART Grants, Perkins Loans, and FSEOG. Additionally, we'll cover status indicators such as overpayment, satisfactory arrangements, made, repaid, and fraud. A live demo will be conducted to illustrate the editing process of an overpayment record.

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Understanding and Reporting Overpayments in Student Financial Aid

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Presentation Transcript

    1. 1 Reporting Overpayments Lesson 3

    2. 2 Objectives Record an overpayment in the NSLDS Web site Update an overpayment record to a repaid status

    3. 3 Reporting Overpayments Overpayments affect student eligibility Types of data reported Pell Grant Academic Competitiveness Grant National SMART Grant Perkins Loans FSEOG Status indicators Overpayment Satisfactory Arrangement Made Repaid Fraud

    4. Instructor Demo - Overpayment Edit this slide by selecting Properties in the Live Meeting Presentation menu.

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