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 The University Financial Aid System Features
Student Application:
 | On line Student Application Questionaire
 | Real time validation edits |
| Easily customized to fit special institutional needs |
| Simplifies student application input |
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| Import student financial aid electronic application ISIR data records downloaded from
the US Department of Education processor. |
| Supports requests for duplicate ISIR for student(s). |
| Prints Federal Financial Aid SARs |
| Automatically prepares electronic change transmissions when a student data is changed. |
| Directly interfaces with US Department of Education communications software. |
| Real time expected family contribution calculations. |
| Dynamic interface control. |
Student Budgets, Expected Family Contribution, and
Need Determination:
| Allows each institution control over cost of attendance budget definitions. |
| Provides flexible criteria for assigning cost of attendance budgets to students. |
| Enables student budgets for individual term and enrollment levels. |
| Uses the federal calculated expected family contribution in determining need. |
| Automatically assigns cost of attendance budgets. |
| Allows the financial aid office to override cost of attendance budgets or budget
components for individual students. |
Application Tracking, Correspondence, and Verification:
| Automatically generates tracking letters based on predefined institution requirements. |
| Combines multiple tracking letter requests into a single student letter. |
| Real time tracking of student application from application through disbursement |
| Maintains a list of verification documents including original request date, most recent
request date, number of requests, document type, received date, waived date, notes,
comments, etc. |
| Allows a tracking document to be waived. |
| Disallows packaging or award disbursement until tracking criteria is met. |
Fund Control and Award Packaging:
| Allows each institution to control fund/award definitions and limits. |
| Automatically packages Pell grant awards. |
| Automatically packages all awards for students based on predefined packaging rules and
conditions, and accounts for various possible enrollment levels and expected attendance. |
| Support predefined packaging rules. |
| Allows each institution to define the sequence of funds/awards considered. |
| Establish award limits for each fund for each student. |
| Prevents over awarding of funds on an annual basis. |
| Prevents over awarding of funds on a lifetime basis. |
| Determines award amounts based on need, cost of attendance, or other parameters. |
| Determines award packages by term. |
| Performs automatic packaging in trial or final mode. |
| Supports overriding results of automatic packaging by individual student. |
| Supports awarding scholarships. |
| Supports disbursement processing. |
Award and Denial Letters:
| Automatically prepares award letters when awards are packaged. |
| Prints award letters on demand. |
| Maintains a log of all correspondence and award/denial letters. |
Audit Trial:
| Maintains an audit trail of award changes indicating who made a change, when an award
was changed and why it was changed. |
| Record audit trail of all before and after information for all student record changes,
with date, time, whom, where, and what change was made. |
Reporting Features:
| Provides federal FISAP reporting. |
| Supports ad hoc reports based on used defined criteria. |
| Maintains summary information for easy online access. |
Security:
| Provides complete system access security controls. |
| Limits access to security setup only to authorized users. |
| Enable large quantities of users to be defined with each user having multiple possible
modes of operation to control their types of access. |
Product Maintenance Updates, User Training and User Help:
| Provide training for each institution tailored to the unique differences between
institution type and current product in use. |
| Provide a help desk for assistance in using the new system and in identifying and
resolving problems. |
| Provide for annual changes as required by changing federal and state regulations. |
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