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Financial Aid Information Booklet 2012-2013 Academic Year (Financial aid applicants for the 2012-13 academic year should note some significant changes to the verification process. Please click here to access our Hot Items page, which has a description of these changes.) Verification is a Federal process which requires the institution to check the accuracy of the information a student and/or a student’s parents have given when applying for Federal financial aid. Information is verified by securing additional documentation or, in some cases, a signed statement attesting to the accuracy of the information provided.
The documents necessary to verify these items are described in a letter sent to the student, by Messiah College, at the time that he or she is selected for verification. Corrections to the application data, that result from verification, will be made through the institutions’ need analysis software and submitted to the United States Department of Education’s central processing system, if necessary. Applicants will be informed of any specific actions they must take to correct the application data. No deadlines are established for the submission of verification documents. An award will not be sent, aid will not be disbursed to the student, and Federal Loans will not be originated until verification is complete. Receipt of a final financial aid award notice or loan promissory note constitutes notification to the student that verification has been completed. Receipt of an estimated financial aid award notice does not constitute such notification. If, for some reason, an award was sent prior to verification, a revised award will be sent if the award changes due to verification. If the amount of the revised award is less than the original award and aid that the student is now ineligible for was disbursed to the student, the student will be responsible for repaying the amount of the overpayment. The student will also be responsible for repaying the amount of any aid disbursed if he or she fails to complete the verification process. |