Financial Aid as a Service (FAaaS):
The Future of Financial Aid is Here

Financial Aid can no longer be considered a back-office function. Instead, it must be a strategic driver of enrollment growth, financial health, and institutional resilience.

FAaaS is the first and only fully outsourced managed solution for financial aid operations.

FAaaS transforms how institutions manage, deliver, and leverage financial aid, replacing fragmented processes and staff turnover with a proven, high-performing model delivered by FAS, the industry leader for 35 years.

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Fueling Enrollment Growth Through Financial Aid Strategy

The enrollment cliff is here. Student expectations are increasing. Budget pressures are intensifying. Compliance is complicated. Staffing vacancies persist.

Campuses need a better model. FAaaS is that better model.

Better Enrollment Model
Generate higher enrollment and ROI from the advantage you create across recruitment and retention.
Better Operating Model
Control your operating costs. Gain operational efficiencies. Focus on your core and free up your staff to do what they do best.
Better Student Experience
When your operations run faster and smoother, students are better served. Your student experience is directly correlated to recruitment and retention.
Better Peace of Mind
Rest assured your aid is administered in full compliance.

Director of Financial Aid: Operations Leader

An experienced AVP/Director level expert to lead your financial aid strategy and operations.

Compliance

FAaaS supports your Title IV compliance so you can rest assured your aid is
administered in full compliance.

Technology Optimization

We optimize your Financial Aid Module and support your ongoing SIS technology needs for new award year setups, packaging rules, reporting, and processing efficiencies.

Processing & Financial Aid Eligibility

From the ISIR until the last dollar is disbursed, we manage the process and keep you updated every step of the way.

Awarding and Packaging

We configure your packaging philosophy and leveraging strategy inside your SIS.

Student Communications

Your financial aid offer is the most important marketing communication you ever send. Surprisingly, 91% of campuses don’t not follow best practices in this area. FAaaS converts your financial aid communications from transactional messages to communications that reinforce your value proposition, affordability, and student outcomes.

Reporting & Disclosures

From your FISAP to Reconciliation to Gainful Employment / Financial Value Transparency, FAaaS supports your Title IV reporting and disclosure responsibilities.

Dashboards & KPI’s

We help you establish the right KPI’s, provide ongoing tracking of those key metrics with YOY comparisons so you can measure the ROI.

Customer Service

Enhance the student experience by supporting students and families through in-person, remote and tech-enabled customer service models.

Strategic Partner

Your goals are our goals. With a strong student-centric focus and cross-campus collaboration, FAaaS allows you to leverage financial aid as a strategic growth lever across recruitment and retention to support your institutional goals and student success.

hobart-william smith-college-fas-case-study

The Value and ROI to Your Campus 

If your financial aid operation is under-resourced, overwhelmed, or underperforming, you are not alone. More than 50% of institutions are operating at 75% or less capacity.

Think of FAaaS as your financial aid operation rebuilt for speed, strategy, and enrollment growth.

Just a 1% – 2% lift in admit yield or retention rates will generate significant increases in net tuition revenue. FAaaS combines best-in-class people, processes and technology systems to deliver measurable ROI and student success.

FAS is trusted by over 1,800 colleges and universities and is fortified with over 1,600 years of combined experience.

Let’s Look At Your Future, Together

An expert is ready to discuss all your institution can achieve through financial aid and student business services.

Contact Us

Financial Aid as a Service (FAaaS):
The Future of Financial Aid is Here

Fueling Enrollment Growth Through Financial Aid Strategy

The Value and ROI to Your Campus

Let’s Look At Your Future, Together

Why FAS?