SSS from VenturEd Solutions Revolutionizes Financial Aid Application Processing with Industry-Leading IRS Integration powered by TaxStatus

SSS from VenturEd Solutions Revolutionizes Financial Aid 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 solution

VenturEd Solutions, a leading provider of cloud-based admissions, financial aid, student lifecycle, and payment solutions for schools, has announced a significant enhancement to its financial aid product, School and Student Services® (SSS). Through a new partnership with TaxStatus, a fintech company 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barriers for families and enables schools to make timely financial aid decisions without relying on manual or outdated methods.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.”

Key Benefits of the Enhanced SSS Solution:

  • Simplify the family experience with a fast, seamless application process. Families complete financial aid applications in minutes, enjoying a stress-free process with no document uploads required.
  • Increase access and deliver equitable awards with comprehensive financial insights. Through TaxStatus’ proprietary, direct IRS integration, schools gain a complete financial picture with multiple years of family and business tax records, enabling more accurate and mission-aligned financial aid decisions.
  • Protect your mission with a trusted, industry-backed methodology tailored to your school. Ensure fair, consistent, and transparent financial aid decisions using NAIS’ industry-leading formula, recognized for its expertise and credibility.
  • Unify your admissions and financial aid experience. Improve family experience and school decision-making by combining the power of SSS with our powerful Ravenna and TADS admissions platforms.

“As a long-time veteran in the admissions, financial aid, and enrollment field, I am thrilled with VenturEd’s revolutionary leap forward through this TaxStatus partnership. Expanding access to financial aid is fundamental to the Peddie School mission, and the combined power of direct IRS integration, along with NAIS’ trusted methodology, ensures our school and all private schools can advance financial aid awarding capabilities with confidence,” said Peter Park, Director of Financial Aid & Associate Director of Admission at Peddie School.

Unlike traditional services requiring manual review, the TaxStatus integration enables schools to quickly and confidently process financial aid applications, helping families receive timely support.

“Our team at TaxStatus is thrilled to lend our expertise in the financial sector to the education market through this strategic partnership,” said Kevin Knull, CFP®, President of TaxStatus. “By providing secure access to authenticated IRS tax data, we’re empowering VenturEd Solutions to fulfill its forward-thinking mission of helping schools and families successfully apply and benefit from financial aid in pursuit of the highest level of academic endeavor.”

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