No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

FINANCIER™ Functionality

Select one or more of the categories below to review system features.

With FINANCIER™ you can:

Maintain compliance with federal regulations with minimal disruption for your financial aid office.
Integrate seamlessly with other administrative systems, such as Admissions, Student Records and Registration, Student Accounts Receivable, Student Loan, Housing, Development, Payroll and Personnel, and Financial Accounting.
Use security to control access at the system, screen, file or field value level.
Perform multi-year and multi-campus processing.

FINANCIER™ allows you to:

Accept electronic records from the Central Processor and other outside sources, or add applicant data online.
Collect and store information from university applications, as well as state-specific or university-specific information collected by other processors.
Participate in all phases of EDE and the CSS/Financial Aid PROFILE service.
Overlay federal data with PROFILE data or vice versa.
Review newly imported applicant records online before they are loaded.
Compare a student’s current and new incoming data side by side online.
Add or correct key fields on rejected applicant records online.

With FINANCIER™ you can:

Automatically assign required documents based on student attributes or on awarding from a particular fund.
Calculate the status of an individual student’s application online or do a global calculation.
Override assigned requirements for a student.
Assign new requirements on the fly.
Generate initial and follow-up requests for required documents. Make requests globally, by student attributes, or for individual students.
Override standard notification settings for individual students.

FINANCIER™ makes it easy to:

Create an unlimited number of values of eight budget components, based on student attributes.
Automatically calculate initial student budgets online or in batch.
Modify individual budgets online, with automatic recalculation of need.
Perform mass budget recalculation.
Split budget components unevenly across terms, if necessary.
“Lock” non-standard budgets to prevent automatic recalculations.

With FINANCIER™ you can:

Use Federal and Institutional Methodologies.
Calculate EFC automatically online and in batch.
Perform unlimited calculation simulations without updating the applicant’s record.
Automatically recalculate need whenever EFC or Cost of Attendance changes.
Automatically generate ISIR corrections when changes are made to federal data.
“Lock” applicant records to prevent further updates.

FINANCIER™ allows you to:

Tailor the level of verification to your needs–just the federally mandated fields, or additional levels of detail.
Verify data both online and in batch.
Define acceptable tolerances for verification fields.
Compare a student’s applicant and verification data side by side online.
Overlay federal data with verification data.
Automatically generate ISIR corrections resulting from verification overlay.

With FINANCIER™ you can:

Package awards based on student characteristics and user-defined criteria.
Define unlimited numbers of packaging formulas.
Create and update awards online.
Automatically distribute awards across terms and disbursement points. Automatically redistribute if changes are made.
Produce custom-designed letters to inform students of their eligibility.
Track a student’s packaging status online.
“Lock” an entire fund or a single student record to prevent further repackaging.

FINANCIER™ makes it easy to:

Define attributes, awarding criteria, packaging restrictions and disbursement requirements for individual funds.
Set minimum/maximum award amounts and annual/lifetime program maximums.
“Freeze” offers or disbursements.
Automatically replace funds.
Review dynamically updated fund utilization figures, including unduplicated headcounts, online.
Review dynamically updated fund recipient rosters online.
“Roll up” related funds with different requirements to a master fund for reporting.
Analyze fund usage over multiple fiscal years online.

With FINANCIER™ you can:

Post payment transactions to student accounts both online and in batch.
Calculate a student’s disbursement status online.
Produce custom-designed notifications regarding disbursement requirements.
Automatically verify that all requirements are satisfied before disbursement.
Define individual funds as disbursable or not.
Post adjusting entries after initial term disbursements.
Dynamically update fund management and student award information at disbursement.
Automatically generate electronic Pell Grant payment records from disbursement activity.
Participate in electronic funds transfer.

FINANCIER™ allows you to:

Review a student’s loan history (including Perkins, FFELP, Direct, Health Profession, institutional, and other loans) by aid year online.
Package loans online or through the automated packaging process.
Automatically distribute loans across terms for recording as awards.
Track loan entrance/exit interviews and promissory note signatures as disbursement requirements.

Create and maintain multiple loan applications online or through the packaging process for subsidized/unsubsidized Stafford loans, for PLUS loans, and for alternative loan programs handled by Stafford loan processors.
Automatically calculate loan origination fees and adjust Cost of Attendance accordingly.
Certify loans online or through a batch review process.
Export FFELP loan applications and corrections to the loan servicers or guarantor.
Import application and correction acknowledgments from the servicers or guarantor.
Import disbursements from servicer-provided or guarantor-provided EFT file.
Track receipt of paper loan checks online.
If appropriate, disburse loans directly to student accounts.

Create and maintain multiple loan origination records online or through the packaging process for subsidized/unsubsidized direct loans, and for PLUS loans.
Automatically calculate loan origination fees and adjust Cost of Attendance accordingly.
Certify loans online or through a batch review process.
Generate, track and manifest Direct loan promissory notes online.
Export Direct Loan originations, promissory note manifests, corrections, and
disbursements to the servicer.
Import origination, promissory note, correction and disbursement acknowledgments and reconciliation codes from the servicer.
Disburse loans directly to student accounts and reconcile funds.

With FINANCIER™ you can:

Use the dynamically updated Event History to review all events in a student’s financial aid process, from receipt of application through disbursements.
Review all activity related to aid eligibility with the Student Audit.
Review all activity on an award with the Award Audit.
Create and update free-form notes regarding specific students, loans, funds and other types of records using the system-wide Notepad.

For more information, please contact our Sales and Marketing department at sales@wolffpack.com or 1-888-WOLFFPACK.