Recently, I submitted my financial aid paper work to my school & I was told I have been Selected for Verifica

Question

Recently, when I submitted my financial aid paper work to my school, I was told I have been Selected for Verification.Does this mean I won't get any financial aid. What is this process of Verifcation. I have never heard of it.Is this a new thing not to award fianancial aid to students,but loans.

Answer 1

Verification sucks. It basically means the school will comb through your parents financial records to make sure that everything is truthful on the Fafsa. If it is then you should be OK but it may take a while and you won't get financial aid while you are on verification. If they find your fafsa was falsified then you can kiss you financial aid goodbye. On a good note, you can only be selected for verification once so once you finish this time they can't verify you again.

Answer 2

You finally got the FAFSA (Free Application for Federal Student Aid) filled out and sent in. You think everything is going smoothly until you receive a notification in the mail saying that you have been selected for FAFSA verification. What does this mean?

Verification is a process used to verify certain information on the FAFSA to ensure its accuracy. Some students are selected for verification by the U.S. Department of Education. Others are selected by the school. Usually only a certain percentage of students are selected for verification (but keep in mind that some schools choose to do 100% verification so every student file is verified).

Why is your file being verified?

There are several possibilities for being selected for FAFSA verification. Keep in mind that more possibilities exist, but the following are the main reasons for being selected:

You were selected randomly.

The submitted FAFSA application has incomplete data.
The data on the FAFSA application appears to contradict itself.
The FAFSA application has estimated information on it.

What needs to be done after the selection?

After you receive notification that you have been selected for verification, you should first read any messages from the Department of Education appearing on the Student Aid Report. Contact your Financial Aid Office (FAO) if you have any questions. Next, you should collect copies of documents that the Financial Aid Office requests. These documents may include a Marriage Certificate, a Social Security Card, an Alien Registration Card, and any Federal Tax Forms. The type of documents required will vary from student to student, and not all students selected for FAFSA verification will have to submit the same documents. Once you have collected all the required proof documents, take them to your Financial Aid Office. Do not turn in any documentation that was not requested. For example, if you turn in too many tax schedules and it shows information that the FAFSA has not asked for, the Financial Aid Office will be obligated to use that additional information in calculating need. Only turn in what is requested. You will also need to fill out an Institutional Verification Form to turn into the FAO.

What happens if there are discrepancies in the application?

After you turn in all required documents, the Financial Aid Office will compare them with your Student Aid Report. If errors are found, corrections will be made. If the errors are significant enough to change the amount of financial aid that you were awarded, the Financial Aid Office will send you a revised award letter showing increased or decreased amounts.

If you are selected for FAFSA verification, you need to return the information and requested documentation as soon as possible. Processing usually takes two to three weeks, but it can take longer during the peak season. Because verification must be completed in advance of disbursing any money from any financial aid program, it is vital to send complete and correct information as quickly as possible. Above all else, don’t be upset because you were selected for verification. This is a process that is required by the federal government. The Financial Aid Office may even discover errors in your report that could actually increase your eligibility for more aid.

Answer 3

No, this happened to me my first semester at college. All they do is check to see that you didnt lie about how much you made last year. Basically they check to see if your financial aid and tax match. Dont worry you will still get your financial aid. It usually takes about a month or so till you get your financial aid award letter.

Answer 4

No, I think it is an audit like when the IRS checks your tax return. It doesn't mean necessarily mean you won't get your financial aid it just means you better not have lied about any information you submitted on your paperwork.

Answer 5

because of the lifetime decrease on FAFSA generated funding, you probability determining of help formerly you finished your bachelor's degree in case you do yet another software formerly or with it you also probability operating right into a difficulty, even formerly hitting lifetime decrease, of exceeding 100 and fifty% of credit by degree kind & determining of help that way formerly you finished your bachelor's degree ultimately, if you're in preserving with scholar loans, you'll hit combination decrease formerly you graduate inclusive of your bachelors in case you attempt to do barber college formerly bachelors different posters are maximum proper... you received't get help for both faculties at one time and, maximum barber/splendor faculties are certificate or degree courses & do not qualify for Fin help notwithstanding, those provided as friends tiers at community faculties do qualify for Fin help

Answer 6

its when they think you lied so they checkin you out but dont worry theyre are too lazy to really check and you will still get a refund

Answer 7

I think it means they just want to check and see if you did it all correct . Good luck

Answer 8

It's random. It happened to me last year. I had to fill out forms and provide proof of my income.


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