The Department of Education may send notification that the student’s FAFSA was selected by the federal processor for verification. Verification confirms the accuracy of the information submitted on the FAFSA. The College is required to complete verification for selected students and to resolve any conflicting information. To comply with these regulations, follow the instructions on the verification worksheet provided by the College via email. Be sure the worksheet contains all required signatures before returning the form to the Office of Financial Aid, Bryn Mawr College, 101 North Merion Avenue, Bryn Mawr, PA 19010.
Verification is complete when all requested forms and documentation have been submitted and reviewed for accuracy. Verification documents should be submitted within 30 days of the initial request, but no later than 120 days after the last day of the student’s enrollment.
If changes are made to the student's award during the verification process, the Office of Financial Aid will send a revised award letter or notify the student by e-mail that changes have been made and can be viewed electronically through her virtual Bryn Mawr account.
IRS Data Retrieval or Tax Return Transcript:
Students and/or parents may be required to confirm FAFSA tax data via IRS Data Retrieval or submit to Bryn Mawr a Tax Return Transcript directly from the IRS. Request a Tax Return Transcript at www.irs.gov/ transcript or call 1 (800) 908-9946. Answer security questions to confirm identity. The IRS site states that a transcript will arrive by mail in five to 10 business days. Alternatively, the student and/or parent may download the Tax Return Transcript online.
Students and/or parents who are not required to file a tax return must provide documentation from the IRS or other relevant tax authority dated on or after October 1, 2016 that indicates a 2015 IRS income tax return was not filed with the IRS or other relevant tax authority.
Documentation includes a verification of nonfiling letter from the IRS. This form may be obtained by completing an IRS Form 4506-T and checking box 7. An IRS form 4506-T may be downloaded at https://www.irs.gov/uac/about-form-4506t.
Bryn Mawr College Office of Financial Aid must resolve conflicting information even if the student is not selected for verification before federal aid can be disbursed. Conflicting information may require a reevaluation of your prior year’s federal financial aid award. Conflicting information could include but is not limited to number of household members, number in college, marital status, tax filing status etc.
If changes are made to the student’s award during the verification process, the Office of Financial Aid will send a revised award letter or notify the student by email that changes have been made and can be viewed electronically through BIONIC.
IRS Data Retrieval
The Office of Financial Aid encourages students to complete their FAFSA on the Web at www.fafsa.ed.gov, using IRS Data Retrieval; an easier, faster way to enter federal income tax information on the Free Application for Federal Student Aid (FAFSA). The process allows electronically submitted tax information to complete specific elements of the FAFSA, simplifying the verification process.
In some cases, students and parents may not be able to use IRS Data Retrieval. Please see detail:
• tax filing status is “married filing separately”
• tax status is “head of household”
• If filed an amended tax return
• If filed a foreign tax return
• If filed paper taxes within the last 8 weeks
If students are selected for verification and cannot use IRS Data Retrieval they must submit IRS federal income tax transcripts for themselves and their parents whose information is required on the FAFSA as well as untaxed income information to Bryn Mawr Office of Financial Aid.
The submission of IRS tax data or IRS tax transcripts does not satisfy Bryn Mawr’s requirement that undergraduate students who apply for non-federal Bryn Mawr Grant submit full signed and dated federal income tax returns, both personal and business, all pages, schedules and attachments, including W2 forms, to the IDOC service.