Partners

 
Enrollment

 

College Board

College Board partners with Jenzabar to provide PowerFAIDS as a Financial Aid module option to users of Jenzabar’s ERP software systems. This powerful software combines a broad range of data processing services into a single, easily manageable solution. PowerFAIDS manages federal aid requirements and institutional aid programs and objectives, and gives financial aid staff the information and tools they need to provide smarter, faster service to applicants.

PowerFAIDS automates the entire aid process and eliminates hours of tedious paperwork. It manages student eligibility, verification, Pell Grant management, award packaging, loan origination, reporting and research. The latest federal rules are programmed into the software so users are always compliant with federal regulations. PowerFAIDS offers the following features and benefits for users of Jenzabar’s ERP software systems:

  • Supports complex enrollment patterns using the institution's academic calendar
  • Streamlines time-consuming functions such as cost of attendance construction and document tracking
  • Automates computation of Federal Methodology and Institutional Methodology need analysis with INAS ® Inside, the industry standard for need analysis
  • Manages unlimited funds controlling both student eligibility and fiscal record-keeping
  • Provides sophisticated aid packaging algorithms to implement institutional aid policies efficiently
  • Supports early decision/early action awards each year
  • Automates and enhances interaction with students using functionally rich communications, including the ability to e-mail students directly
  • Includes an extensive data dictionary with over 200 institutionally defined data fields and over 1,000 predefined elements available for each student and each award year
  • Integrates easily with the Federal Central Processing System, saving time and energy
  • Automates disbursement functions according to federal and institutional rules to ensure the right payments on time
  • Expands customer service to students and provides data to other campus office colleagues more efficiently through optional PowerFAIDS Web Modules, Web Client and Net Partner
  • Provides reporting, including FISAP and the Common Data Set Survey, as well as custom reports
  • Rolls over funds, packaging formulas, budgets, student data, and other key information each year automatically with the Parameter Roll Forward feature

Learn more: Download PowerFAIDS by College Board Overview (PDF)

For more information, please visit www.powerfaids.org.