Vendor needs to provide financial aid verification services
- to perform Student Financial Aid Verification Services on approximately 8,000 - 11,000 financial aid records per year, consisting of 2022-2023 and 2023-2024 year and moving forward.
- Contractor will review information from the student's completed FAFSA (Free Application for Federal Student Aid) with scanned documentation provided by the college via On Base software that includes, but not limited to, a verification worksheet, IRS Tax Transcript(s) and other supporting documentation. The Contractor will make modifications to PeopleSoft for resubmission to the Central Processing System (CPS).
- After completing verification, the Contractor will update PeopleSoft to:
- Indicate document review has been completed
- Indicate that verification has been completed, and
- Lock verified record in PeopleSoft
- A Student Verification Worksheet checklist will be made available to the Contractor
- After completing verification, Contractor will update the verification status in PeopleSoft and update the and lock the record
- The Contractor must have the infrastructure to perform the Student Financial Aid Verification Services remotely
- Real-time updates for students and staff on the progress of verification, and access to all verification documents/materials.
- Single sign-on integration with the college's student portal is preferred.
- Data exchange with college applications, if deemed necessary.
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