SHOWING THE FACT REPORT TO A FAMILY TOO EARLY

While you certainly may look at a family FACT Report at any time, it is important to remember that until you see the words, Status Complete-Verified in red at the top of the report, it is not completed on our end. An incomplete or partially verified form is NOT finished and the results might vary significantly from what you would see on a “Complete-Verified” report. Unfortunately, some schools have inadvertently made tuition aid determinations on incomplete or partially verified reports. This could lead to complications for you down the road or frustration because the numbers do not seem to make sense.
 
REMEMBER that the same data must be collected and evaluated on each applicant. The same formula must be used for each application’s calculation. The same guidelines and opportunities for exception must be available to all applicants. And finally, the same criteria for award must apply to all.