Verification is a process by which the information on your FAFSA is checked for accuracy. If you are selected for verification, you will be required to submit certain documents to the Student Financial Services Office to verify your financial status.
Why was I selected for verification?
There are various reasons why a FAFSA may be selected for the verification process:
- The FAFSA included estimates of federal tax information and the actual information now needs to be confirmed.
- There appears to be inconsistent or unusual data reported on your FAFSA.
- Your FAFSA includes information that is frequently misreported.
- Your FAFSA was selected as a part of a random process used to sample how accurately families fill out the application.
What happens if I am selected?
If you are selected for verification, you will be notified by email at your MyMTC email address. We will indicate the documentation you need to provide. You can bring your documents in to the Student Financial Services office or send them by mail.
All forms that are being requested of you as a part of the verification process may be found on our forms page.
Submitting Tax Information
If you are selected for verification, we are required to verify accuracy of the tax data submitted, therefore you will need to use the IRS Data Retrieval Tool or submit an IRS Tax Transcript or a signed Federal Tax Return (1040 Form). We recommend that you update your FAFSA by using the IRS Data Retrieval Tool to electronically transfer your tax information into your FAFSA. Check out this video that walks you through the process, or view these step-by-step instructions on how to use the IRS Data Retrieval Tool and how to obtain an IRS Tax Transcript.
Prerequisites for using the IRS Data Retrieval Option
- You must have filed a federal tax return with the IRS (allow 2-3 weeks for availability if you filed electronically, or 8-10 weeks if you filed a paper return.)
- You must have a valid social security number
- You must have a Federal Student Aid FSA ID
You cannot use the IRS Data Retrieval Option if:
- Your marital status changes after December 31
- You and your spouse filed separate tax returns
- You are a parent of a dependent student who filed a separate return
- You filed an amended return
- You filed a foreign tax return
Obtain an IRS Tax Transcript
Personal copies of tax returns are not accepted, so if you are not eligible or choose not to use the IRS Data Retrieval Tool, you’ll need to get a tax transcript from the IRS. Get instructions for how to request a tax transcript.
Non-tax filers may request a Verification of Non-filing Letter from the Internal Revenue Service by completing Form 4506-T, request for transcript of Tax Return, and mail it to the address indicated on the form or fax it to the number indicated. Form 4506-T is available on our forms page.
What is the deadline for submitting financial aid?
The priority deadline to submit the Free Application for Federal Student Aid (FAFSA) is April 15th for the Fall term and November 15th for the Spring term. We encourage you to apply as soon as your taxes are completed due to some funds being limited and awarded based on eligibility criteria and the FAFSA submission date.