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The document is a 2020-2021 Verification Work Sheet (V5) required by the U.S. Department of Education for students selected for financial aid verification. It outlines the steps necessary to complete the verification process, including submitting tax information, family details, proof of high school completion, and identity verification. The document emphasizes that federal financial aid cannot be processed until all requirements are met and corrections are made.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (117 Votes)
2018	4.3 Satisfied (50 Votes)

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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.

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.

What is V5 verification?

Students must verify identity/statement of educational purpose (SEP). V5Aggregate Verification Group. Students must verify identity/SEP in addition to the items in the Standard Verification Group (V1). Groups V2, V3, and V6 are reserved for future use by the Department.

Who gets selected for FAFSA 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.

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.

How long does the verification process take for financial aid?

How long does the verification process take? Verification processing time is generally two to three weeks during peak season (June-October), and one to two weeks during non-peak season (November-May). Therefore, students should start the process as soon as possible.

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What does it mean if my FAFSA is selected for verification?

How many people get selected for FAFSA verification?

What is V5 verification?

Who gets selected for FAFSA verification?

What happens if I dont do FAFSA verification?

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How long does the verification process take for financial aid?

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Get the up-to-date verification v5 2025 now

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The fastest way to redact Verification v5 online

See more verification v5 versions

Complete this form in 5 minutes or less

Got questions?

What does it mean if my FAFSA is selected for verification?

How many people get selected for FAFSA verification?

What is V5 verification?

Who gets selected for FAFSA verification?

What happens if I dont do FAFSA verification?

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People also ask

How long does the verification process take for financial aid?

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