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Click ‘Get Form’ to open the V1 Verification Worksheet 20232024 in the editor.
Begin by filling out the 'A. STUDENT INFORMATION' section. Enter your last name, first name, middle initial, address, student ID, date of birth, and contact information accurately.
Proceed to 'B. DEPENDENCY AND FAMILY INFORMATION'. Check the appropriate boxes that apply to your situation to determine if you are an independent or dependent student.
In section 'C. TAX FORMS AND INCOME INFORMATION', indicate whether you or your parents filed taxes in 2021 by checking the relevant boxes.
For 'D. TAX FORM NON-FILERS AND INCOME INFORMATION', provide details about any income received if you did not file a tax return. Ensure to list employers and earnings accurately.
Finally, complete section 'E. SIGNATURES' by signing and dating the form where indicated. Both the student and one parent must sign.
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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.
What is a verification worksheet for FAFSA?
The Verification Worksheet - Dependent form is a form that is requested of a dependent student selected for FAFSA Verification. The form requires information from both parents and students to verify some of the information provided on the students Free Application for Federal Student Aid (FAFSA).
What does it mean when your FAFSA has been 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 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.
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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).
Related links
Independent Verification Worksheet (V1) 2023-2024
You must complete and sign this worksheet, attach any required documents, and submit the form and other required documents to the financial aid office at
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