After accepting the terms and conditions and submitting a decision, any specific requirements for disbursement will be displayed. If a student wishes to accept less than the amount being shown, they can enter a partial amount in a small text box to the right of the accept/decline drop-down menu. By clicking “Continue” on the second page, students come to the final page of the financial aid notification where they choose to accept or decline loans. Click the button at the bottom of the page that says “Continue.” On the page that follows, students will report their fall/spring enrollment hours and any other financial resources. The first page of the financial aid notification will show the Cost of Attendance, Need Calculation and Award Summary. Students access the financial aid notification through the UIC Portal at under the Finances tab. If you filed a Form 1040X amended tax return, you may need to work with your Financial Aid Administrator to ensure that any information you corrected on Form 1040X is reflected in the amounts transferred to your FAFSA.Ī: Students can accept/decline/reduce any federal loan offered to them through the online financial aid notification. The IRS DRT allows you to securely transfer original IRS tax return information, but not Form 1040X amended tax return information. For your protection, the answer to each question is replaced with “Transferred from the IRS.” If you use the IRS DRT to transfer your tax return information from the IRS, the information will not display on your FAFSA. You can either transfer your information from the IRS, or choose to return to FAFSA on the Web. Once authenticated with the IRS, you will be provided with information surrounding your IRS tax information. If you get an error that there’s no match, double check your information, including the exact mailing address on your return. On the IRS Web site, enter the requested information exactly as it appears on your tax return.Your FAFSA will be saved and you will be transferred to the IRS Web site.Students will not be asked to enter their FSA ID if they entered an FSA ID to begin their FAFSA.) (Note: The person whose tax information is being transferred should enter his or her own FSA ID. (Note: If you have already used the IRS DRT to transfer your tax return information into your application, click the “View option to link to the IRS” hyperlink.) Q: How do I complete the IRS Data Retrieval on the FAFSA?Ī: Students and parents who are eligible to use the IRS Data Retrieval Tool (IRS DRT) can access it from within the Free Application for Federal Student Aid (FAFSA) on the student or parent finances pages:
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