If your student has submitted the FAFSA, you might have come across the term “verification” and wondered what it means, and whether it’s something you should worry about. The good news is that it’s a normal part of the financial aid process, and it doesn’t mean you did anything wrong. Here’s a simple guide for parents to help understand what verification is and how to handle it.
What Is FAFSA Verification?
Verification is a process used to confirm the accuracy of the information on the FAFSA. Each year, approximately 25% of FAFSA forms are selected, sometimes at random and other times because certain data points need closer review. There are even some colleges that verify all applicants’ FAFSA forms. So, don’t automatically assume you did something wrong. Sometimes there is no reason other than you were chosen at random. If verification is required of your student, all you need to do is provide the documentation asked for by the given deadline.
During verification, the documents commonly requested are ones that support your FAFSA information, such as:
- Tax returns (student and parents)
- W-2 forms or other proof of income
- Bank account or investment statements
- Household size and number of family members in college
For students who completed the CSS Profile, colleges may use IDOC (Institutional Documentation Service) to collect and track documents. IDOC allows families to submit their information securely online, which the College Board then shares with all participating schools. You can read all about IDOC here!
Tips for Responding to Verification Requests
Stay alert. Check your student’s email, FAFSA account, and college portals weekly for messages requesting documentation.
Provide requested documents promptly. Responding quickly helps avoid delays in processing your student’s financial aid. Some colleges may even provide a deadline.
Check for mistakes or missing information. If you notice any FAFSA mistakes, correct it immediately, as verification is also a chance to fix any mistakes.
Keep copies of everything. Always save copies of tax returns, W-2s, and any other documents you submit. You may need them for future reference.
Why Verification Matters
Completing verification accurately and by the provided deadline ensures your student receives the maximum amount of financial aid they’re eligible for. Failing to respond can result in delayed aid or even loss of certain grants or scholarships.
Final Tips for Parents
- Don’t get upset. Treat verification as a normal and manageable part of the process.
- Look closely at the request and understand exactly what type of documentation is required. If you do not understand, contact the financial aid office immediately for further clarification.
- Stay organized and respond promptly.
- Keep copies of everything you submit.
Verification may seem intimidating at first, but with careful attention and organization, it’s a straightforward step toward securing your student’s financial aid. Once completed, you can breathe a little easier knowing your student’s aid is on track and they will receive the max amount of financial aid possible.
More about Jodi Okun of College Financial Aid Advisors
Jodi helps with the financial aid process, from completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.