1. Verification
2016 TASFAA
ABC Workshop

2. Objectives
Understand Verification Flag Tracking Groups and Documentation Requirements
Easily Identify Verification Data Elements on Tax Documents
Obtain Verification Resources
Ask Verification Questions

3. 2016-2017 Verification Group V2 & V3 will not be used.
Applicants may be moved from tracking groups V1, V4, and V6 to V5 on a subsequent ISIR.
If moved, school is prohibited from disbursing any new Title IV aid until verification of new group completed
V6 Group – Household Resources Verification Group
Institutions must use exact language provided in the Federal Register for the Statement of Educational Purpose.

4. Verification Groups

5. High School Completion Status
HS Diploma or final HS transcript showing date HS diploma awarded 
NEW: DD Form 214 may serve as documentation if it indicates student is a HS graduate
Homeschooled
Transcript or the equivalent, signed by the parent or guardian, that lists the secondary school courses completed by the applicant and documents the successful completion of a secondary school education; or
A secondary school completion credential for home school (other than a high school diploma or its recognized equivalent) provided for under State law
High School Completion Status

6. High School Completion Status
Recognized Equivalent
General Educational Development (GED) Certificate;
State certificate received by a student after the student has passed a State-authorized examination that the State recognizes as the equivalent of a high school diploma;
Academic transcript of a student who has successfully completed at least a two-year program that is acceptable for full credit toward a bachelor's degree; or
For a person who is seeking enrollment in an educational program that leads to at least an associate degree or its equivalent and has not completed high school but has excelled academically in high school, documentation from the high school that the student excelled academically in high school and documentation from the postsecondary institution that the student has met the formalized, written policies of the postsecondary institution for admitting such students

7. Identity/Statement of Educational Purpose
Appear in person and present to an institutionally authorized individual:
A valid government-issued photo identification (driver’s license, non-driver’s license, or passport); and
A signed statement of educational purpose
Must maintain, an annotated copy of the identification submitted by the applicant that includes:
The date documentation was received; and
The name of the institutionally-authorized individual that obtained the documentation
If unable to appear in person, must provide the institution:
A copy of a valid government-issued photo identification (driver’s license, non-driver’s license, or passport); and
An original notarized statement of educational purpose signed by the applicant

8. V6- Group Household Resources Verification Items
Tax Filers
Household Size
Number in College
Child Support Paid
SNAP
Adjusted Gross Income
U.S. Income Tax Paid
Untaxed IRA Distributions
Untaxed Pensions
IRA Deductions & Payments
Tax-Exempt Interest Income
Education Credits
Other Untaxed Income
Payments to tax-deferred pension and savings plans
Child support received
Housing, food, and other living allowances
Veterans non-educational benefits
Money received or paid on student’s behalf
V6- Group Household Resources Verification Items

9. V6- Group Household Resources Verification Items
Non-Tax Filers
Household size
Number in College
Child Support Paid
Tax-Exempt Interest
Other Untaxed Income
Payments to tax-deferred pensions and savings plans
Child support received
Housing, food, and other living allowances
Veterans non-educational benefits
Money received or paid on student’s behalf

10. V6- Group Household Resources
Non-Tax Filers
W-2 Form needed for each source of employment income AND
Signed statement giving the sources and amounts of the person’s income earned from work not on W-2s and certifying that the person has not filed and is not required to file a tax return

11. 2014-2015 Verification 2015 Tax Matrix Earnings from Work
Wages, Salaries, Tips
Business Income/Loss
Farm Income/Loss
Untaxed Income
Adjusted Gross Income (AGI)
Additional Financial Information
U.S. Income Tax Paid

12. Tax Time!

13. Reminders Verification & Amended Returns
Signed copy of 1040X and
Signed copy of original tax return or IRS transcript (with all data elements)
Federal Means Benefits = Verification of Group Household Resources
$25 Tolerance for dollar amounts
W-2 and/or Schedule C/C-EZ may be needed for tax filers
Do NOT accept IRS Verification of Nonfiling letter prior to June 15, 2016
Must still resolve conflicting information
Verification &

14. Available Resources Federal Student Aid Handbook
Application and Verification Guide
NASFAA Ask Regs Knowledgebase
Institutional Policies and Procedures
IRS Publication

15. Assistant Director of Financial Aid Tarrant County College
Thank You!
Consuela Mitchell
Assistant Director of Financial Aid
Tarrant County College