Dependent Student Verification Reference Sheet

Transcription

1 Dependent Student Verification Reference Sheet Keep for your Records - Do not Send P.O. Box Kenilworth St. Greensboro, NC Phone: Fax: finaid@uncg.edu ϫ h9p://fia.uncg.edu Federal School Code: VERIFICATION: A process mandated by the U.S. Department of Educaon requiring schools to verify self-reported data provided on the FAFSA to ensure its accuracy. NOTE: Verificaon is intended to ensure that students receive the maximum aid for which they are eligible, NOT because fraud or misrepresentaon is suspected. WHY was your file selected? Because the FAFSA applicaon has esmated informaon, primary quesons were le) blank, or there seems to be conflicng data. WHAT do I do if I am selected? The UNCG Financial Aid Office will nofy the student (not the parent) via UNCG with informaon on compleng the process. COMMON DOCUMENTS INCLUDE (Note: type of documents required will vary from school to school): Compleon of the Verificaon Worksheet Updated FAFSA indicang use of IRS Data Retrieval Tool or IRS Tax RETURN Transcript IRS Data Retrieval Tool (Available for the current tax year in early February) Allows most on-line FAFSA filers to pull their tax data directly from the Internal Revenue Service to auto-fill the tax poron of the FAFSA May allow for faster processing me during the verificaon process How to Obtain a Tax RETURN Transcript from the IRS You or your parent(s) can immediately access a Tax Return Transcript, Wage and Income Transcripts or a Verificaon of Non-filing Le9er. The "Verificaon of Non- Filing" le9er provides proof from the IRS that you did not file a return for the year you have selected. *Here is the direct link: h9p:// WHAT happens after I submit my information? Once you begin submi?ng documentaon the Financial Aid Office will: 1. Review the documents to be sure they are complete. This can take two to three weeks depending upon the volume of all student paperwork being submi9ed. 2. If the documents are incomplete (missing signatures, quesons are le) blank, etc.) we will request that the documents be resubmi9ed with the informaon necessary to make them complete. NOTE: Each me you have to resubmit informaon the process starts over. Because processing can take two to three weeks you need to be sure your documents are COMPLETE when you first submit them. 3. Once all documents are complete, the Financial Aid Office will review the informaon and compare it with the informaon reported on the FAFSA. 4. During the review, if the informaon submi9ed raises addional quesons for which we need clarificaon, we may ask for more documentaon. NOTE: If you have to submit addional informaon the process starts over so respond to these requests as quickly as possible. WHAT happens if there are discrepancies in the application? If discrepancies are found, the Financial Aid Office will make correcons to your FAFSA. If the correcons lead to a change in your eligibility, the Financial Aid Office will revise your award and send an to your UNCG account le?ng you know that changes have been made. HOW can verification affect my bill? Financial Aid will only be awarded once the Verificaon process is complete. Without an award there will be no financial aid reflected on your billing statement to reduce the balance due, making you responsible for the enre balance owed for the semester. Contact the Cashiers Office at (336) with billing quesons. UNCG Address Your UNCG is the primary means by which the FAO will communicate requests for informaon. Be sure to check it o)en. Also be sure all mailing and other addresses are current. You can update this informaon via UNCGenie. NOTE: We only send requests for informaon to the student, NOT the parent. UNCGenie: UNCG s electronic network, accessed through UNCG s Home page at you must have your Student ID Number & UNCG PIN You can check: 1. Financial aid award informaon 2. Outstanding financial aid requirements by going to the Eligibility link 3. Locked hours for Sasfactory Academic Progress and your current SAP standing 4. Student account informaon through the UNCGenie Student Account Center including financial aid that has paid to your account and/or your balance due Privacy: We do not give student specific informaon without BOTH the student s University ID and PIN. We do not give parent specific informaon to the student without wri9en consent from the parent. OTHER FINANCIAL AID NOTES: When am I considered independent for financial aid purposes? When you can answer yes to one of the following questions: 1. Were you born before January 1, 1993? 2. As of today, are you married? (Also answer Yes if you are separated but not divorced) 3. At the beginning of the school year, will you be working on a master s or doctorate program (an MA, MBA, MD, JD, PhD, EdD, graduate cerficate, etc)? 4. Are you currently serving on acve duty in the US Armed Forces for purposes other than training? 5. Are you a veteran of the US Armed Forces? 6. Do you have children who will receive more than half of their support from you between July 1, 2016 and June 30, 2017? 7. Do you have dependents (other than your children or spouse) who live with and who receive more than half of their support from you, now through June 30, 2017? 8. At any me since you turned age 13, were both your parents deceased, were you in foster care or were you a dependent or ward of the court? 9. As determined by a court in your state of legal residence, are you or were you an emancipated minor? 10. As determined by a court in your state of legal residence, are you or were you in legal guardianship? 11. At any me on or a)er July 1, 2015, did your high school or school district homeless liaison or the director of an emergency shelter or transional housing program funded by the US Department of Housing and Urban Development determine that you were an unaccompanied youth who was homeless? 12. At any me on or a)er July 1, 2015, did the director of a runaway or homeless youth basic center or transional living program determine you were an unaccompanied youth who was homeless or were self-supporng and at risk of being homeless? 13) At any me on or a)er July 1, 2015, did the director of a runaway or homeless youth basic center or transional living program determine that you were an unaccompanied youth who was homeless or were self-supporng and at risk of being homeless? Information Page 16DepVeriWorksheet; 12/11/15

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3 DEPENDENT STUDENT VERIFICATION WKSHEET PART ONE: STUDENT INFMATION P.O. Box Kenilworth St. Greensboro, NC Phone: Fax: ϫ h9p://fia.uncg.edu Federal School Code: Student Name: Student ID: Last First Middle Telephone: ( ) Completing the Verification Worksheet Complete all secons. Do not leave blanks. You will not receive financial aid unl Verificaon is complete. Requests for informaon are sent via UNCG ONLY to the student, not the parent. All documentaon must be submi9ed within 20 business days from the date of noficaon. SECTION A HOUSEHOLD INFMATION: List the members of your household. Attach a separate sheet if necessary. DEPENDENT students include: Yourself, your parents/step-parent (if your parent is remarried you must include your step-parent), other children, siblings, individuals who live with and receive more than half of their support from your parents, now through June 30, Name Age Relaonship to Student A4ending college at least 1/2 me during ? YES or NO NAME of College and College Grade Level in : FR: Freshman, SO: Sophomore, JR: Junior, SR: Senior, GR: Grad student Name of College Grade Level * Dependent students cannot include parent(s) in the number in college on the FAFSA. SECTION B STUDENT WAGE & INCOME TAX INFMATION 1. Did you, the student, file or will you file a Federal Tax Return in 2015? I filed or will file a Federal Tax Return in IF YOU FILED WILL FILE you will need to: Use the IRS Data Retrieval Tool to transfer tax data directly from the IRS to the FAFSA. Submit a copy of your IRS Tax RETURN Transcript to the UNCG Financial Aid Office. SECTION C STUDENT ASSET INFMATION I will not file and not required to file a 2015 Federal Income Tax Return. IF YOU WILL NOT FILE Did you, the student, earn any income from any source in 2015? If you earned income in 2015 THEN......List your earnings and submit ALL 2015 W-2s with this worksheet. I did not earn income in NOTE: If you did not file taxes, the requirement for a tax return transcript will be updated and waived in your UNCGenie student requirements in 1-2 weeks. Employer s Name: Earnings in 2015: Employer s Name: Earnings in 2015: STUDENT DO NOT LEAVE BLANKS: Enter 0 or N/A 1. Student s total balance of cash, savings, checking as of the day you filed your FAFSA. 2. Student s Net worth* of investments as of the day you filed your FAFSA. DO NOT include the home you live in or rerement funds (ex. 401k, pensions, IRA s, etc.). DO include rental property/other real estate, trust/money market/mutual funds, cerficates of deposit, stocks, bonds, educaon savings accounts (ex. Coverdell, 529 plan). 3. Student s Net worth* of business and/or farm investments as of the day you filed your FAFSA. DO NOT include the value of a small business with 100 or fewer full-me employees. For businesses with more than 100 employees, DO include the market value of land, buildings, machinery, equipment, and inventory. NOTE: * Investment Net worth = Investment Value minus Investment Debt (debt related to the investment) Page 1 of 4 16DepVeriWorksheet;

4 Student Name: Student ID: SECTION D STUDENT ADDITIONAL INFMATION 1. Child support, that you the student, PAID because of divorce, separaon, or legal requirement in You may need to submit documentaon of child support paid for ALL children included in the household size from January 2015 thru December (NOT 2016) STUDENT DO NOT LEAVE BLANKS: Instead enter 0 or N/A 2. Taxable earnings from need-based employment programs (i.e. Federal Work-Study). 3. Taxable grant & scholarship aid INCLUDED ON YOUR TAX RETURN in the adjusted gross income. You can find this amount reported on the line entled Wages on your federal tax return. It will be noted with SCH 4. Combat pay reported in your AGI. If yes, please submit a copy of your 2015 W-2 Form. 5. Any amount(s) listed on your 2015 W-2(s) in box 12a to 12d. Only report the amount with codes D,E,F,G,H, & S. Do not report an amount for this queson if code is DD. (This figure is the cost of your health insurance benefit and is not reported on your FAFSA) 6. Child support RECEIVED for ALL children from January 2015 thru December (NOT 2016) Do not include foster care or adopon payments. You may need to submit documentaon of child support received for ALL children included in the household size from January 2015 thru December (NOT 2016) 7. Housing, food, and/or living allowances paid to members of military, clergy, and others. Include cash payments and cash value of benefits but NOT the value of on-base military housing or basic military allowance for housing. 8. Veterans Non-Educaonal benefits such as disability, death pension, or dependency & indemnity compensaon and/or VA Educaonal Work-Study allowances. 9. Other untaxed income not reported elsewhere. DO include worker s compensaon, disability benefits, interest income on educaonal IRAs, foreign income not taxed by any government, first-me home buyer tax credit, etc. DO NOT include student aid, earned income, child tax credits, welfare payments, untaxed Social Security Benefits, Supplemental Security, Workforce Investment educaonal benefits, combat pay, flexible spending accounts, foreign income exclusion or credit for federal tax on special fuels. 10. Money received and/or bills paid on your behalf not reported elsewhere. (DO NOT include money you received from your parents) BEFE YOU SIGN this worksheet, please make sure there are NO BLANKS & the informaon is correct in Secons A, B, C (on page 1) and Secon D. An incomplete form will delay your verificaon review for financial aid. CERTIFICATION STATEMENT Be sure this form is complete with all required signatures. Return documents to the UNCG Financial Aid Office. You won t be awarded aid unl verificaon is complete. Students who submit informaon a)er July 1 st (for fall semester), November 15 th (for spring semester), or April 5 th (for summer) may not be awarded financial aid in me to assist with payment to the University and will have to pay their bill in full. Once financial aid is awarded and disbursed, you may receive a reimbursement. All documentaon must be submi9ed within 20 business days from the date of noficaon. By signing this form, I cerfy under penalty of perjury that the informaon I have reported to qualify for federal student aid is complete and accurate. I understand that purposely giving false or misleading informaon is a federal offense that can result in fines and/or incarceraon. I ALSO UNDERSTAND THAT: 1. Addional informaon may be required if this form is incomplete, if documentaon is missing, unclear, or insufficient, or if addional quesons arise based on the informaon provided. 2. It can take up to two weeks for informaon to be processed, and for UNCGenie to reflect changes in requirements status. Student s Signature: Date: PLEASE HAVE YOUR PARENT COMPLETE ALL SECTIONS ON PAGES 3 AND 4. Page 2 of 4 16DepVeriWorksheet;

5 DEPENDENT STUDENT VERIFICATION WKSHEET PART TWO: PARENT INFMATION P.O. Box Kenilworth St. Greensboro, NC Phone: Fax: ϫ h9p://fia.uncg.edu Federal School Code: Student Name: Student ID: Last First Middle Telephone: ( ) Name of Parent Completing This Form: Completing the Parent Section of the Verification Worksheet. Please be sure your student has completed Part One: Student Information Complete all secons. Do not leave blanks. Your student will not receive financial aid unl Verificaon is complete. Requests for informaon are sent via UNCG ONLY to the student, not the parent. All documentaon must be submi9ed within 20 business days from the date of noficaon. Who is considered a parent for this form: If the student s parents are living and married, answer the quesons about you and your spouse. Consistent with the Supreme Court decision holding Secon 3 of the Defense of Marriage Act (DOMA) unconstuonal, same-sex couples must report their marital status as married and include their income if they were legally married in a state or other jurisdicon (foreign country) that permits same-sex marriage, with out regard to where the couple resides. If you are widowed or single, answer the quesons about you only. If you are widowed and remarried as of today, answer the quesons about that you and your spouse. If you are divorced or separated, answer the quesons about the parent the student lived with more during the past 12 months. (If they did not live with one parent more than the other, give answers about the parent who provided more financial support during the past 12 months or during the most recent year that they actually received support from a parent.) If that parent is remarried as of today, answer the quesons about that parent and your step-parent. SECTION E PARENT WAGE & INCOME TAX INFMATION 1. Did you, the parent(s), file or will you file a Federal Tax Return in 2015? I filed or will file a Federal Tax Return in IF YOU FILED WILL FILE you will need to: Use the IRS Data Retrieval Tool to transfer tax data directly from the IRS to the FAFSA. Submit a copy of your IRS Tax RETURN Transcript to the UNCG Financial Aid Office. I will not file and not required to file a 2015 Federal Income Tax Return. IF YOU WILL NOT FILE Did you, the parent, earn any income from any source in 2015? If you earned income in 2015 THEN......List your earnings and submit ALL 2015 W-2s with this worksheet. I did not earn income in NOTE: If you did not file taxes, the requirement for a tax return transcript will be updated and waived in the UNCGenie student requirements in 1-2 weeks. Employer s Name: Earnings in 2015: Employer s Name: Earnings in 2015: SECTION F PARENTAL ASSET INFMATION PARENT(s) DO NOT LEAVE BLANKS: Enter 0 or N/A 1. Parent s total balance of cash, savings, checking as of the day you filed your FAFSA. 2. Parent s Net worth* of investments as of the day you filed your FAFSA. DO NOT include the home you live in or rerement funds (ex. 401k, pensions, IRA s, etc.). DO include rental property/other real estate, trust/money market/mutual funds, cerficates of deposit, stocks, bonds, educaon savings accounts (ex. Coverdell, 529 plan). 3. Parent s Net worth* of business and/or farm investments as of the day you filed your FAFSA. DO NOT include the value of a small business with 100 or fewer full-me employees. For businesses with more than 100 employees, DO include the market value of land, buildings, machinery, equipment, and inventory. NOTE: * Investment Net worth = Investment Value minus Investment Debt (debt related to the investment) Page 3 of 4 16DepVeriWorksheet;

6 Student Name: Student ID: SECTION G PARENTAL ADDITIONAL INFMATION 1. Child support PAID because of divorce, separaon, or legal requirement in You may need to submit documentaon of child support paid for ALL children included in the household size from January 2015 thru December (NOT 2016) PARENT(s) DO NOT LEAVE BLANKS: Instead enter 0 or N/A 2. Taxable earnings from need-based employment programs (i.e. Federal Work-Study). 3. Taxable grant & scholarship aid INCLUDED ON YOUR TAX RETURN in the adjusted gross income. You can find this amount reported on the line entled Wages on your federal tax return. 4. Combat pay reported in your AGI. If yes, please submit your W-2 Form. 5. Any amount(s) listed on your 2015 W-2(s) in box 12a to 12d. Only report the amount with codes D,E,F,G,H, & S. Do not report an amount for this queson if code is DD. (This figure is the cost of your health insurance benefit and is not reported on your FAFSA) 6. Child support RECEIVED for ALL children from January 2015 thru December (NOT 2016) Do not include foster care or adopon payments. You may need to submit documentaon of child support received for ALL children included in the household size from January 2015 thru December (NOT 2016) 7. Housing, food, and/or living allowances paid to members of military, clergy, and others. Include cash payments and cash value of benefits but NOT the value of on-base military housing or basic military allowance for housing. 8. Veterans Non-educaonal benefits such as disability, death pension, or dependency & indemnity compensaon and/or VA Educaonal Work-Study allowances. 9. Other untaxed income not reported elsewhere. DO include worker s compensaon, disability benefits, interest income on educaonal IRAs, foreign income not taxed by any government, first-me home buyer tax credit, etc. DO NOT include student aid, earned income, child tax credits, welfare payments, untaxed Social Security Benefits, Supplemental Security, Workforce Investment educaonal benefits, combat pay, flexible spending accounts, foreign income exclusion or credit for federal tax on special fuels. BEFE YOU SIGN please make sure there are NO BLANKS & the informaon is correct in Secon E, F and Secon G. An incomplete form will delay the verificaon review for financial aid. CERTIFICATION STATEMENT Be sure this form is complete with all required signatures. Return documents to the UNCG Financial Aid Office. Aid won t be awarded unl verificaon is complete. Students who submit informaon a)er July 1 st (for fall semester), November 15 th (for spring semester), or April 5 th (for summer) may not be awarded financial aid in me to assist with payment to the University and will have to pay their bill in full. Once financial aid is awarded and disbursed, you may receive a reimbursement. All documentaon must be submi9ed within 20 business days from the date of noficaon. By signing this form, I cerfy under penalty of perjury that the informaon I have reported to qualify for federal student aid is complete and accurate. I understand that purposely giving false or misleading informaon is a federal offense that can result in fines and/or incarceraon. I ALSO UNDERSTAND THAT: 1. Addional informaon may be required if this form is incomplete, if documentaon is missing, unclear, or insufficient, or if addional quesons arise based on the informaon provided. 2. It can take up to two weeks for informaon to be processed, and for UNCGenie to reflect changes in requirements status. Parent s Signature: Date: Print Name Parent/Step-parent Signature (as applies): Date: Page 4 of 4 16DepVeriWorksheet;