Financial Aid Training
Percentage of questions on the paper FAFSA that directly mention income, taxes, or a line from a tax return.

Why Financial Aid Training?

The Department of Education states that financial aid professionals are not expected to have special knowledge or expertise regarding the U.S. tax code. Even so, it requires them to identify students and parents who should have filed a tax return and did not, and identify incorrectly filed returns.

Training Solutions

Training workshops are available nationwide through regional and state professional associations, or can be customized specifically for your institution.

Full-Day Programs

One-day on-site training.

Understanding Taxes for Financial Aid Officers

This workshop covers all the tax-related information the Department of Education expects  financial aid officers to understand, including:

  • Verification of tax filers and non-tax filers
  • Common tax-related conflicting information issues
  • When is a person required to file a tax return?
  • What is the correct filing status for a taxpayer?
  • How to correctly calculate and report income earned from working
  • Amended tax returns and IRS Request Flag 07
  • Splitting a joint tax return when you only need one taxpayer’s information

Business Tax Returns & Financial Aid

Familiarizes financial aid professionals with the U.S. business income tax returns and how they can be used to determine cash flow and business valuations. Topics may include:

  • General concepts in business taxation
  • Sole proprietorships
  • Partnerships and LLCs
  • S-Corporations
  • Corporations
  • Trusts

Comprehensive Webinar Series

The full-day program Understanding Taxes for Financial Aid Officers, above, can be presented as a webinar series broken out into either (2) two-hour sessions or (3) 90-minute sessions.  State associations that offer these webinars to their members may record them and make the recording available to their members on-demand.

Short Programs or Conference Sessions

Iron Bridge Resources offers several hour-long programs that are suitable as an add-on to a full-day program or webinar, or as a conference session.  These programs take a deep look at specific tax and need analysis issues.  Please contact Robert Weinerman for up-to-date program descriptions and pricing.

We are always interested in meeting the needs of the higher education community.  If there is a specific training topic related to taxes or need analysis that you would like Iron Bridge Resources to offer, please let us know.

Introductory Financial Aid Training

Topics may include:

  • Assets in the need analysis: getting it right
  • Back to tax returns
  • Introduction to 2018 tax forms

Intermediate Financial Aid Training

Topics may include:

  • Asset-related conflicting information
  • Income earned from work:  Deep dive
  • IRS-FAFSA marital status mismatches
  • The 1098-T: A primer for financial aid officers

Advanced Financial Aid Training

Topics may include:

  • How the new tax code will impact financial aid
  • Introduction to business and rental property tax returns
  • Tax returns and professional judgment

For More Information, Please Contact:

Robert Weinerman

Director of Training

Robert does a terrific job presenting complex tax information in a systematic way. His training materials are comprehensive and serve as excellent reference documents. He researches questions needing further IRS clarification and delivers the information promptly. I highly recommend him and Iron Bridge Resources for tax workshops.

Maureen FagenNHASFAA Training Chair

Robert, thank you for your fabulously informative Tax Workshop. Your detailed explanations were greatly appreciated. The content was clearly presented and, while incredibly thorough and in-depth, I didn’t feel overwhelmed. I gained new knowledge and have references and resources to turn to as I begin the verification season.

Colleen Mulrooney BarkerAssistant Director of Financial Aid at Fairfield University