IDOC=Parents income tax returns

<p>MIT has received the FAFSA, IDOC, and PROFILE. However, the FA status page indicates that my parents income tax return is missing. Isn't the IDOC the same as the tax return?! And assume I am admitted, will I lose my elegibility for aid?</p>

<p>i'm pretty sure that you have to send in your parents' income tax return separately.<br>

[quote]
And assume I am admitted

[/quote]

^^just wondering how you came to this conclusion. i'm not saying you're not qualified or anything, just wondering why you assume^^</p>

<p>Squiggle, I think he was saying, "if I were admitted, would I still be eligible for aid?" The use of the word "assume" creates a hypothetical scenario that he asks a question about in the latter clause. Heh. Semantics.</p>

<p>Anyway, yeah, if you send your stuff to IDOC, MIT should have received it. I suggest you call the office of financial aid.</p>

<p>quoted directly from mit's website:
"Please note: If the 2005 federal income tax return is not yet available, send the 2004 return and 2005 W-2 forms by the March 1 deadline directly to MIT, and, as soon as it is completed, send the 2005 federal income tax return to the College Board using the IDOC Cover Sheet."
-did you already send the 2005 forms or did you send 2004's? i know that at the time when i sent in my financial stuff, the 2005 forms weren't ready yet so i had to send in 2004's and eventually sent in the 2005 forms using idoc.
-zogoto: lol that was unnecessary and lengthy
best of luck to all!</p>

<p>wait is fafsa necessary? i thought tax returns, CIS were enough.</p>

<p>from <a href="http://web.mit.edu/finaid/forms/forms.html%5B/url%5D"&gt;http://web.mit.edu/finaid/forms/forms.html&lt;/a&gt;&lt;/p>

<p>
[quote]
If you wish to apply for scholarship, job and loan assistance from MIT, we must receive the following documents from you by March 1, 2006: </p>

<ol>
<li><p>Free Application for Federal Student Aid (FAFSA)
If you are a U.S. citizen or permanent resident, you and your parents must complete the 2006-2007 FAFSA online at <a href="http://www.fafsa.ed.gov%5B/url%5D"&gt;www.fafsa.ed.gov&lt;/a> (alternatively, the paper version is available from your high school guidance office). File the FAFSA as soon as possible after January 1 and designate MIT as a recipient by using our name, address and federal school code of 002178. </p></li>
<li><p>CSS PROFILE Application
If you are a U.S. citizen or permanent resident, you and your parents must also complete the 2006-2007 CSS PROFILE application. You may register online at profileonline.collegeboard.com. Be sure to designate MIT as one of the recipients using our code number of 3514. In addition, MIT requires you to answer CSS Supplemental Questions specific to MIT. </p></li>
</ol>

<p>For planning purposes, you may preview the CSS Profile Section Q Questions (Supplemental Questions) here. </p>

<ol>
<li><p>CSS Business/Farm Supplement
If you are completing the CSS PROFILE application and either parent is self-employed or owns any part of a business or farm, s/he will need to submit the CSS Business/Farm Supplement (sent to you with the CSS PROFILE application) for each business or farm in which any interest is held. </p></li>
<li><p>Complete copies of your parents’ 2004 federal income tax return (including all schedules and W-2s) </p></li>
</ol>

<p>If you are a U.S. citizen or permanent resident, we will require a copy of your parents’ most recent tax return before we can determine your eligibility for financial aid. Upon completing the CSS PROFILE application, you will be sent an IDOC (Institutional Documentation Service) Cover Sheet by the College Board. You will use the IDOC Cover Sheet to submit your 2004 federal income tax return, miscellaneous schedules, and W-2 forms. If you or your parents own corporations, partnerships or trusts, please include copies of those tax returns (Forms 1041, 1065, 1120, 1120S, K-1). </p>

<p>Please note: If the 2005 federal income tax return is not yet available, send the 2004 return and 2005 W-2 forms by the March 1 deadline directly to MIT, and, as soon as it is completed, send the 2005 federal income tax return to the College Board using the IDOC Cover Sheet. </p>

<ol>
<li>Student Information Review Form for Freshmen</li>
</ol>

<p>If you are accepted to MIT and are offered a scholarship, you must fill out this form. A link to this form will be posted later in 2006. </p>

<ol>
<li>Self-Help and Outside Award Reply Form</li>
</ol>

<p>If you are accepted to MIT and are offered self-help as part of your financial aid package, you must fill out this form. A link to this form will be posted later in 2006. </p>

<p>Separated or divorced parents: </p>

<p>If your parents are separated or divorced, we also require your non-custodial parent to submit a web-based Noncustodial Parent’s Profile (at the end of the registration process for the PROFILE application, you will receive further information on how to fulfill the noncustodial parent requirement). Additionally, we will need copies of 2005 federal income tax return and W-2 forms from the non-custodial parent. This information will be requested as part of the IDOC process highlighted above in the section on federal tax return. </p>

<p>International students: </p>

<p>Incoming students from countries other than the U.S. must complete the International Student Financial Aid Application by March 1, 2006. If your parents are separated or divorced, each parent must complete a separate copy of the International Student Financial Aid Application. </p>

<p>Please provide a complete copy of your national income tax form along with your application for financial aid to MIT. If your country does not have an annual income tax form, please send a letter from each parent’s employer(s) indicating salary earned in local currency. Please completely translate ALL materials into English. </p>

<p>Special circumstances: </p>

<p>If your family has special circumstances or unusual expenses, please submit a detailed letter directly to the College Board as part of your IDOC packet to help us better understand your financial situation. MIT will be able to retrieve images of every piece of paper you send, so the assistant director of Financial Aid assigned to you will be able to read your comments about any special circumstances you may share with us.

[/quote]
</p>

<p>
[quote]

And assume I am admitted, will I lose my elegibility for aid?

[/quote]

Although I heartily second zogoto's recommendation to call the financial aid office and check that you're all squared away, you won't lose eligibility for aid if you don't have the form in yet. You probably won't get a financial aid package right away, but you'll get one eventually.</p>

<p>Seriously guys, my dad sent in my forms in JULY two years in a row and I still got grants and all that. July. This is March. Everything will be okay. The financial aid people are very nice, and the financial aid buckets at least somewhat overfloweth. ;)</p>

<p>There must be something wrong with the system. I am an international student and my country doesn't have income tax forms. I explicitly stated that in my application and provided letters from employers. However at MyMIT they say tax forms are missing. Should I call them?</p>

<p>Yes lol call them.</p>