Princeton will enhance its groundbreaking financial aid program
Most families with income up to $100,000 a year will pay nothing. Read the story.
Federal Verification is the process by which the Department of Education selects student FAFSA forms to be reviewed for accuracy. To maintain compliance with federal regulations, the financial aid office is required to review those files selected for verification. If your FAFSA is selected for verification, the financial aid office will email you to let you know what information should be submitted.
If you are selected for verification:
The IRS Data Retrieval Tool (DRT) allows parents and students who have filed a tax return to retrieve their tax information and import it directly into the FAFSA. This process confirms that the FAFSA reflects the income and tax data on file with the IRS.
If your parents file separate tax returns or filed an amended tax return, they cannot use the Data Retrieval Tool—instead, request an official tax return transcript from the IRS. Once you have received your transcript, you may forward it to the financial aid office by mail or fax.
If you did not file taxes for the year, complete the Non-filer Statement. If your parents did not file a tax return, each parent must also complete the Non-filer Statement—they must also request a Verification of Non-filing Letter from the IRS.