How long does the FAFSA verification process take?
How long does the FAFSA verification process take?
How long does the FAFSA verification process take?
How long does the verification process take? Verification processing time is generally two to three weeks during peak season (June-October), and one to two weeks during non-peak season (November-May).
What does it mean if your SAR has been selected for verification?
Verification: If your SAR has been selected for verification, it means that you may have to show additional financial documentation to your college in order to qualify for federal aid.
What triggers FAFSA verification?
Most FAFSAs are selected for verification because of issues involving income and taxes. If a data element is transferred from a federal income tax return to the FAFSA, it is not selected for verification.
How do I complete my FAFSA verification?
Here’s what to do if you’re selected for FAFSA verification.
- Gather your documents. There are five main areas from your FAFSA that you might be asked to verify.
- Fill out your FAFSA verification worksheets.
- Send in your FAFSA verification materials before your deadline.
- Follow up on changes to your financial aid package.
How common is FAFSA verification?
ED selects around 25% of all FAFSA filers for verification. This rate strikes us as surprisingly high, especially in contrast to the less than 2% of federal tax returns selected for audit annually.
What happens if I don’t complete my FAFSA verification?
The department also added more flexibility for families who didn’t file a tax return with the IRS, although nonfiling verification is still required. If a student fails to complete the FAFSA verification process, he or she will end up without federal financial aid.
Why is the SAR important?
The SAR contains important information about financial aid: It summarizes the information you provided when you completed the FAFSA. It includes your Expected Family Contribution (EFC), which colleges use to determine your financial aid package.
What does it mean if you are selected for verification should you be worried if you are selected?
Being selected for verification doesn’t mean you did something wrong. It’s simply the Department of Education’s process of maintaining the integrity of the Federal Student Aid program. Between 15-40% of students are selected for verification every year.
Should you be worried if you are selected for verification?
How do I know if my FAFSA is selected for verification?
You might see a note on your SAR saying you’ve been selected for verification; or your school might contact you to inform you that you’ve been selected. Verification is the process your school uses to confirm that the data reported on your FAFSA form is accurate.
What is the process of verification?
The FDA defines process verification as “confirmation by examination and provision of objective evidence that specified requirements have been fulfilled.”(1) Conversely, the agency defines process validation as “establishing by objective evidence that a process consistently produces a result or product meeting its …