Get the free Group 1 bverification worksheetb 2016-17 - Northwest Christian bb

GROUP 1 VERIFICATION WORKSHEET 201617 Your FAFSA was selected by the U.S. Department of Education for a review process called Verification. Verification must be completed before your financial aid

How to fill out group 1 bverification worksheetb

How to Fill out Group 1 Verification Worksheet:

1. Begin by gathering all the necessary information. You will need your personal details, including your name, address, and Social Security number. Additionally, have any applicable financial documents, such as tax forms or income statements, ready for reference.
2. Start with the first section of the worksheet, which typically asks for general information about the student and their household. Fill in the required fields accurately and completely. This may include providing details about your household size, the number of family members enrolled in college, and any untaxed income received.
3. Proceed to the section concerning income information. Provide accurate figures for both student and parent income sources, such as wages, salaries, and benefits. Be sure to include any tax exemptions or deductions that apply.
4. Once the income information is complete, move on to the asset section. This will require you to identify and report any relevant assets, such as savings accounts, investments, and real estate. Again, provide accurate and up-to-date values.
5. Review the worksheet for any errors or missing information before submitting it. Double-check all the sections to ensure completeness and accuracy.
6. Finally, sign and date the worksheet, certifying that all the information provided is true and correct to the best of your knowledge. It is important to remember that knowingly providing false information could result in penalties or loss of financial aid eligibility.

Who Needs Group 1 Verification Worksheet?

The Group 1 Verification Worksheet is typically required for students applying for financial aid or scholarships. It is used to verify the accuracy of the information provided on the Free Application for Federal Student Aid (FAFSA). In certain cases, students may be randomly selected for verification by the Department of Education, or institutions may require it as part of their financial aid application process. Students and families applying for need-based aid are usually the ones who need to complete the Group 1 Verification Worksheet.

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