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NMC Launches New Financial Aid System (August 19, 2008)

Northern Marianas College students can now have their financial aid awards processed more quickly and efficiently as the College launches a software module that fully automates the financial aid process.

The software, named PowerFAIDS, manages student eligibility for financial aid, verifies student information, helps manage Pell Grant disbursement, prepares award packaging, and simplifies financial aid reporting and research. PowerFAIDS also enables the College to electronically and simultaneously communicate with a large number of students to follow up”for example”any missing information in a financial aid application.

“The software also makes it possible for financial aid office staff to have online access to real-time financial award information,” said NMC President Dr. Carmen Fernandez. “The instant access to timely information about eligibility and award forecasts will play an important role as students and their families make important decisions about the future.”

Another advantage of PowerFAIDS is that it integrates with NMC’s main student information system, PowerCAMPUS. As such, NMC Information Technology Director Adrian Atalig anticipates that importing student academic and demographic data into PowerFAIDS will occur seamlessly.

Training sessions for the new software module took place from August 12 to August 15. They were conducted by SunGard Higher Education consultant Angelina Bryant.

“The next upgrade to the financial aid system will allow students to have the same instantaneous access as the staff have now,” President Fernandez said.

“The deployment of the software is part of NMC’s aggressive efforts to streamline and automate many tedious tasks to increase staff productivity and expand services to our students,” President Fernandez added.

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