The federal processor or New York University may choose to verify that the information you reported on the FAFSA is accurate. Federal regulations require that 30 percent of our aid applicants (chosen by the federal processor) go through the verification process.
If you are selected for verification, complete the verification form we send you and return it with the following documents attached:
- Copy of complete tax return for the year(s) requested on the verification form, or overseas income verification
- Copies of W-2 forms
- Verification of certain untaxed income and any other documents requested to support your verification
- Non-filer statement
Note: If you do not have access to these documents, the IRS will provide you with a computer printout (RTFTP) or transcript free of charge. There is a charge for a true and actual copy. Any discrepancies in information may cause delays in the release of funds.
Each time a correction is made to the federal processor, the results are returned as transactions and each transaction is sequentially numbered. If we have already provided you with an award letter (and your record was not chosen for verification) and a subsequent transaction is received that has chosen you for verification, the process will need to be completed in order for the award letter to be valid. If the process changes the awards on your award letter, an amended award letter will be provided to you within two weeks of your file being verified.
Student Responsibilities for Verification:
You are responsible for providing the requested documents within 30 days of the request. If the 30-day deadline cannot be met, please make a written request for an extension.
Should the verification process require a correction to your FAFSA data, we will recalculate your expected student contribution and make changes to your loan eligibility.
Once the process is complete, you will receive an award letter from Stern Graduate Financial Aid. The award letter will not be sent until the verification step has ended.
Failure to comply with the requirements for verification by the applicable deadline may affect your eligibility for any federal financial aid.
All questions should be directed to Stern Graduate Financial Aid.