Frederick, Maryland (PRWEB) May 15, 2014
Regent Review allows Mohave’s Student Services staff to focus on advising, personal outreach and the increased “touch-time” that their student population demands. This is a win-win for students, staff and enrollment, allowing the community college to utilize resources more efficiently.
“Verification is one of the most costly tasks we perform in the administration of Title IV financial aid,” said Ana Masterson, Dean of Student Services for Mohave. “With Regent Review we will be able to streamline the process for students, reduce processing costs, and implement additional compliance controls.”
Regent Review fully automates the collection of verification documents, C-code processing, task assignments and workflows. Students and staff will experience real-time features, such as immediate acknowledgement of receipt of documents and updates on the progression of verification. This automation streamlines the entire administrative process for schools and students.
“Efficient management of the verification process has become increasingly challenging for institutions. By leveraging our existing technologies, we are able to automate a very costly and audit prone aspect of the administration of Title IV aid. Regent Review is helping schools control costs, maintain compliance and deliver exceptional service to their students,” says Randy Jones, CEO of Regent. “We are excited about Mohave Community College becoming a Regent customer, and look forward to a successful partnership.”
Verification is a leading cause of compliance audits and findings, representing a key risk to higher education institutions. Regent Review resolves these challenges by offering the industry’s most robust solution for verification processing. Key features that improve compliance include:
- Complete audit trail that includes all submitted documents, student communications, and processing history
- Leverages the proven and highly-advanced ISIR processing features of Regent 8
- Approved electronic signature capabilities
- Single sign-on options to prevent fraud
“With Regent Review we will have one system for processing, customer service inquiries and a single source for retaining information for compliance and auditing purposes,” said Shannon Sheaff, Director of Financial Aid for Mohave. “Regent Review pre-populates information for students to make the process simple, and prevents frustrating and time-consuming conflicting information errors. The increased regulatory compliance and the annual policy changes have made verification increasingly challenging. We wanted to be sure we had a process that ensures compliance while also driving our customer service initiatives.”
Founded in 2006, Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using non-traditional enrollment models. Today, Regent 8, the eighth version of Regent’s financial aid management system, is the only solution that provides end-to-end automation for non-term, nonstandard term, and standard academic years. Regent SNAP enables schools to provide estimated awards to prospective students in 15 minutes or less—a process that normally takes days or weeks. Regent Review is the industry’s only fully-automated verification solution.
Regent is a nationally recognized leader in results-driven enrollment optimization and financial aid management solutions—solutions that are web-based, easy-to-use and interoperate with any existing student information system. Regent offers software-as-a-solution (SaaS) tools that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.