Verification is a federally mandated review process. The Financial Aid Office is required to confirm the accuracy of information submitted on the FAFSA for students who have been selected for verification by the U.S. Department of Education.

Students are notified by email if they are selected for verification. Students selected for verification must submit all required documents. Verification can be a lengthy process; therefore we strongly recommend that students and their families submit the requested documents as soon as possible.

Failure to submit requested documentation may result in cancellation of aid previously offered. Finanacial Aid cannot be processed or credited to the student's account until the verification process is complete.

Any differences between information on documents submitted to the Financial Aid Office and information on the FAFSA will result in a new determination of financial need. This new determination of financial need may alter the student's financial aid awards and eligibility. Students will be notified when a revised financial aid award has been generated due to verification adjustments.

Please be aware of financial aid deadlines. If the requested documents/data are not provided, you will be forfeiting your financial aid.

Verification Process

If selected for verification, you will be notified via email and directed to review your checklist on Financial Aid Self Service to more details about what forms and information is required. Only submit the forms that have been requested.

What is Required?

To complete the verification process, you will need to provide the following information.  You can obtain the required forms and track the status of documents received by reviewing your checklist on Financial Aid Self Service.

Fully complete, sign, and return all forms requested. Required forms can be printed directly from your Financial Aid Self Service checklist.

Income Information

For Tax Filers, 2016 Income Information (Student and Parent, if Dependent)

If you are selected for verification and have not used the IRS Data Retrieval Tool (DRT) on the FAFSA, you will be asked to do so. This process allows your tax information to be imported directly from the IRS into your FAFSA application. If possible, utilize this option.

The DRT will not be available under the following circumstances:

  • A joint tax return was filed for the student or the student's parents and they have filed the FAFSA with a marital status of separated, divorced, or widowed.
  • If the tax filer is married to someone other than the individual included on the joint tax return.
  • If the parent or student was not married in the prior year but is married at the time the FAFSA is filed. The current spouse's income must be reported on the FAFSA.
  • If the parents or the student is married but filed tax returns separately.

 

If you are not able to use the DRT, you must request a tax return transcript (not a tax account transcript) directly from the IRS using one of these methods:

  • ONLINE: If you are able to answer certain security questions, you can print a copy of your tax return transcript directly from the IRS website. Please send a copy of the printed transcript to the Financial Aid Office at McDaniel College as soon as possible.

  • Get Transcript by Mail: Go to the IRS website to request a paper transcript that will be mailed to the requestor within 5 to 10 days. THIS CANNOT BE SENT DIRECTLY TO MCDANIEL COLLEGE. After you receive it, send it to the Financial Aid Office at McDaniel College as soon as possible.

  • TELEPHONE: Call (800) 908-9946 to request a paper transcript that will be mailed to the requestor within 5 to 10 days. THIS CANNOT BE SENT DIRECTLY TO MCDANIEL COLLEGE. After you receive it, send it to the Financial Aid Office at McDaniel College.

  • IRS FORM 4506T-EZ: Use this form to request a paper transcript that will be mailed to the requestor within 5 to 10 days. Transcripts ordered using this method can be mailed directly to McDaniel College by the IRS only if the tax filer requests this on Line 5.

Nontax FIlers Requirement

Independent students and parents who did not file a tax return for 2016 (and tax filers who received an extension but have still not filed an income tax return) are required to provide verification of nonfiling dated on or after October 18, 2017.  A verification of nonfiling letter must be obtained directly from the IRS.  Directions on how to obtain a verification of nonfiling letter are available here.

For students/parents who have been granted a tax filing extension, the following may be submitted: Copy of IRS Form 4868 (application for automatic extension) and copies of all W-2s, unless self-employed (If self-employed, provide a signed statement of AGI and taxes paid).

 

Verification of Income for Individuals with Special Circumstances

Individuals Who Filed an Amended IRS Income Tax Return
Individuals Who Were Victims of Identity Theft
Individuals Who Filed Non-IRS (Foreign) Income Tax Returns
Individuals with an IRA and/or Pension Rollover
High School Completion Status
Statement of Educational Purpose