2024-2025 Student 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 requested.
Why this is needed
A taxpayer may “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 in a recognized retirement fund.
The FUTURE Act Direct Data Exchange (FA-DDX), formerly known as the IRS Data Retrieval Tool (DRT) on the FAFSA, is unable to identify rollovers. Therefore, when a student 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 student aid index (SAI).
Instructions
- Click on the eForm below and follow the instructions provided.
- Submit the eForm.
You can view your document status on My ASU’s Finances tab. Please allow two to three business days after you submit your form for our receipt to show in your Financing Tasks.