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The document is a verification worksheet for the 2018-2019 Free Application for Federal Student Aid (FAFSA) at New York Institute of Technology (NYIT). It outlines the process of verifying FAFSA information against IRS tax data, requiring students to submit necessary documentation, including tax return transcripts and proof of high school completion. The document also details the steps for independent and dependent students, instructions for non-filers, and requirements for identity verification. Additionally, it includes sections for student information, family dependency status, and signatures.

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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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Why would my FAFSA be selected for verification?

Verification is a process that the U.S. Department of Education uses to make sure that the information reported on the FAFSA is accurate. Some FAFSA applications are selected because of inconsistent information, and others are chosen randomly.

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.

Who gets selected for FAFSA verification?

Custom Verification Group (V4): Students must verify the following: identity and statement of educational purpose (SEP). Aggregate Verification Group (V5): This group is essentially a combination of V1 and V4. Tax filers and non-tax filers must verify the items listed in the Standard Verification Group (V1).

How to avoid FAFSA verification?

A: The best way to avoid being selected for verification is to complete your FAFSA using the IRS Data retrieval tool, if possible. IRS data retrieval isnt an option for every applicant, but this one step will significantly reduce the likelihood of your application being selected.

What is V5 verification?

There are a variety of different reasons someones FAFSA could be selected for verification, including random selection, applying to a college that verifies all students, to protect against identity theft, or most commonly, there was a mistake on your FAFSA that needs fixing.

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What is the V4 verification group?

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.

Who selects students for verification?

Most students selected for verification have been randomly selected by the U.S. Department of Educations Federal Processor. However, there are other potential reasons for being selected for verification: The submitted FAFSA application had incomplete data.