Keep Copies of Tax Filing Documents For Financial Aid Purposes

Keeping copies of tax returns is a critical step in seeking financial aid.

“Most importantly, as soon as students or parents file their tax forms, they need to make sure they keep actual copies of their federal tax return, schedules and W-2 forms,” Sheryll Marshall, coordinator of financial assistance said.  “They will need these documents to complete the financial process for any semester the plan to enroll.”

This is especially important to remember, she said, because many people do their taxes online, or with tax preparation software and only retain a receipt showing they filed electronically. 

“Any students who are planning to apply for assistance for the first time to start college during a summer term will also need to present the same documents from previous year tax return,” she added.  “Having this information when you come to our office will speed up the process.”

Marshall almost reminds students and parents to make sure tax forms are filed correctly because the financial aid office is obligated to know the following information:

1. Whether or not an individual was required to file a tax return
2. What an individual’s correct filing status  should be
3. That an individual cannot be claimed as an exemption by more than one person.

Most awards are issued on a first come, first serve basis so Marshall encourages students to make the time to come by the office and apply as soon as possible. The office is open from 8:00 am to 6:30 pm Monday through Thursday.

More information about these programs is available by visiting the Office of Student Financial Assistance Webpage or by calling the office of student financial assistance at 843-921-6939, or by visiting the office on the campus of NETC Cheraw.