Verification
Verification is the process of confirming information reported on the FAFSA by you, your parents, or spouse. Each year approximately 30% of student applicants nationwide are randomly selected by the Federal Central Processing System (CPS) for verification. You may also be selected by North Idaho College.
Students will be notified through mail regarding needed documentation and will be required to submit the following documents depending on Dependency Status:
Independent Students:
Verification Worksheet
2008 Tax Forms (Signed)
2008 W2's
Dependent Students:
Verification Worksheet
2008 Tax Forms (Signed)
2008 W2's
2008 Parents Taxes (Signed)
2008 Parents W2's
Once the required documentation is received, NIC will compare the submitted documents to the information initially provided on your FASFA. If there are any discrepancies, NIC will make the corrections and you will receive an updated Student Aid Report (SAR).
Occasionally the documentation that was provided to NIC does not provide all of the necessary information to complete the verification process. In these situations you will be sent another letter outlining the additional documentation that is needed.
How To Get Another Copy of Your Federal Tax Returns
Contact your tax preparer or
Obtain a blank tax form and complete it by using your W-2's or
Call IRS at 1-800-829-1040 and order a transcript of your return
Taxes must have a signature when submitted to the Financial Aid Office
Once all proper documentation is submitted please allow ample time for the Financial Aid Office to process and enter information. Refer to Step 4