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Financial Aid

Banking executives discuss how higher ed institutions are doing in their efforts to teach students to be responsible about their finances while in school and in future stages of life.

The costs of higher education continue to challenge students, while the pressure to reduce administrative overhead and improve efficiency is constant for institutions and their executive leaders. Taking the right approach to student payment plans is one way to address both of these concerns. 

4/19/2018

Student loan debt—as well as delinquency and defaults—continue to be serious concerns among students, alumni, parents, higher ed institutions and their communities. The financial burdens on students can negatively impact both their success while enrolled and after graduation, as well as the enrollment, finances and public image of institutions as a whole.

9/28/2017

For many institutions, implementing new processes, platforms or solutions in the business office, bursar’s office or financial aid departments can seem intimidating and overwhelming. Besides ensuring that any new process or solution improves efficiency and meets the needs of both students and staff, there are a multitude of other factors to consider, such as security, compliance, logistics, and project timing and prioritization.

BACK A BOILER—Purdue's self-funded ISA program has served 160 juniors and seniors since its launch in fall 2016 and will include sophomores as of next school year. Students with any major may participate in the program, launched as part of a broader effort to make college affordable.

The ISA concept, which many describe as selling stock in yourself, is now an emerging hot topic within the higher ed financing debate.

Wisconsin college employs Third Coast Higher Education for Financial Aid assessment and improvement project

Times of transition are always a good opportunity for evaluating processes in a financial aid office. So when the director of financial aid at Beloit College in Wisconsin took a new position, leadership at the 1,350-student institution decided to examine that department’s business operations.

Mike Walters

An institution’s enterprise resource planning (ERP) system drives many of its core processes. ERP software allows students and faculty to access key information, and staff to automate previously manual tasks. It is critical for administrators to make their other programs, such as payment technology systems, integrate seamlessly with the software that governs so much on campus—the ERP.

DeeAnn Wenger, President, Nelnet Business Solutions

2015 closed with a flurry of developments for the payment technology industry that stand to impact campuses throughout 2016. Where should colleges and universities begin to make sure they’re ready for these changes?

Western Governors University gets assist from CampusLogic to reduce loans, future debt

Students at Western Gover- nors University, an exclusive- ly online higher ed institution, get a free lesson in responsible borrowing that is paying dividends many years beyond graduation. 

AcademicWorks streamlines award application and distribution process at Auburn University

Hundreds of scholarships are awarded at the university, college and department levels at Auburn University in Alabama. Prior to spring 2013, there was no central scholarship management process for the institution’s 27,287 students and 13 colleges and schools.

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