Financial Aid

Financial aid management that’s graduated to the next level.

Designed to simplify the complex world of financial aid, Workday applications are built to serve both your school and your student.

Identify Work-Study recipients and take action.

Verify financial aid status and action items.

Analyze financial aid awards by program of study.

Manage more programs in less time.

Manage all kinds of programs, from federal, state, and institutional aid to private fund sources.

  • Automate financial aid processes, such as cost of attendance, packaging, and verification.
  • Package and repackage financial aid using unique institutional configurations.
  • Assign action items to verify ISIR-related data and change a student’s verification status.
  • Manage Work-Study pay, hours, and identify unhired Work-Study recipients.

 

 

Give students the aid they need.

Workday Student Financial Aid accommodates all kinds of awards, including need-based, merit, and Work-Study.

  • Use a student's ISIR to determine eligibility for need-based financial support.
  • Calculate merit aid or graduate student support using admissions profile and financial aid data.
  • Send automated notifications, alerts, and reminders.
  • Allow third parties to view financial aid, make a payment, and see account activities.

 

Automate changes and react fast.

Spend more time on student success and less on managing changes in student data.  

  • Configure rules to automatically respond when a student’s data changes.
  • Choose when and how to respond to changes in student data. 
  • Set rules to react when citizenship, awards, program of study, registration, and residency change.