When completing any type of form mistakes occur and the FAFSA is no different. The Department of Education (DOE) understands and randomly selects a percentage of applications through the FAFSA Central Processing System (CPS) in the process known as verification.
Verification requires schools to request from the applicant, documents and/or information and compare it to FAFSA data. If everything matches, verification is complete and the student's financial aid application is prepared for awarding financial aid based on the student's eligibility or EFC.
If corrections are needed to income data the student can do it directly through the IRS Data Retrieval option at fafsa.govamp;#160;and no Tax Transcript is needed by the school. This expedites the process. Corrections are processed at the FAFSA Central Processing System (CPS) and a new EFC is sent to the school and used to complete the application and award financial aid.
How many of A&M University-Commerce student financial aid applications are selected in any one year? In the 2011-2012 year over 50% of the applications were selected.
In the 2012-2013 year, as of April 2012, 73% of the applications of incoming freshman with an EFC of 0 have been selected. As FAFSAs come in, the percentage will increase.
Steps to Verification
Step 1: Verifying Income Information
If you and your parent(s), electronically filed your 2011 income tax return at least 10 working days earlier from when you receive our notice, return to your 2012-2013 FAFSA and select the IRS Data Retrieval option. This will retrieve the data from the IRS directly to your FAFSA. When done, submit the FAFSA and your end is complete.
If you are not able to use the IRS Data Retrieval option, you will need to request from the IRS a Tax Transcript for 2011. Request the Tax Transcript online at the IRS Website. Follow the 1,2,3 step process and when you receive your Tax Transcript(s), send them to our office at FAO.Web@tamuc.edu or fax them to 903-886-5098.
If you did not file a 2011 income tax return but reported wages for work, you will need to request from the IRS a Tax Transcript AND submit copies of all W2 statements.
Always! include your Campus Wide Identification number (CWID) when sending any and all documents to our office.
Step 2: Verifying No Tax Return Filed
If the parent(s) and/or student indicates on the FAFSA that they did not file a tax return. Our office must verify that a tax return was not filed by parent(s) and/or student.
Dependent Students:complete the No Tax Return Verification Form-Dependent
Independent Students: complete the No Tax Return Verification Form-Independent
Step 3: Verifying Family Size and Number in College
Dependent Students:complete the Dependent Family Size Verification Form.
Independent Students:complete the Independent Family Size Verification Form.
Step 4: Verifying Child Support Paid and/or Receipt of Food Stamp Benefits (SNAP) in 2010 or 2011 ONLY if we request the information from you. Verifying Child Support Paid complete the Child Support Paid Verification Form.
Verifying Receipt of Food Stamp Benefits (SNAP) request a Benefit Statement from the appropriate agency showing the food stamp benefits you received in 2010 and/or 2011.