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As demand rises, so does the need for a streamlined and transparent financialaid processmaking it essential for private and independent schools to efficiently manage applications, reviews, and awards. Thats where the FinancialAid Assistant (FAA) program by School and StudentServices (SSS) comes in.
In todays ever-evolving enrollment landscape, financialaid professionals are being asked to do more with lessprovide equitable access, protect institutional integrity, streamline complex processes, and support families in real time. Its a tall order. This wasnt just another product updateit was a strategic leap forward.
The National Association of Independent Schools found over the course of the 2022-23 school year that 43 percent of students at boarding schools received financialaid , and at day schools that number was 24 percent. Having a more streamlined financialaid solution to make the process easier for families to complete.
Independent and private K12 schools are constantly striving to balance accessibility with financial sustainability. While schools have made significant progress in increasing financialaid and net tuition revenue, the challenge of rising costs outpacing family income growth persists.
To address this challenge, private K-12 schools can proactively implement strategies to ensure equitable access to financialaid. Simplified Application: Streamline the financialaid application process to minimize the burden on families. Key Strategies for Equitable Access and Promoting Diversity 1.
By: Craig Dodson Vice President of Customer Support, VenturEd Solutions For independent K-12 schools, financialaid decisions are some of the most importantand complexdecisions they make. Schools need a financialaid process that eliminates guesswork. Schools need a financialaid process that eliminates guesswork.
A November 2024 article , from the Southern Association of Independent Schools (SAIS) highlights that total financialaid awarded by National Association of Independent Schools (NAIS) and SAIS schools has grown significantly over the past two decades, reflecting schools commitment to supporting families. million during the same period.
For private K-12 schools, financialaid is more than just a means of helping familiesits a strategic asset that shapes enrollment, fosters diversity, and ensures the schools long-term financial health. Schools can outline: Eligibility criteria for need-based aid, merit scholarships, or other tuition assistance programs.
This enhancement reduces application barriers for families and enables schools to make timely financialaid decisions without relying on manual or outdated methods. Transform your FinancialAid experience and learn more at their upcoming webinar.
These students bring cultural diversity, academic excellence, and a broader worldview to the classroombut they also bring unique challenges when it comes to financialaid processing. Schools that serve international families benefit greatly from using a financialaid solution designed with accessibility and flexibility in mind.
But making financialaid more equitable, efficient, and trustworthy doesnt happen by chance. Heres how The Peddie School, with the help of School and StudentServices (SSS) and NAIS methodology, is rewriting the playbook for financial aidand what your school can learn from their success.
Many state policies block undocumented students from receiving in-state tuition — even if they completed their K-12 education there — and several states directly prohibit undocumented students from enrolling in many public universities. On top of that, undocumented students are ineligible for any federal financialaid.
SSS from VenturEd Solutions Revolutionizes FinancialAid Application Processing with Industry-Leading IRS Integration powered by TaxStatus New partnership with TaxStatus powers simplified and rapid verification of family tax information within a unified admissions, enrollment, and student lifecycle solution.
You can empower families to pursue a private school by offering financialaid options and resources. Some families may not realize they qualify for financial assistance. The PFS gathers relevant information about family size, income, and expenses to estimate financialaid.
Sessions on innovative approaches to financialaid and tuition modeling provided administrators with new strategies to make financialaid more accessible and efficient. Thats where School and StudentServices (SSS) comes in. Product Marketing Manager, VenturEd Solutions. Missed us at NAIS Thrive?
Spring cleaning your home is good for your health , so it’s not surprising that spring cleaning your financialaid is good for the health of your K-12 school. By cleaning up your financialaid folders, you can clear out the clutter and improve your organization. How to Clean Up Your FinancialAid Folders.
This exclusive event brought together financialaid directors, heads of schools, admissions and enrollment directors to celebrate a groundbreaking partnership between TaxStatus and School and StudentServices (SSS)a collaboration transforming financialaid processing for private K-12 schools across the country.
Did you know the FinancialAid Assistant (FAA) program by School and StudentServices (SSS) helps remove obstacles, complete efficient reviews, and support families during the financialaid process? The financialaid season approaches, and your inbox overflows with applications.
According to recent data from the National Association of Independent Schools (NAIS), roughly one-quarter of students at private day schools received some amount of financialaid over the course of the 2022-23 school year. For Families Schools work hard to help families manage the tuition costs for a student’s education.
The Role of FinancialAid One of the most significant challenges facing international students is the cost of attending a US private school. Financialaid plays a crucial role in making these schools accessible to a wider range of students. Sign up for a demo today and learn how SSS can benefit your school.
Financialaid can be intimidating for prospective families, especially nontraditional families or those with complex financial circumstances. The FinancialAid Assistant (FAA) program by School and StudentServices (SSS) helps families and schools by eliminating the complexity of the financialaid process.
A strong financialaid program is essential for attracting and retaining top students. A successful program requires more than just financial resources, effective communication tools are equally vital to ensure transparency, build trust, and provide a positive experience for families.
Offering financialaid helps your school reach more families and build a vibrant, diverse school community. According to our Community Brands K-12 Trends Report, the average financialaid award covers 40% of tuition! Grant funding comes directly from a school’s budget.
When providing financialaid for students at private schools, administrators have the important job of organizing and managing who receives funding and deciding how to keep track of each recipient. These financialaid tips for school administrators can help you learn how to manage student funds for your school.
Juggling spreadsheets, chasing missing documents, and stressing over award decisions? If you’re considering a new solution for processing financialaid, here are five benefits a strong financialaid processing solution should offer you. 1.
The National Association of Independent Schools found over the course of the 2022-23 school year that 43 percent of students at boarding schools received financialaid , and at day schools that number was 24 percent. Having a more streamlined financialaid solution to make the process easier for families to complete.
Are You a New FinancialAid Professional? For those new to the financialaid profession, there’s added pressure to make sound decisions for your school and families in need—talk about a balancing act! Wouldn’t it be nice to have a guidebook that tells you exactly what you need to know in your new financialaid role?
Summer is here, which means financialaid season is just around the corner, and many of you will be opening digital piles of applications in September. Taking a proactive approach to completing your K-12 financialaid prep tasks can help ease some of the burdens. How did your forecasting compare to actual results?
Finding the right financialaid formula for your private school can help you award the perfect amount of aid to families and students in need. One of the first ways to balance financialaid responsibility for private schools is to focus on your mission and values. Start With a Mission. Start With a Mission.
The need for more financialaid is increasing as the trend towards rising enrollment in private schools continues to grow. Minority families, middle-class, and higher-income families are all included in the latest data showing a higher need for financialaid.
Before implementing a unified student success platform, it was difficult to see the full picture of a student’s interactions across campus. “To To advise students effectively, we needed to see the whole picture.” Our mission is to focus on student success, every student, every day,” Hoffmann says.
Let’s face it, financialaid season can be a hectic time for schools and families. From gathering a slew of personal documents, to application tracking and making decisions—everyone feels the pressure when things aren’t running smoothly. . Maximize FinancialAid Budgets and Forecast Effectively .
Institutions should be prepared to see even more students, and their families, who speak Spanish, especially as the Hispanic population grows, the possibility of Pell grants for DACA students continues to be a topic of conversation, and states expand their financialaid resources to include broader communities.
Request a Demo From School and StudentServices (SSS). Many schools choose to use fundraising money to award additional financialaid. With a solid financialaid program, you can enroll mission-appropriate students and secure your school’s financial stability. Easy application monitoring.
Schedule a demo empower ’ s individual studentservices tracking goes beyond grades and testing, providing insights into financialaid, application status, and other crucial data. Recording notes about our students is now a breeze, ensuring that every counseling session and important detail is documented.
Application season for financialaid is rapidly approaching. As a dedicated partner in your students’ success, School & StudentServices (SSS) is here to help you streamline the application process and ensure a smooth experience for both your institution and your students.
Providing Support to FinancialAid Awardees All Year Long Financialaid is not merely a transactional exchange but also a powerful investment in the future of students. By providing comprehensive support, schools help financialaid recipients reach their full potential and become active, engaged citizens.
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