2017-18 FAFSA Verification Standards

APPLY FOR FINANCIAL AID EARLIER THAN BEFORE

The IRS Data Retrieval Tool (IRS DRT) allows the student/parent to transfer their 2015 income tax return information onto the 2017-18 FAFSA application.

NOTICE


The IRS Data Retrieval Tool (DRT) is currently off-line and not available for use.  The U.S. Department of Education expects the DRT to be operational in OCTOBER, 2017.   You can still submit your FAFSA application but you will be required to manually enter income information from your tax return as detailed below:  

NEW FOR 2017-18....
You will provide 2015 income information on your 2017-18 FAFSA. Since most families already have their 2015 income taxes completed and filed, you will not submit the FAFSA application with income ‘estimates’ OR have to wait until next year’s tax return has been filed. See additional details above on how to “Apply for Financial Aid Earlier Than Before”.


  • You may be selected for verification and, if selected, students/parents MUST submit an IRS Tax RETURN TRANSCRIPT to the MSU Financial Aid Office -- copies of signed tax returns will no longer be accepted (unless a foreign tax return has been filed or identity theft has occurred). Also, if selected, documentation will be required if a student/parent reports Child Support PAID or receipt of SNAP benefits (formerly, the Food Stamp program) on the FAFSA.
  • For taxpayers who filed an AMENDED IRS Income Tax Return, please provide both of the following:
  • An IRS Tax Return Transcript (which does not have to be signed), AND
  • A signed copy of the IRS Form 1040X that was filed with the IRS OR a “Record Of Account Transcript” (which is available at www.irs.gov). 
  • Student and/or parent nontax filers OR tax filers who received an extension who still have not filed their 2015 income tax return must provide confirmation of non-filing DATED ON/AFTER OCTOBER 1, 2016.  Student and parent confirmation of non-filing can be obtained from the IRS (irs.gov) using Form 4506-T (check Box 7) AND enter the date of 12/31/2015 (Box 9).  If appropriate, a similar confirmation from another taxing authority (e.g., a U.S. territory or a foreign government) is also acceptable.

  • If a student/parent reports income-earned-from-work but did NOT file a tax return, student/parent must submit W2’s to the MSU Financial Aid Office to document the income earned from work.
  • To request a FREE copy of you/parent IRS Tax RETURN TRANSCRIPT, note these options:

    • Online – IRS.gov (5-10 calendar days)
      • Under the Tools heading, click “Get A Tax Transcript”
      • Then click “Get Transcript Online”
      • NOTE: be sure to request the IRS Tax Return Transcript,  NOT the IRS Tax Account Transcript!
    • By Mail – IRS.gov (5-10 calendar days)
      • Under the Tools heading, click “Get A Tax Transcript”
      • Then click “Get Transcript  By Mail”
      • NOTE: be sure to request the IRS Tax Return Transcript,  NOT the IRS Tax Account Transcript!
    • By phone – 1-800-908-9946 (5-10 calendar days)
    • Paper Request Form – IRS Form 4506T (up to 10 calendar days)