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4 Independent erification Worksheet. Your application was selected for review in a process called ?erification.? In this process, the school will be comparing information from your Free Application for Federal Student Aid (FAFSA), by verifying your high school completion and your identity.
Reconciliation ? The process by which the appraiser evaluates, chooses, and selects from among alternative conclusions to reach a final value estimate. During the appraisal process, generally more than one approach is applied, and each approach typically results in a different indication of value.
The verification process involves submitting documents such as tax transcripts and W-2 forms so the financial aid office at your college can see that the information on these documents matches your FAFSA application.
The V4 and V5 groups will be required to submit proof of identity and a signed statement of educational purpose (SEP); however, they will no longer be able to use expired documents for proof of identity. In addition, Identity documents must be presented in the financial aid office at the time the SEP is signed.
Reconciliation ? The process by which the appraiser evaluates, chooses, and selects from among alternative conclusions to reach a final value estimate. During the appraisal process, generally more than one approach is applied, and each approach typically results in a different indication of value.