The University of Louisiana at Monroe


< Financial Aid Homepage

< What Happens Next page

What Happens Next FAQs

(For questions regarding SAP, please refer to the SAP policy)

  1. What do I do if I did not keep a copy of my taxes or W2s?
  2. When I received my Student Aid Report in the mail, it said I was selected for verification. What does this mean, and what will I need to do to complete the verification process?
  3. If I was selected to be verified last year, does that mean I will also be selected this year?

1) What do I do if I did not keep a copy of my taxes or W-2s?

You may request a copy from the IRS. They offer a free tax return transcript that shows most line items contained on the return as it was originally filed, including any accompanying forms and schedules. In most cases, a tax return transcript will meet the requirements for your financial aid department. The transcript can be ordered by completing Form 4506-T or by calling (800) 829-1040 and following the prompts in the recorded message. There is no charge for the transcript and you should receive it in 10 business days from the time they receive your request. Tax return transcripts are generally available for the current and past three years.

2) When I received my Student Aid Report in the mail, it said I was selected for verification. What does this mean, and what will I need to do to complete the verification process?

The U.S. Department of Education selects a percentage of financial aid applications for additional review each year. This review process is known as verification.

A student whose application is selected for verification must document the accuracy of the application information by submitting information regarding:

1. Adjusted Gross Income - a signed copy of the student's most recent Federal Income Tax return and W2s will be requested by the school.
2. Parents' Tax Return and W2s - required if student was required to complete the FAFSA with parent information.
3. Household Size
4. Number in College
5. Sources and amounts of Untaxed Income

The Financial Aid Office will contact students selected for verification via their TRIBE* account. Students will be notified what documentation is required to complete the verification process. The documentation will be compared to the original application and any corrections will be made through the Federal Processor. A response to the corrections must be received from the Federal Processor before a financial aid award can be made. Students who are selected for verification and do not provide all requested documentation will not receive an award while their file remains incomplete.

*After June 27, 2009, the "tribe" student email system will be renamed "warhawks." Your "tribe" login is still valid with the newly named system.

3) If I was selected to be verified last year, does that mean I will also be selected this year?

Not necessarily. You will know when you receive your Student Aid Report (SAR) each year if you have been selected for verification.


< What Happens Next page

< Financial Aid Homepage

www.ulm.edu