This Tax Matrix can be used to assist schools when verifying tax data on a student’s ISIR (skip to definitions to learn what an ISIR is). Because the IRS Tax Return Transcript doesn’t have line or item numbers AND uses different terminology than the FAFSA, matching tax data to a student’s ISIR can become confusing quickly. That is where this matrix comes in!Read More
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If you are new to Financial Aid or a student who was just notified by their school that they were selected for Verification, you might be asking yourself WHAT is this? To put Verification in layman’s terms, it is the process of reviewing the information a student provided on their FAFSA.