What two items may indicate a problem on a student's ISIR and FSS?

Study for the NASFAA Student Eligibility Test. Use flashcards and multiple choice questions, with explanations and tips for better understanding. Prepare effectively for your exam!

A student's Institutional Student Information Record (ISIR) and Federal Student Aid (FSA) data can be flagged for various reasons that may indicate potential issues needing further review. The presence of reject codes and flags are key indicators to look for when assessing the data.

The combination of a reject code and a flag signifies that the data provided has some discrepancies or uncertainties. In this context, a reject code typically means that there is a fundamental issue with the data submitted, such as an error or inconsistency that prevents processing. A warning flag, on the other hand, indicates that while the application might still be processed, there are elements that require close attention or verification.

In the context of student eligibility for financial aid, reject code FPS (Federal Pell Grant Reject Code) signals an access issue with Pell Grant eligibility; when combined with a C flag, which denotes concerns related to citizenship or immigration status, this clearly highlights a significant area that requires further examination. This identification can help ensure that students meet the appropriate eligibility criteria before being awarded financial aid.

By understanding these indicators on the ISIR and FSA, institutions can better assist students in resolving any issues that might impede their financial aid application, ultimately facilitating their access to necessary funding for their education.

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