Applying for financial aid can be intimidating to say the least. The process may seem even more overwhelming to prospective students in these uncertain times, preventing them from taking the first step. Recognizing this challenge, institutions like Butler University are getting creative.
A private university in Indianapolis, Butler aims to foster a stimulating intellectual community built upon interactive dialogue and inquiry among students, faculty and staff. The university is constantly looking for more innovative ways to guide students throughout their academic careers and understands making sound financial decisions is a big part of that equation.
To address the growing student debt crisis in order to make learning more accessible to everyone, Butler deployed Oracle Student Financial Planning. Part of the Oracle Student Cloud, the solution provides real-time synchronization with government systems and automated processes, enabling financial aid officers and administrators to more effectively and efficiently advise students on their financial aid choices. The high level of automation in Oracle Student Financial Planning means Butler can spend less time managing manual processes and more time working directly with students to help them achieve their goals.
Oracle Student Financial Planning supports both traditional and non-traditional academic models, providing institutions with the flexibility to embrace new programs and adapt to changing times. This includes comprehensive funds management capabilities that allow institutions to be more flexible with how they’re allocating financial resources.
By providing a central souce of data from multiple applications and matching public and private funding sources and criteria in real time to financing requirements, students have the opportunity to take on less debt. To date, Oracle Student Financial Planning has processed $2.9 billion in financial aid and generated 15 million automated aid packages.
“With the unique challenges facing higher education students, faculty and administrators, Oracle strives to provide the solutions higher education institutions need to best advise students on financial aid,” said Keith Rajecki, Vice President, Public Sector, Education & Research, Industry Strategy Group, Oracle. “We are happy to work alongside Butler University as they strive toward more affordable, attainable education for all students.”