Banner Financial Aid by Ellucian Roadmap LASFAA Conference October 24, 2013 Serena Hyche Consultant
Roadmap Goals
1. Improve ability to manage financial aid for both traditional and non-traditional students.
2. Timely compliance with US Regulatory requirements.
3. Embrace technical currency as an ongoing requirement.
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Market Drivers that shape the roadmap
College affordability Pace of regulatory
requirements from the US Department of Education
Student success Flexible enrollment patterns
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Qua
lity
2013 2014 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
,
Banner Financial Aid Roadmap
Feat
ures
i1
8n
Pre
view
/The
me
Tech
nolo
gy
AP
Is
80% 65% 50% Exploring
- Targeted or Critical Defects
- RPE’s related to BBAY
Features
- Regulatory - BBAY - Period Based Processing
Quality
Information presented here is subject to change at any time at the sole discretion of Ellucian and should not be relied upon in making any purchase decision
COD 2013 Regs
Summer 2013 Regs, Direct Loan Reconciliation, FISAP
Early Decision
Winter 1314 Regs
Period Based Awards (BBAY Phase 6a)
COD 2014 Regs
Final phase of (BBAY Phase 7)
Summer 2014 Regs, DL Reconciliation & FISAP
Early Decision
Banner New UI Planning AIX 7.1 Oracle 12g support
Quality Enhancements (targeted RPE/Defect Resolution)
Quality Enhancements (targeted RPE/Defect Resolution)
Targeted API’s
Technology - AIX 7.1 - Oracle 12g
APIs - Targeted API’s through
BBAY - Prep for Banner New UI
Streamline Loans (BBAY Phase 6b)
Winter 1415 Regs
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Delivered
Shopping Sheet & Regs
Java 7
Banner Financial Aid Roadmap Highlights Highlight Value
Borrower Based Award Year (BBAY)
§ Provides ability for institutions to process aid based on BBAY
§ Period based processing of tracking, budgeting and awarding provides foundation for BBAY
Regulatory Updates § Timely release of software ensures compliance of US
federal regulations § Ensures no interruption in institutions ability to maintain
federal aid income
Technical Currency
§ Ensures all constituents are able to access information through the browser of their choice
§ Ensures the institution stays current on updated versions of key technology components across the Banner XE solution
APIs
§ Provide for targeted APIs as we develop additional functionality
§ Allows for consolidation and consistency of code and a lower Total Cost of Ownership
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Feature Details Banner Financial Aid
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Regulatory Updates
Feature Description COD Winter Summer Early Decision FISAP and DL reconciliation for reporting New regulations as released by the US Department of Education
Customer Value • Enable compliance with federal requirements in order to maintain ability to offer federal financial aid. • Timely release ensures financial aid can be used as a competitive tool for recruiting and retaining students
Feat
ures
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October 25, 2013
Release Information
§ Loan Period & Academic Year Enhancements and TEACH Reduction (8.17.2) – 7/31/13 § FISAP (8.17.2.1) – 8/7/13 § Algorithmic Batch Posting (8.18) - 9/4/13 § Period Based Awarding (8.18.1) – 10/1/13 § FM URL change by 10/13/13 § Early Decision (8.18.2) – will include 160+columns changing for CSS profile; INAS
anticipated release date 10/30/13 § Recruiter Integration (8.18.3) - anticipated release date early December § Winter Regs (8.19) – will include ede dataload/fm calc anticipated release date January
2014
Innovation Webinars on the Commons
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Awarding and Disbursement by Period
Feature Description • Ability to award on a period basis (e.g. Award Summer independently from Fall/Spring, Cancel awards on period basis, Batch posting by period, etc)
Delivered in 8.18.1 on 10/1/13
Self Service
Customer Value Second to last phase of period based functionality.
Feat
ures
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Borrower Based Award Year (BBAY)
Feature Description BBAY and Period based processing
Customer Value Final phase of period based functionality
Feat
ures
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Anticipated Delivery Aid Year 2015-2016
Questions and Answers
© 2013 Ellucian. All Rights Reserved - Confidential & Proprietary October 25, 2013