Verification

Verification is a process to confirm that the information provided on the FAFSA is accurate. Each year, the federal government randomly selects students submitting the FAFSA for Verification, based upon a criteria established by the Department of Education.   PSU reserves the right to select students for Verification, as well, if discrepant information is identified.   Verification ensures that the information students and parents report is accurate. Verification prevents ineligible students from receiving aid by reporting false information and ensures that eligible students receive all of the aid for which they are qualified.

IMPORTANT: NO federal, state or need-based institutional financial aid will be paid for students selected for Verification until the process is completed, discrepancies are resolved, and the necessary corrections are submitted and processed by PSU.   PSU requires all students/families to complete Verification four (4) weeks prior to the end of the term for which aid is requested.

If selected for Verification by the U.S. Department of Education or by PSU, you will receive an email from the PSU Financial Aid Team indicating the need for additional documentation.  Any FAFSA selected for Verification will require use of the IRS Data Retrieval Tool or an official IRS Tax Return Transcript to satisfy federal Verification requirements.  Copies of all W2′s may also need to be provided.   Therefore, when completing your FAFSA form, if your family’s taxes have been filed with the IRS, we strongly encourage you to select the IRS Data Retrieval option.  If you submit your IRS tax return after completing the FAFSA form, please log back into your FAFSA and use the IRS Data Retrieval option approximately 1-2 weeks after submitting your IRS return.  If unable to use the IRS Data Retrieval, official Tax Return Transcripts may be obtained by visiting the www.IRS.gov, by calling 1-800-908-9946, or by mailing a 4506-T form to the IRS.

Other information may be requested to meet Federal Verification Regulation requirements. If selected for Verification, the financial award is subject to change based on the results of the Verification process.

Guidelines for students completing the Verification process:

  • Carefully observe Verification deadlines.  PSU requires all students/families to complete Verification four (4) weeks prior to the end of the term for which aid is requested.
  • Complete all sections of the Verification Worksheet fully.
  • Submit copies of all requested documents.
  • Include student name on all requested documents.
  • Keep copies of all documents submitted during the Verification process.
  • Frequently check your PSU email as well as any “Action Required” in the Financial Aid section of your myPlymouth to see if any additional documents have been requested, or if any documents have been listed as incomplete.
  • Save valuable time – direct any questions to the PSU Financial Aid Team.

Deadline for completing the Verification process:
If selected, the deadline for a student to complete the Verification process is four (4) weeks prior to the end of the term for which aid is requested..


Failure to complete the Verification process:

All students selected for Verification at any time while being enrolled in an award year must complete Verification in order to establish or maintain eligibility for federal aid funds.  For example, a student that has received federal aid based upon a FAFSA that was not originally selected for Verification may have their FAFSA selected for Verification later on in the award year.  A student in this situation may not receive any further disbursement of federal aid during the award year in question until the Verification process is completed.  If Verification is completed and it does not justify all or part of an award that was already disbursed to a student during the award year, Plymouth State University will return any amount of federal, state, or PSU need-based funds for which the student is no longer eligible back to the appropriate programs.  This may result in a balance owed to the university.  If Verification is not completed by the Verification deadline (four weeks prior to the end of the term for which aid was awarded), PSU will be required to cancel all of the federal, state, or PSU need-based funds the student received.  Again, this may create a balance owed to the University.

April 7th, 2014 by Eric

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