Answer

A FERPA form can be completed which gives permission to disclosure higher-level financial aid information to a third party the student designates.  However, students and contributors should be aware that FERPA does not authorize the sharing of FTI data.  FTI data transferred from the Internal Revenue Service (IRS) may only be shared with the student upon request with the Office of Financial Assistance.  These data elements are considered highly protected by IRS Code and are only able to be used by higher education institutions for the purpose of administering financial aid programs, including determining eligibility and amounts of Title IV aid.  

The following information is included in FTI:

  • Tax Year (ex. Award year 2025-26 is based on 2023 tax year information from the IRS)
  • Tax Filing Status
  • Adjust Gross Income (AGI)
  • Number of Exemptions and Number of Dependents
  • Income Earned from Work
  • Taxes Paid
  • Educational Credits
  • Untaxed IRA distributions
  • IRA deductible and payments
  • Tax exempt interest
  • Untaxed pension amounts
  • Schedule C net profit/loss
  • Indicators for Schedules A, B, D, E, F, H
  • IRS response code