| Department/Area: Financial Aid | ||||||
| SYSTEM MUST HAVES | ||||||
| MET? | (Place a 0, 1, or 2 in the box next to each item to indicate how the vendor meets the requirement.) | |||||
| 0 = No | ||||||
| 1 = Yes - with difficulty | ||||||
| 2 = Yes | ||||||
| CONSORTIUM TOP 10 | ||||||
| Automated packaging of financial aid awards based on school affiliation (non traditional programs), calendar ,budget and institution's rules and criteria | ||||||
| Notes: | ||||||
| Strong Reporting Capabilities - Canned reports and flexibility to create other types of reports | ||||||
| Notes: | ||||||
| Document and Contact Management tracking system including control over design and production of award letters | ||||||
| Notes: | ||||||
| Ability to import/export data with third-party vendors and applications (Great Lakes, Pell Grants, ISIR corrections, Excel, etc) | ||||||
| Notes: | ||||||
| Web student access , preferably Realtime | ||||||
| Notes: | ||||||
| Interrelation with FinAid and Student Accounts billing statement | ||||||
| Notes: | ||||||
| Free Form student based comments | ||||||
| Notes: | ||||||
| Identify and track Outside Scholarships in Student Accounts | ||||||
| Notes: | ||||||
| User friendly view to Student Records, Development, Student Accounts | ||||||
| Notes: | Notes: | |||||
| Need analysis tools and updates | ||||||
| Notes: | ||||||
| DEMO TOP 10 IN PART BY SHOWING THE FOLLOWING | ||||||
| Establish a new fund | ||||||
| Notes: | ||||||
| Batch Processing - eg. Data posting, letter generation, comments | ||||||
| Notes: | ||||||
| Flow of Aid applications from receipt of ISIR to disbursement of aid, including batch processing capabilities. | ||||||
| Notes: | ||||||
| How the system trackS W's for SAP - Rules for SAP | ||||||
| Notes: | ||||||
| How the system calculates State Grant using term specific criteria | ||||||
| Notes: | ||||||
| Show the audit feature e.g. Revised award letter - how does the student know it has changed | ||||||
| Notes: | ||||||
| Write a report to identify students who have SEOG and not PELL | ||||||
| Notes: | ||||||
| Other Musts in Top 10 at One or More of the Colleges | ||||||
| Control over design and production of award letters | ||||||
| Notes: | ||||||
| Need analysis tools and updates | ||||||
| Notes: | ||||||
| School affiliation, calendar and budget follow the student enrollment , including non-traditional | ||||||
| Notes: | ||||||
| Integration with the admissions product to identify eligible students and develop rule based criteria | ||||||
| Notes: | ||||||
| Audit Trail - with archiving | ||||||
| Notes: | ||||||
| System that allows users to control disbursement flags to allow/prevent disbursement | ||||||
| Notes: | ||||||
| Local/User defined data fields | ||||||
| Notes: | ||||||
| Comprehensive display of Fund Management | ||||||
| Notes: | ||||||
| Integration with the admissions product to identify eligible students and develop rule based criteria | ||||||
| Notes: | ||||||
| Audit Trail - with archiving | ||||||
| Notes: | ||||||
| System that allows users to control disbursement flags to allow/prevent disbursement | ||||||
| Notes: | ||||||
| Local/User defined data fields | ||||||
| Notes: | ||||||
| Comprehensive display of Fund Management | ||||||
| Notes: | ||||||
| Storage and retrieval of summarized aid history for individual aid recipients. | ||||||
| Notes: | ||||||
| Flexibility in creating Cost Of Attendance budgets (in #4) | ||||||
| Notes: | ||||||
| Institutional Need Analysis methodology | ||||||
| Notes: | ||||||
| Storage and retrieval of summarized aid history for individual aid recipients. | ||||||
| Notes: | ||||||
| Flexibility in creating Cost Of Attendance budgets (in #4) | ||||||
| Notes: | ||||||
| Institutional Need Analysis methodology | ||||||
| Notes: | ||||||
| Satisfactory Academic Progress - SAP | ||||||
| Notes: | ||||||
| Institutional Financial Aid Applications online linked to database | ||||||
| Notes: | ||||||
| Satisfactory Academic Progress - SAP | ||||||
| Notes: | ||||||
| Institutional Financial Aid Applications online linked to database | ||||||
| Notes: | ||||||
| Loan Processing module - aggregate loan limits are not exceeded, substitute the efc for unsubsidized loans, import export data, eligibility edits | ||||||
| Notes: | ||||||
| Import CSS Profile | ||||||
| Notes: | ||||||
| Loan Processing module - aggregate loan limits are not exceeded, substitute the efc for unsubsidized loans, import export data, eligibility edits | ||||||
| Notes: | ||||||
| Import CSS Profile | ||||||
| Notes: | ||||||
| Ability to work and collaborate with other schools regarding programming - Fed/State Grant | ||||||
| Notes: | ||||||
| Student Employment / Work Study including recording and printing agreements | ||||||
| Notes: | ||||||
| Annual/monthly production statistics - e.g. ISIRs loaded, docs received, awards | ||||||
| Notes: | ||||||
| Fisap | ||||||
| Notes: | ||||||
| Client communication email and paper | ||||||
| Notes: | ||||||
| Control over design and production of award letters | ||||||
| Notes: | ||||||
| Paperless Processing/Document Imaging of all institutional data | ||||||
| Notes: | ||||||
| Title IV Refund calculations | ||||||
| Notes: | ||||||
| Rule based Cash Management | ||||||
| Notes: | ||||||
| School affiliation, calendar and budget follow the student enrollment , including non-traditional | ||||||
| Notes: | ||||||