V5 Verification 2025

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The document is a V5 Verification Worksheet for the 2018-2019 academic year, outlining the process for students at NYIT whose FAFSA was selected for verification. It details the requirements for submitting tax information, including obtaining a Tax Return Transcript from the IRS if necessary, and provides instructions for both dependent and independent students regarding household information and documentation needed to complete the verification process. Additionally, it emphasizes the importance of verifying identity in person at the Office of Financial Aid.

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Click ‘Get Form’ to open the V5 Verification in the editor.
Begin by filling out Section A: STUDENT INFORMATION. Enter your last name, first name, middle initial, address, email, student ID, and date of birth. Ensure all details are accurate for proper identification.
Proceed to Section B: DEPENDENCY AND FAMILY INFORMATION. Check the appropriate boxes that apply to your situation regarding independence status and list household members as required.
In Section C: TAX FORMS AND INCOME INFORMATION, indicate whether you or your parents filed taxes in 2016. If applicable, check the box for using the Data Retrieval Tool on FAFSA.
Complete Section D if you did not file taxes. List employers and income received in 2016 as necessary.
For Section E: HIGH SCHOOL COMPLETION STATUS, attach documentation proving high school completion as specified.
In Section F: DOCUMENTATION OF IDENTITY/STATEMENT OF EDUCATIONAL PURPOSE, ensure you present valid ID in person at the Office of Financial Aid or provide a signed statement if unable to appear.
Finally, sign and date in Section G to certify that all information is complete and correct before submitting your form.

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Versions	Form popularity	Fillable & printable
2019	4.8 Satisfied (105 Votes)
2017	4.1 Satisfied (36 Votes)
2017	4.3 Satisfied (63 Votes)
2016	4.3 Satisfied (59 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the #1 most common FAFSA mistake?

Some of the most common FAFSA errors are: Leaving blank fields: Too many blanks may cause miscalculations and an application rejection. Enter a 0 or not applicable instead of leaving a blank. Using commas or decimal points in numeric fields: Always round to the nearest dollar.

What is required for verification?

ID proof number is required for identity verification, carried out by several organisations providing critical and essential services. These documents are proof that a person is who they claim to be. These are crucial to completing KYC procedures at financial institutions.

What not to put on FAFSA?

Do Not Report Your primary home: The FAFSA doesnt expect you to list the value of your primary home as an asset that can help pay for college. Your retirement savings: The FAFSA doesnt ask you to list the balance of 401(k)s, IRAs, Roth IRAs, pensions, annuities, or other retirement funds.

What is the highest income to qualify for FAFSA?

There is no income cut-off to qualify for federal student aid. Many factorssuch as the size of your family and your year in schoolare considered.

What is the most common mistake made on the FAFSA?

Some of the most common FAFSA errors are: Forgetting to sign and date: If youre filling out the paper FAFSA, be sure to sign it. Sending in a copy of your income tax returns: You do not need to include a copy of your tax returns with your FAFSA.

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How to get the most out of FAFSA?

Basic Principles Reducing income during the base years. Reducing included assets. Increasing the number of family members enrolled in college and pursuing a degree or certificate at the same time.