When you complete your FAFSA, you may receive a message which says: “Your FAFSA has been selected for a review process called verification.” All this means is that you may have to take a few extra steps to confirm the information you reported on your FAFSA before you can actually receive any financial aid funds. Please keep in mind that this is nothing to be concerned about. If the verification information matches the information we have already received, it will not have any impact on your financial aid.
Please visit the online financial aid system and view the “Documents” tab to see what we need from you. For the items listed as “Not Received” follow the corresponding instructions listed below for the requirements. Prospective freshmen may view outstanding requirements on MyMIT, but you do not have to complete verification before deciding if you will be attending MIT if you don’t want to.
Any paper documents required for verification should be submitted to IDOC. We cannot accept them directly.
All outstanding requirements should be received by us by 8/1/17. We will be unable to disburse any financial aid funds until verification is completed. If you have not completed this process by the deadline your account may be assessed a Hold Assessment Fee, you will be placed on registration hold that prevents you from registering for the spring term, and you may lose access to Institute services. If you need assistance or have questions about this process, please contact your financial aid counselor. If you believe you have already completed a requirement we are asking for, please let us know.
We may need info from students and/or parents who are listed on the FAFSA. Please follow the instructions only for the documents requested in the online financial aid system (current students) or MyMIT (prospective freshmen).
IRS Data Retrieval or IRS Tax Return Transcript
U.S. Income Tax IRS Data Retrieval through the FAFSA OR 2015 IRS Tax Return Transcript
Use the IRS Data Retrieval Tool for the quickest way to verifiy your information:
- Login to your FAFSA and use the Data Retrieval tool to connect your IRS data to your FAFSA and submit the update to us. If you have already used the Data Retrieval Tool since you first submitted your application, please contact your financial aid counselor to let us know.
- View this short instructional video for more specific guidance: https://www.youtube.com/watch?v=KoiBrTvqgJU.
Or, if you are ineligible or otherwise choose not to use the IRS Data Retrieval Tool to retrieve tax information, we require a copy of your IRS Tax Return Transcript submitted to IDOC.
- You can request transcripts by using the self-help service tools on IRS.gov and clicking on “Get Transcript of Your Tax Records” under “Tools” or by calling 1-800-908-9946.
- Make sure to request the “IRS Tax Return Transcript” and NOT the “IRS Tax Account Transcript.
If you are a non-tax filer
If you did not file a tax return, we will need a non-tax filer statement. These are accessed and submitted through IDOC.
- Please submit documentation for all amounts listed on the statement (W-2, 1099, etc.)
Along with the non-tax filer statement, we will need a Verification of Non-filing Letter from the IRS, also submitted to IDOC:
- You can request the non-filing letter by using the self-help service tools on IRS.gov and clicking on “Get a tax transcript” under “Tools” or by calling 1-800-908-9946.
- If as a non-tax filer you choose “Get Transcript Online,” it will produce the non-filing letter for you.
If you file a non-U.S. Tax Return
Please submit a tax transcript from the government the return was filed with, along with a translation to English (does not need to be an “official” translation) to IDOC.
- If a government tax transcript is not available for free or not at all, please submit a signed statement saying so along with a signed copy of the tax return with a translation (which we would need for your application anyway).
If you amended your tax return
If you had amended your tax return (filed a 1040X), you will not be able to use the IRS Data Retrieval and your Tax Return Transcript will not show the amended figures. Please follow the instructions above for the 2015 IRS Tax Return Transcript and submit it to us along with a signed copy of the 1040X that was filed with the IRS.
Please only submit a verification statement to us if we have requested it from you in the online financial aid system (current students) or MyMIT (prospective freshmen). The statement can be accessed and submitted through IDOC.