FAS Launches Higher Ed’s First Fully Managed Solution for Financial Aid Operations to Fuel Enrollment Growth While Tackling Compliance and Staffing Vacancies
Financial Aid Services, LLC (FAS), higher education’s leading provider of strategic consulting and outsourced financial aid services announced a first-of-its kind solution, Financial Aid as a Service or FAaaS, ensuring financial aid operations can fuel enrollment growth, manage compliance, and operate at scale despite widespread staffing vacancies and mounting complexity.
“FAaaS is the first and only fully outsourced managed solution for colleges and universities. It is a category-defining solution”, said Robert Heil, CEO of FAS. “Think of FAaaS as your financial aid operation rebuilt for speed, strategy and enrollment growth”, added Heil. We’re combining the strategic imperative of enrollment growth with the operational complexity of financial aid and delivering both as a service.”
The new service comes at a pivotal time for higher education. With declining enrollment trends across many campuses, unprecedented regulatory scrutiny, and major staffing vacancies, institutions are increasingly looking for scalable solutions that go beyond traditional consulting and short-term staffing. FAaaS marks the arrival of a new category: fully managed financial aid operations. In early client deployments, institutions are utilizing FAaaS to reduce awarding delays and increase admit yield and retention rates to generate significant gains in enrollment and net tuition revenue.
“This is real operational transformation”, said Maureen Anderson, VP of Consulting and Compliance. “Campuses need a better model, and FAaaS is that better model by transforming how institutions manage, deliver and leverage financial aid replacing fragmented processes and staff vacancies with a proven high-performing model.”
As colleges and universities redefine their operating models in this rapidly changing landscape, FAaaS offers a better path forward. By aligning best-in-class people, processes, and technology systems, FAS helps clients unlock enrollment growth, reduce risk, and improve the student experience while futureproofing one of the most critical levers of enrollment management.
Press inquiries or to request an interview:
Contact Melissa King at mking@financialaidservices.org
To learn more visit: https://www.financialaidservices.org/financial-aid-as-a-service/
About FAS
Financial Aid Services, LLC (FAS) is the nation’s leading provider of strategic consulting and outsourced managed solutions for financial aid operations in higher education. With a 35-year track record of success, FAS partners with colleges and universities to strengthen financial operations, optimize the student experience, and drive enrollment outcomes. Our team of expert consultants deliver solutions across interim staffing, consulting, technology optimization, and outsourced managed services. FAS proudly serves over 1,800 colleges and universities and is fortified with over 1,600 years of combined experience empowering institutions to navigate complexity in an era of unprecedented change.
