ChapterTitle: Completing the Verification Process
Section: If Verification Reveals Incorrect or Outdated Information
In completing the verification process, you will likely discover some
errors or inconsistencies in the application information. Depending
on the nature of these discrepancies, you may require the applicant
to update or correct the application data.
Corrections vs. Updates
When a student applies for federal student aid, he or she provides a
"snapshot" representation of the family's financial strength as of the
date the application is signed. If the information on that application
is inconsistent with the documentation provided by the student, the
student either reported some information incorrectly or the
information has changed since the application was completed.
If the information was reported incorrectly, the student must
CORRECT the data unless the errors are within a predetermined
tolerance level. Tolerances and corrections are detailed later in this
If the information was correct when the application was filed but has
since changed, the student is only required and allowed to UPDATE
the application under certain circumstances (see the next section).
THE PROCEDURES FOR CORRECTIONS AND UPDATING
APPLY TO ALL FEDERAL STUDENT AID APPLICANTS, NOT
ONLY THOSE WHOSE APPLICATIONS ARE SELECTED FOR
VERIFICATION. HOWEVER, IF A STUDENT'S APPLICATION
IS SELECTED FOR VERIFICATION, YOU MUST
COMPLETELY VERIFY THE REQUIRED DATA ITEMS PRIOR
TO CORRECTIONS OR UPDATING.