When it comes to awarding financial aid, having a clear and complete understanding of a family’s financial situation is crucial. With FACTS Grant & Aid Assessment you gain a comprehensive view of finances, even for self-employed families, ensuring that aid reaches those who need it most.
Confidence in FACTS: Thorough Financial Review
Conducting a thorough financial review ensures the accurate awarding of financial aid to the families who need it most.
FACTS conducts a thorough and detailed financial analysis, empowering your school to make data-driven award decisions with confidence. Our approach goes beyond the basics to ensure the most accurate assessment:
- Holistic Financial Understanding: We look beyond the standard 1040 form to get a complete picture of a family’s financial situation.
- Detailed Tax Form Review: Our process includes a thorough examination of all applicable tax forms, such as forms 8829 and 4506-T.
- In-Depth Business Analysis: We conduct comprehensive reviews of business schedules and sub-schedules.
- Quality Assurance: All reviews are conducted in-house, ensuring the highest quality and cost-efficiency.
Flexibility with FACTS: A Tailored Experience
FACTS offers unmatched customization to meet your school’s unique needs. With our flexible application process, you can:
- Personalize Questions: Tailor the application to gather the information most relevant to your school.
- Conditional Logic: Use conditional questions to streamline the application for families, showing only what’s applicable.
- Customizable Allocation: Adjust expense types and caps to align perfectly with your school’s financial aid goals.
Convenience with FACTS: A Family-Friendly Approach
FACTS Grant & Aid is designed with families in mind, offering a seamless, user-friendly experience that simplifies the financial aid process:
- Single Login: Manage tuition, incidental fees, and financial aid all in one place.
- Mobile-Responsive Application: Families can easily apply and upload documents from any device, making the process simple and accessible.
- Centralized Application: Families can apply to multiple schools with one application, streamlining their efforts with just one fee per household.
- Spanish Translation: With a single click, the entire application is available in Spanish, ensuring accessibility for all.
What's Next For FACTS Grant & Aid
At FACTS, we’re committed to continuously improving the user experience for both schools and families. Thanks to the valuable feedback from our customers, we’re excited to announce several new features that will streamline financial aid management:
- IRS Integration: Soon, families can simplify the application process by allowing FACTS to automatically receive tax transcripts directly from the IRS, reducing the need for manual document submission while still ensuring a thorough financial review.
- Automatic Enrollment Status Updates: Administrators will save time with automatic syncing between FACTS Application & Enrollment and FACTS Grant & Aid. Changes in a student’s enrollment status will be automatically reflected, making reporting easier.
- Smart Tags in Award Notifications: Schools will be able to streamline award notifications by automatically including internal tracking fields—such as denial reasons or monthly payment amounts—within emails, helping schools send award decisions more efficiently.
These upcoming enhancements reflect our ongoing dedication to providing the best possible experience for schools and families.
Want to learn more about FACTS Grant & Aid Assessment?
