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People also ask
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How long does the verification process take for financial aid?
Your file will be reviewed once ALL required documents have been received. The verification review process may take 3-5 weeks especially if corrections have to be made to your application. Additional time may be necessary for processing during peak periods.
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Why was my financial aid selected for verification?
Some FAFSA applications are selected because of inconsistent information, and others are chosen randomly. The Office of Financial Aid will request copies of your (and if a dependent student, your parents') IRS tax return transcript(s) and W-2s, as well as a verification worksheet if you are selected.
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How long does financial aid verification take?
Once all required documents are submitted for verification, the process should take about two to four weeks, depending on the college and the time of year. Your college will notify you when your financial aid package is ready.
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How to avoid FAFSA verification?
A: The best way to avoid being selected for verification is to complete your FAFSA using the IRS Data retrieval tool, if possible. IRS data retrieval isn't an option for every applicant, but this one step will signNowly reduce the likelihood of your application being selected.
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What happens when a student is selected for verification?
Verification is the process that the Department of Education and your college use to confirm that the information reported on your FAFSA was accurate. You will know you were selected for verification if: It's noted directly on your FAFSA Submission Summary, or.
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How many people are selected for FAFSA verification?
FSA announced some good news at its most recent conference: For the current 2021-22 FAFSA cycle, the verification selection rate for all filers was reduced from 22% to 18%. However, the selection rate for Pell Grant-eligible FAFSA filers remains much higher.
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How many students are selected for verification?
In the 2021-2022 academic year, recognizing that the pandemic already created enough burdens for students, their families, and colleges, the Department chose to reduce the percentage of students selected for verification from 18% to 3-4%, targeting only cases of likely fraud.
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What does it mean if your FAFSA is selected for verification?
Verification is the process your school uses to confirm that the data reported on your FAFSA form is accurate. If you're selected for verification, your school will request additional documentation that supports the information you reported. Don't assume you're being accused of doing anything wrong.
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