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In this video, "What Is Financial Aid Verification Why Were You Selected For Financial Aid VerificationWhat To Do" We go over what is financial aid verification is. Verification is the process your school uses to confirm that the data reported on your FAFSA form is accurate. If you're selected for verification, your school will request additional documentation that supports the information you reported. Don't assume you're being accused of doing anything wrong.
If discrepancies are suspected with savings accounts or assets, you might be asked to verify this information by uploading yours and your parents' bank statements. ... If there are major discrepancies between the number listed on the FAFSA and yours or your parents' actual information, then serious consequences may arise.
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