Students/parents apply for financial aid often via paper-based forms and are individually assessed. Compliance is tracked by the institution and government agencies; institution’s ability to proactively offer aid using analytics-based decision making is limited.
Goals and Objectives
Identify and proactively propose financial aid to students and families, according to defined eligibility criteria and supported by analytics. Enable digital applications with a digital and online workflow.
Big data analytics, portals, online financial planning tools, digital forms
Use Case Summary
Relying on analyzed public and private data, students and families are pre-identified and offered custom financial aid appropriate to their situation.