FINANCIAL AID RENEWAL 2014-15 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 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” 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 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 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 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 IRS TAX RETURN TRANSCRIPT IRS “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 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 REQUIRED RENEWAL DOCUMENTS INTERNATIONAL 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 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 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 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