Colleges are required to verify selected applications. The information submitted on the application for federal aid is compared with actual income tax and other data. If necessary, corrections must be made to the application and a new EFC calculated. If you are selected for verification, you must consider the financial aid award tentative, pending completion of the verification process. If your EFC changes as a result of verification, it is likely that your financial aid package will be adjusted.
Federal regulations prevent the release of federal aid resources until verification is complete.
A withdrawal occurs when a student discontinues attending all classes for which enrolled before the end of an enrollment period. Students who withdraw from Carroll must notify the Financial Aid Office and other Carroll offices of the withdrawal. A formal withdrawal card is obtained from the Office of the Registrar. Federal regulations provide that Carroll must determine if a portion of federal aid must be returned to the federal financial aid programs. The determination is made using calculations prescribed by federal regulations.