Why was my financial aid selected for verification?
Why was my financial aid selected for verification?
In short, your college does a verification to double-check the accuracy of the information you provided in your FAFSA. Once you’ve received notification that your FAFSA has been selected, you’ll be asked to provide additional documentation. Your college will review this information to complete the verification process.
What information is needed for FAFSA 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).
Is there a deadline for FAFSA verification?
FAFSA Verification Deadline For the 2020-2021 academic year, the federal FAFSA deadline is June 30, 2021. For the 2021-2022 academic year, the deadline is June 30, 2022. Check the school’s verification form for deadline information, or contact the financial aid office.
What is the federal verification process?
Federal verification is a process which requires institutions to verify the accuracy of the information provided on a student’s FAFSA in an effort to ensure federal aid is distributed to those who are eligible.
What happens if you don’t verify your FAFSA?
Failure to return the verification forms by the deadline will cause you to lose this year’s financial aid. Review your FAFSA form before you send it in the first place. Errors can happen in the rush to get the FAFSA form out the door, but you can cut down the odds of being verified with an error-free form.
How do I stop FAFSA verification?
How to Avoid Verification Problems
- Double-check your FAFSA. Make sure the information you provide is consistent throughout the application.
- Stay on top of communications.
- Prepare your paperwork.
- Respond quickly.
- Get help.
What happens if I submit my FAFSA verification late?
Send in your FAFSA verification materials before your deadline. Verification probably won’t affect your financial aid, as long as you meet your college’s deadline. If you miss it, though, your school can’t offer you any federal financial aid.
What happens if you make a mistake on FAFSA?
A mistake on your FAFSA can delay the processing of your application for financial aid. If your FAFSA is verified and contains errors, it can cost you.
Can you go to jail for lying on your FAFSA?
What Are the Penalties for Lying on the FAFSA? The Higher Education Act of 1965 allows for penalties of up to five years in prison and a fine of $20,000 if someone is caught lying on the FAFSA. You will also have to payback any financial aid, so the monetary consequences are even greater.