financial aid renewal 2014-15. required documents due april 15th 1.2014-15 fafsa: available as of...
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FINANCIAL AID RENEWAL2014 -15
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REQUIRED DOCUMENTS DUE APRIL 15TH
1. 2014-15 FAFSA: available as of January 1, 2014• www.fafsa.ed.gov
2. 2014-15 CSS Profile: available as of October 1, 2013• http://student.collegeboard.org/css-financial-aid-profile
3. Copies of student 2013 Federal Tax Return• Including all schedules & Forms W-2 used to file
4. Copies of parent(s)’s 2013 Federal Tax Return• Including all schedules & Forms W-2 used to file
If you or your parents are not required to file, please submit the Parent and/or Student Statement of Non-filing Tax Status
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FEDERAL VERIFICATION
• A random selection process from the DOE
• Selected students may be required to submit additional documentation or will lose their Federal Financial Aid
• This process is not a secondary review of your award or an “appeal”
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REQUIREMENTS OF FEDERAL VERIFICATION
• 1. The following items may be required by the FA Office for students selected for verification:• Parent and Student IRS Tax Return Transcript or• FAFSA IRS Data Retrieval Tool completed• Verification Worksheet• Non-filing statement• Prior year W-2 statements• Any additional documentation requested by the FA Office
• 2. FA Office Review• 3. New, corrected FAFSA submitted by FA Office• Any changes to aid if applicable
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IRS DATA RETRIEVAL TOOL
• 2014-15 FAFSA: We encourage you to utilize the IRS Data Retrieval Tool when completing your FAFSA
• This allows our office to receive IRS verified information from your/your parent(s)’s tax returns
• This is a requirement for students that are selected for the Federal Verification Process
• If parent or student is unable to use IRS Data Retrieval Tool, we recommend using the IRS Get Transcript Online Tool
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HOW TO USE THE IRS DATA RETRIEVAL TOOL
• Available once the Return has been processed by the IRS
• Not all students will have access to use this tool
• Parent must enter their PIN to Link to IRS
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HOW TO USE THE IRS DATA RETRIEVAL TOOL
• Once on this page, make sure to TRANSFER the tax data by clicking “Transfer Now” & return to the FAFSA
• Do not edit any of the fields that were transferred from the IRS – Doing so will void this process altogether
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IRS TAX RETURN TRANSCRIPTIRS “GET TRANSCRIPT” FUNCTION
• Starting in 2014, tax filers can request their transcripts online to print same day• Tax Filer will need
to create a free account w/IRS to access their data
www.irs.gov/Individuals/Get-Transcript
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IRS “GET TRANSCRIPT” REQUEST
• Select “Higher Education /Student Aid”
• Request the most recent tax year’s Return Transcript (2013)
• You should be able to view and print your transcript after this page
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REQUIRED RENEWAL DOCUMENTSINTERNATIONAL STUDENTS
• 1. 2014-15 CSS Profile or International Student Financial Aid Application (ISFAA)• Available on the Financial Aid Office website & through
the College Board
• 2. International Student Certification of Finances• Available on the Financial Aid Office website & through
the College Board
• 3. Translated copies of parent(s)’s 2013 income/tax documents
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IMPORTANT TO NOTE FOR 2013-14
• 2013 W-2 Statements• Are now available through HR-Info (via student portal)• Information contained therein must be reported on your
FAFSA (Student Finances) whether or not you will file a Federal Tax Return
• Student Portal Update• Link to Student Portal now available on the financial aid
website: www.pomona.edu/financialaid
• My Financial Aid “Documents” tab now includes forms/links to documents that are required for your file
• Documents needed for 2014-15 will appear on the Student Portal by June 1st
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IMPORTANT TO NOTE FOR 2014-15
• Outside Scholarships• Students are responsible for the renewal of their outside scholarships• Failure to renew your outside scholarship will not result in additional
grant assistance to cover the difference
• Loan Requests• Must be submitted to our office by June 16th in order for your loan to
be processed in time for the 1st bill
• Restricted/Endowed Scholarships• Financial Aid Award letters may include Restricted or Endowed
Scholarships as part of your package• These are a component of your aid award – they do not provide
additional aid• The Scholarship Data Sheet will be required if awarded• Office of Donor Relations will contact you regarding thank you letters
in the Fall
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IMPORTANT DATES
• April 15th – Financial Aid Application due
• May 30th – 2014-15 Financial Aid Packets mailed• For students that submit their completed application by
the deadline
• June 16th – Loan Requests due in time for 1st bill
• July 10th – 1st bill for Fall 2014 mailed
• August 1st – Fall Account Balance or 1st Payment due