FASFA Verification Policy

The verification process is the way in which a college must confirm that the information listed on the Free Application for Federal Student Aid (FAFSA) is accurate and ensures that eligible students receive all the federal financial aid to which they are entitled. If you are selected for Verification, you must complete the process in its entirety before your FAFSA is considered to be complete. Not everyone’s FAFSA is verified, but being selected does not mean you’ve done anything wrong in the application process.

 

How do I know if I was selected for Verification?

If you are selected for Verification by the federal processor, there will be an asterisk next to your Student Aid Index (SAI) on your FAFSA Submission Summary. A note will also be included in your FAFSA Submission Summary indicating you have been selected for verification. Additionally, LVC will notify each student regarding their selection via a missing information email sent to the students email address. Required materials will be listed on the Financial Aid Required Documents page on AccessLVC. LVC reserves the right to select applicants based on discrepant or incomplete information reported on the FAFSA.

 

How do I complete Verification?

In order to complete Verification, you must submit all of the required documents that are listed. Please contact the Financial Aid Office with any questions on requirements to complete verification. Please note that Verification cannot be completed until all required paperwork has been submitted.

It is your responsibility to provide copies of any requirements to the Financial Aid Office.

Remember: Do not mail your documentation to the Department of Education. Submit everything directly to the Financial Aid Office.

Individuals who either have amended their taxes or are victims of tax-related identity theft are required to submit additional documentation (see below).

 

What happens to the documents that I send to the Financial Aid Office?

Documents that you send to the Financial Aid Office for verification are reviewed and stored with your financial aid file in a secure location. If any information is missing, you will receive a missing information email directing you to Required Documents on MYLVC. If you believe you received a missing information email in error (i.e. you previously sent an item that is listed as missing), please contact the Financial Aid Office to follow up regarding that document.

The Financial Aid Office will use the documents you submit to confirm that the information you and your parents provided on the FAFSA is correct. Any errors and/or omissions will be corrected by LVC and resubmitted to the FAFSA Processing System (FPS). You and LVC will be notified electronically of any corrections to your FAFSA through a subsequent FAFSA transaction. Your financial aid eligibility may change based on corrections made to your FAFSA. If this is the case, you will be notified within 7-10 days after Verification by the Financial Aid Office through either:

  1. A financial aid offer letter, if you have not yet received one for the academic year under review.
  2. A letter and/or a revised financial aid offer letter if you’ve already received your initial estimated aid offer.

 

Am I eligible for financial aid if I do not complete Verification?

If you do not complete Verification, you are not eligible for any need-based institutional or federal aid (i.e. LVC Need-Based Grant, Federal Pell Grant, Federal Direct Subsidized/Unsubsidized Loan, Federal Direct PLUS Loan, etc.). If you receive one of the LVC’s merit scholarships (Board of Trustees, Presidential, Dean’s, Alfred Tennyson Sumner, or Mary A. Weiss) and you do not complete Verification, you are still eligible to receive this award. However, you must notify the Financial Aid Office that you will not be completing Verification in order for the award to be credited to your student account.

 

When do I need to complete the Verification?

Verification must be complete prior to crediting financial aid to your student account. Therefore, failure to complete Verification in a timely manner may result in the loss of financial aid eligibility.

The final deadline to submit verification documents in order to receive financial aid for the fall semester is December 1 and the final deadline to submit verification documents in order to receive financial aid for the spring semester is May 1. Financial aid cannot be processed for those semesters if Verification is not completed before the respective deadlines.

 

What if I am a victim of tax-related identity theft?

A victim of identity theft will be unable to use Federal Taxpayer Information (FTI). Therefore, to replace this requirement, the identity theft victim must instead submit a copy of the Tax Return Data Base View (TRDBV) transcript, which can be obtained by calling the IRS Identity Protection Specialized Unit (IPSU) at 1-800-908-4490.

Once the tax filer’s identity is authenticated, he/she can request a TRDBV. We realize obtaining the TRDBV may be delayed until the identity authentication is resolved and will work with victims of identity theft as best as we are able. Please be aware that LVC has no ability to expedite this process with the IRS.

In addition to a copy of the TRDBV for the identity theft victim, this person must also submit a statement signed and dated by the tax filer indicating that he or she was a victim of IRS tax-related identity theft and that the IRS has been made aware of the tax-related identity theft.

 

What if I amended my taxes?

If you were selected for Verification and either you or your parents amended your taxes, you will need to submit the following documentation in addition to the standard documents required for Verification:

  • An IRS Tax Return Transcript that includes information from the original tax return OR any other IRS tax transcript that includes all income and tax information from the original tax return required for verification (neither of which has to be signed).
  • A signed copy of the IRS Form 1040X that was filed with the IRS.

 

PHEAA Income Validation Review

In addition to completing Verification through LVC, you may be required to complete a similar verification through PHEAA called Income Validation Review, which is completely separate from the College’s verification process. If you are required to complete PHEAA’s review process, you will be notified by PHEAA and you must submit all required documents directly to them. You may contact PHEAA directly by creating an online account through Account Access at pheaa.org or 1-800-692-7392 regarding any questions about the Income Validation Review.

 

Referrals to the Office of Inspector General

If the Financial Aid Office suspects that a student, employee, or other individual has misreported information or altered documentation to fraudulently obtain federal funds, the office will report its suspicions and provide any evidence to the Office of Inspector General of the US Department of Education.