Verification is the process used to check the accuracy of the information reported on the FAFSA. The federal processor randomly selects applications for verification. Typically about 20% of our applicants are selected to be verified.
You must retrieve your IRS data using either the IRS Data Retrieval Tool through FAFSA or by submitting an IRS Tax Return Transcript obtained through the IRS "Get Transcript" website. For fall 18/spring 19, request 2016 Tax Return Transcript. For fall 19/spring 20, request 2017 Tax Return Transcript.
Verification must be completed before your financial aid can be applied to your student account and no later than the end of the first semester of enrollment for the academic school year. If verification is not completed by then, all academic year federal, state, and need-based Puget Sound aid will be canceled. Many sources of financial aid have limited funding. You are encouraged to complete verification by May 15, 2019 for the 2019-20 school year in order to have access to as many sources of funding as possible.
YES! If the information on your FAFSA is different than the information on your U.S. income tax return and Verification Worksheet, your aid could be affected. You will be notified with a revised award letter if a change in eligibility occurred as the result of the verification process.