Why was my FAFSA selected for verification?

Why was my FAFSA selected for verification?

Most FAFSAs are selected for verification because of issues involving income and taxes. If a data element is transferred from a federal income tax return to the FAFSA, it is not selected for verification.

What does it mean when your FAFSA is processed successfully?

Student Aid Report
Once your FAFSA form is successfully processed, you’ll receive a Student Aid Report (SAR). Financial Aid Award Letters contain school-specific information about how your federal aid eligibility compares with the cost of attendance (COA) and other forms of aid that might be available at that particular school.

How does FAFSA verify income?

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).

How do you know if your financial aid was approved?

Your FAFSA status can be found on the “My FAFSA” page, which displays immediately after you log in if you have already started or completed a FAFSA form. To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school.

How much money do you get from FAFSA?

The amount of money you can get by filing the Free Application for Federal Student Aid (FAFSA) depends on your financial need. But, the maximum amount can be in the low tens of thousands of dollars per year. Average amounts are about $9,000, with less than half of that in the form of grants.

Do I make too much money to qualify for FAFSA?

One of the biggest myths about financial aid is that you shouldn’t apply if your family makes too much money. But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid.