According to the National Association of Independent Schools, nearly one-quarter (24 percent) of private day school students receive some sort of financial aid, with still many more applying. With such a high number invested in aid, schools offering a fast, accurate, and fair process stand to create more goodwill with prospective and current families.
For schools using TADS and SSS, VenturEd Solutions recently unveiled a partnership with TaxStatus for a consent-based financial aid application process that taps right into IRS tax records for a faster, more efficient process.
Empower your Financial Aid experience and learn more at our upcoming webinar. Our team will join TaxStatus experts to discuss how this new partnership will incentivize financial aid applications and empower the most informed decisions possible.
Tampa, FL, January 23, 2025– VenturEd Solutions, a leading provider of cloud-based admissions, financial aid, student lifecycle, and payment solutions for schools, is proud to announce a significant enhancement to its financial aid product, School and Student Services® (SSS). Through an innovative partnership with TaxStatus, a fintech company revolutionizing financial services with frictionless IRS account monitoring and consent-based access to IRS tax records, SSS will streamline financial aid applications by securely retrieving family and business tax records. This breakthrough eliminates the need for manual completion of IRS forms and document uploads, ensuring faster, more accurate, and secure processing.
With TaxStatus’ advanced IRS integration, SSS provides schools with immediate access to verified financial data while safeguarding families through secure identity verification methods, including ID.me. This enhancement reduces application barriers for families and enables schools to make timely financial aid decisions without relying on manual or outdated methods.
“We are excited to introduce this new partnership with TaxStatus as a significant step forward in transforming the financial aid experience for families and schools. By combining the TaxStatus integration and NAIS’ proven methodology as part of our unified admissions solution, we’re making the financial aid process faster and easier for families and schools,” said Rob Rainey, CTO of VenturEd Solutions. “This partnership underscores our unwavering commitment to delivering schools with future-ready solutions that ignite growth, drive success, and empower them to lead in an ever-evolving educational landscape.”
Read the full press release here, to learn the full range of partnership benefits for both schools and families.