FINANCIAL AID RENEWAL
2014-15
REQUIRED DOCUMENTS
DUE APRIL 15TH
1. 2014-15 FAFSA: available as of January 1, 2014
• www.fafsa.ed.gov
2. 2014-15 CSS Profile: available as of October 1, 2013
• http://student.collegeboard.org/css-financial-aid-profile
3. Copies of student 2013 Federal Tax Return
• Including all schedules & Forms W-2 used to file
4. Copies of parent(s)’s 2013 Federal Tax Return
• Including all schedules & Forms W-2 used to file
If you or your parents are not required to file, please submit the
Parent and/or Student Statement of Non-filing Tax Status
FEDERAL VERIFICATION
• A random selection process from the DOE
• Selected students may be required to submit
additional documentation or will lose their Federal
Financial Aid
• This process is not a secondary review of your
award or an “appeal”
REQUIREMENTS OF FEDERAL
VERIFICATION
• 1. The following items may be required by the FA
Office for students selected for verification:
•
•
•
•
•
•
Parent and Student IRS Tax Return Transcript or
FAFSA IRS Data Retrieval Tool completed
Verification Worksheet
Non-filing statement
Prior year W-2 statements
Any additional documentation requested by the FA Office
• 2. FA Office Review
• 3. New, corrected FAFSA submitted by FA Office
• Any changes to aid if applicable
IRS DATA RETRIEVAL TOOL
• 2014-15 FAFSA: We encourage you to utilize the IRS Data
Retrieval Tool when completing your FAFSA
• This allows our office to receive IRS verified information
from your/your parent(s)’s tax returns
• This is a requirement for students that are selected for the
Federal Verification Process
• If parent or student is unable to use IRS Data Retrieval
Tool, we recommend using the IRS Get Transcript Online
Tool
HOW TO USE
THE IRS DATA RETRIEVAL TOOL
• Available once the
Return has been
processed by the IRS
• Not all students will have
access to use this tool
• Parent must enter their
PIN to Link to IRS
HOW TO USE
THE IRS DATA RETRIEVAL TOOL
• Once on this page,
make sure to TRANSFER
the tax data by clicking
“Transfer Now” & return
to the FAFSA
• Do not edit any of the
fields that were
transferred from the IRS
– Doing so will void this
process altogether
IRS TAX RETURN TRANSCRIPT
IRS “GET TRANSCRIPT” FUNCTION
• Starting in 2014, tax
filers can request
their transcripts
online to print
same day
• Tax Filer will need
to create a free
account w/IRS to
access their data
www.irs.gov/Individuals/Get-Transcript
IRS “GET TRANSCRIPT” REQUEST
• Select “Higher
Education
/Student Aid”
• Request the
most recent tax
year’s Return
Transcript (2013)
• You should be
able to view
and print your
transcript after
this page
REQUIRED RENEWAL DOCUMENTS
INTERNATIONAL STUDENTS
• 1. 2014-15 CSS Profile or International Student
Financial Aid Application (ISFAA)
• Available on the Financial Aid Office website & through the
College Board
• 2. International Student Certification of Finances
• Available on the Financial Aid Office website & through the
College Board
• 3. Translated copies of parent(s)’s 2013 income/tax
documents
IMPORTANT TO NOTE FOR 2013-14
• 2013 W-2 Statements
• Are now available through HR-Info (via student portal)
• Information contained therein must be reported on your
FAFSA (Student Finances) whether or not you will file a
Federal Tax Return
• Student Portal Update
• Link to Student Portal now available on the financial aid website:
www.pomona.edu/financialaid
• My Financial Aid “Documents” tab now includes forms/links
to documents that are required for your file
• Documents needed for 2014-15 will appear on the Student
Portal by June 1st
IMPORTANT TO NOTE FOR 2014-15
• Outside Scholarships
• Students are responsible for the renewal of their outside
scholarships
• Failure to renew your outside scholarship will not result in additional
grant assistance to cover the difference
• Loan Requests
• Must be submitted to our office by June 16th in order for your loan
to be processed in time for the 1st bill
• Restricted/Endowed Scholarships
• Financial Aid Award letters may include Restricted or Endowed
Scholarships as part of your package
• These are a component of your aid award – they do not provide
additional aid
• The Scholarship Data Sheet will be required if awarded
• Office of Donor Relations will contact you regarding thank you
letters in the Fall
IMPORTANT DATES
• April 15th – Financial Aid Application due
• May 30th – 2014-15 Financial Aid Packets mailed
• For students that submit their completed application by the
deadline
• June 16th – Loan Requests due in time for 1st bill
• July 10th – 1st bill for Fall 2014 mailed
• August 1st – Fall Account Balance or 1st Payment due