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Financial Aid Services (FAS), an Atlanta-based Consulting firm, providing public and private (nonprofit) colleges and universities with Consulting, Interim Staffing, Processing and Assessment Services in the areas of financial aid and student business services, is pleased to announce the receipt of an investment from Millpond Equity Partners (“Millpond”), a private equity firm headquartered in Boca Raton.

“FAS was founded 30 years ago to provide colleges and universities with the resources to meet their enrollment, compliance, revenue, and student service goals. By affiliating with Millpond, we are positioned to continue our mission and serve the higher education community on an even broader scale” said David Gray, FAS President. “This investment will enhance our ability to deliver unparalleled high quality services to the institutions we serve. Millpond will be a great partner as we look for strategic and innovative ways to expand our reach and help more clients succeed.”

“The team at FAS has built a high quality organization with a tremendous history of serving their clients and we look forward to supporting the Company in its next phase of growth”, commented Millpond Equity Partner Larry Shagrin. “Millpond has a long history in the higher education sector and recognized the Company’s impressive combination of deep subject matter expertise and unparalleled client service.” added Mr. Shagrin.

About Financial Aid Services
Financial Aid Services (FAS) has served higher education for over 30 years. Located in Atlanta, Georgia we provide consulting, staffing, processing, and assessment services to assist institutions with improving operational efficiency, student satisfaction, and regulatory compliance in financial aid and student business services. FAS’ accomplished team averages 28 years of experience and has a combined 1,600 years of higher education. With clients in 49 states, FAS has successfully completed over 2,300 engagements nationwide. Our consultants bring unparalleled expertise in the management of financial aid and student business services. Visit for more information.

About Millpond Equity Partners
Millpond Equity Partners is a private equity firm focused on investing in lower middle market, growth-oriented education & training and business services companies. Headquartered in Boca Raton, Florida, the Millpond leadership team has more than 60 years of combined private equity and operating experience, deep industry expertise, and a long track record of growing businesses and creating value alongside management teams. Millpond combines a partnership approach with extensive hands-on operational and investment management experience. Its experienced investment professionals work hand-in-hand with leaders of healthy and growing businesses, providing strategic guidance, resources, and support while assisting those companies through their next phase of growth. For more information, please visit

For Millpond Equity Partners:
Larry Shagrin, (561) 322-2080
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For Financial Aid Services:
David Gray, (770) 988-9447
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After working with FAS, we went from being a rudderless ship to one with extremely competent management, cutting edge technology and professional operating standards."

- Dr. Jon Larson | President | Ocean County College