Washington State Community and Technical Colleges Go Live with Regent Enterprise

Frederick, MD – February 11, 2008 – Regent Education, the leading provider of financial aid management Software-as-a-Service (SaaS) solutions for higher education institutions, today announced that Washington State Board for Community and Technical Colleges (SBCTC) has gone live with Regent Enterprise.

Consisting of 34 community and technical colleges, SBCTC’s vision is to build strong communities, individuals, and families, and to achieve greater global competitiveness and prosperity for the state of Washington and its economy by raising the knowledge and skills of the state’s residents. “Regent worked diligently with our project team to successfully implement this large scale enterprise deployment on a fast track,” said Michael Scroggins, SBCTC’s Deputy Executive Director of Information Technology. “Regent is a good partner, and this is a great success.”

Regent’s enterprise solution will enable the 34 Washington State community and technical colleges to automate and manage their complete financial aid business processes, administration, disbursement, packaging, compliance, tracking, communications, verification, imaging, and all student financial aid self-service activities. Regent Enterprise’s automation enables the following:

• Cost efficiencies through standardization and workforce optimization.
• Transparency across an entire enterprise.
• Configurability over customization for a high level of flexibility.

“Washington State’s decision to implement Regent Enterprise in its 34 community and technical colleges further validates Regent’s value as the best of breed financial aid solution,” said Mike Ratti, Regent’s CEO. “SBCTC is a leading technology innovator among state systems, and we are looking forward to a very successful partnership.”

Regent Enterprise provides SBCTC with an on demand service that enables its 34 institutions to realize a high return on investment and economics of scale. The automation enabled by Regent Enterprise will help the Washington schools to decrease the time required to process, distribute, track, and verify award letters, as well as provide accountability for tasks.

About Regent

Named Firm of the Year by the Tech Council of Maryland and a 2008 CODiE Award Finalist for Best Postsecondary Enterprise Solution, Regent is a leading Software-as-a-Service provider of financial aid management software solutions with more than 30 years of industry experience. The company’s web-based, easy-to-use solutions interoperate with any established student information system. Regent provides institutions with improved efficiencies, fewer errors, and enhanced services for students, equaling a positive return on investment within the first year.

Regent’s management solutions are designed and built by and for members of the financial aid and enrollment management communities. Regent enables institutions to better craft and execute financial aid strategies. With its Student Self Service Portal, the company also offers 21st century access for students seeking financial aid information anytime, anywhere, from any device, in any language. For more information, visit: www.regenteducation.com.