Returning Students: Getting Your Financial Aid Posted to Your Account

Your BU Scholarship Assurance aid will be renewed and posted to your account after satisfactory academic progress is reviewed. The CSS PROFILE is not required for the renewal of BU Scholarship Assurance aid and neither is income verification.

If your FAFSA was selected for federal verification or if you are not a prior recipient of BU need-based scholarship aid, verification of family income and other information reported on your aid applications may be required.

Items needed to verify information you reported on your financial aid application are listed on the Student Link. Complete each of the requirements below ONLY if they are listed on the Student Link. Submit all documents directly to BU Financial Assistance:

  • Submit signed (even if e-filed) 2015 federal income tax returns, as submitted to the U.S. Internal Revenue Service (IRS), including all schedules.
  • If you or your parents were not required by the IRS to file a 2015 tax return, complete and submit an Income Verification Form.
  • If you elected to use the IRS Data Retrieval Tool (DRT) when you completed your FAFSA:
    • BU will access student tax returns via the IRS DRT
    • BU still requires that you submit signed copies of your parents’ tax documents to BU

  • Submit 2015 W-2 Forms for all sources of earned income.

  • If you can submit signed 2015 federal tax documents, they will complete the requirement for both BU and federal income verification, and no further action is required on your part. However, if you do not have access to your 2015 federal tax documents, you must submit a 2015 IRS Tax Return Transcript to verify your and your parents’ income for federal verification. You can request a Tax Transcript online, by telephone, or by mail.
    • Online: go to www.irs.gov
      • under “Tools” select “Get Transcript of Your Tax Records”
      • then select “Get Transcript by Mail” and click “OK”
      • enter taxpayer SSN, Date of Birth, Street Address, Zip Code and click “continue”
      • select “Return Transcript” (not “Account Transcript”)
      • select “Tax Year” (i.e., 2015) and click “Continue”
    • By Telephone: 1-800-908-9946 (7:00 AM – 10:00 PM)
      • follow prompts to enter taxpayer SSN and address
      • select “Option 2” for “IRS Tax Return Transcript” and enter “2015”
      • if successfully validated, transcript should be received at taxpayer address within 5 – 10 business days
    • By Mail:
      • Complete IRS Form 4506-T (Request for Transcript of Tax Return)
      • Mail or fax completed form to the IRS at the address/fax number on page 2 of for 4506-T
      • if successfully validated, transcript should be received at taxpayer address within 5 – 10 business days

  • If you or your parents did not and are not required by the IRS to file a 2015 U.S. income tax return
    • Submit a Parent or Student Income Verification Form.
    • Submit W-2 forms for all sources of earned income with the Income Verification Form.