How Much Financial Aid Process 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 processes 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 each of the top enrollment models:
This extensive 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 automation is possible at your institution.