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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.
V4 or the Custom Verification Group: You must collect documentation of the students identity and a Statement of Educational Purpose signed by the student. V5 or the Aggregate Verification Group: you must complete all the steps in V1 and V4.
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.
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.
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.

People also ask

Whereas the FAFSA is used to apply for aid, your ISIR summarizes and assesses the information provided on your application. The government then sends your ISIR to the colleges and universities listed on your FAFSA, helping determine the aid you can receive.
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.
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).

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