Handling financial aid can be complex, between regulations, student needs, and the risk of costly errors, it’s easy for delays to occur. That’s where Fame’s Virtual Financial Aid Office comes in. With decades of higher education experience, our team provides expert remote financial aid processing that simplifies your workload and keeps your school on track for success.
Virtual Financial Aid Processing Services
Simplify Your Work
With decades of experience as a trusted Title IV Third Party Processor, Fame proudly offers the Virtual Financial Aid Office. Our remote financial aid services help career schools cut costs, ease administrative burdens, and reduce the risk of noncompliance. Our experts work alongside your team to ensure Title IV compliance, navigate new regulations, and remove the worry around aid eligibility and audits.
Virtual Financial Aid Features
Virtual Financial Aid Processing Packages
Essentials
$$Per Month
Financial Aid Processing Software that allows the school’s FA Staff to perform the following tasks:
- Awarding of Federal Student Aid
- Ordering and Disbursing of Federal Student Aid
- ISIR Corrections and Verification
- Integrates with Fame’s Student Information System
- Fiscal Services and Reconciliation
- Automated Enrollment Reporting to NSLDS
- FA Procedures Manual
- Sample File Reviews
- 4 Hours of FA Training
- Support via Fame Help Center
- Compliance Alerts
Virtual Financial Aid Office
$$$Per Month
Everything included in Essential Financial Aid Processing Software, in addition a Virtual FA Officer performing school FA tasks:
- Pre-Enrollment College Financing Plan and Estimated FA Package
- NSLDS Transfer Monitoring
- Student Document Review prior to awarding Federal student Aid
- Review FA SAP Eligibility
- Title IV Credit Balance Determination
- Institutional Calculations and Return to Title IV
- Title IV Refund Processing
- Title IV Audit Reports
- Monthly Bank Statement Uploads and Reconciliation
Virtual Financial Aid Office+
$$$$Per Month
Everything included in Virtual FA Office package, plus Virtual FA Officer working directly with students to perform the following tasks:
- Pre-Enrollment Documents via Secure Email
- Federal Student Aid Application Assistance
- Federal Student Aid Counseling via Phone, Email, and Zoom
- Notice of Federal Student Loan Disbursement
- Secure Digital Signature Request for Required Documents:
- Official Financial Aid Offer
- Verification Worksheets and Documentation
- Remind Students via SMS to Submit Required Documents