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Caution: When
you complete an application for financial aid, you are applying
for government funds. Providing false or intentionally misleading
information is a felony punishable by up to five years in prison
and a $10,000 fine. It is the obligation of the Financial Aid Office
to submit the files of students suspected of committing fraud or
attempted fraud to the Inspector General's Office. Students who
commit, or attempt to commit fraud, may also be subject to institutional
disciplinary action.
- Forgetting
to sign the application. Be sure both the student and a parent submit signatures with the application. You can submit "e-signatures" by applying for PIN numbers OR you can print the signature page from the FAFSA and mail it to the federal processor.
- For
income reporting, parents often use
their W-2 form. They should take the Adjusted Gross Income directly
from their last 1040 federal tax return, not from the W-2.
-
When reporting taxes paid, parents often
use the taxes withheld on their W-2 form and not their actual
tax liability. They should list the actual taxes paid as shown
on their last 1040 federal tax return.
- Not
reporting all required sources of untaxed income.
Be sure to include Social Security, child support,
payments from Family Independence Agency (FIA) and payments to tax-deferred pension and savings plan reported on your W-2 forms.
- Divorced
parents sometimes include their ex- spouses' income.
They should list only their income and that of their current spouse.
- Not
following instructions.
Questions? Email the Financial Aid Office at finaid@kettering.edu
or call 800.955.4464 ext. 7859 or 810.762.7859.
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