For higher education institutions, processing financial aid is a complex undertaking. It’s why institutions turn to financial aid management (FAM) systems to manage all the administrative processes, maintain compliance, reduce costs, and improve the entire financial aid distribution process. All FAMs support the following three core financial aid processes: Enable institutions to receive and process […]
Financial aid is critical to meeting institution’s enrollment, retention and student success goals. Per Noel Levitz, being the first to demonstrate affordability to prospective students will give you a critical advantage in this competitive and cost-conscious market. But time and speed aren’t the only factors of success. Financial aid departments must also manage the changing demographics of their prospective and current student base and their increased, sophisticated digital and self-service expectations.