So while I was filling in my FAFSA, I asked my mom what was in her total accounts. She gave me a drastically wrong amount, about 3x less than what she actually has. Now my application has been flagged for verification and we are unsure what to do. Should I correct the application to the proper amount? Will I (or she) face any consequences (besides getting less aid)? I’m kind of panicking, any advice is appreciated. Thank you.
So FAFSA was able to figure out that your mother gave you the wrong amount? Is that why it was flagged for verification?
neoking, No. 30% of FAFSA applications are selected for verification, probably because I manually entered her tax information rather than importing it from the IRS.
If they think you purposely lied you could be rejected. You haven’t received any federal aid yet, right? If you had, you’d have to repay it and you could face charges of fraud. I can’t imagine why you’re even contemplating leaving the application as it is. Not correcting is what will get you into trouble.
I would just correct it.
Just correct it. State an error was made.