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; Expected Family Contribution (EFC)
See also Subtopics for more specific references.
National Association of Student Financial Aid Administrators (NASFAA)
Source: Journal of Student Financial Aid
Source: Iowa College Aid
Source: Inside Higher Ed
Source: Houston Education Research Consortium
Communication with applicant about required documentation, deadlines, and consequences of failure to comply