Verification, once performed entirely by the school, is increasingly a shared effort by the school and the U.S. Department of Education (ED) to ensure that federal student ...
Verification, once performed entirely by the school, is increasingly a shared effort by the school and the U.S. Department of Education (ED) to ensure that federal student aid funds are awarded and paid based on accurate family financial information. A student’s application for federal student aid (the FAFSA®) may be chosen for verification by ED or by the school. The information that must be verified varies by applicant, as, effective for the 2012-13 award year, ED transitioned to a targeted approach that specifies verification of only those items that appear most likely to be in error.
Related terms: Need Analysis; Student Aid Index (SAI)
Verification, once performed entirely by the school, is increasingly a shared effort by the school and the U.S. Department of Education (ED) to ensure that federal student aid funds are awarded and paid based on accurate family financial information. A student’s application for federal student aid (the FAFSA®) may be chosen for verification by ED or by the school. The information that must be verified varies by applicant, as, effective for the 2012-13 award year, ED transitioned to a targeted approach that specifies verification of only those items that appear most likely to be in error.
Related terms: Need Analysis; Student Aid Index (SAI)
See also Subtopics for more specific references.
National Association of Student Financial Aid Administrators (NASFAA)
(Journal of Educational Evaluation and Policy Analysis, AERA)
(Houston Education Research Consortium)
(Educational Policy: An Interdisciplinary Journal of Policy and Practice)
For the 2024-25 award year – FUTURE Act Direct Data Exchange (FA-DDX)
(Effective partially for 2023-24 and 2024-25 award years)
See also Professional Judgment, Dependency status
Also see Applicants selected by ED, IRS Tax Return (when IRS Tax Return Transcript is unavailable)
(For the 2024-25 award year and beyond, this also includes untaxed portions of IRA distributions, untaxed portions of pensions, and Foreign Earned Income Exclusions.)