Verification Policies and Procedures

What is Verification?

Verification is a procedure colleges use to review reported information from the FAFSA Application. Colleges request the submission of documentation to verify the validity of the information the student and/or parent supplied on the FAFSA. Marist Policy is to verify all incoming freshmen in addition to those the Department of Education selects

Please do not send any 2012 tax returns to our office.  Per new federal regulations, if you are selected for Verification, we must receive tax information directly from the IRS and can no longer accept copies of tax returns.  

The Department of Education has enhanced the FAFSA filing process to allow tax data to be retrieved directly from the Internal Revenue Service (IRS). The IRS Data Retrieval Tool will allow the filed 2012 federal tax return data to be uploaded directly to the FAFSA. If you haven’t already done so, we strongly encourage you to use this tool as it is the fastest, most secure way to provide verified tax information.  To obtain a Federal Tax Return Transcript:
Call the IRS at 1-800-908-9946 or
Order a Tax Return Transcript from the IRS Website

 

At Marist, students are expected to review their "Financial Aid Awards" and "Financial Aid Requirements" sections of the myMarist account for the documentation needed to complete the financial aid package. Students who fail to submit the completed documentation two weeks before the semester ends, will forfeit the right to receive any estimated financial aid previously awarded.

Once Student Financial Services receives all the required documentation, the verification process will begin. A financial aid administrator will verify the content supplied on the FAFSA against the actual figures from the tax return(s) and the information provided on the Marist Application for Financial Aid. If necessary, the administrator will make the necessary adjustments which may in turn impact the expected family contribution (EFC) and ultimately the financial aid package. If changes are made which affect the financial aid package, the student is sent an email notification to their Foxmail account. This email will direct the student to review their financial aid award revisions, and to determine any impact this may have on the ability to satisfy their student billing account.

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