The latest innovation in fund management from Regent Education automates the full process of swapping general awards for donor-specific ones
FREDERICK, Md., June 18, 2025 - Regent Education, a leader in SaaS-based financial aid and fund management solutions, announced today, Award Swapping, a new feature for Regent Fund—its solution that automates fund management from application to award to reporting. Scheduled for release later this summer, Award Swapping, also referred to as Subsidiary Funding, automates the full process of swapping general awards for donor-specific ones, reducing administrative work and minimizing errors caused by manual tracking.
For financial aid offices, ensuring the distribution of funds to the most eligible students per the donor's request is essential. However, donors often include specific instructions and a set of criteria that their award recipients must meet, making the process manual and tedious. That's where Award Swapping comes in. With Award Swapping, users will simply configure the system to award, swap, and re-award funds as needed, eliminating the need to manually manage the association between its general funds and donor funds.
"Regent Education's Award Swapping will change the game when it comes to the management of donor funds," said Ron Dinwiddie, Chief Product Officer, Regent Education. "Using automation, Award Swapping will ensure that even the most specific and complex donor funds will be spent and distributed to the most eligible students. It will save hours, weeks, or even months of work, allowing scholarship administrators to shift their focus back to what matters most: helping students."
The new feature will automate the full process of swapping awards, from initial awarding, use of budgets, and fund linkage to awarding prioritization for donor funds, swapping of awards, and repackaging of any changes. And it will do so for both simple and complex eligibility criteria.
"We're excited about the potential of these enhanced features that would enable automation of Award Swapping at BYU-Idaho," said Mike Kelley, University Aid Manager at BYU-Idaho. "Automating the process of replacing general awards with donor-specific ones will save our staff significant time and effort."
"We're incredibly excited about the upcoming release of Award Swapping as it underscores our commitment to continuous innovation in financial aid and fund management," said Jim Hermens, Chief Executive Officer, Regent Education. "By automating complex awarding processes and eliminating time-consuming, manual work, we're improving efficiency and delivering meaningful value to our clients."
To gain an exclusive look at the upcoming release of Award Swapping, please attend the following sessions at NASFAA 2025:
Introducing Award Swapping: Regent Education's Latest Innovation & Roadmap Preview
Wednesday, June 25 at 12:15pm
Room 204C
Unlocking Opportunities: BYU-Idaho's Financial Aid Process & Award Swapping Initiative
Thursday, June 26 at 1:30pm
Room 211
About Regent Education
Regent Education enables colleges and universities to simplify and automate the management of the most complex financial aid scenarios, maximize institutional scholarship dollars, eliminate enrollment barriers, and exceed enrollment goals. With a sole focus on financial aid, Regent Education delivers a holistic suite of SIS-agnostic, cloud-based solutions designed to meet an institution's scholarship and financial aid needs across all enrollment and educational models. Learn more at www.regenteducation.com.
CONTACT: Heather A. Hodgson, heather.hodgson@regenteducation.com
Link to the Press Release: https://www.prnewswire.com/news-releases/award-swapping-for-regent-fund-will-release-in-summer-2025-302484334.html?tc=eml_cleartime
