How does Fame compare to other remote financial aid servicers?
We want to assist you in choosing the best financial aid solution.
Why use Fame’s Virtual Financial Aid Office?
- Fame has been a leading provider of financial aid services to career schools for over 45 years.
- Fame’s Virtual Financial Aid Office thinks and behaves as an extension of the institution.
- Career schools will have the option to outsource all or a portion of their financial aid operations to Fame.
- Certain Fame systems will be utilized to ensure all information is captured appropriately between each student, school, and Virtual Financial Aid Officer.
We become the Financial Aid Department extension to your school by providing the following:
- Experienced Financial Aid Officers
- Centralized Resources
- Quality Assurance and Support
- Seamless Financial Aid Processing
Why choose Fame?
-
Save Money: Approximately 50% Cost Savings
-
Reduce the Risk of Noncompliance: 45 Years without Audit Findings
-
Save Time: Free up School Staff Members to Focus on Other Tasks
Save Money
More Flexibility
Reduce Noncompliance
Increase Efficiency
Streamlined Convenience
Fame vs. Other Virtual Financial Aid Servicers at a Glance
Features
Fame
Other Virtual Financial Aid Servicers
Native Integration to Fame’s SIS
Student and Parent Friendly Design
24/7 System Availability
Some
Dedicated Support Staff for Your Team
Some
Fewer In-Office Lines, Phone Calls, and Voicemails
Reduce Administrative Costs
Some
Frees Up FA Staff for Counseling Students
100% Compliance File Review for all Title IV Students
Some
Daily Title IV Disbursements
Some
Reconciliation of COD, Disbursements, Notification of Disbursement, Right to Cancel, and Student Accounts
Some
Significantly Speeds Up Application-to-Award Turnaround Times
Flexible, Reliable & Consistent:
Can be Used as an Extension of Your Financial Aid Office
Some
Streamlines FA Processing, Increases Efficiency
Improves Title IV Cash Flow
Student Document Review
Some
Read Only Access to Federal Accounts (Direct Loan and Pell)
Drop/Withdrawal(s) Processing
Title IV Student Appeals:
Professional Judgements Verification, Dependency Override
Cloud Storage:
Track & Upload Student Documents
Some
Track, Audit, and Tag Student File Documents
Some
Secure Student Document Handling
Awarding and Packaging Federal Student Aid
Federal Student Aid Pre-Enrollment Advising/Processing
Review & Verify Student Documents Prior to Awarding Title IV
Some
Federal Student Aid Regulatory and Operational Consulting, Processing, and Support
Some
Fame
Both staff and students save time with Fame’s Virtual Financial Aid Office, and it frees up your Financial Aid staff members to do what they love to do—help students!
Other Virtual Financial Aid Servicers
While all Virtual Financial Aid Servicers want to accomplish the same goal, they do not have the full suite of software that innately connects with their Financial Aid — ensuring no manual work is required by your FAO. When students’ information is not updated, staff might get confused, become unmotivated, or worse (they may leave and/or your school may not be in compliance.)
Fame’s Virtual Financial Aid Office is natively integrated with our Student Information System (SIS).
Contact Us Today & Schedule Your Free Consultation
Start your journey with us.
