Which flag values require an institution to review academic transcripts from other institutions?

Get ready for the NASFAA Student Eligibility Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Prepare effectively today!

The scenario described revolves around specific flag values that indicate the need for an institution to examine academic transcripts from other institutions. These flags typically relate to situations where a student's prior academic history could impact their current eligibility for financial aid.

In this case, options C and D likely refer to flags that suggest a student has transfer credits, has previously attended another institution, or has received academic credentials (like degrees or certifications) from external sources. When such flags are present, institutions have an obligation to validate this information by reviewing transcripts to ensure that the credits earned can be accurately calculated and appropriately applied toward the student's current academic progress.

Understanding the necessity of reviewing academic transcripts is crucial for compliance with financial aid regulations and ensuring that students receive the appropriate level of assistance based on their academic history. This practice helps avoid issues related to academic standing, financial aid eligibility, and the accurate awarding of federal and state funds to students based on their educational journey.

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