In accordance with U.S. Department of Education regulations, Walden University is required to verify the accuracy of financial aid application information for selected students. The U.S. Department of Education and/or Walden University may randomly select students for verification or may select students on the basis of predetermined criteria. Students selected for verification are 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, identification documents, and a signed Educational Statement of Purpose. 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 students are required to submit their tax information, he or she must submit an official IRS tax return transcript.
Students can obtain an IRS Tax Transcript, free of charge, by: (1) ordering a transcript online at www.irs.gov, Get a Transcript ONLINE; (2) ordering a transcript online at www.irs.gov, Get Transcript by MAIL; (3) calling 1-800-908-9946; or (4) filling out IRS Form 4506T-EZ https://www.irs.gov/pub/irs-pdf/f4506tez.pdf and submitting it to the IRS.
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 the verification process 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 U.S. Department of Education Office of the Inspector General or to local law enforcement officials.