Per the US Department of Education, Walden University is required to verify the accuracy of financial aid application information for a random selection of students. Walden University strongly suggests that all students who are eligible and who filed a 2012 or 2013 Federal Tax Return use the IRS Data Retrieval tool when filling out their 2013–2014 or 2014–2015 FAFSA on the Web. This process may expedite the verification and awarding process and possibly alleviate the need to submit IRS tax return transcripts. The US Department of Education and/or Walden University may also randomly select students for verification or may select students on the basis of predetermined criteria. Students selected for verification may be required to submit additional information. Additional information for the verification process may include, but is not limited to: IRS tax return transcripts, W-2s, official proof of High School Completion Status, and identification documents. If you are selected for verification, the documents that you will need to submit to the Office of Financial Aid will be scheduled on your myFinAid page under the “Documents” tab. If a student is required to submit their tax information, he or she must now submit an official IRS tax return transcript if they do not use the IRS Data Retrieval Tool (DRT) successfully. Students can obtain an IRS Tax Return Transcript by: (1) Ordering a transcript online at www.irs.gov , Get Transcript of your Tax Records. (2) Calling 1-800-908-9946 to request a copy to be mailed to you through an automated system, (3) filling out Form 4506T-EZ www.irs.gov/pub/irs-pdf/f4506tez.pdf and mailing it to the IRS, or (4) using Smart Phone Mobile app IRS2Go.
In addition, for the 2013-2014 award year and forward, students who are randomly selected for verification may also have to provide to the Office of Financial Aid their High School Completion Status documentation, proof of their identity, and a signed Educational Statement of Purpose.
Once the required documents are received in the Office of Financial Aid, the normal processing time is 7-14 business days.
Participation in the verification process is not optional. If you do not complete it by the end of the enrollment period, you will not be able to receive federal financial assistance for that award year.
Please be aware that if you intentionally misreport information and/or alter documentation for the purpose of increasing aid eligibility or fraudulently obtaining federal funds, you will be reported to the US Department of Education Office of the Inspector General or to local law enforcement officials.