[Oasfaa] FSA Verification Guidance & Required Documentation Question

[Good, Linda]

We happily started taking 1040s, etc. yesterday right after we got the word from NASFAA.  So now our students and parents have three options-use the IRS DRT, get us a tax return transcript, or give us a signed copy of their 1040/1040A/1040EZ.

My impression from the announcement at FSA that going back to accepting 1040s was long-term.  I don't believe the information was put out there as a Plan B just in case the government shutdown.  I'd be curious to hear from others who heard the announcement at FSA.  What was your impression?

Happy start of spring semester, everyone!
Linda

Linda Koehn Good, M.S.
Associate Director, Client Services
Office of Scholarships & Financial Aid
Oklahoma State University
119 Student Union | Stillwater, OK 74078
405-744-7568
financialaid.okstate.edu<https://financialaid.okstate.edu/>

[cid:image001.png at 01CD3500.5B9D73D0]<financialaid.okstate.edu>

From: OASFAA [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Karen Jeffers
Sent: Thursday, January 10, 2019 12:44 PM
To: oasfaa at lists.onenet.net
Subject: [Oasfaa] FSA Verification Guidance & Required Documentation Question

**External Email - Please verify sender email address before responding.**
Greetings Colleagues!

Since FSA released guidance about changes to 2018-19 and 2019-20 verification requirements<https://ifap.ed.gov/eannouncements/010919Chngsto1819and1920VerificationReq.html>, I am curious what other institutions are doing.  Do you plan to revert back to accepting signed 1040s or are you sticking to the IRS tax return transcript?   I realize that this guidance comes at a time when students are experiencing issues with the IRS' online "Get Transcript" due to scheduled maintenance, so I'm not asking about short term solutions to the current problem.  I am, however, looking for your long term plans with your overall verification policy and any adjustments your institution is making to the required documentation that you will accept  (specifically, IRS tax return transcripts and non-filing letters).

Thank you,
Karen

Karen Jeffers
Director of Financial Aid & Scholarships
Tulsa Community College
3727 E Apache St
Tulsa, OK 74115

Northeast Campus  SU 205D
918-595-7362
karen.jeffers at tulsacc.edu<mailto:karen.jeffers at tulsacc.edu>

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