Word of the Day Wednesday: IDOC
Each Wednesday, MEFA will feature a Word of the Day, where we'll highlight a word (or sometimes a phrase) related to the college planning process. This month, we're focusing on vocabulary related to the CSS/Financial Aid PROFILE®.
Today's Word of the Day is IDOC.
IDOC is an acronym for Institutional Documentation Service, a program managed by the College Board. IDOC collects financial documents, including tax returns, W-2s, and 1099s, from families applying for financial aid. Colleges and universities request this information from families, and IDOC serves as the middleman, collecting the documents, scanning them, and sending the images electronically to colleges and universities. Colleges and universities then use the data to determine a student's eligibility for financial aid. Only those colleges and universities that have made IDOC requests will receive a family's submitted documents.
Students who need to submit documents to IDOC will receive a notification from the College Board. Many will also be notified of the requirement on their PROFILE Acknowledgment. Students will need to sign in to the IDOC website and print a Cover Sheet to include with their submitted documents. The IDOC website notifies students of the specific documents required, the status of documents already submitted, and all deadlines.
Why does this matter to you?
Many colleges and universities, specifically those that require the CSS/Financial Aid PROFILE, use IDOC within their financial aid process. If you're applying for financial aid, you need to ensure that you complete all steps within the financial aid process, as missing a step could cause you to lose out on significant financial aid.
For specific questions about IDOC, visit the IDOC Frequently Asked Questions page. You can also reach IDOC Customer Service by calling 305-420-3688.