Financial aid services for colleges and universities; namely, collection and review of financial aid related documents from student applicants to colleges and universities, notifying student applicants to complete or correct documentation if necessary, scanning and imaging submitted financial aid related documents and making said scanned and imaged documents available for viewing to participating colleges and universities on a secure Internet web site, creating electronic data record files based on information contained in submitted financial aid related documents and electronically transmitting said electronic data record files to participating colleges and universities, compilation of electronic data record periodically on CD-ROMs and providing said CD-ROMs to participating colleges and universities,