AlaQuest International - Financial AidAlaQuest International - Financial Aid
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Key Benefits
  • Significant savings and control through the internal processing of financial aid records.
  • Provides timely exception information for corrective action.
  • Increase cash flow through quicker payment of funds for students' educational expenses.
  • Improve turn-around time in the disbursement of funds.
  • Significant savings in labor hours necessary to process students cleared for payment.
  • Identifies overdue checks from lenders within 1-day late.
  • User friendly software package requires minimal computer expertise to operate.
Key Features
  • The school has the flexibility to establish a wide variety of packaging parameters for all financial aid programs including institutional scholarships.
  • The system offers a packaging program that can draw on default set-ups to greatly speed up the entry of financial aid awards and disbursements.
  • Facilitate data processing between each department within your organization. Academic information is available to the Financial Aid, and Financial Aid information is passed to the Accounting Module.
  • A Financial Aid package can be entered in just minutes. When a package is completed, the information is immediately available for projected cash flow purposes.
  • Disbursement authorization is controlled through user-defined parameters.
  • Designed to allow your organization the ability to bring in-house as much of the financial aid processing as the organization requires. The system can print student award letters, and provide much of the data necessary for completion of federal and other fund reports.
  • e-Mail option available for disbursement receipts.
  • EDExpress Interface provides for easy integration of transactions provided by Federal Student Aid (FSA) that enables schools to process, package and manage student financial aid records electronically. (EDExpress is a separate package that must be acquired from the FSA).
Key Reports
  • Award Letters
  • Disbursement Release Report and Problem Log
  • Financial Aid Payments/Refund Journal
  • Outstanding Loan Checks
  • Unapplied Funds
  • Refunds Verification Outstanding Documents
  • Recipients by Award Year
Financial Aid Servicers Supported
  • EMS
  • FAS
  • FAME
  • TAP