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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.
Do parents who make $120000 still qualify for FAFSA?
Yes, you can still apply for FAFSA (Free Application for Federal Student Aid) even if your parents have a high income. However, the amount of financial aid you receive may be limited because FAFSA primarily considers your familys financial situation when determining your eligibility for need-based aid.
Why was I selected for financial aid verification?
Some FAFSA applications are selected because of inconsistent information, and others are chosen randomly. The Office of Financial Aid will request copies of your (and if a dependent student, your parents) IRS tax return transcript(s) and W-2s, as well as a verification worksheet if you are selected.
What is the FAFSA verification process?
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.
What is FA verification?
The federal processor notifies select students on their federal student aid report that they must be verified. This simply means that before disbursing federal need-based aid to you, the U.S. Department of Education will require the university to confirm the accuracy of some information on the FAFSA.
What are three things you need to complete the FAFSA?
Gathering Needed Documents Tax returns. Records of child support received. Current balances of cash, savings, and checking accounts. Net worth of investments, businesses, and farms.
Related links
FAA Form 8710-1, Airman Certificate and/or Rating
The information collected on this form is necessary to determine applicant eligibility for airman ratings. We estimate it will take 30.
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