Student Financial Services
Student financial services (SFS) describes how colleges and universities provide students and families with finance-related services, such as applying for financial aid and paying a tuition bill, along with the associated business processes necessary to pay for college. SFS professionals manage the policies and procedures related to a student's account, which tracks tuition and other charges, payments, and application of financial aid.
ED Takes Next Steps in Developing App Payment Vehicle
Features will include providing a no-fee payment option to participating students, streamlining schools’ processing of Title IV credit balance refunds, and promoting the interaction between the Office of Federal Student Aid and borrowers.
ED Publishes Guidance on Year-Round Pell and Banking Arrangements
The Department of Education has released information on the implementation of the expanded Pell Grant Program, which begins July 1 and will allow students to receive additional aid during the summer months. Separately, ED provided guidance on the required format for reporting contract data for certain banking arrangements.