"Built specifically for financial aid management, PowerFAIDS is a system that provides a user-friendly foundation for our work that is flexible enough to incorporate data from our other campus systems. Integrating campus data into financial aid operations such as awarding, satisfactory progress, reporting, and our communication plan is both essential and easily achievable. PowerFAIDS gives us the dedicated stand-alone software we need without costing us in our integration with the campuswide network."
— Nick Jenkins,
Director of Financial Aid
PowerFAIDS allows you to efficiently and equitably administer financial aid, eliminating hours of paperwork and allowing you more time for student interaction.
PowerFAIDS was developed by seasoned
financial aid experts at the College Board. We've been supporting financial aid since the development of the field over 60 years ago.
PowerFAIDS is backed by independent research, experienced field staff, and insights from nearly 4,000 College Board member institutions, committees, and advisory groups.
PowerFAIDS is used by more than 650
"Even after having used PowerFAIDS for more than 15 years, I am continually amazed and delighted at the advances provided annually. Direct Loan processing has gotten smoother with each year, and the new Return to Title IV enhancements have made for much more efficient work in our office."
— Vicki Obermann,
Assistant Director of Financial Aid
Between tracking applications, packaging,
and communicating and reporting, managing financial aid can be hard and demanding work.
PowerFAIDS automated software helps streamline day-to-day tasks so you can get back to what really matters — your students.
PowerFAIDS also efficiently packages student
aid awards by:
PowerFAIDS also takes the effort out of
creating and managing reports, letting you:
"Garrett College implemented PowerFAIDS two years ago. We find the system to be user-friendly with a service-oriented support team. Most importantly, PowerFAIDS is always on point with federal changes and updates."
— Cissy VanSickle,
Director of Financial Aid
In the past several years, institutions have
seen unprecendented increases in financial aid applications.
PowerFAIDS can help efficiently manage applications — even during the busiest times — and support the growing number of students who request financial aid.
For growing financial aid operations of any
size, PowerFAIDS can help create and update student records automatically by:
PowerFAIDS also allows you to dynamically calculate all your student budgets automatically.
Rather than building expense budgets for each student, PowerFAIDS allows you to build them globally and make adjustments to individual budgets without having to change the base setting.
"There simply isn't a system that does financial aid better than PowerFAIDS. As an institution, we resisted the temptation to commit to an enterprise system marketed on the promise that everything would be integrated across all proprietary modules. Instead, we purchased PowerFAIDS knowing that it could be easily integrated with any and all of our existing systems. It has not let us down."
— Craig Karlin,
Director of Financial Assistance
Fort Hays State University
The College Board updates PowerFAIDS to ensure that your financial aid operations remain compliant.
PowerFAIDS is also fully compatible with federal systems such as the Central Processing System (CPS), used by the U.S. Department of Education's Office of Federal Student Aid, and the Common Origination and Disbursement (COD) System.
PowerFAIDS allows you to access, create,
receive, and send federal financial aid data, including:
PowerFAIDS also helps you serve your institution's low-income populations by processing federal Pell Grants with:
"After looking at all the features that PowerFAIDS had to offer financial aid, we knew we had to purchase this system! We are so thankful to have the opportunity to use this fantastic, user-friendly system. We were able to implement the PowerFAIDS system within three months.With the assistance from our IT staff, PowerFAIDS, and financial aid staff, we had a smooth transition from our previous system to this outstanding financial aid software."
— Mary Standerfer,
Financial Aid Director
Rich Mountain Community College
Checking and rechecking your students' applications and your college's financial aid data are a real challenge.
PowerFAIDS features checks and balances that reduce human error, which can happen with even the best financial aid professionals.
This frees you up to spend more time supporting and counseling students.
PowerFAIDS helps perform need analysis automatically by:
"PowerFAIDS has greatly improved our efficiency and accuracy with logical navigation, batch packaging, and quality control functionality. The flexibility within PowerFAIDS allowed us to mold the software to fit our unique academic program. We really appreciate the ability to make changes in-house without relying on IT's busy schedule."
— Troy A. W. Davis,
Associate Director of Financial Aid
Managing multiple financial aid funds can be complicated, particularly when it comes to tracking and disbursements.
Many financial aid systems also put undue stress on IT staff, who need to constantly support system changes, reporting, updating, and adjustments.
PowerFAIDS puts the control back in your hands.
PowerFAIDS allows you to manage and
disburse funds seamlessly. You can:
PowerFAIDS's easy-to-use software is built on Microsoft's .NET framework and allows you to relieve your IT team by allowing you to:
"Financial aid, enrollment, and education have become so data driven, and my office is constantly asked for complex data on the spot. PowerFAIDS allows us to quickly access and report on all types and segments of data. PowerFAIDS helps us effectively and efficiently do the challenging part of our work — getting the right money to the right students the right way at the right time."
— Gail W. Holt,
Dean of Financial Aid
Similar training and community efforts offered elsewhere can cost thousands.