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ABOUT REGENT. 100% dedicated to Financial Aid and Enrollment Optimization as our core business 80+ employees dedicated to financial aid solutions Over 300+ collective years of higher education expertise Products designed from inception to support all enrollment models.
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ABOUT REGENT • 100% dedicated to Financial Aid and Enrollment Optimization as our core business • 80+ employees dedicated to financial aid solutions • Over 300+ collective years of higher education expertise • Products designed from inception to support all enrollment models
CBE and the Administration of Title IV Aid • Over 70% of today’s students receive some form of Federal Financial Aid • Critical to the successful implementation of a CBE program-but often the reason for not moving forward or delays • A Title IV approved enrollment model that supports CBE exists (non-term), but systems cannot support
Why is Financial Aid a Hindrance? • Financial aid management systems are designed around the concept of structured periods of enrollment • To achieve the benefits of CBE, students must be able to progress academically at their own pace and not be hindered by artificial start and end dates • What are the options?
Enrollment Model Overview • Terms are the building blocks for student academic years • For financial aid purposes, a student’s academic program is delivered in one of three structures: • Standard Term • Nonstandard Term (NST) • Non-Term
What is Non-Term? • Under Non-Term: • courses do not begin and end within a set period of time • courses can overlap the term begin and/or end dates • Versions: • Self-paced • Modules • Consecutive • Overlapping • On-demand
Why Non-Term for CBE? • Designed for self-paced learning • Financial aid model matches academic model • Students can progress at their own rate and not be hindered by artificial start and end dates • Students that progress quickly are not prevented from continuing to take additional credits: • They can continue to receive financial aid • They are not at risk for not meeting SAP requirements if they do not complete credits during the artificial end dates required for standard term and non-standard term models • Experimental Sites
Approaches • Manual processing • Round Peg Square Hole (Non-Standard Term) • SAP Implications • Students are hindered in their ability to progress academically • Moving to Regent 8
Regent 8 support of CBE • Why was Regent 8 designed for CBE? • Regent 8 designed from inception to fully support and automate end-to-end financial aid processing for all enrollment models • Enables schools to offer multiple enrollment models with one solution • Foundational design is architected differently that any other solution Only 2 in 10 students attend a residential campus full time-making the ability to offer flexible enrollment models critical in meeting students needs
Schools representing over 250 campuses are actively using or deploying Regent 8