IRS Data Retrieval Tool Restored for Student Loans
The U.S. Department of Education restored access to the IRS Data Retrieval Tool on June 2, 2017, but only for borrowers in income-driven repayment plans. The IRS Data Retrieval Tool remains offline for the Free Application for Federal Student Aid (FAFSA).
Access to the IRS Data Retrieval Tool was suspended March 3, 2017 after the tool was used by hackers to get information used to engage in income tax refund fraud. The IRS and the U.S. Department of Education shut down access to the IRS Data Retrieval Tool on both fafsa.ed.gov and StudentLoans.gov.
The IRS Data Retrieval Tool is available again on StudentLoans.gov for use with the Electronic Income-Driven Repayment Plan Request form.
The U.S. Department of Education said: “New encryption protections have been added to the Data Retrieval Tool to further protect taxpayer information.” The transferred data will not be visible to borrowers on the IRS Data Retrieval Tool website or on StudentLoans.gov. The IRS also will notify taxpayers whenever their tax return information is accessed using the IRS Data Retrieval Tool.
Use of the IRS Data Retrieval Tool makes it easier for borrowers to comply with the annual paperwork required to renew participation in the four income-driven repayment plans: Income-Contingent Repayment (ICR), Income-Based Repayment (IBR), Pay-As-You-Earn Repayment (PAYER) and Revised Pay-As-You-Earn Repayment (REPAYER).
The IRS Data Retrieval Tool transfers tax return information into the online application form accurately and efficiently.
The U.S. Department of Education is not restoring access from the FAFSA to the IRS Data Retrieval Tool for the remainder of the 2017-2018 FAFSA application season. Access to the IRS Data Retrieval Tool will be restored on October 1, 2017 for the 2018-2019 FAFSA.