Verification is the process by which colleges review student financial aid applications for accuracy where the U.S. Department of Education identifies some FAFSA applications for colleges to review. In addition, colleges may review additional applications based on answers provided to certain FAFSA questions.
Roughly one-third of all FAFSAs filed are selected for verification and the process must be completed before financial aid can be awarded. If you are selected for verification, you can expect the following:
- When you receive your Student Aid Report (SAR) after completing the FAFSA, you will see a comment stating “Your FAFSA has been selected for a review process called verification. Your school has the authority to collect certain financial documents from you”.
- Your college’s financial aid office will contact you and inform you of documents you need to submit and any additional forms you need to complete.
- Your college may be required to verify the following data elements:
- Adjusted gross income
- Taxes paid
- Income earned from work (for non-tax-filers)
- Untaxed portions of IRA distributions or pensions
- IRA deductions and payments
- Tax exempt interest income
- Education credits
- Household size
- Number in college
- Receipt of food stamps/SNAP benefit
- Child support paid
- High school completion status
- Any other inconsistent or conflicting information.
- To verify the elements above, the college may ask for documents which may include, but are not limited to:
- Signed copies of the prior year tax transcripts for parent and student (if the student is dependent) or Federal IRS Data Retrieval.
- W-2s showing wages, 1099s and supporting schedules.
- Statement of child support paid, documentation that child support payments were made, and/or copy of the separation agreement or divorce decree that shows the amount of child support to be provided.
- Verification of net worth.
- Documentation of food stamps/SNAP benefit.
- Copy of the applicant’s high school diploma, final official high school transcript that shows the date when the diploma was awarded, GED certificate/transcript, state certificate or transcript received after passing a state-authorized exam (HiSET, TASC or other state-authorized exam) or a copy of the “secondary school leaving certificate” (or other similar document) for students who completed high school in a foreign country.
The best action you can take to reduce the likelihood of being selected for verification is to use the IRS data retrieval tool to automatically populate your (and if you are a dependent student, your parents’) tax information directly from the IRS into your FAFSA. When you use the IRS data retrieval tool, the tax information is considered to be already verified so you will not have to submit documentation.
If you are selected for verification, ensure that you respond to all requests from your college or university. If you do not submit documentation on time your financial aid may arrive after late fees have already been accessed to your account.