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2015 – 2016 Independent Student Verification Worksheet (V5) Your application was selected for review in a process called Verification. You will need to provide certain documents as part of this
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How to fill out 2015-2016 independent:

01
Gather all relevant financial documentation for the specified time period, such as tax returns, bank statements, investment statements, and other income or expense records.
02
Review the instructions provided with the 2015-2016 independent form to understand the requirements and any specific information that needs to be reported.
03
Provide accurate and complete personal information, including your name, address, social security number, and any other identification details requested.
04
Report your income for the 2015-2016 period, including wages, self-employment earnings, dividends, interest, rental income, and any other sources of income received during that time frame. Ensure that all income is properly documented and reported according to the instructions provided.
05
Deduct any applicable expenses or deductions allowed for the 2015-2016 period. This may include business expenses, educational expenses, retirement contributions, and other qualifying deductions. Make sure to review and follow the instructions on the form to claim these deductions accurately.
06
Provide information on any assets or investments owned during the 2015-2016 period, such as real estate, stocks, bonds, or other financial accounts. Follow the instructions to report these assets correctly.
07
Complete any additional sections or questions on the form that pertain to your specific financial situation during the 2015-2016 period. Double-check your responses for accuracy and completeness.
08
Sign and date the form, certifying that all the information provided is true and accurate to the best of your knowledge.
09
Keep a copy of the filled-out and signed form for your records and submit the original form as directed in the instructions. Make sure to meet any deadline specified for submission.

Who needs 2015-2016 independent?

01
Individuals who were financially independent during the 2015-2016 period and do not qualify as a dependent for tax purposes.
02
Students or individuals applying for financial aid or scholarships that require information on their own income and assets rather than their parents or guardians.
03
Individuals who need to provide documentation of their financial status for various purposes, such as credit applications, loan applications, or housing applications.
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Independent student verification is a process where a student's financial information is reviewed to confirm their eligibility for financial aid.
Students who are selected by the Department of Education's FAFSA process for verification are required to file independent student verification.
Independent student verification is typically filled out online through the student's financial aid portal, where they will be asked to provide additional documentation to support their financial information.
The purpose of independent student verification is to ensure that the financial information provided by students is accurate and to prevent fraud in the distribution of financial aid.
Students may be required to report their income, household size, and other financial information as requested by the school's financial aid office.
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