This is the fifth in a series of 10 blog posts related to the Top 10 Audit Findings of the U.S. Department of Education.
Approximately 30% of students who submit a FAFSA are selected by the U.S. Department of Education for a process called Verification. In most cases, applicants are selected by the U.S. Department of Education. However, an institution may also select a student.
At some schools almost all students are selected for verification, but this doesn’t mean there’s an error. It means the students wanting or receiving federal aid were selected for verification of certain information. Students selected for verification are notified on what is known as a Student Aid Report (SAR), which is generated from the Department of Education after a FAFSA is submitted. Typically, students are also notified by the institution and additional documentation and/or substantiation may be required in order to complete the financial aid application.