em breve
Nova tecnologia e automação do trabalho manual acelerar os processos de concessão de ajuda financeira
- William Carey University (WCU) implementou um novo sistema de planejamento de ajuda financeira para abordar os desafios operacionais causados por um ciclo de ajuda financeira. Experiência.
- The work was carried out in phases, with the first designed to expedite federal financial aid processing and improve the student experience.
- A implementação aumentou drasticamente a eficiência e os níveis de serviço para apoiar o crescimento contínuo da universidade. Velocidade
Challenge: Overcome an abbreviated timeline
After experiencing double-digit enrollment growth, William Carey University (WCU), a private, faith-based university in Mississippi, seized the opportunity to provide a better student experience by expediting its financial aid cycle with cloud software.
Previously, financial aid staff performed nearly all processes — from financial aid packaging to loan origination and the disbursement of funds — manually. Complicating matters was WCU’s start date. Most universities’ first term of a financial aid year begins in the fall. At William Carey, it begins with the summer term.
To receive financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA), which is used to develop an institutional student information record (ISIR). This document is used by all colleges and universities, including WCU, to determine a student’s federal financial aid eligibility. At William Carey, financial aid staff have at least three fewer months than most other institutions to complete processes for the new federal award year upon receipt of the ISIR.
With growing enrollment, this administrative challenge, coupled with the inability of its legacy technology to automate most tasks, made it nearly impossible for WCU staff to continue working as it had been for so long.
Approach: Increase initial financial aid award packaging speed
William Carey invested in Oracle Student Financial Aid (SFA) as its new financial aid technology platform and began implementation with another system integrator. After unforeseen challenges pushed back the timeline by several months, WCU brought in Huron to optimize and complete its SFA implementation.
The first step was to conduct a two-day assessment, with a focus on:
- Understanding the university’s needs and expectations of SFA
- Evaluating the degree to which SFA was currently being used
- Determining what actions would be necessary for the university to use SFA to its fullest extent
A avaliação revelou várias lacunas, incluindo a incapacidade do sistema de tecnologia herdada da WCU para integrar nativamente com a SFA, o que significa que quase todas as soluções precisavam ser desenvolvidas a partir do zero. Até agora, os resultados significativos incluem o desenvolvimento das seguintes ferramentas:
The project was divided into three phases to manage the workflow effectively. Significant outcomes thus far include the development of the following tools:
| Automação de processamento de ISIR | Aplicações de autoatendimento | Auxílio financeiro Automação de embalagem de premiação |
|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
All phases include significant user training, report development, integration design and testing, and general financial aid consulting to empower WCU to be self-sufficient in the new system moving forward.
Resultados: Operações mais eficientes para maior rendimento | Os alunos e os pais diminuíram a quantidade de e-mail e tráfego telefônico, permitindo que a equipe gaste um tempo mais focado com os alunos. estudantes aceitos.
With the clock ticking for a summer start, WCU completed phase one in just four months, in time for the annual Carey Bound event held each spring for accepted students.
No evento, a equipe de ajuda financeira conseguiu ter discussões detalhadas com os alunos aceitos sobre os custos da faculdade e seus pacotes de ajuda financeira federal individuais pela primeira vez. Esse marco significativo ajudou a mitigar o risco de rendimento reduzido experimentado em eventos de anos anteriores. Autor
Since then, WCU has integrated new tools and capabilities to improve the entire financial aid cycle, allowing for more efficient and impactful financial aid services as it grows.