The FAFSA uses income information from two years prior. Be sure you are paying attention and providing income information for the correct year.
Official Tax Return Transcripts may be obtained by:
NOTE: Per new federal legislation governing financial aid, beginning in the 2012-2013 academic year, students/parents/spouses may no longer submit copies of 1040 IRS tax returns to satisfy verification requirements. Only official, signed IRS Tax Return Transcripts will be acceptable.
If selected, the deadline for an otherwise eligible student to submit verification documents is the last day of summer B classes or 120 days after the last day of the student's enrollment, whichever is earlier.
In the event
that financial aid eligibility has changed due to a verification resulting
in overpayment to the student, the necessary funds will be returned to the
Department of Education or to the lender (if a student loan). The student will
receive an email notification to view the awards online and will be billed by the
Office of Student Financial Services.
All students selected for verification at any time while being enrolled in an award year must complete verification in order to establish or maintain eligibility for federal aid funds. For example, a student that has received federal aid based upon a FAFSA that was not originally selected for verification may have their FAFSA selected for verification later on in the award year. A student in this situation may not receive any further disbursement of federal aid during the award year in question until the verification process is completed. If verification is completed and it does not justify all or part of a Pell Grant, FSEOG or student loan that was already disbursed to a student during the award year, the University of North Florida will return the amount of Pell Grant, FSEOG or student loan funding, for which the student is no longer eligible, back to the federal government. This may result in a balance owed to the University. If verification is not completed by the verification deadline date established annually, then the student will have failed to meet the verification deadline. The University will be required to return all of the Pell Grant, FSEOG or student loan funding the student received during the award year back to the federal government. Again, this may cause a balance owed to the University.
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