Verification and Tax Extensions 2016-2017
A federal tax extension form (IRS Form 4868) will be accepted in place of an IRS Tax Return Transcript per the conditions specified below.
A 2015 federal tax extension form (IRS Form 4868) must accompany copies of all 2015 W-2 forms for each wage earner and/or signed self-employment earnings statements (with an estimated Adjusted Gross Income (AGI)). These documents must be received no later than June 1, 2016, to hold any non-federal financial aid the student may qualify for in their current award.
Please note the following stipulations regarding specific programs:
Institutional and State of Iowa Aid
Need-based (such as the ISU Grant or Iowa Grant) will not be disbursed until an IRS Tax Return Transcript or FAFSA correction using the IRS Data Retrieval Tool is received and the verification process is complete. The verification process may change eligibility for institutional or State of Iowa aid.
All need-based institutional or State of Iowa aid will be canceled if:
- You file your taxes after the October 15th, 2016 tax extension deadline, without written approval from the IRS.
- A 2015 IRS Tax Return Transcript or a FAFSA correction using the IRS Data Retrieval Tool is not received by November 15, 2016.
The Federal Pell Grant, TEACH Grant, or Federal Direct Loans - will be released upon the receipt of a federal tax extension form (IRS form 4868) and appropriate W-2 or self-employment AGI earnings statements as indicated above.