Students should take FAFSA verification process seriously
Jan 04, 2018 | 886 views | 0 0 comments | 10 10 recommendations | email to a friend | print

Financial Aid Tip of the Month, January 2018

 

Students should take FAFSA verification process seriously

 

The federal government requires many students who submit the Free Application for Federal Student Aid (FAFSA) to verify the information on the FAFSA. The students are chosen by the U.S. Department of Education.

Used to apply for most federal and many state student aid programs, the FAFSA asks detailed questions about the income and resources of students.

Parents are required to provide their information as well if their children are dependent students. Students are considered dependent if they are undergraduate students under 24 years old, not married, have no dependents of their own, are not veterans or were not orphans or wards of the court until age 19.

The college or, in some cases, an agency working with the college will contact students to let them know if their data is being verified.

Students and parents need to take that process seriously, according to KHEAA. Students chosen for verification cannot receive their financial aid until they have completed the process. As soon as they are contacted, they should provide any information that is required. Putting it off will only lead to frustration if the process isn’t finished when classes are ready to start.

If students have decided not to attend a college that asked them for verification, they should let the college know so it will stop requesting information.

KHEAA is a public, non-profit agency established in 1966 to improve students’ access to college. It provides information about financial aid and financial literacy at no cost to students and parents. KHEAA also helps colleges manage their student loan default rates and verify information submitted on the FAFSA. For more information about those services, visit www.kheaa.com.

In addition, KHEAA disburses private Advantage Education Loans for its sister agency, KHESLC. For more information about Advantage Education Loans, visit www.advantageeducationloan.com.

 
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