Verification is a Federal process used to confirm students' eligibility for certain aid programs. Students who are selected for verification must submit information to verify the data that they provided on the FAFSA.
Students selected for verification will be notified via email.
Financial aid may not disburse to the student's account until verification is completed.
Log in to the MyISU Portal and select the "Student Self-Service" badge. From here, select "View Financial Aid" on the right. Choose the year you wish to view. Missing requirements and instructions are provided.
Why was I selected?
Approximately 34% of aid applicants are selected for this process by the Federal Department of Education.
Some applicants may be ineligible for IRS data retrieval. If you filed as "married filing separately" or your FAFSA otherwise states you are ineligible, you must request a Tax Return Transcript from the IRS. To order a transcript, visit the IRS or call 1-800-908-9946. This service is free but requires 5-10 business days for delivery. [ watch optional video on how to order a transcript ]
Visit this page for details on handling tax amendments, identity theft, or tax extensions.
If I was asked to verify information in-person but cannot come to campus, what alternatives are available?
Your signature may be confirmed by an authorized Notary Public. Many banks, hospitals, and insurance agencies offer notary services. Only original documents may be accepted.
I was asked to provide an official academic transcript from my school. What options are available for submitting this document?
ISU participates in the online Parchment retrieval process. Visit www.parchment.com and click "share" to send your high school transcript to ISU electronically for free. Indiana residents may register for free.
Some transfer students will be asked for college transcripts. In addition, not all high schools are listed in Parchment's online database. If this is the case, you may send an official, sealed transcript to the ISU Office of Admissions, 318 N 6th St, Terre Haute, IN 47809.
What are additional funding options?
Federal and State aid, even loans, will not pay unless verification is completed. Other sources of funding, such as private loans, can be found by viewing the Sycamore Express webpage.
Why do you keep asking me for additional information after I submitted my forms?
Verification requires Financial Aid officers to identify conflicting information or unusual financial situations. If your answers contradict what you originally put on the FAFSA, you may be asked to submit a signed statement or additional financial document that substantiates your current situation.
Unfortunately, until your file is comprehensively reviewed, we have no way to predict which information we may need. The best advice is to submit all required information far in advance, so that if we still need something else, there is ample time for you to submit it.
Your answers affect your eligibility for federal and state funds, so answer questions honestly and be sure to read the forms carefully before submitting.
Who is required to file a tax return?
Single under 65 and have a gross income of at least $10,300
Single and claimed as a dependent on someone else's taxes and have earned income of more than $6,300
Married filing jointly and both are under 65 and have a gross income of at least $20,600
Married filing separately any age and have a gross income of at least $4,000
Head of Household under 65 and have a gross income of at least $13,250
You had net earnings from self-employment of at least $400
Yes, filing status does matter, and if you file your taxes incorrectly, you may need to amend your taxes before you will be eligible to receive Federal of State aid. Some general rules are:
Single- individuals who are not married on the last day of the calendar year.
Married filing joint
Married filing separately
Head of Household – individuals who are not married, or considered “not married” on the last day of the calendar year, you paid more than half of the cost of keeping up a home for a year, and a qualifying person lived with you in the house for more than half the year.
Dependent students are required to include on the
FAFSA information from the dependent student's legal
parents (biological, adoptive, or as determined by the
state) regardless of the parents' marital status or
gender, if those parents live together.
Also, if the parent is legally married in one of the 50
states, the District of Columbia, a U.S. territory, or a
foreign country, the response to the FAFSA marital
status questions must be "married" without regard to:
Whether the marriage was between
persons of the same sex or opposite sex
Where the couple resides; or
Where the student will be attending
Grandparents, foster parents, legal guardians,
widowed stepparents, or other individuals or relatives
are not considered parents on the FAFSA unless they have
also legally adopted the student or have been determined
by the state to be the student's legal parent.
Which assets am I required to report?
Real Estate (do not include the home in which you live)
Rental Property (include a unit within a family home that has its own entrance, kitchen and bath rented to someone other than a family member)
Uniform Gifts to Minors Accounts and Uniform Transfers to Minors' Accounts
Money Market Funds, Mutual Funds, Certificates of Deposit, Stock Options, Bonds and other securities.
Installment and Land Sale contracts (including mortgages held)
Qualified Educational Benefits or Education Savings Accounts (Coverdall Savings, 529 college Savings Plans and the refund value of 529 prepaid tuition plans) a.
For Independent Students account owned by the student and/or spouse report as student investments
For Dependent Students report as parental investments including all accounts owned by the student and all accounts owned by the parents for any member of the household.
Students must report money received or paid on their behalf
Money that the student received from a parent whose financial information is not reported on the FAFSA and is not part of a legal child support agreement.
Distributions to the student from a 529 plan that is owned by someone other than the student or the student’s parent (such as a grandparent, aunt, uncle, or non-custodial parent)
Business and/or Investment Farms value must be included
Market Value of land, buildings, machinery, equipment, inventory, etc
Debt means only those debts for which the business or investment farm was used as collateral.
Uniform Gifts to Minors Accounts and Uniform Transfers to Minors Accounts for which you are the custodian, but not the owner
The value of a small business if your family owns and controls more than 50% of the Business and the business has 100 or fewer full-time or full-time equivalent Employees. (family includes persons directly related to you, or persons who are or were related to you by marriage such as parent, sister, cousin, spouse, stepparent or sister-in-law)
The Value of a family Farm that you, your spouse, or your parents live on and operate.
What is the timeline for processing?
Complete files are sent to our third party verification servicer daily. After all documents are submitted, verification takes 10-14 business days, or approximately three weeks during high volume.
Verification affirms that a file is ready for processing. There may be additional steps after verification is completed before payment, especially for loan borrowers. To expedite payment, we recommend daily monitoring of the ISU Student Portal and Sycamores email for account updates.
Submitting Required Documents To ISU
Indiana State University recommends that students selected for verification for 2016-2017 submit all requested documents by July 1, 2016. This allows adequate time for completing verification before bills are due for the fall semester.
Submit documents via U.S. mail, fax, or scanned and emailed to:
Office of Student Financial Aid Indiana State University 220 N 7th St 150 Tirey Hall Terre Haute, IN 47809 Fax: (812) 237-4330 or (812) 237-3925 email@example.com
To expedite processing, students should list their 991 student ID number on all documents submitted.
Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University