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Financial Aid : Day : Verification Process

A random selection of Indiana Tech's financial aid student population is chosen every year by the Department of Education for a process called verification. This requires the financial aid office to request a copy of the student's and parent's (unless considered independent by the FAFSA) 2007 Federal Tax Return and W-2s, as well as the 2008-2009 Verification Worksheet and supporting documentation to assist us in verifying FAFSA data. If you are an independent student, a signed copy of both the student and spouse's tax information will be requested.

When all required documentation has been received, the submitted tax information will be compared against the reported tax information on the FAFSA. Any discrepancies will be reported back to the Department of Education and could change the original results of the FAFSA and your original aid offer. A revised package will be sent notifying you of this change.

In some cases a student and/or their parent(s) may report that they made little or no income and were not required to file a tax return. In this instance, the financial aid office will require the completion of the Clarification of 2007 Income form. If this form is required to complete the verification, it will be mailed to the student and/or parent.

Documentation Timeline: All documents must be received within two weeks of request but no later than the last date of attendance!

Until all documentation has been received and the information verified, funds will not be released to the student's account.

Verification documents needed for DEPENDENT students:

• Student's 2007 Federal Tax Return
• Student's W-2's
• Parent's 2007 Federal Tax Return
• Parent's W-2's
• Dependent Verification Worksheet
• Other documentation as requested by aid office

Verification documents needed for INDEPENDENT students:

• Student's 2007 Federal Tax Return
• Student's W-2's
• Spouse's 2007 Federal Tax Return
• Spouse's W-2's
• Independent Verification Worksheet
• Other documentation as requested by aid office