What happens if I am selected for Financial Aid Verification?
Answer
If you are selected for verification, you need to fill out a verification form. The verification form you fill out depends on whether you are considered a dependent student or an independent student and what type of income you reported. This form is available through the BC Financial Aid Office.
Dependent students: If you are considered a dependent student on your FAFSA (you are dependent if you were required to report parents' income on your FAFSA), you are required to submit: a signed copy of your previous year's federal tax return and W-2 forms, a signed copy of your parent(s) previous year's federal tax return and W-2 forms, and a dependent verification form. Based on the documentation you provide, the Office of Financial Aid will verify the household size of your family, the number of family members enrolled in a degree-seeking program, adjusted gross income, federal income tax paid, and any untaxed income and benefits. Depending on the type of income reported on the tax forms you submitted to the IRS, we may ask you to provide some additional documentation.
Independent students: If you are considered an independent student on your FAFSA, you are required to submit a signed copy of your and your spouse's (if married) previous year's federal tax return and W-2 forms, and an independent verification form. Based on the documentation you provide, we will verify the household size of your family, the number of family members enrolled in a degree-seeking program, adjusted gross income, federal income tax paid, and any untaxed income and benefits. Depending on the type of income reported on the tax forms you submitted to the IRS, we may ask you to provide some additional documentation.
