3Criteria for independent students: Standard Verification Tracking Group (IndV1)

The V1 verification tracking group is the Standard Verification Group.

Tax filers must verify this information:

• Adjusted gross income
• Income earned from work
• US income tax paid
• Untaxed portions of IRA distributions
• Untaxed portions of pensions
• IRA deductions and payments
• Tax-exempt interest income
• Education credits
• Foreign income exempt from federal taxation
• Family size

Non-tax filers must verify this information:

• Income earned from work
• Family size

Students with ISIRs that have any one of these Incarcerated Applicant flag values aren't required to complete standard verification requirements (V1).

• 1 (Correctional Facility Address file)
• 2 (Received via P.O. Box at IDC)
• 3 (Incarcerated Applicant Flag set in FAA Access)

Baseline configuration has been updated so that no documents are requested for this population, and they automatically clear standard verification (V1).

The Independent Verification Worksheet is only requested in scenarios where the Student Updated Family Size or Assumed Student Family Size values aren't blank. When these values aren't blank, the student must provide all of their family information.

The Rollover Statement is only requested from Student or Student Spouse if these fields have a value greater than 0:

• Student Untaxed IRA distributions
• Student IRA deductible and payments
• Student Untaxed Portions of IRA Distributions
• Student IRA Rollover
• Student Spouse Untaxed IRA distributions
• Student Spouse IRA deductible and payments
• Student Spouse Untaxed Portions of IRA Distributions
• Student Spouse IRA Rollover

One of the following documents—Tax Return Transcript, 1040, 1040x, or Foreign Tax Transcript—is requested from Student or Student Spouse if the following fields have a value greater than 0:

• Student Foreign Income Tax Exclusion
• Student Spouse Foreign Income Tax Exclusion