Automating Financial Aid for the Top Enrollment Models
How Much Financial Aid Automation is Possible?
According to a recent Regent Education Client Benchmark Study, our customers have been able to automate financial aid processes as follows:
- Pre-Packaging – Up to 85%
- Packaging – Up to 98%
- Re-Packaging – Up to 90%
- Post Packaging – Up to 95%
- Returns – Up to 90%
Which Enrollment Models Can Be Automated?
With Regent Education, you can automate financial aid for all enrollment models. This includes the traditional academic year as well as borrower-based academic year (BBAY) and competency-based education (CBE) using standard and nonstandard terms as well as non-term enrollment models.
Check out the specific financial aid processes that can be automated for the top enrollment models:
TRADITIONAL STANDARD TERM ACADEMIC YEAR
BORROWER-BASED ACADEMIC YEAR WITH STANDARD TERMS
SUBSTANTIALLY EQUAL TERMS (LESS THAN 9 WEEKS)
This extensive financial aid automation is what has enabled our clients to reduce financial aid costs 50-70%, support enrollment growth without additional headcount, ensure continued compliance, and improve their students' experience.
To learn how we do it, check out our Financial Aid Software.
Contact Us if you’d like to see how much financial aid automation is possible at your institution.
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