If you are selected for verification, your eligibility for federal financial assistance for the 2015/2016 aid year cannot be finalized until this process has been completed. This means we will not award or disburse you any federal aid until you have completed the verification process and turned in all missing documents.
You will be notified by the Office of Financial Aid at Belmont College, and advised of the documents or forms required to complete your Financial Aid. It will also be available on your MYFAO online Financial Aid site where you can see your received and missing documents. Verification worksheets are available through your MyFAO account. Once you are notified, you should return the forms as quickly as possible to avoid having your financial aid processing delayed.
The U.S. Department of Education has created verification tracking groups. The groups are designated by a V1-V6 as shown on your Student Aid Report. See below for specific requirements for each group.
V1 – Dependent/Independent Verification
If you’re a ‘Dependent‘ FAFSA applicant (parental data required to be entered on your FAFSA):
If you’re an ‘Independent‘ FAFSA applicant (no parental data required to be entered on your FAFSA):
V4 – Verification of High School Completion Status, Identity, and Statement of Educational Purpose
V5 – All the requirements for groups V1 AND V4 as stated above.
V6 – Untaxed benefits
Please be aware that you might be selected to complete the FAFSA Verification process, even though you completed your FAFSA using the new IRS Data Retrieval Tool.
If you and/or your parent(s) did not and will not file federal income tax returns for the 2015 year, be sure that the ‘non-filer’ statement(s) on the 2016/2017 FAFSA Verification Worksheet is completed to indicate this. In addition, a separate letter may be submitted with the FAFSA Verification Worksheet if you wish to more completely explain the income and benefits received during the 2015 calendar year by you, your spouse, and/or your parent(s), or to provide any other clarification.
Documentation or written clarification other than the materials normally required are sometimes needed by the staff to complete the 2016/2017 FAFSA Verification process and/or finalize your eligibility for assistance. If this occurs, you will be notified about these requirements, which will also be listed at your MyFAO.
How are you notified if there is a change to your Expected Family Contribution (EFC) and Title IV aid amount changes?
Once all required documents have been received, the Financial Aid Office will complete the verification process as quickly as possible. If any corrections to your FAFSA is needed we will make that change on your behalf and that will result in you receiving a new Student Aid Report (SAR), usually by email. Your new SAR will show your current EFC after the verification which may or may not be different.
No award is finalized until your verification is complete. However if your aid is processed and you are selected for verification after your award has been completed, you will receive a new award notification on your MYFAO site of any aid changes.
Once the verification process is complete then your Financial Aid award will be finalized.
What we are required to verify?
During Verification we may verify the following however this list is not intended to be the complete list and we may or may not verify each item and additional items not listed.