Virtual Financial Aid Comparison
How does Fame compare to other remote financial aid servicers? For over 45 years, Fame has supported career schools with trusted financial aid services, and our Virtual Financial Aid Office acts as a true extension of your team. Schools can outsource all or part of their financial aid operations to experienced officers who use integrated Fame systems to ensure accurate, compliant, and efficient processing. With dedicated experts, centralized resources, and strong quality assurance, we operate as your school’s Financial Aid Department extension.
Why choose Fame’s VFAO?
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
