FAS will Efficiently Process and Disburse all Title IV Funds including Pell, FSEOG (Federal Educational Supplemental Opportunity Grant) and FWS (Federal Work Study)
This Includes the following:
- Convert Schools from Internal Processing (in-house) or from another servicer
- Electronically Process Pell Grants/ FSEOG/ FWS–Helping schools meet all electronic requirements mandated by the Department of Education.
- Draw down institution Federal funds and return excess cash through GAPS and provide student disbursement reports
- Provide easy-to-read laser printed worksheets and reports (available in hard copy and on-line in some cases)
- CALCULATE THE RETURN OF TITLE IV AID FOR ALL STUDENTS ON-LINE
- Accounting/Reconciliation of all Federal Funds
The complete list of FAS services are listed below. FAS’ takes its processing from the student’s first interview with the school to the student’s last day of attendance and beyond.
FAS will:
- Figure the Cost of Attendance for the school
- Create a localized budget
- Check all student files
- Complete 100% Verification of all student files selected for the school (optional) or Provide software for school to verify files
- C code resolution assistance (optional)
- Professional Judgement Assistance (adjusting EFC) (optional)
- Short Term Program Proration Support
- Clock to Credit Hour Support
- Report all scheduled and disbursed Federal Funds to Department of Education (COD)
- Accurately calculate all Pell and FSEOG Awards
- Issue Laser printed checks or initiate EFT for all student Pell Grants and SEOG
- Issue easy-to-follow student disbursement reports and student vouchers
- Schedule out remaining Funds and Electronically transmit all payment data to the Department of Education
- CALCULATE THE RETURN OF TITLE IV AID FOR ALL STUDENTS ON-LINE
- Make Federal Fund Requests (order funds) and return funds (excess cash) on-line using the Grants Administration and Payment System (e-Payments)
- Provide school with unique and helpful student tracking reports both as hardcopy and on-line such as Anticipated Disbursement, Students Selected But Not Verified, and Student ISIRs not Processed to Date
- Reconcile all Pell/SEOG bank statements
- Complete all accounting and Federal reports for school (including FISAP)
- Close out school at end of award year
- Provide school an entire team of experts in the field for up to 25 years to answer all financial aid questions–No Waiting!