Financial Aid Overview

Important:

Financial Aid Notification (FAN) letter is a deprecated product. It is strongly recommended that you use Communication Generation (Comm Gen) instead. For more information on Comm Gen, see Campus Community Fundamentals: Using the Communication Generation Process

Financial Aid automates federal and institutional financial aid processing for a more efficient operation. It provides flexibility and helps you manage financial aid activity for applicants and students.

With this application, you can:

• Receive and track financial aid applications.

• Design cost of attendance assessment by defining budget categories, items, and formulas.

• Manage need analysis, packaging, disbursement, and loan processing.

• Process origination and disbursement for FFELP, Direct Loan, and Pell Grant programs.

• Calculate federal Pell awards.

• Use award plans to automatically package students.

• Match financial aid sources to eligible students.

• Modify financial aid notification letters.

• Maintain federal compliance with annual regulatory updates for ISIR, Pell, Direct Loan, FISAP, and other federal updates.

• Post financial aid to student accounts.

• Provide students with self-service access to view, accept, and decline awards.

• Manage student work-study programs.