The federal government requires schools participating in federal aid programs to verify the consistency and accuracy of data submitted on the FAFSA’s they receive.  Schools must verify at least 30% of the applications they receive.  The U. S. Department of Education randomly chooses the applications to be verified, but schools can also choose applications based on their own criteria.

If your FAFSA is chosen for verification you will be asked to submit a copy of an IRS Tax Return Transcript. You will also be asked to complete a Verification Worksheet which contains information the school must verify that is not included on your tax forms.  You may also be asked to submit other documents if there are inconsistencies between the documents you submit and your FAFSA application.

If NEO finds that mistakes were made on your FAFSA application, we will submit a correction to the federal processor.  The correction may change your Expected Family Contribution (EFC) and consequently change your eligibility for some types of aid.

Verification is not optional.  When you sign your FAFSA you agree to submit any documents that your school may require to verify the accuracy of your application.  No financial aid can be paid to you until the verification process is complete so it is important to turn in any requested documents promptly.

NOTE: Beginning with the 2012-2013 award year, a copy of your federal 1040 tax return will no longer be considered acceptable documentation for verification of income.  Students will need to obtain an IRS Tax Return Transcript directly from the IRS.  Click the link below for instructions on how to get a Tax Transcript.

Tax Transcript Instructions