Why Form 1099?

So couple days ago I got an update from a college asking my parents to upload Form 1099 to IDOC. What seems rather weird is that our other forms already covered what is Form 1099. It makes us feel rather uncomfortable is that the Form 1099 includes our specific stock holdings, bank account and etc. It feels very invasive to our privacy and it makes no sense. Everything on Form 1099 is already there, why bother asking these again in such detail? Also, can I refuse to upload those documents?

Also, can I refuse to upload those documents?<<<<<<<<<<<

You can refuse to do any of these things, you just need to be full pay. They can ask for whatever they like if you want their money. 1099 what BTW, you might want to specify?. 1099 div?int?

I am not sure because on IDOC it just says Form 1099. Nothing else. After some research, I assume that they want all the Form 1099 we received…? I think? But thanks for your reply, looks like I may have to comply if I need that financial aid.

Yes, it is stupid but unfortunately that is how it works.