FREDERICK, Md., Feb. 28, 2017 /PRNewswire/ -- Regent Education, the leader in automated financial aid management and enrollment optimization solutions, today announced it has completed an $8.5 million round of funding with participation from both new and existing investors, as well as select clients. With this investment, Regent will accelerate product development across its suite of financial aid automation products, strengthen and deepen implementation services, and invest in innovation and growth.
"Securing this funding is a clear indicator of the confidence our investors have in our ability to drive innovation, earn new clients, and deepen our existing clients' deployments of the Regent Financial Aid product suite," said Jim Hermens, CEO at Regent Education. "We are thankful to our education and investment partners, as this investment will enable us to accelerate our work around enhancing and automating financial aid support across both traditional and non-traditional higher education enrollment models."
The company's flagship solution – Regent 8 – automates financial aid management for all enrollment models, including term-based, non-term, self-paced, and competency-based education. Regent also offers a variety of other solutions that help institutions attract more students and manage the onboarding and administration of those students more efficiently. These products are all delivered via a software-as-a-service model that integrates with other systems used by institutions to manage their students.
"We are excited about partnering with higher education institutions who recognize they need to adapt to increase their enrollment of today's non-traditional students," said Wright Steenrod, Partner at Chrysalis, one of Regent's investors. "Regent is uniquely positioned as the only automated solution that enables colleges and universities to offer the variety of enrollment models necessary to attract, fund, retain and graduate students."
This week, Regent will be participating in HEUG's Alliance Conference for Oracle application users. Regent will be co-presenting alongside the University of Wisconsin-Extension and the Kentucky Community and Technical College System in two separate presentations. Details on these presentations can be found at: https://heug2.socious.com/page/2017-agenda.
To learn more about Regent Education, please visit: www.regenteducation.com.
Founded in 2006, Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using non-traditional enrollment models. Today, Regent 8, Regent's financial aid management system, is the only solution that provides end–to-end automation for non-term, non-standard term, and standard academic years. Regent Financial Planner provides students and families with financial aid estimates for the full cost of a program at an institution. Regent Review is the industry's only fully-automated verification solution.
Regent is a nationally-recognized leader in results-driven enrollment optimization and financial aid management solutions that are web-based, easy-to-use, and interoperate with any existing student information system. Regent offers cloud-based solutions that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks, and deliver bottom-line results.
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SOURCE Regent Education