Some financial aid applicants will be required to verify the accuracy of financial data based upon federal regulations. Creighton University participates in the Department of Education's Quality Assurance (QA) Program and as a result of this project, criteria for the selection of applicants for verification may vary according to population segments or data elements where inaccuracies can commonly occur.
If you are selected for verification, you will be instructed to complete the Creighton Aid Verification Worksheet. Other documents may be requested, such as tax return transcripts, W-2 forms, and documentation of other forms of income. Be sure to periodically check your NEST account for requested items, as they may change. When verification is complete, you will be notified of your eligibility for financial aid through an email directing you to your NEST account.
The US Department of Education requires the IRS tax return transcript to be submitted to the financial aid office rather than copies of the 1040 tax return. The IRS has come up with a simpler and quicker way to download your Federal tax return transcript. Click on the blue box to get started. Allow yourself about 10 minutes to set up your account and verify your identity. After successfully completing the 6 step process, your tax return transcript is immediately downloaded to your computer. Print it out and send it to the Financial Aid office or save it to a computer file and email it to firstname.lastname@example.org. What could be easier!
See what a tax return transcript looks like. Usually it is multiple pages.
Most parents/students selected for verification can bypass the hassle of obtaining Federal Tax ReturnTranscripts by agreeing to the IRS Data Retrieval Tool (DRT) option when filing their FAFSA. While filing the FAFSA, you will be asked if you want the system to do a data match with the IRS. If you agree, the system will automatically access your tax return data and match elements. If you get a notice that you have a successful match, you don't have to send us your Tax Transcript. Here are some key points to remember:
Go here for more information about the DRT.
The Federal Department of Education states that copies of federal tax returns are NOT acceptable for verification purposes. Please do not send them to our office. You must request a federal tax return transcript from the IRS or use the Data Retrieval option outlined in the above text.