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Federal Verification Process
The What, Where and Why's of Federal Verification
What does Federal Verification mean?
Federal Verification of your FAFSA form means that the College must compare your family's federal tax returns and other documents to information reported on your FAFSA. Federal aid cannot be disbursed to your account before the verification process is complete.
Processing usually takes two to three weeks, but it can take longer during the peak season. Because verification must be completed in advance of disbursing any money from any financial aid program, it is vital to send complete and correct information as quickly as possible. Please note it is important to comply with deadlines if you want your financial aid credited to your student bill.
Why is your file being verified?
There are several possibilities for being selected for verification. The following are the most common reasons for being selected:
- You were selected randomly.
- The FAFSA application has incomplete data.
- The data on the FAFSA application appears to contradict itself.
- The FAFSA application has estimated information on it.
How will I be notified and what needs to be done after the selection?
Your Student Aid Report (SAR) will list any comments regarding the information you reported on your FAFSA. This comment section will indicate to you if your FAFSA has been selected for verification.
Please send a copy of requested documentation to the Center for Student Services:
Marymount Manhattan College
221 East 71 Street
New York, New York 10021
Or
FAX directly to our office at 212-517-0491
What happens if there are discrepancies in the application?
After you turn in all required documents, the Financial Aid Office will compare them with your FAFSA. If errors are found, corrections will be made. If the errors are significant enough to change the amount of financial aid that you were awarded, the Financial Aid Office will send you a revised award letter showing changes in the amounts. Please note you can monitor changes in your status by accessing your MMC Connect account.
What if I do not supply the verification documentation?
Federal regulation prohibits the disbursement of certain federal financial aid prior to the completion of the verification process. Federal aid programs affected include, but are not limited to: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Work-Study, and Federal Direct Stafford Subsidized Loans. MMC financial grants also follow this process.
Although Federal guidelines allow for students to complete verification up to 120 days after the last date of enrollment, Marymount Manhattan College is allowed to set its own deadlines. We extend temporary credit for aid pending verification up until October of the Fall semester. If you have not submitted all requested documents by that time period the temporary credit will expire. From this point, your aid will only be reinstated once all requested documents are submitted and verification has been completed.
MMC Verification Deadlines,
Fall 2012 semester October 12th 2012
Spring 2013 semester March 1, 2013
FEDERAL VERIFICATION WORKSHEETS
Students selected for verification must complete and return a federal verification worksheet. Please attach signed copies of student and parent (if dependent by federal guidelines) IRS tax Transcripts to the Verification worksheet. Please make sure both you and your parent have signed the bottom of each return.
You can request a copy of your IRS Tax Transcript using one of the options below:
- Call 1-800-908-9946 – use the automated system to request a 2011 Tax Transcript. You can expect to get your transcript within 10 days from the date of your request.
- Go to www.irs.gov and click on "Order a return or Account Transcript. Under box #3 click on Order a Transcript. Provide information for the Primary Taxpayer listed on the tax return:
Social Security #
Date of Birth
Street
Zip code
Click continue and select:
Type of Transcript: Return Transcript
Tax year: 2011 (for 2012-2013 academic year)
You will get your transcript within 10 days from the date of your electronic request.
- You can have your tax transcript sent directly to Marymount Manhattan College. Complete and sign IRS tax form 4506-T. You can obtain the form at www.irs.gov. The college will receive your transcript within 10 days from the date the IRS receives your signed request.
INSTITUTIONAL FORMS
Marymount Manhattan College MAY require students to complete supplement forms to further clarify the information on a student's FAFSA
2012 - 2013 Family and Income Expense Breakdown Dependent Student
2012 - 2013 Independent Certification Form
2012 - 2013 Asset Verification Worksheet
Non Tax Filing Certification
Signature Acknowledgment Form
RECONSIDERATION
Marymount Manhattan College understands that families may be experiencing financial hardship or have extenuating circumstances they would like reviewed in addition to the reported information on the FAFSA. Please review the form and decide which situation is relevant to your circumstances. Submit all the requested information on the reconsideration form and return the completed form to the Center for Student Services. We will make every effort to review the information timely. You can prevent delays by ensuring that the Reconsideration Form is completed and all the required information is included. A Free Application for Federal Student Aid (FAFSA) must be filed and processed before a review for reconsideration can be completed. You will be notified in writing once the review is completed.
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