Learn about how Veracross handles the idea of financial aid with its own module here.
Financial Aid Overview
The Veracross Financial Aid module can assist schools in tracking all financial aid information related to their applicants and their current students. The module is designed to track a family’s request for Financial Aid from application to award.
Financial Aid Configuration
The Financial Aid module is primarily a records-based process. Financial Aid Applications are added per candidate or current student as needed. Therefore, minimal configuration is required by the school in order to effectively use the module.
Financial Aid Process Management
The Financial Aid process in Veracross consists of about seven phases. The term phases is used instead of steps or stages to imply a fluid state to the process flow. Each school manages their Financial Aid process slightly differently.
Financial Aid Decision Letters
Schools have the option to publish the Financial Aid decision letter on the Enrollment homepage. Parents are able to access this letter from a link in the Financial Aid component.