Income Verification Form Financial Aid

Your parent s can request a 2018 wage and income transcript from the irs by printing and completing the irs form 4506 t from the irs website.

Income verification form financial aid. Before your financial aid could be awarded we must verify the information you and your parents reported on your fafsa. Therefore complete all sections of this worksheet sign and submit it to the office of financial aid. The best way to verify income is by using the irs data retrieval tool irs drt that is part of fafsa. The financial aid office is here to help you throughout the academic year.

Your 2020 2021 free application of for federal student aid fafsa was selected for a process called verification. About 30 of all fafsa filers are selected for the verification process. Financial aid student income verification form 2019 2020 instructions. Verification is intended to improve the accuracy of the information submitted on the fafsa.

If you are selected for verification you are not alone. Income verification form for tax filers a signed copy of your federal income tax return or an irs return transcript. Enter your 10 digit asu id number on line 5 customer file number. Advisors are available via phone by calling 716 645 8232 or through our contact us form please call or email us if you have any questions about your applications or eligibility for financial aid.

Tax and income information is primarily reviewed though the department of education may ask for other information as well. The federal processor or the school may select items to be verified. If selected the verification process must be completed before financial aid can be awarded. During verification the college financial aid administrator will ask the applicant to supply copies of documentation such as income tax returns w 2 statements and 1099 forms to verify the data that was submitted on the free application for federal student aid fafsa.

For non tax filers with earned income all w 2 forms for two years prior. If you are unable to use the irs drt please provide a signed copy of your 2019 income tax return that was submitted to the irs. You may also submit a copy of your irs tax return transcript for the 2019 income tax year. Please use the tips below to complete the 4506 t.

Verification is a process by which the financial aid office confirms your eligibility by verifying certain data elements that are key to assessing your financial need.