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New York Film Academy
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New York Film Academy Financial Aid

Verification Process

A completed FAFSA may be selected for a process called Federal Verification for a variety of reasons. In most cases, the FAFSA is selected by the US Department of Education (US ED). Federal regulations require that the student provide documentation to substantiate the information reported on the FAFSA before determining eligibility for Need Based programs like Federal Grant and Subsidized Stafford Loans.

Application Review
The verification process requires that information from the student 's application be compared with copies of the student 's, spouse's (if married) and parent's (if dependent) federal tax transcripts, or financial documents. Other documentation may be required as it applies to the information on the application. Notification to students is sent via e-mail (NYFA e-mail account) stating that there are outstanding requirements.

All students selected for verification must also submit a Verification Worksheet. Please do not complete these forms unless you have been instructed to do so. Electronic documents will be sent for completion and e-signature and returned to the Financial Aid Office. Emailing verification documents presents a significant security risk and email should not be used to provide personally identifiable documents. Please respond to all requests for information timely to avoid processing delays.


Data Corrections
The financial aid administrator will make corrections to the FAFSA based on the information supplied. Once the corrections are completed a new FAFSA will be processed and returned to NYFA. Allow 10 business days for the verification review process and an additional 5 business days for corrections to be made and transmitted. Once the verification process is completed the student  will be contacted within 5 business days (depending on the number of applications being reviewed).

Deadlines

All required documents should be submitted to the Financial Aid Office no later than 10 business days from the initial date of request. Email reminders will be sent requesting the completion of verification documents and supporting documentation. Delay in submitting all required documents may cause a delay in the delivery of the Tuition Finance Plan. Enrolled students are expected to apply for financial resources and complete the verification process before the term has ended. Otherwise, the student is in jeopardy of not receiving any Federal funding for their period of enrollment. A Pell Grant recipient must complete the entire process before the Pell Grant Program deadline in September or 120 days after the last day of the student 's enrollment whichever is earlier. If the process is not complete the student is not eligible for Pell for that award year. Students who have not completed the verification process within the required period will receive a letter of explanation. Please contact the financial aid office for guidance through the verification process.

Applicants and students that complete and return all required documentation within 30 days prior to the beginning of the semester will be included in priority disbursement processing, all others may experience delayed disbursements due to the delayed response to requested documentation.


New York Film Academy Disclaimer
New York Film Academy Disclaimer