Features & Benefits

Payment Planner makes financial aid management fast, easy and economical through paperless, around-the-clock service and communication.  It allows financial aid administrators to:

  • Reach out to all who have applied for aid,       
  • Offer awards to those who have been determined to have need,  and     
  • Provide alternative financing options for others,

All without one phone call, mailing, or fax.

At a Glance

Feature Video Benefit

Award Notice

  
  • Online, individualized award letters.
  • Clickable explanations of all financial aid terms.
  • Quickly and easily accept or decline offered financial aid.
  • Awards are delivered electronically in real-time.
  • Reports provide up-to-the-minute status of all award letters.

Planning Worksheet

  
  • Interactive worksheet helps students and their parents determine unmet need.
  • Students can proactively plan how to fund their education.
  • Encourages use of students’ own resources before alternative loans.
  • All communication is effective and secure.

Financing Options

  
  • Budgeting tools help students and their parents devise a plan to fulfill unmet need.
  • Detailed explanations and clickable links ensure that students and their parents fully understand their options.
  • Side-by-side comparisons of all financial options, including estimated monthly payments, allow students to make the best possible choices.

Task List

  
  • Present students with a personalized list of required loan and award fulfillment tasks and steps, along with their statuses.
  • Students are empowered to initiate self-service actions to accept awards.
  • Students can complete critical follow-on tasks such as loan application and loan certification.
  • This module facilitates links to existing loan fulfillment systems like ELM.

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