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2022-2023 Standard Verification Worksheet

2022-2023 Standard Verification Worksheet-2025

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The document is the 2022-2023 Standard Verification Worksheet from Rowan College at Burlington County's Office of Financial Aid. It outlines the verification process for students whose FAFSA applications have been selected for review. The worksheet requires students to provide personal and household information, tax forms, income details, and signatures to confirm the accuracy of their reported financial information. Additional documentation may be requested by the financial aid office.

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Versions	Form popularity	Fillable & printable
2022	4.1 Satisfied (31 Votes)
2017	4.8 Satisfied (177 Votes)
2016	4.1 Satisfied (43 Votes)

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What is standard verification for FAFSA?

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).

What is a V1 standard verification?

V1 or the Standard Verification Group: You must verify the following ISIR data: adjusted gross income (AGI), U.S. income tax paid, untaxed portions of IRA distributions, untaxed portions of pensions, IRA deductions and payments, tax exempt interest Income, education tax credits, foreign income exempt from federal

How many people get selected for FAFSA verification?

FSA announced some good news at its most recent conference: For the current 2021-22 FAFSA cycle, the verification selection rate for all filers was reduced from 22% to 18%. However, the selection rate for Pell Grant-eligible FAFSA filers remains much higher.

How to avoid FAFSA verification?

Its possible that you wont need to verify your income or tax information if you used the IRS Data Retrieval Tool to complete your FAFSA! If, however, you: Used the IRS Data Retrieval Tool, but reported rollovers or. Used the IRS Data Retrieval tool, but amended your tax return.

What is the difference between V4 and V5 verification?

V4 or the Custom Verification Group: You must collect documentation of the students identity and a Statement of Educational Purpose signed by the student. V5 or the Aggregate Verification Group: you must complete all the steps in V1 and V4.

What does it mean if my FAFSA is selected for 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. Dont assume youre being accused of doing anything wrong.

What happens if I dont do FAFSA verification?

What happens if I do not complete verification? If a student who is selected for verification does not complete the verification process, then any federal and/or need-based aid (Pell grant, SEOG, Work-Study, Federal Direct loans, certain Scholarships, and institutional aid) will NOT be awarded or disbursed.

2022-2023 Standard Verification Worksheet-2025

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