2015 TASFAA
New Aid Officer’s Workshop

Understand Verification Flag Tracking Groups
and Documentation Requirements

Easily Identify Verification Data Elements on Tax
Documents

Obtain Verification Resources

Ask Verification Questions
 Group
V2 will not be used.
 V6
Group – Household Resources
Verification Group
 Institutions
must use exact
language provided in the Federal
Register for the Statement of
Educational Purpose.
Verification
Tracking Flag
V1
Verification
Verification Description
Tracking Group
Record selected because conditions based on
Standard
statistical analysis error-prone risk model
Verification
were met
V3
Record selected for Child Support paid
Child Support
Paid Verification criteria only
V4
Record selected for Identity criteria, SNAP,
Custom
Verification Group and Child Support Paid
V5
Record selected for Identity criteria,
Aggregate
Verification Group “Standard Verification” criteria, SNAP, and
Child Support Paid
V6
Household
Record selected for Other Untaxed
Resources
Income, “Standard Verification,” SNAP,
Verification Group and Child Support Paid
HIGH SCHOOL COMPLETION STATUS
C
TATUS
 OMPLETION
HS Diploma or S
final
HS transcript showing date HS diploma

awarded
Homeschooled



Transcript or the equivalent, signed by the parent or guardian, that lists
the secondary school courses completed by the applicant and documents
the successful completion of a secondary school education; or
A secondary school completion credential for home school (other than a
high school diploma or its recognized equivalent) provided for under State
law
Recognized Equivalent




General Educational Development (GED) Certificate;
State certificate received by a student after the student has passed a Stateauthorized examination that the State recognizes as the equivalent of a
high school diploma;
Academic transcript of a student who has successfully completed at least a
two-year program that is acceptable for full credit toward a bachelor's
degree; or
For a person who is seeking enrollment in an educational program that
leads to at least an associate degree or its equivalent and has not
completed high school but has excelled academically in high school,
documentation from the high school that the student excelled academically
in high school and documentation from the postsecondary institution that
the student has met the formalized, written policies of the postsecondary
institution for admitting such students
IDENTITY/STATEMENT OF EDUCATIONAL PURPOSE

Appear in person and present to an institutionally
authorized individual:



A valid government-issued photo identification (driver’s
license, non-driver’s license, or passport); and
A signed statement of educational purpose
Must maintain, an annotated copy of the
identification submitted by the applicant that
includes:
The date documentation was received; and
 The name of the institutionally-authorized individual that
obtained the documentation


If unable to appear in person, must provide the
institution:


A copy of a valid government-issued photo identification
(driver’s license, non-driver’s license, or passport); and
An original notarized statement of educational purpose signed
by the applicant
Tax Filers
 Household Size
 Number in College
 Child Support Paid
 SNAP
 Adjusted Gross Income
 U.S. Income Tax Paid
 Untaxed IRA Distributions
 Untaxed Pensions
 IRA Deductions & Payments
 Tax-Exempt Interest
 Education Credits
 Other Untaxed Income





Payments to tax-deferred pension and savings
plans
Child support received
Housing, food, and other living allowances
Veterans non-educational benefits
Money received or paid on student’s behalf
Non-Tax Filers

Household size

Number in College

Child Support Paid

Tax-Exempt Interest

Other Untaxed Income
Payments to taxdeferred pensions and
savings plans
 Child support received
 Housing, food, and
other living allowances
 Veterans noneducational benefits
 Money received or
paid on student’s
behalf

Non-Tax Filers

W-2 Form needed for each source of employment
income AND

Signed statement giving the sources and amounts of
the person’s income earned from work not on W-2s
and certifying that the person has not filed and is not
required to file a tax return
2014 Tax Matrix
 Earnings
from Work
 Wages, Salaries, Tips
 Business Income/Loss
 Farm Income/Loss
 Untaxed Income
 Adjusted Gross Income (AGI)
 Additional Financial
Information
 U.S. Income Tax Paid

Amended Returns


Signed copy of 1040X and
Signed copy of original tax return or IRS transcript (with all data
elements)
Federal Means Benefits = Verification of Group Household
Resources
 $25 Tolerance for non-dollar amounts
 W-2 and/or Schedule C/C-EZ may be needed for tax filers
 Do NOT accept IRS Verification of Nonfiling letter prior to
June 15, 2015
 Must still resolve conflicting information

Verification &
AVAILABLE RESOURCES


Federal Student Aid Handbook
 Application and Verification Guide
http://ifap.ed.gov/fsahandbook/attachments/151
6AVGCh4.pdf
NASFAA Ask Regs Knowledgebase
http://askregs.nasfaa.org/ics/support/splash.asp

Institutional Policies and Procedures

IRS Publication 17 found at www.irs.gov
Consuela Mitchell
Interim Registrar
Tarrant County College
817-515-6960
consuela.mitchell@tccd.edu