REDWOOD SHORES, Calif., Oct. 27,
2020 /PRNewswire/ -- EDUCAUSE – Colleges and universities
across the U.S. are adopting Oracle Student Financial
Planning to ease the financial aid process for students. Part
of Oracle Student Cloud, the solution enables universities to give
students better control of their educational pursuits by helping
them make more informed financial decisions for borrowing.
American University of Antigua College of Medicine, Florida Agricultural and Mechanical University, and
Lorain County Community College all
adopted Oracle Student Financial Planning to help students navigate
one of the most worrisome aspects of higher education – getting
financial aid. With the solution, these institutions can provide
students the financial information and tools needed to achieve
their academic goals, whether they are attending classes remotely
or on-campus.
"The financial aid process is often the proverbial front door
for higher education and a positive experience has a critical
impact on accessibility and affordability for students," said
Vivian Wong, group vice president,
higher education development, Oracle. "It is a top priority at
Oracle to help students achieve their academic ambitions. Working
alongside higher education institutions, Oracle Student Financial
Planning is transforming the financial aid experience, helping
students make informed decisions for their future."
American University of
Antigua College of
Medicine
American University of
Antigua College of
Medicine (AUA), located on the island of Antigua in the Caribbean, is an innovative medical school
founded with a mission to serve underrepresented students, and make
a high-quality medical education affordable and accessible to those
who may otherwise believe it is outside of their reach. Over
the years, AUA has helped more than 3,000 aspiring students to work
towards a Doctor of Medicine degree and become
physicians.
By bringing their financial aid processing in-house, AUA knew it
would be able to streamline and manage its engagement with
prospective and enrolled students. The university had a very tight
window to launch a new solution before the start of the Fall 2020
semester.
After a competitive review, AUA selected Oracle Student
Financial Planning due to its unmatched automation capabilities and
ability to boost efficiency and savings for both the university and
its students. With Oracle and Highstreet, a premier Oracle
implementation partner, and AUA's leadership, the solution was
up-and-running in just four short weeks.
Oracle Student Financial Planning gives AUA the capability to
easily process applications, package student aid, originate and
disburse loans and all other required financial aid requirements.
While students enjoy the intuitive, guided and timely financial aid
process, AUA's staff can refocus their energy on helping its
diverse community of learners.
Florida A&M University
Founded in 1887,
Florida A&M University (FAMU) is
one of the nation's leading historically Black universities. It is
home to nearly 10,000 students, each with unique backgrounds,
experiences and needs – especially when it comes to finances.
The FAMU staff works tirelessly to help students access
financial aid, but its existing, manual solution slowed the
process. To modernize the experience for students and staff, FAMU
plans to go-live with Oracle Student Financial Planning in the
coming months and is also upgrading to the latest version of
PeopleSoft Campus Solutions 9.2. Once the solution is live,
students will easily access timely, individualized and intuitive
financial aid options and tailor their academic plans
accordingly.
"When students have a complete picture of their academic and
financial plans, they can see – and follow – a clear path to
graduation," said William E. Hudson
Jr., Ph.D., vice president of Student Affairs, FAMU. "Oracle
Student Financial Planning helps us make financial information
accessible and intuitive, which ultimately helps our students
achieve their academic ambitions."
Lorain County Community
College
Lorain County Community
College (LCCC), in Elyria,
Ohio, is always anticipating – and adapting to – the needs
of its nearly 13,000 students. The college was recently awarded the
Leah Meyer Austin Award, a national prize reserved for Achieving
the Dream network colleges that show greatest, sustained
improvements in student success.
One key pillar of that success is that the college can help
student's alleviate financial pressures. To improve its financial
aid process, LCCC plans to go-live with Oracle Student Financial
Planning later this academic year. The solution will be integrated
with PeopleSoft Campus Solutions 9.0, equipping the college with
the deepest and broadest set of capabilities to support the student
lifecycle, from recruitment, to financial aid, to graduation.
With LCCC's strong technology foundation, implemented by Oracle
Applications Consulting – Oracle Fusion Cloud Customer Experience
(CX), Oracle Fusion Cloud Enterprise Resource Planning (ERP),
Oracle Fusion Cloud Enterprise Performance Management (EPM) and
Oracle Fusion Cloud Human Capital Management (HCM) – paired with
the benefits of Oracle Student Financial Planning, LCCC can focus
more of its time on fostering the success of its student body.
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus
Highly-Automated and Secure Generation 2 Infrastructure featuring
the Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
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SOURCE Oracle