In an effort to simplify the financial aid process with the Data Retrieval Tool outage, the Department of Education has announced that rather than collecting tax return transcripts, institutions may consider accepting a signed paper copy of the tax return for verification documentation.
What does this mean for you?
Students and families who have been requested to submit a 2015 IRS Tax Return Transcript may submit a signed paper copy of the 2015 Tax Return in lieu of the TRT.
In addition, students and families selected for verification of nonfiling will no longer be required to provide documentation from the IRS or other tax authorities that show they, their spouse, or their parents did not file a tax return. However, these students must still provide a signed statement “certifying that the individual has not filed and is not required to file a 2015 income tax return,” as well as a document listing the amount and sources of any income from that year. They must also submit a copy of a W-2 (or an equivalent document) for any source of employment from that year.
Students and families needing additional information regarding which documentation is needed to process their financial aid may contact the NCMC Financial Aid Office at 660-359-3948, ext. 1513 or [email protected].
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