Financial aid management software handles the administrative processes involved in the issuing and management of financial aid. These solutions are typically used by higher education institutions to maintain compliance, reduce costs, and improve the entire process of financial aid distribution.
Administrative professionals in higher education institutions use financial aid management software to automate financial aid document processing, communicate with students regarding their financial aid, distribute forms digitally, and analyze data associated with the entire process. Students can use a portal to submit documents, track progress, and maintain an overview of their own financial aid status.
To qualify for inclusion in the financial aid management category, a product must: