After submitting your financial aid application, you may be selected for "verification." Verification is the process that your college or the federal government uses to check the accuracy of the information that you submitted. Your college and the U.S. Department of Education may select your application for verification based on the information you submitted. Additionally, the Department of Education randomly selects a certain number of students at each college for verification every year.
If you are selected for verification, you will be contacted by your college's financial aid office. They will explain to you which information they want to verify, for example, how much federal income tax you paid for Year N-2, as well as what supporting documentation you should provide (for example, your IRS Tax Transcript.)
If you're selected, make sure that you respond to the requests for additional information or documentation. Your financial aid award will not be disbursed until your verification process is successfully completed.