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.
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