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Verification of FAFSA Question 57 Award Year LEGALG Form
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financial aid which is a gift and does not have to be repaid; includes grants and scholarships
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People also ask
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Why is my FAFSA selected for verification?
There are a variety of reasons students have their FAFSA selected for verification, including random selection, applying to a college that verifies all students, to protect against identity theft, or most commonly, there was a mistake on your FAFSA that needs fixing.
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What happens if I don't do FAFSA verification?
If a student who is selected for verification does not complete the verification process, then any federal and/or need-based aid (Pell grant, SEOG, Work-Study, Federal Direct loans, certain Scholarships, and institutional aid) will NOT be awarded or disbursed.
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What is the award year for FAFSA?
School year for which financial aid is used to fund a student's education. Generally, this is the 12-month period that begins on July 1 of one year and ends on June 30 of the following year.
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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 if you put false information on FAFSA?
If the student receives federal student aid based on incorrect or fraudulent information, they'll have to pay it back. You may also have to pay fines and fees. If you purposely provide false or misleading information on the FAFSA form, you may be fined up to $20,000, sent to prison, or both.
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How many people get selected for FAFSA verification?
Nearly 25% of all FAFSA applications are selected for a review process called verification. Now you may be wondering; “What does Verification mean? Did I do something wrong when I completed the FAFSA? Am I in trouble?
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What does it mean if my FAFSA is selected for verification?
It's important to remember that being selected for verification doesn't mean that you did anything wrong! Verification is a step toward ensuring you're reporting the most accurate information on your FAFSA to receive the most financial aid possible.
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How many people get selected for FAFSA verification?
About 17% of FAFSA forms were selected for verification during the first three quarters of the 2021-2022 cycle, ing to a 2021 NCAN/National Association of Student Financial Aid Administrators report. The U.S. Department of Education set goals to decrease overall verification rates in recent years.
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