This Tax Matrix can be used to assist schools when verifying tax data on a student’s ISIR (skip to definitions to learn what an ISIR is). Because the IRS Tax Return Transcript doesn’t have line or item numbers AND uses different terminology than the FAFSA, matching tax data to a student’s ISIR can become confusing quickly. That is where this matrix comes in!
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There have been some new developments since our last blog: “Federal Loan Repayment: Where do you Stand in 2022.” There is no doubt that the Direct Loan Repayment pause, and Student Loan Cancellation can be both confusing and difficult to stay in the know about.
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Reading Time: 4 min read Particularly for institutions with a smaller budget or staff shortage, it can be hard to keep up with changing federal regulations, myriad verifications, funding demands […]
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