FEDERAL AID VERIFICATION at Career Institute School

Verification

The federal processor uses a system of edits, or flags, which produces a selection of certain applications for verification. If a student's application is selected for verification, this may mean that a data element in his/her application does not fit generally recognized patterns (not necessarily that the element is incorrect; it merely must be verified), or that the student was simply selected at random.

CAREER INSTITUTE Student Financial Assistance Office also has the authority to select files for verification if there appears to be a conflict of information. If a student is selected for verification, the student is notified on the Student Aid Report (SAR).You will be notified by the Office of Financial Aid to submit the following:

2008-2009 Verification Worksheet (Dependent or Independent)
• Signed 2007 Parents' Federal Income Tax Returns and all schedules
• Signed 2007 Student's (and Spouse if applicable) Federal Income Tax Return and all schedules
• W-2 forms alone cannot be used for verification.
If you need a copy of your tax return, call the IRS at 1-800-829-1040. Ask for a tax transcript for the calendar year of 2008. This signed form is acceptable in lieu of an actual copy of your tax return.

Federal verification regulations require the following:
• Federal financial aid cannot be disbursed until verification is complete.
• Verification may result in corrections that change your award amounts.
• Stafford Loans will not be certified until verification is complete.
• Estimated financial aid awards will be removed if verification is not completed within specified deadlines. Any deferred tuition and fees become due immediately.

Please Keep in Mind:

Corrections will be made for information that is not accurately provided by you could affect your ability to receive aid. You will be notified of any adjustments that need to be made. Most corrections that need to be made can be done electronically by our office. If they cannot be made electronically you will need to send your Student Aid Report (SAR) to the Federal Processor for corrections.

If the corrections are done electronically, you will be sent an updated Student Aid Report (SAR) from the Federal Processor.

Verification must be completed no later than 90 days past the last day of your enrollment for the each academic year, or by August 31 following each academic year, whichever comes first.

Corrections involving the Federal Processor must be made prior to mid-August.

Verification documentation in support of Federal Stafford Loans must be provided at least 45 days prior to the end of the quarter.