34 C.F.R. § 668.56 Items to be verified.
Title 34 - Education
(a) Except as provided in paragraphs (b), (c), (d), and (e) of this section, an institution shall require an applicant selected for verification under §668.54(a)(2) or (3) to submit acceptable documentation described in §668.57 that will verify or update the following information used to determine the applicant's EFC: (1) Adjusted gross income (AGI) for the base year if base year data was used in determining eligibility, or income earned from work, for a non-tax filer. (2) U.S. income tax paid for the base year if base year data was used in determining eligibility. (3)(i) For an applicant who is a dependent student, the aggregate number of family members in the household or households of the applicant's parents if— (A) The applicant's parent is single, divorced, separated or widowed and the aggregate number of family members is greater than two; or (B) The applicant's parents are married to each other and not separated and the aggregate number of family members is greater than three. (ii) For an applicant who is an independent student, the number of family members in the household of the applicant if— (A) The applicant is single, divorced, separated, or widowed and the number of family members is greater than one; or (B) The applicant is married and not separated and the number of family members is greater than two. (4) The number of family members in the household who are enrolled as at least half-time students in postsecondary educational institutions if that number is greater than one. (5) The following untaxed income and benefits for the base year if base year data was used in determining eligibility— (i) Social Security benefits if the institution has reason to believe that those benefits were received and were not reported or were incorrectly reported; (ii) Child support if the institution has reason to believe that child support was received; (iii) U.S. income tax deduction for a payment made to an individual retirement account (IRA) or Keogh account; (iv) Interest on tax-free bond; (v) Foreign income excluded from U.S. income taxation if the institution has reason to believe that foreign income was received; (vi) The earned income credit taken on the applicant's tax return; and (vii) All other untaxed income subject to U.S. income tax reporting requirements in the base year which is included on the tax return form, excluding information contained on schedules appended to such forms. (b) If an applicant selected for verification submits an SAR or output document to the institution or the institution receives the applicant's ISIR, within 90 days of the date the applicant signed his or her application, or if an applicant is selected for verification under §668.54(a)(2), the institution need not require the applicant to verify— (1) The number of family members in the household; or (2) The number of family members in the household, who are enrolled as at least half-time students in postsecondary educational institutions. (c) If the number of family members in the household or the amount of child support reported by an applicant selected for verification is the same as that verified by the institution in the previous award year, the institution need not require the applicant to verify that information. (d) If the family members who are enrolled as at least half-time students in postsecondary educational institutions are enrolled at the same institution as the applicant, and the institution verifies their enrollment status from its own records, the institution need not require the applicant to verify that information. (e) If the applicant or the applicant's spouse or, in the case of a dependent student, the applicant's parents receive untaxed income or benefits from a Federal, State, or local government agency determining their eligibility for that income or those benefits by means of a financial needs test, the institution need not require the untaxed income and benefits to be verified. (Authority: 20 U.S.C. 1094, 1095) [56 FR 61337, Dec. 2, 1991, as amended at 57 FR 39089, Aug. 27, 1992; 59 FR 22067, Apr. 28, 1994; 59 FR 61206, Nov. 29, 1994]
Title 34: Education
PART 668—STUDENT ASSISTANCE GENERAL PROVISIONS
Subpart E—Verification of Student Aid Application Information
§ 668.56 Items to be verified.
