2015-2016 Verification Presented by Juliann Murphy Director of Financial Aid West Shore Community Colleg e.

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Presentation transcript:

Verification Presented by Juliann Murphy Director of Financial Aid West Shore Community Colleg e

What is Verification? Your Free Application for Federal Student Aid (FAFSA) was selected for review in a process called Your Free Application for Federal Student Aid (FAFSA) was selected for review in a process called Verification. WSCC must compare information from your FAFSA to this form and other required documents. If there are differences between your FAFSA and documents provided to WSCC a correction may be made to your FAFSA.st compare information from your FAFSA to this form and other required. Your required documents. If there are differences between your FAFSA and documents provided to WSCC a correction may be made to your FAFSA.

Verification vs. Conflicting Information Examples –  Work Study Wages  Wages vs. Line 7  Marital Status vs. Tax Filing Status  Others?

Who Gets Selected?  CPS Selects  Institution Selects  QA School  Do you have a policy?

Verification Items  Adjusted gross income (AGI) – V1, V5, V6  U.S. income tax paid – V1, V5, V6  Education credits – V1, V5, V6  Untaxed IRA distributions – V1, V5, V6  Untaxed pensions – V1, V5, V6  IRA deductions and payments – V1, V5, V6  Tax-exempt interest – V1, V5 V6  Other untaxed income – V6  Income earned from work – V1, V5, V6

Verification Items  Household size – V1, V5, V6  Number in college – V1, V5, V6  Supplemental Nutrition Assistance – V1, V4, V5, V6  Program (SNAP) benefits – V1, V4, V5, V6  Child support paid – V1, V3, V4, V5, V6  High school completion status – V4, V5  Identity/statement of educational purpose – V4, V5

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