New Financial Aid Service: IDOC
While it seems the academic year has just begun, the winter holidays will be here before we know it, and it will soon be time to reapply for financial aid for the 2015-2016 school year. The Financial Aid Office will be sending out a postcard reminder to parents and students this winter, but we wanted to provide a sneak peak about application changes. This year, Pitzer College will be using IDOC to collect supplemental financial aid materials, including 2014 Federal Tax Returns, schedules, W-2 forms and Nonfiling statements. IDOC is a service of the College Board, so all returning students who complete the CSS/Financial Aid PROFILE will receive instructions on how to use IDOC once they submit the PROFILE application.
IDOC is an electronic documentation service that we will be using to reduce the amount of paper we collect and store as part of the financial aid process. Students and parents will collect all tax documents that need to be submitted as part of the financial aid application, complete the IDOC cover sheet and mail the packet to the IDOC processing center. Once the packet is received by IDOC, all the documents are scanned and turned into electronic files that are made available to the Pitzer Financial Aid Office. This process is very secure, and all tax documents are processed with the utmost concern for confidentiality and the highest concern for data integrity. All information that is submitted to IDOC is stored in a secure environment, and paper documents are destroyed once the electronic records have been transmitted to Pitzer College.
We anticipate that the IDOC process will simplify the financial aid renewal process for our families, and also reduce the amount of paper and resources that are needed to collect and store the tax information that we need to determine each student’s financial aid eligibility. As we approach the financial aid renewal deadlines, we will be sending out additional information regarding IDOC. Stay tuned!