Financial Aid

Financial aid management that benefits everyone.

Giving your students the help they need shouldn’t be hard. Workday has redesigned financial aid management to make navigating financial aid easier.

Filter dashboards to identify specific student populations and take action.

Continuously monitor at-risk indicators in unmet financial need reports.

Analyze financial aid awards by program of study.

Workday Student Financial Aid
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Manage more in less time.

Easily manage all kinds of programs, ranging 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.
  • Configure reaction rule-sets to automate how and when financial aid and charge assessment processes respond when a student’s data changes.

 

 

Flexibly package financial aid.

Provide your students with the right aid to meet their needs. Workday Student Financial Aid accommodates all kinds of packages, including need-based, merit, and graduate student support.

  • Use the student's ISIR to determine eligibility for need-based financial support.
  • Quickly calculate merit aid or graduate support programs using admissions profile and financial aid application data.
  • Keep students informed with automated notifications, alerts, and reminders.
  • Improve your financial aid programs and enrollment yields by using student recruiting and admissions data.

 

Streamline compliance.

Spend less time updating system requirements and more time on student success. With a cloud-based financial aid management system from Workday, you can automatically maintain regulatory updates related to ISIR files, Pell Grant tables, and Common Origination and Disbursement (COD) files.