VOCADO FEATURED IN NRCUA WEBINAR • WATCH THE VIDEO!

The New Reality of Financial Aid Solutions

November 8th, 2017 • National Research Center for College & University Admissions (NRCCUA®)

At first glance, one might think that financial aid solutions should satisfy three essential requirements: allow students to apply for, track, and receive funding. The reality, however, is entirely different - the world of financial aid (FA) is very complicated, given emerging elastic academic models and broad and varied funding sources. In essence, financial aid is rapidly transforming from a problem that administrators need to solve, to a strategic capability deployed by institutions to benefit administrators, advisors, institution leadership and students. Any FA solution worth considering must, therefore, handle this complexity focus on the all-important contemporary learner. 

This webinar shares the findings of our recent report on this area and present how Vocado, one of the report's top vendors, is responding to the challenges of this ecosystem. 

WHAT YOU WILL LEARN:

  • What shifts are taking place in education models and how must FA solutions support these shifts
  • Where many FA solutions struggle to respond to these shifts
  • What it means to have a “Student Centric” financial aid solution and why this is important
  • How technology can be deployed to broaden student access to a variety of funding sources — How this drives down student debt and reduces institutional expenditures on financing student education
  • How student finance systems can improve seemingly unrelated metrics like student retention and success

VOCADO RECEIVES HIGHEST MARKS IN EDUVENTURES REPORT

Vocado, LLC, the only financial aid management solution to process each student’s financial plan individually and in real-time, was evaluated by Eduventures, the research and advisory division of NRCCUA, providing analysis and recommendations for higher education leaders. In a newly published report, Vocado was compared to 14 other financial aid processing vendors.

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VOCADO ENHANCES STUDENT PORTAL FOR HIGHER EDUCATION FINANCIAL AID MANAGEMENT

Vocado, LLC, the only financial aid management solution to process each student’s financial plan individually and in real-time, has developed a flexible, out-of box student portal for higher education institutions. The enhanced student portal provides a turnkey option for schools who need a comprehensive online platform for student finance management.

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SOC 1 AUDIT REPORT ANNOUNCEMENT

Vocado, the only fully automated financial aid management solution for higher education institutions, has received a Service Organization Controls (SOC) 1 Type 1 Audit Report. This distinction independently confirms that Vocado’s information technology general control system for financial aid managementmeets the American Institute of Certified Public Accountants’ (AICPA) rigorous trust services criteria for control environment & risk assessment, local access & security, computer operations, system change management, and back-up & recovery.

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