Regent Releases Regent Enterprise Multi-Enrollment Version
First online delivery solution to automate financial aid management for multi-enrollment enterprises
Frederick, Maryland (Vocus) June 11, 2009
Regent Education, the leading provider of financial aid management (http://www. regenteducation. com/solutions) Software-as-a-Service (SaaS) solutions for higher education institutions, today announced that its Regent Enterprise (RE) Financial Aid Management Solution now provides institutions with a single platform for processing all financial aid to support both multiple enrollment and payment periods.
"As a career college with 6 campuses and 3 individual PELL IDs, we have always struggled to find a financial aid solution that would allow us to effectively manage our nontraditional calendar," said Miria Batig, Corporate Director of Financial Aid for The Ohio and Illinois Centers for Broadcasting. "Regent Enterprises' multi-enrollment capabilities provide cohesiveness and clarity over our entire enterprise, allowing us to provide our term and non-term students with a solution that will eliminate the headaches and confusion of multi-enrollment financial aid packages."
Today, over 70% of undergraduate students take classes online, and with the growth in demand for online courses, every institution will now have the administrative capability to open and manage an online division and the ability to support unlimited starts and enrollments. Additionally RE provides support for cross registration. RE will evaluate and automatically apply the best financial aid package when federal rules allow flexibility over which year's estimated family contribution can be used.
"Over the past several years the proliferation of online delivery and other nontraditional initiatives has reinvented higher education," said Michael Ratti, Regent's CEO. "The innovation gap for admitting students has been a material barrier for institution's ability to deliver and manage nontraditional programs where every student enrollment represents a unique enrollment period. With Regent Enterprise, institutions now have the administrative backbone to support the delivery of any and all types of programs."
Key benefits include:
Program specific definition - Ability to define program costs, length and academic requirements and associate it with a cohort of students based on their start date. Multiyear packaging - Ability to view projected aid for an entire program of study. Multi-enrollment processing in a single product - Whether students are non-term or a combination of term and non-term, financial aid can be processed on one platform. Automatic term dates with crossover support - Completely automated progress monitoring and projections for term adjustments, including crossover support. Guided R2T4 and automated re-entry - R2T4 "wizard" guides staff through the refund process, virtually eliminating compliance risk.
About Regent
Named Firm of the Year by the Tech Council of Maryland and a 2008 and 2009 CODiE Award Finalist for Best Postsecondary Enterprise Solution, Regent is a leading Software-as-a-Service provider of financial aid management software solutions with more than 30 years of industry experience. The company's web-based, easy-to-use solutions interoperate with any established student information system. Regent provides institutions with improved efficiencies, fewer errors, and enhanced services for students, equaling a positive return on investment within the first year.
Regent's management solutions are designed and built by and for members of the financial aid and enrollment management communities. Regent enables institutions to better craft and execute financial aid strategies. With its Student Self Service Portal, the company also offers 21st century access for students seeking financial aid information anytime, anywhere, from any device, in any language. For more information, visit: www. regenteducation. com.
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