The Fed just streamlined the financial aid process. No, really.
Reported by The Chronicle of Higher Education, the Education Department has released guidance on new changes that give institutions more flexibility when verifying student’s financials.
One significant change is that colleges are now able to accept signed tax returns, rather than tax transcripts, which can be difficult for students to track down.
The takeaway? Verification has historically slowed down the aid process, and proven a stumbling block for many students. By adopting these new guidelines, our institutions can streamline the aid process even more for our students.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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