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Why is financial aid verification important?

Verification is the process schools are required to use to confirm the data reported on the Free Application for Federal Student Aid (FAFSA) is accurate. If selected for verification, this does not necessarily mean there are mistakes, or you have done something wrong.

What happens when a student is selected for verification?

Its a process to confirm that the information on the Free Application for Federal Student Aid you submitted is an accurate snapshot of your finances. You were probably chosen at random, like the vast majority of those selected, or your school may have asked to have your information verified.

What happens during FAFSA verification?

During verification, the college financial aid administrator will ask the applicant to supply copies of documentation, such as income tax returns, W-2 statements and 1099 forms, to verify the data that was submitted on the Free Application for Federal Student Aid (FAFSA).

Who gets selected for FAFSA verification?

A higher percentage of low-income students are typically selected for verification. Pell-eligible, first-time filers made up about 46.5% of all FAFSA filers in the 2021-2022 award year, but were about 88.7% of those selected for verification, according to the NCAN/NASFAA report.

What documents are needed for financial aid verification?

During verification, the college financial aid administrator will ask the applicant to supply copies of documentation, such as income tax returns, W-2 statements and 1099 forms, to verify the data that was submitted on the Free Application for Federal Student Aid (FAFSA).

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What happens if you dont complete FAFSA verification?

If you dont complete the verification worksheets and submit the requested documents, you wont be eligible for federal, state or even school financial aid. If you already received a financial aid offer letter from colleges, the aid will be canceled until the verification process is complete.

How long does it take FAFSA to verify?

It typically takes three to five days to process a Free Application for Federal Student Aid (FAFSA) form that was submitted using fafsa.gov or using the myStudentAid mobile app. You can check the status of your FAFSA form immediately after submitting it online.

Is FAFSA verification required?

Provide Required Verification Verification is the process your school uses to confirm that the data reported on your FAFSA form is accurate. If youre selected for verification, your school will request additional documentation that supports the information you reported.

How do I complete my FAFSA verification?

Steps to take if youre selected for FAFSA verification Check your verification requirements. Complete the verification worksheet. Correct your FAFSA if needed. Submit your worksheet and any required forms. Follow up about your aid.

What happens if you dont complete FAFSA verification?

If you dont complete the verification worksheets and submit the requested documents, you wont be eligible for federal, state or even school financial aid. If you already received a financial aid offer letter from colleges, the aid will be canceled until the verification process is complete.

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The best way to edit Interest Verification in PDF format online

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Why is financial aid verification important?

What happens when a student is selected for verification?

What happens during FAFSA verification?

Who gets selected for FAFSA verification?

What documents are needed for financial aid verification?

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How do I complete my FAFSA verification?

What happens if you dont complete FAFSA verification?

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