National University Selects Regent Education's Regent 8 Solution to Drive Efficiency and Service in Financial Aid Processing
SAN DIEGO, July 22, 2013 /PRNewswire/ -- National University is the second-largest private, non-profit university in California and the 12th largest in the United States. With more than 23,000 students it was imperative to find a financial aid management solution that would drive automation and support their complex packaging and repackaging needs. Regent 8 was selected based on its advanced packaging and automation capabilities, as well as its unique ability to support all enrollment models.
"With 28 regionally-dispersed campuses, a variety of programs, and a unique enrollment model, managing financial aid programs can be extremely challenging at National," said Valerie Ryan, Director of Financial Aid. "Other financial aid management products lacked the automation and flexibility we needed. We attended a Regent Education webinar to gain an understanding of functionality and features and were quickly able to see that the level of automation and flexibility with Regent 8 was exactly what we were looking for. Regent 8 will allow us to serve our students effectively, improve efficiently, and ensure compliance with federal regulations."
Key areas of focus for National included the automation of packaging and repackaging, return to Title IV, satisfactory academic progress, the disbursement process, and student communication. "We are very excited about the automation of processes and the associated reduction in back office tasks, and are equally excited about the increase in service to our students," said Randy Frisch, Vice Chancellor of Business and Administration.
"We designed Regent 8 to take automation to an entirely new level," said Shaun Poulton, CTO for Regent. "We have automated every aspect of the financial aid lifecycle, and have paired that with a state of the art user interface that dramatically improves the efficiency of our partner schools' financial aid offices. In addition to a significant reduction in time to provide students with financial aid awards, our customers are seeing their back office tasks reduced between 20% and 60%."
"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. "We were very pleased to be working with National and look forward to a long and successful partnership."
Regent 8 was built by a team of world-class engineers and a team of financial aid experts with over 250 collective years of experience. Regent 8 is the only 100% Software as a Service (SaaS) based solution to provide complete support for non-term, nonstandard term and standard academic year schools. Regent offers monthly webinars. To learn more visit http://www.regenteducation.com/about-us/webinars/ .
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 National University:
Founded in 1971, National University is the second-largest private, nonprofit university in California and the 12th-largest in the United States. With 23,000 full-time students and more than 130,000 alumni, National University is the flagship institution of the National University System. National University is dedicated to making lifelong learning opportunities accessible, challenging, and relevant to a diverse population of students. Five schools and one college–the College of Letters and Sciences; the School of Business and Management; the School of Education; the School of Engineering, Technology and Media; the School of Health and Human Services; and the School of Professional Studies – offer 133 graduate and undergraduate degrees and 23 teacher credentials at more than 45 locations throughout California and across the nation. A leader in online education, National University offers more than 70 degree programs via the Internet. National University is headquartered in La Jolla, California. To learn more, visit www.nu.edu.
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SOURCE Regent Education