V5 Aggregate Financial Aid 2022-23 Verification Worksheet for Dependent-2025

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  1. Click ‘Get Form’ to open the V5 Aggregate Financial Aid 2022-23 Verification Worksheet in our editor.
  2. Begin by filling out Section A, which requires your personal information including your last name, first name, middle initial, student ID, and the last four digits of your Social Security Number.
  3. In Section B, list all members of your household. Include yourself, your parents (including stepparents), and any siblings or other dependents who live with you and receive support from your parents. Ensure to note their college enrollment status if applicable.
  4. Proceed to Section C to verify your income information. Check the appropriate box regarding your employment status in 2020 and provide details about any employers along with attached IRS W-2 forms if necessary.
  5. Continue to Section D for your parent’s income verification. Similar instructions apply; check the relevant box and provide employer details as needed.
  6. Complete Sections E and F by providing documentation for high school completion status and reaffirming your educational purpose as required.
  7. Finally, sign and date in Section G where both you and a parent must certify that all information is accurate before submitting the worksheet to your financial aid office.

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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.
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.
How do I check the status of my FAFSA form? Log in to check the status of your FAFSA form. Find your application status under My Activity, which displays after you log in if youve started or completed a FAFSA form.
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 does that mean? 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.
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People also ask

V4 verification requires you to provide identification to your college to prove you are who you say you are. it also requires you provide a statement of educational purpose (SEP)
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.

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