FINANCIAL AID SOFTWARE
Complex financial aid, managed simply.
Everyone could use a little less stress when it comes to financial aid—and that includes institutions. Start reimagining financial aid management with Workday.
WHAT YOU CAN DO
Leave financial aid headaches behind.
Get the flexibility and control you need to simplify the financial aid process from beginning to end. With Workday, it’s easy to fit aid requirements to your institution and automate manual processes so you can get back to supporting students.
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ISIR processing and verification
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Cost of attendance assignment
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Need- and merit-based packaging
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Private scholarship automation
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Powerful calculation engine
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Proactive notifications and alerts
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Real-time refresh on accounts
A smarter way to manage financial aid.
Easily determine eligibility.
Automate ISIR load and assign action items for students to complete. Then use our built-in EFC calculator to change data and view results on eligibility right away.
Automatically update aid.
Anytime student information changes, such as registration or residency status, Workday instantly recalculates attendance costs and aid packages for you.
Always stay compliant.
Stay on top of regulatory changes in ISIR records, Pell Tables, and more. We continuously deliver compliance updates, making it easy to manage regulations.
Grant awards with confidence.
Define awards based on your institution’s rules and application attributes. Our powerful calculation engine lets you determine the right award amounts.
Financial aid with serious flex.
Academic periods and courses don’t always follow “standard” formats. We get it. Our built-in automation helps you process financial aid whenever you need to, however you need to.
Account for courses that don’t fit into the typical semester.
Calculate the weeks of instruction based on start and end dates.
Automatically detect enrollment changes and recalculate aid.
Guidance at every step.
Our external site helps students complete requirements and upload forms. When it’s time for next steps, students can view awards and pay tuition in Workday. It’s that easy.
The one-stop shop for work-study.
Students can accept federal work-study awards, search for jobs, and apply. Add Workday Human Capital Management and Workday Payroll to make it easier to track hours, monitor limits, and get paid.
Move higher education forever forward.