Verification is a requirement of the U.S. Department of Education and is the process of confirming information submitted for consideration of the various Federal Title IV Funds including the Federal Pell Grant, Federal SEOG, Federal Perkins Loan and Federal Direct Loans. Applicants should be aware that this federal regulation requires them to submit tax data and other requested information to the Office of Financial Assistance before the processing of student loan applications and/or the awarding of funds. Students must submit the required information to complete the verification process no later than 45 days before the last day of the student’s enrollment.
Items to be verified include: adjusted gross income; U.S. income taxes paid; number of family members for whom parents provide more than half of their support; the number of children in post secondary schools who are enrolled at least half time; dependency status; untaxed income; eligible non‑citizen status and any other item for which conflicting information has been submitted to the Office of Financial Assistance.
Freshman Class of 2018 Financial Assistance application deadlines:
THE VILLANOVA UNIVERSITY DEADLINE FOR 2014-2015 FINANCIAL AID FOR RETURNING STUDENTS IS:
April 30, 2014 - Completed application materials must be postmarked by this date.
·2014-2015 Free Application for Federal Student Aid (FAFSA) must be filed PRIOR TO this date online at www.fafsa.gov.
·2014-2015 College Board PROFILE must be filed PRIOR TO this date online at www.collegeboard.com.
·Completed signed copies of custodial parent(s)’, stepparent’s, and student’s 2013 U.S. Federal or Puerto Rico Tax Return as well as 2013 W-2’s, 1099/1099R’s, and all tax schedules must be submitted to IDOC (https://idoc.collegeboard.org/idoc/index.jsp). *Do not submit tax documents to the Office of Financial Assistance*
·IRS Data Retrieval Tool: If you and/or your parent(s) filed your 2013 U.S. Income Tax Return at least two weeks before filing the FAFSA (and have paid taxes owed, if applicable), you should use the IRS Data Retrieval Tool when completing the FAFSA.
·2013 U.S. Tax Return Transcript: If you do not choose to participate in the IRS Data Retrieval Process when filing the FAFSA, you will be required to provide a copy of your and/or your parent(s)’/stepparent’s transcript to the Office of Financial Assistance. This can be requested through the IRS website at www.irs.gov.