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What documents does FAFSA ask for verification?

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).

How common is 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.

Why would my FAFSA be selected for verification?

ED selects around 25% of all FAFSA filers for verification. This rate strikes us as surprisingly high, especially in contrast to the less than 2% of federal tax returns selected for audit annually.

How does financial aid verify income?

The verification process involves submitting documents such as tax transcripts and W-2 forms so the financial aid office at your college can see that the information on these documents matches your FAFSA application.

How to avoid FAFSA verification?

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 docHubly reduce the likelihood of your application being selected.

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What happens if I dont do FAFSA verification?

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.

What is the verification process for financial aid?

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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