This article is to outline the Enrollment Verification and award payment process for schools.
Once school is in session in the fall, ACE will reach out to complete Enrollment Verification (ie confirmation that students awarded scholarships at your school are enrolled, or not). This occurs through a shared report sent from ACE through FACTS called "Enrollment Status S1". In this report, you will review all students with an award amount greater than $0. You will then mark each student accordingly if they are enrolled YES or NO and save in FACTS. If a student is not enrolled, we ask that you include the reason if you are aware. Note, if you do not save the report, it will show as being incomplete.
Once this process is complete for all schools within your state/market, ACE will send one payment of 50% for all the awarded enrolled scholars for first semester directly to your school via ACH direct deposit, if that information is provided to ACE. If not, it will come as a physical check to the mailing address we have on file. If you need to update your ACH information, please reach out to ACE directly. ACH direct deposit is preferred by ACE whenever possible.
This same process will then repeat second semester, with a report sent from ACE through FACTS titled "Enrollment Status S2", completion of Enrollment Verification, and 50% of all awarded funds sent for second semester.
Instructions are attached below.
*Please Note: This is not the process for ACE LA.