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Financial Aid FAQs

 
What is Program Objective Enrollment Compliance (POEC)?

​POEC is a term-by-term, federally mandated review of a student’s class schedule. The goal of POEC is to determine whether or not all classes within a student’s schedule for a given term are truly necessary for completion of that student’s declared degree. Classes which are identified as unnecessary for degree completion will be flagged as such, and excluded from financial aid coverage i.e. any coursework that is not recognized as being required will be excluded when calculating eligibility for Title IV funds (Pell Grant, Direct Subsidized Loans, Direct Unsubsidized Loans, etc.).

For more information on POEC, click here.

What is Verification?
Definition and Purpose
•     Verification is a process used to check the accuracy of the information that a student has given when applying for federal financial aid.
•     If during the verification process it is determined that inaccurate information was in fact provided to the federal government corrections may be necessary.

Applicant Selections
Broward College is a Quality Assurance Institution and the US Department of Education has given BC authority to set its verification criteria.

Verification Process
Students can be selected for verification by both the US Department of Education and Broward College. Students who successfully utilize the IRS Data Retrieval Tool will not fall into our selection criteria and will not have to submit verification documents. Students who do not utilize the IRS Data Retrieval Tool and fall into our selection criteria will be required to submit the necessary verification documents.
What is Student Aid Report (SAR)?

(SAR) Student Aid Report— available on the FAFSA web site (as well as in your email), it summarizes the information on your completed FAFSA. Most notably it contains comments to help you identify any mistakes you may have made on your FAFSA, and even alerts you to any documentation that you may need to provide to your school. Review your SAR for comments and possible mistakes, then make corrections (at www.fafsa.gov) as necessary and gather documentation for submission to your school to resolve any remaining flags/discrepancies.

What is Expected Family Contribution (EFC)?
(EFC) Expected Family Contribution—A measurement of your family's financial strength, and is used to determine your eligibility for need based aid. You receive an EFC based on the processing results of your FAFSA. Your EFC can be found on your confirmation page once your FAFSA is submitted or on your SAR, or online at www.fafsa.gov.​
What is Cost of Attendance (COA)?
Cost of Attendance (COA) is an estimate of the combined costs of direct and indirect educational expenses.  It takes into account your basic living expenses, such as:  housing, transportation, etc. Students are not allowed to receive aid that exceeds their cost of attendance. Use the Net Price Calculator for help.
What is Institutional Student Information Record (ISIR)?
(ISIR) Institutional Student Information Record- contains the information submitted on the FAFSA and the EFC as well as other information regarding financial aid eligibility. The ISIR is electronically transmitted to the school.​
When can I start the renewal process for my FAFSA using the IRS Data Retrieval Tool?
The FAFSA is available by the first week in January each year. Check the FAFSA home page for IRS Data Retrieval Tool availability.
Where can I get help completing my FAFSA?
 
Click Here for some general information on the FAFSA.

If you need in person assistance please visit one of our financial aid office locations.
 
What school code do I use on the FAFSA for Broward College?

Use school code 001500. Even though that code references the Fort Lauderdale location, it is actually good for all Broward College campuses and does not affect a student's ability to attend their preferred campus i.e. Central, North, South, etc. or receive aid there.

What is an FSA ID?

​As of May 10, 2015 an FSA ID replaces the PIN as your (and your parent's signature, if dependent) on your FAFSA. Whereas your PIN consisted of four numbers the FSA ID consists of a username and password. You will need your FSA ID to not only sign your sign FAFSA initially, but also to log back into your FAFSA to make any necessary corrections or updates, therefore it is very important that you not only establish your FSA ID as soon as possible but make a note of it as well.     
 
For more information regarding the FSA ID please click here.


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Broward College does not discriminate against any person on the basis of race, color, ethnicity, genetic information, national origin, marital status, sex, disability, or age in its programs, activities and employment.