Financial Aid verification is the process of checking the accuracy of the information supplied by students and their families when applying for financial aid. Institutions are required to perform federal verification on a portion of their aid applicants for the purpose of awarding Title IV aid. Financial Aid provides you with a flexible setup to meet the requirements for federal and institutional verification.
You can set consolidation parameters for batch consolidation and set parameters to verify batches and run the processes. You can review consolidated tax information for a parent and student and also review a detailed summary of the verification information.
Upon completion of this lesson, you will be able to:
• Verify resource and household information.
• Use auto verification.
• View application history.
• Use INAS simulation.
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