2024-2025 Parent rollover confirmation

If this item is listed under your Financing Tasks in My ASU, your financial aid disbursement will be placed on hold until you provide the information

This form must be completed by your parent on the FAFSA. To grant your parent guest access, visit My ASU - Add a Guest. Under Finances, check the box next to View my tasks. Once you provide guest access, your parent will need to complete the Parent Signature Verification task in order to begin to sign and complete forms electronically.

Why this is needed

Sometimes, a taxpayer will "roll over" funds from an existing IRA, pension or annuity plan to another qualified plan during the same tax year. These rollover amounts are not included on the FAFSA because that portion of the distribution was reinvested immediately into a recognized retirement fund.

The FUTURE Act Direct Date Exchange (FA-DDX), formerly known as the IRS Data Retrieval Tool on the FAFSA, is unable to identify rollovers. Therefore, when a parent(s) uses the FA-DDX, transfers an amount greater than zero for untaxed portions of IRA distributions or untaxed portions of pensions, and indicates a rollover, ASU must confirm the amount of the rollover.

ASU will then subtract the user-reported rollover amount from the amount of the IRA or Pension distribution that was transferred from the IRS, and the result will be used in the calculation of the applicant's student aid index (SAI).

You can view your document status on My ASU under the Finances tab. Please allow two to three business days after you submit the form for our receipt to show in your Financing Tasks.

Complete and submit online.

Download Forms: 

Attachment Size
2024-2025 Parent rollover confirmation PDF form (105.67 KB) 105.67 KB