Datatel Financial Aid

As budget cuts force many colleges and universities to raise tuitions, financial aid has become an integral part of enrollment strategies. A significantly increasing number of students are applying for financial aid, placing demands to manage additional workflow on your financial aid office.

Datatel Financial Aid can help you manage increased demands by facilitating the application aid process and ensuring full compliance with regulatory mandates.

Ensure financial aid compliance

Datatel works closely with regulatory bodies such as the U.S. Department of Education and National Council of Higher Education Loan Providers (NCHELP) to ensure compliance with critical financial aid regulations – Common Origination and Disbursement (COD), Reauthorization, FAFSA/ISIR, Pell Reporting, CommonLine and Direct Loan Data.

Receive updates with full regulatory compliance

Full compliance with federal mandates reduces your institution’s audit findings. Datatel is consistently first-to-market with financial aid updates, meaning your award letters are sent out before those of your competition.

Streamline your financial aid processes

Colleague Financial Aid incorporates built-in functions and workflows to expand your department’s capabilities. Additionally, communications management tools allow you to tailor an effective, targeted message.

Maximize student services and increase productivity

Colleague Financial Aid builds, exports, and imports all data exchanged with outside organizations such as the Department of Education. Student and financial data is shared throughout the institution, eliminating duplicate entries and redundant paperwork. Your students and staff will have 24x7 access to important award information.

To complete our solution, Datatel’s Professional Services Team can evaluate your current financial aid processes and procedures, and help streamline your workflow for improved productivity. For more information concerning Datatel’s SEM solutions, please call 1.800.DATATEL.