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Financial Aid Verification: What is it and what do I need to do?
|Article Number: 168 | View Count: 2351 | Rating: 0/5 from 0 votes | Last Updated: March 16, 2012 at 8:45am|
Each year the federal government randomly selects some financial aid recipients for verification. The verification process requires that the school review supporting documents to ensure the accuracy of the information on the FAFSA. Information that must be verified includes adjusted gross income, federal tax paid, untaxed income, number of family members in the household, and the number of children in the household who are enrolled at least half time in college.
If you are selected for verification, you will be asked to submit a Verification Worksheet as well as IRS transcripts of your federal tax returns (including all pages & schedules), and W-2s, for any person (student, spouse, and/or parent) whose information was reported on the FAFSA. Federal, state, and institutional financial aid cannot be credited to a student's account until the verification process is completed.
Failure to complete the verification process may result in cancellation of financial aid. Edison State College reserves the right to verify any file that appears to contain discrepant information. Students who are selected for verification will not receive a financial aid award until all necessary documentation has been provided and reviewed.
More information about these verification can be found here.
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