Grantham University Celebrates One-Year Anniversary of using Regent Education to automate financial aid processing, student experience Regent Enterprise and Regent SNAP were both implemented within a 60-day timeframe
KANSAS CITY, Mo., Nov. 29, 2012 /PRNewswire/ -- Grantham University, an accredited online university specializing in educating working adults, selected and implemented financial aid management solutions from Regent Education to assist the University in the processing of Title IV financial aid.
"When we received approval in 2010 from the U.S. Department of Education to begin administering Federal Student Aid programs including Pell grants and direct loans, we needed to identify and rapidly implement a comprehensive financial management platform that could meet the needs of the University and our students," said Grantham University President Joseph McGrath. "We selected Regent Education and were pleased to have completed the initial implementation within a very aggressive sixty day timeframe. Since the implementation phase, we have built an ongoing partnership with Regent Education over the past year."
Regent Enterprise allows Grantham to comply with and manage all of the requirements mandated by the Department of Education—as well as any institutional policies they may choose to implement. Support for multi-year packaging, automatic term dates with crossover support, and automated R2T4 processing are just a few of the features that allow institutions to optimize their financial aid processing and reduce award times.
With Regent SNAP, Grantham can offer a comprehensive and configurable student-facing environment that helps students navigate the complex requirements of financial aid. With capabilities for a Net Price Calculator and an automated eFAFSA submission - all via a secure student portal - students spend less time filling out forms and more time focused on their studies.
"In today's economic climate, it's more important than ever for universities to manage the financial aid process in an efficient, compliant and service centered manner," said Randy Jones, CEO of Regent Education. "As Software-as-a-Service (SaaS) solutions, Regent products are implemented more rapidly and efficiently than traditional on-premise deployed solutions."
"We were very pleased to work side by side with the team at Grantham to go live with both of our solutions in only sixty days and look forward to a long and successful partnership," said Jones.
Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using BBAY and non-term enrollment models. Regent traces its beginnings to the founding of Computing Options, a student information system provider, in 1984. In 2006, a team of entrepreneurs incorporated Regent to acquire Computing Options as a platform for a standalone financial aid management system. Today, Regent 8, the eighth version of Regent's financial aid management system is the only solution that provides end to end automation for non-term, nonstandard term, and standard academic years. Regent SNAP enables schools to provide estimated awards to prospective students in 15 minutes or less-a process that normally takes days or weeks.
Regent is a nationally recognized leader in results-driven enrollment optimization and financial aid management solutions—solutions that are web-based, easy-to-use, and inter-operate with any existing student information system. Regent offers software-as-a-solution (SaaS) tools that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.
About Grantham University:
Established in 1951, Grantham University specializes in online education for the working adult student. Grantham's online undergraduate and graduate degree programs include: Accounting, Business Administration, Criminal Justice, Computer Science, Engineering Technology, Allied Health, Information Technology, Medical Coding and Billing, Nursing, Human Resource Management and Business Intelligence. Accredited since 1961 by the Accrediting Commission of the Distance Education and Training Council, Grantham University has compiled a distinguished record as a respected and accredited distance learning university spanning six decades of service to education. For more information about Grantham University and its degree programs, visit www.grantham.edu or call 800-955-2527
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SOURCE Regent Education