Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE?

The correct answer is the IRS Data Retrieval Tool.

Explanation:

The IRS Retrieval Tool allows students as well as parents who have filed a US tax return with the Internal Revenue Service to use the IRS tax return so that they can complete free application. If the person is eligible to use IRS Data Retrieval Tool they can get certain benefits that is it is one of the easiest way to provide the tax return information. The student will not need to provide a copy of his or his parents tax return to the college. It is one of the best way to ensure that FASA has accurate tax information.