Fast, Efficient Financial Aid, Now With IRS Integration
Simplify your financial aid workflow with IRS Integration in FACTS Financial Aid Management. Securely import tax documents from the IRS, reduce manual processing, and deliver faster, more accurate aid decisions for your school community.
What’s New With IRS Integration?
Faster Tax Document Delivery
Receive IRS tax returns and W-2s from families in just a few minutes or less, helping your team review applications sooner.
W-2 Import Now Available
Families can transfer W-2s directly from the IRS, reducing time spent collecting documents and minimizing incomplete files.
Co-Applicant Support
If applicants file separately, each person can connect to the IRS, providing your staff with a complete financial profile for each family.
Most Recent Tax Year
FACTS retrieves the latest available tax year to ensure your decisions are based on up-to-date information.
Enhanced Security
Tax data is sent directly from the IRS to FACTS, eliminating the need for scanned, mailed, or emailed documents and helping protect sensitive information.
How IRS Integration Works
- Families Apply: Parents complete the FACTS Financial Aid Management application.
- Connect to the IRS: Applicants securely authorize FACTS to access their W-2s and 1040s.
- Automatic Import: IRS documents are retrieved and added to the application.
- Upload Other Docs if Needed: Families can also upload additional forms, like 1099s, as requested.
- Review Data: Your school receives verified tax information within minutes or less for faster, more accurate decisions.
Why It Matters for Your School
- Save Staff Time: Eliminate manual document collection, data entry, and follow-up with families.
- Faster Award Decisions: Get verified tax data in minutes, so your team can make timely and confident decisions.
- Greater Accuracy: Data comes directly from the IRS, reducing errors and supporting equitable, data-driven awards.
- Enhanced Security: Sensitive tax documents are sent straight from the IRS to FACTS, removing the risks of mailed or emailed paperwork.
Support Families Every Step of the Way
Helping families navigate the financial aid application process is easier when they have the right tools. The IRS Integration video walkthrough offers clear, step-by-step guidance, helping families know what to expect and how to complete each part of the process.
By making resources like this available up front, your school can reduce questions and support requests, help families feel more confident as they apply, improve the accuracy of applications, and save staff valuable time during application season.
IRS Integration Applicant Guide
Use this guide for easy, step-by-step directions to help families complete the IRS Integration process in FACTS Financial Aid Management.
