UT Austin streamlines financial aid process for students
The University of Texas at Austin makes it easier for students to apply for and obtain financial aid. The institution has moved from internal financial support to Oracle Student Financial Planning solution, part of the Oracle Student Cloudto automate financial aid activities and provide a better experience for students and administrators, according to a news announcement.
Oracle Student Financial Planning provides financial aid seekers with step-by-step guidance and provides a personalized view of funding options to help students get the financial aid that’s right for them. The technology automates 90% of the financial aid process, from determining eligibility, packaging and awarding aid to disbursements and reporting, the company said. It also provides administrators with real-time eligibility information to help guide students and provide personalized support.
“As an institution founded to advance the public good, UT Austin is deeply committed to making higher education accessible to all graduate students, regardless of financial means to support social mobility,” said Brian Dixon, vice provost for enrollment management at UT Austin, in a statement. “Working alongside Oracle, we are committed to providing an exceptional financial aid experience for our students and prospects throughout their college journey.”
“Financial aid is an integral part of attracting and retaining students, and giving them the resources they need to achieve their personal, professional and academic goals,” commented Vivian Wong, group vice president for student development. higher education at Oracle. “UT Austin is dedicated to its primary purpose – transforming lives for the benefit of society – and Oracle Student Financial Planning will be a key asset in contributing to that goal.”