How do I know if I am Selected for Verification?
The Financial Aid office will send you an email notification that you are selected for verification and what documents you need to submit to our office.
How do I know which IRS Federal Tax Transcripts to request?
Using the IRS Data Retrieval Tool when you complete your FAFSA on the Web is the best, fastest, and easiest way to verify income.
- Use your 2012 tax information when completing the 2013-14 FAFSA
If you were selected for verification and you (or spouse, or if dependent your parent) were unable to use the IRS Data Retrieval Tool; or, Franklin sent you an email requesting your 2012 IRS Tax Transcript you MUST request a "transcript" of the federal tax return you filed with the IRS (2012 for the 2013-14 year). A copy of a tax return is not acceptable).
There are two ways to request a tax transcript from the IRS:
1) By phone at 1.800.908.9946 -ask for a Return Transcript for the appropriate year; or,
2) Online at www.irs.gov. Under the Tools tab, click on Order a Return or Account Transcript. Under Step 3 on the next page, click on Order a Transcript and when asked what type, choose Return Transcript.
NOTE: If you (or your spouse, if married; or parent if a dependent student) filed an Amended Federal Tax Return (1040X), a SIGNED copy of your 1040X must be attached with the Return Transcript from the IRS and submitted to our office.
Do not complete these forms unless you have received a request from our Financial Aid office. The forms are available on our Financial Aid Forms page. First, select the appropriate year button, then scroll down to Verification Forms (Independent Verification Worksheet, Dependent Verification Worksheet, Support of Household Members). Print out the forms our office requested. Complete the forms in blue or black ink and submit them to our office.
Franklin University will not be able to process your financial aid until all requested information is received. As with all requests from University offices, please respond as quickly as possible.
New requests for documents or information may arise throughout the year. Please respond to any requests for information.
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