"Submitting the Free Application for Federal Student Aid isn't the final step families take to receive federal financial aid. In addition to providing information requested by their chosen school, some filers are asked to provide documentation through a verification process to confirm the accuracy of their FAFSA form," U.S. News and World Report writes.

..."About 17% of FAFSA forms were selected for verification during the first three quarters of the 2021-2022 cycle, according to a 2021 NCAN/National Association of Student Financial Aid Administrators report. The U.S. Department of Education set goals to decrease overall verification rates in recent years. From 2018-2019 to 2021-2022, for example, overall selection rates decreased by 10 percentage points."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/10/2022