ISIR analysis tool helps educational institutions assess the accuracy of student aid applications
Information Builders, a provider of business intelligence and integration services, has announced that its customer, Federal Student Aid, a division of the US Department of Education, has rolled out the Institutional Student Information Record analysis tool to 200 colleges and universities across the country.
The tool helps these educational institutions assess the accuracy of student aid applications and determine eligibility for need-based aid such as grants, subsidized loans, and work-study programs.
The reports generated by the Institutional Student Information Record (ISIR) analysis tool allow schools to identify which Free Applications for Federal Student Aid (FSAFA) items are most likely to be misreported, which groups of students are most likely to make errors on the form, and which errors are most likely to affect eligibility for need-based aid.
Anne Tuccillo, senior management and program analyst of FSA, said: By using the ISIR Analysis Tool, schools can ensure that the right aid is being distributed to the right students. The tool also helps schools to prevent hundreds of millions of dollars in potential improper payments within the Federal Pell Grant Program.