ISIR Verification Results

The ISIR Verification Results form is displayed in a popup window when you select Verification, complete the verification, and select Finish. See Verify ISIRs.

The results of the ISIR verification process include:

  • Recalculation of the estimated family contribution (EFC)

  • Checks against tolerance limits

Tolerance is defined as a difference of $25 per individual amount field. If you change a monetary value in an ISIR, e.g., Student's Adjusted Gross Income, that is more than $25 in difference (up or down), that change has to be submitted to the CPS for processing. You then have the option to submit the corrections or accept as verified.

If you change a non-monetary value, e.g., Student's Number in College, that change also has to be submitted to the CPS for processing.

Prerequisites

You must have:

  • Common - Student - View authorization

  • Financial Aid - ISIR - View and Edit authorization

Access Method

Select the Students tile > select the name in the Students list > expand Financial Aid > select the ISIRs Received tile > select and Award Year > select an ISIR ID > select Verification > select Finish.

Procedure to Complete ISIR Verification

  1. Perform the Procedure to Verify ISIRs.

  2. After you have verified the ISIR and clicked Finish, review the details and instructions on the ISIR Verification Results form.

    StatusClosed Indicates whether the ISIR is "accurate", "within tolerance", or "not within tolerance".

    ISIR's EFCClosed EFC from the current ISIR.

    New EFCClosed New EFC value when the EFC is recalculated due to changes made during the verification process.

    The Pending Corrections accordion is displayed if changes were made during the ISIR verification. Expand the Pending Corrections to review the details.

    ISIR Verification Messages

    The information on the ISIR Results form depends on the actions taken before Finish is selected on the ISIR Verification form:

    If you selected Finish:

    • without making any changes, the "Accurate" message appears.

    • and made changes within the tolerance range, the "Within Tolerance" message appears.

    • and made changes that are not within the tolerance range, or made non-numeric changes that are automatically considered outside of tolerance, the "Not Within Tolerance" message appears.

    Verification Check Boxes for V4 or V5 Not Selected

    Verification Groups V4 and V5 contain additional check boxes requiring that institutions verify the High School Completion Status and Identity/Statement of Educational Purpose. If these check boxes are not selected, a message will indicate that the verification process for the ISIR is not complete.

    Note: The High School Completion Status check box is not displayed for award years 2022-23 and later because verification of the applicant’s high school completion status is no longer required.

  3. Depending on the verification results, select one of the following options:

    1. Select Cancel to back out of the verification process. You are returned to the ISIR Verification form and your changes are not saved.

    2. Select Submit Corrections to proceed with the verification process. The changes made to the ISIR will be queued up for export to the CPS.

      When you select Submit Corrections, the following occurs:

      • Verification Status is set to "Corrections Submitted".

      • The ISIR is marked "Corrections Pending" on the ISIR Verification form and on the Awards form until the response from the CPS is received.

      • An entry is made in the ISIR Verification History tab to record the Transaction ID, the Verification Status is set to "Selected, Not Verified", the Indicator is set to "Corrections", and the Original EFC, New EFC, User, and Date values are displayed.

      If the EFC changed due to the verification process, the new Recalculated EFC is displayed on the student's Awards form if the campus setup option "Award students with recalculated EFC" is enabled.

      The Submit Corrections button is displayed only if changes were made during the verification process.

    3. Select Accept as Verified to end the verification process. In this case, nothing is submitted to the CPS, the ISIR is accepted as verified, and no further action is required.

      When you select Accept as Verified, the following occurs:

      • The Verification Status is set to "Verified - Accurate".

      • The ISIR is marked "Verification Complete" on the ISIR Verification form.

      • An entry is made in the ISIR Verification History tab to record the Transaction ID, the Verification Status is set to "Verified", the Indicator is set to "Accurate", and equal values are placed in the Original and New EFC fields, and User and Date values are displayed.

      • If the ISIR ID you are verifying matches the ISIR ID currently on the Awards form and the option of using recalculated EFCs to estimate award packages is enabled for the campus, you are prompted to confirm if you wish to use the EFC or the recalculated EFC amount.

      The Accept as Verified button is displayed only if no changes were made during verification, or the changes were within tolerance.