Financial Aid

Federal and Institutional Verification

The U.S. Department of Education selects certain FAFSA applications for a review process called Federal Verification. This is a process that the Office of Financial Aid at NEOMED, along with the Department of Education, will use to ensure the accuracy of the data placed on the FAFSA. NEOMED is not required to review all files selected for federal verification. Students will be informed of required documents needed during the application process.

The following are examples of items reviewed during the verification process:

  • Statement of educational purpose (for those federally selected and asked for by the Office of Financial Aid).
  • Other items requested by the Department of Education. Students will be contacted if the Department requests us to verify additional/conflicting information.

However, NEOMED will review basic FAFSA information of all financial aid applicants for accuracy in a  process called file review. The following are examples of items reviewed during the file review process:

  • Degree seeking and academic level.
  • High School completion status.
  • Statement of educational purpose (for those federally selected and asked for by the Office of Financial Aid).
  • Other items requested by the Department of Education. Students will be contacted if the Department requests us to verify additional/conflicting information.

Students are encouraged to use the IRS Data Retrieval Tool when completing the FAFSA.  Use of the data retrieval tool will result in less paperwork being requested.  Those who cannot or elect not to use the IRS Data Retrieval Tool will be required to submit an IRS Tax Return Transcript.  Students who are not required to file an income tax return will be required to submit a non-filing statement with any supporting W-2 and or 1099 forms, along with verification of non-filing status, obtained from the IRS.

Contact

NEOMED Financial Aid
Phone: 330.325.6275
Email: finaid@neomed.edu

Office

Location: B-206
Hours: 8 a.m. to 5 p.m, Monday through Friday