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20152016 STANDARD VERIFICATION Worksheets What is Verification? Your application was selected by the U.S. Department of Education for review in a process called Verification. The Office of Financial Aid

How to fill out 2015-2016 standard verification worksheet

How to fill out 2015-2016 standard verification worksheet:

1. Gather all necessary documents: Before filling out the worksheet, make sure you have all the required documents at hand, such as your 2015 tax returns, W-2 forms, and any other applicable financial documents.
2. Start with personal information: Begin by filling out your personal details, including your name, address, Social Security number, and contact information. Ensure that all information is accurate and up-to-date.
3. Provide household information: Indicate the number of people in your household, including yourself and any dependents. Include their names, ages, relationship to you, and whether they are enrolled in college or not.
4. Report income information: Fill out the income section by accurately reporting your and your parents' income from various sources, such as wages, salaries, self-employment, and other taxable income. Use the appropriate lines to provide all the necessary financial information.
5. Declare tax information: Report your and your parents' tax filing status, such as Single, Married Filing Jointly, or Head of Household. Also, indicate whether you or your parents have completed or will complete a tax return for the tax year in question.
6. Detail asset information: Provide information about your and your parents' assets, including balances of savings and checking accounts, investments, and real estate assets. Be sure to list all assets accurately and include their current market values.
7. Signature and date: Once you have completed all sections of the verification worksheet, sign and date it. If your parents are also required to fill it out, they should sign and date it as well.
8. Submit the worksheet: Submit the completed verification worksheet, along with any supporting documentation, to the appropriate financial aid office of your college or university.

Who needs 2015-2016 standard verification worksheet?

1. Students applying for financial aid: The 2015-2016 standard verification worksheet is typically required for students who are applying for financial aid at colleges or universities. It helps verify the accuracy of the information provided on the Free Application for Federal Student Aid (FAFSA) form.
2. Dependent students: Students who are considered dependent for financial aid purposes will generally need to complete the verification worksheet. Dependency status is determined by several factors, such as age, marital status, and living arrangements.
3. Schools requesting verification: Some colleges or universities may request students to complete the verification worksheet as part of their financial aid application process. This helps ensure that all required financial information is accurate and consistent with the information provided on the FAFSA.

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What is standard verification worksheet?

The standard verification worksheet is a form used to verify the accuracy of information provided on financial aid applications.

Who is required to file standard verification worksheet?

Students who are selected for verification by the Department of Education are required to file a standard verification worksheet.

How to fill out standard verification worksheet?

To fill out the standard verification worksheet, students must provide accurate and complete information about their financial situation.

What is the purpose of standard verification worksheet?

The purpose of the standard verification worksheet is to ensure that students are receiving the correct amount of financial aid based on their true financial need.

What information must be reported on standard verification worksheet?

The standard verification worksheet typically requires information such as income, assets, household size, and other financial factors.

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