<p>Does anybody know when the school starts to audit students who get financial aid? Is it really random and if the figures are different to they just adjust your package?</p>
<p>Are you talking about the financial aid verification? I had one of these forms sent to me a couple days before I was accepted to Berkeley.</p>
<p>All I know is that they require a copy of your tax returns.</p>
<p>Yes, they require a copy of your tax forms. Also, ask your parents to fill out the form they give you for the verification. However, this might have to be mailed to them, but you can call them to check, if you can fax them.</p>
<p>Because my parents weren’t sure about the property value of their house, the financial aid office asked them to fax a copy of their mortgage statement from March.</p>
<p>Actually, I never received that form. I have only heard rumors and was asking since the figures are not the same and I dont want to go through that whole ordeal of making a change on my FAFSA.</p>
<p>The only verify if you are selected randomly for verification or if they have some reason to suspect an issue.</p>
<p>I believe you would know it in the spring prior to the school year if you are selected.</p>
<p>NHSHArvard-Why would your parents need to know the value of their home? FAFSA does not ask about your primary residence at all, so unless it is a second home there would be no reason to supply a mortgage stmt</p>
<p>FAFSA includes supplemental questions requested by various schools, some of which do indeed ask for the value of the home, and others ask about retirement accounts. It is triggered by the list of schools when you fill out the application. </p>
<p>If the UCs don’t care, they won’t have looked at those supplemental answers and won’t care. The FAFSA calculation of EFC doesn’t include the home value, but some schools ‘determine’ the family contribution by assuming you will sell your home and move into an apartment in order to minimize financial aid costs to the school. I am just reporting this, not justifying it.</p>
<p>I had a Parent Income Verification audit (I usually do – my dad’s self-employed so the FAFSA tends to look weird), and this was all done way back in April/May. Received my financial aid offer earlier this month.</p>
<p>I’d say unless something happens that makes your numbers look off, you’re safe from audits until next FAFSA.</p>