The federal government requires each college or university to verify the data reported by students and their parent(s) on the Free Application for Federal Student Aid (FAFSA). National Aviation Academy’s Student Finance Department is a member of the Federal Department of Education Quality Assurance Program. Therefore, the Student Financial Aid Office selects approximately 15% of students for the verification process. The verification process ensures that all students receive the appropriate amount of financial aid for which they are eligible.
If I receive my Student Aid Report and it says I am selected for verification, what do I need to do?
NAA participates in the Quality Assurance Program, and if you are selected for verification, you will be contacted for further documentation. Participation in the verification process is not optional. If the student does not submit the requested documentation, the student will not be eligible to receive federal financial aid as an NAA student and parents of dependent students will not be eligible to receive a PLUS loan.
How can I tell if I have been selected for verification?
If the student is selected for verification based on NAA’s guidelines, the Student Finance Department contacts students and requests the appropriate documentation. Required documentation usually includes, but is not limited to; the Verification Worksheet, the student’s Federal IRS Tax Transcript from the IRS and W-2 form (if requested), and the parent’s Federal IRS Tax Transcript from the IRS and W-2 forms (if requested). An IRS Tax Transcript can be obtained by visiting www.irs.gov or by calling 1-800-908-9946. Additional documentation may be requested depending on the student’s specific situation. Typically, students can expect to receive notification that they were selected for verification within 14 business days after the Student Finance Department receives the student’s FAFSA results from the federal processor.
What happens after verification is complete?
The verification process generally takes two weeks from the date the Student Finance Department receives ALL requested information. You will then receive an award letter outlining your financial aid awards. If you were already awarded federal or state financial aid and your financial aid eligibility changes as a result of verification, you can review the changes with your Student Finance representative.