FAFSA FAFSA Verification Process 1

Question 1

What is FAFSA verification?

Accepted Answer

A process schools use to confirm the accuracy of FAFSA information

Answer

Verification is a process where schools confirm the accuracy of FAFSA data by requesting supporting documentation from students.

Question 2

Who selects students for FAFSA verification?

Accepted Answer

The Department of Education and/or the school

Answer

Students can be selected for verification by the U.S. Department of Education or by the institution itself.

Question 3

What does the asterisk (*) next to a student's EFC/SAI on their Student Aid Report (SAR) indicate?

Accepted Answer

They have been selected for verification

Answer

An asterisk (*) on the SAR next to the SAI indicates the student has been selected for federal verification.

Question 4

Which document is commonly requested during FAFSA verification?

Accepted Answer

Federal tax return or IRS tax transcript

Answer

Schools commonly request federal tax transcripts or IRS tax return information to verify the income data reported on FAFSA.

Question 5

What happens to a student's financial aid if they fail to complete verification by the deadline?

Accepted Answer

Aid cannot be disbursed until verification is complete or they may lose aid

Answer

If a student does not complete verification, the school cannot disburse federal financial aid, and the student may lose eligibility.

FAFSA Practice Test