Verification 2014 – 2015

Verification is a process through which the institution verifies the information you reported on your FAFSA. Federal regulations require all institutions to perform verification on all applicants who were selected. The verification process requires the institution to collect additional documents from the student and his/her family in order to verify information provided on the FAFSA. Along with a verification worksheet, the student will need to provide the Financial Aid Office with all necessary documents and information indicated on the verification worksheet. Depending on individual situations, additional documents may be requested as needed. It is the student’s responsibility to make sure the Financial Aid Office receives the items requested in a timely manner.


NEW VERIFICATION INFORMATION

New for the 2014 – 2015 award year, ED will use verification tracking flags to place an applicant into one of five verification tracking groups. Each tracking group has a specific list of FAFSA items that will be verified

Verification Tracking Flags

V1 Standard Verification Group
V3 Child Support Verification Group
V4 Custom Verification Group
V5 Aggregate Verification Group
V6 Untaxed Income Group

For the 2014 – 2015 aid year, an additional group V6 (Untaxed Income Group) has been added and V2 (SNAP Verification Group) has been removed.

How to Avoid Delays in the Verification Process

  • Read your Student Aid Report (SAR) after completing the FAFSA to know if you have been selected for verification.
  • Check your Panther Tracks for “Unsatisfied Requirements” relative to Verification requirements.
  • Submit your verification requirements as soon as possible via Panther Pass.
  • Obtain your IRS Tax Transcripts as soon as possible. (http://pvamu.edu/pages/3385.asp)
  • Provide W-2s for each person whose income is reported on your FAFSA.
  • Carefully read each section of the Verification Worksheet.
  • Amounts reported on the Verification Worksheet are to be annual/per year figures, not monthly.
  • Complete all questions requiring a dollar amount (do not leave blank).
  • All applicable parties must sign the Verification Worksheet.
  • If there are further discrepancies on the packet regarding other income information reported, additional documents could be requested at a later date.
  • Make photocopies of all documents for your records.

 

Federal regulations now requires the student to submit a Federal Tax Return Transcript (not copies of Federal Tax Return) to the Office of Student Financial Aid & Scholarships. We strongly encourage you to use the new IRS data Retrieval feature on the FAFSA to automatically retrieve income data from your federal tax return (if eligible). If successfully used, a tax transcript may not be required.
          Not Accepted                            Accepted

 

Not Accepted - copies of Federal Tax ReturnAccepted -a Federal Tax Return Transcript

 

               (click for larger image)                  (click for larger image)

IRS TAX TRANSCRIPT TOOL

 

Was this information helpful? Provide Feedback or report broken links.