We understand the challenges that career school administrators face when managing their institutions, including the need for efficient management and compliance with regulatory requirements.
Financial Aid Processing Services
Why Use Our Financial Aid Processing Services
With over 40 years of experience in the higher education industry, Fame is a trusted provider of software for post-secondary schools. Our financial aid software solution is designed to streamline operations, reduce errors, and keep administrators up-to-date with the latest regulations. By partnering with Fame, career schools can focus on what matters – their students.
Our Packages
Essentials
$ $
Per Month- Financial Aid Processing Software
- Integrated with Fame’s Student Information System
- Automated Clock Hour Awarding and Packaging
- Pell Grants
- Federal Direct Loans
- Fiscal Services
- Enrollment ReportingÂ
- Sample File Review
- Verification walk-through and Automated ISIR CorrectionsÂ
- Support via Fame Help Center
- 4 hours of Financial Aid Training
- Compliance Alerts
- Financial Aid Procedures Manual
Growth
$ $$
Per MonthIncluded everything in Essentials, plus:
- Financial Aid Processing Software can be used as a stand-alone FA service
- Cloud Based Solution
- Â Single or Multi Campus
- Credit Hour Awarding and Packaging
- Pell Grants
- Federal Direct Loans
- Â User-role customization & security
- Â Added Phone and Chat Support M-F 9-5 ET
- Â 1 hour of Consulting ServicesÂ
- Â 4 Additional hours of Financial Aid Training
Compliance+Recommended
$ $$$
Per MonthEverything included in Essential and Growth, plus: Consulting Compliance+
- Â Full Data Review
- Â 4 Hours of Regulatory Questions
- Â 2 Custom Online Trainings
- Â R2T4 Review of Computations
- Â Verification ValidationÂ
- Â Extended Support Hours M-F 8-7 ET
- Forever Resources: All Trainings Recorded and Accessible Anytime
Why Work with Fame?
Partnering with us means having access to over 40 years of industry experience and a proven financial aid management system that streamlines operations, reduces errors, and ensures compliance.
How our process works
We will be with you every step of the way.
Simplifies Processing
Our financial aid processing services is a proven platform that simplifies the management of financial aid records and streamlines the processing of financial aid awards, disbursements, and compliance reporting for post-secondary institutions.
Powerful Platform
It enables authorized users to view financial aid records and schedule disbursements for federal grants, loans, and campus-based awards. It also integrates with our Student Information Systems for seamless delivery of financial aid processing and awarding throughout the student life cycle. Our team of financial aid consultants conducts a business process analysis to ensure compliance with regulations and reporting requirement
See how Fame can help your school simplify financial aid management and support your students' success.
Start your journey with us.
FAQs
What is a third party servicer?
A third-party servicer is an individual, or a state, or a private, profit or non-profit organization that enters into a contract with an eligible institution to administer, through manual or automated processing, any aspect of the institution’s participation in any Title IV, HEA program. [Learn more]
Why does it matter who my third party service provider is?
According to the Department of Education, a third-party service provider is a vendor, contractor, or other entity that provides services or functions on behalf of an educational institution, such as financial aid processing, enrollment management, technology services, or student housing. These services may be outsourced to third-party providers in order to improve efficiency, reduce costs, or to access specialized expertise. However, educational institutions remain responsible for ensuring that the services provided by these third-party providers are in compliance with all applicable laws, regulations, and policies. Additionally, the Department of Education requires institutions to have written agreements in place with third-party service providers to ensure the protection of student data and privacy.
