PowerFAIDS is a cloud platform that automates financial-aid work for institutional offices. Staff can maintain student records with CSV files or APIs, calculate need using Federal Methodology and College Board Institutional Methodology, and package awards individually or in batches. They can simulate outcomes and adjust packaging parameters, create custom reports, and prepare FISAP, IPEDS, and Common Data Set survey reporting. The system handles Pell and TEACH Grant processing, including Return to Title IV, and supports the federal loan lifecycle. It also supports CSS Profile and Institutional Methodology processing and connects to College Board’s IDOC service. Data can move through CSV import, automated file exchange, REST API, or custom report extracts. Staff can generate emails and letters to students and parents and log those communications. Students can use the Net Partner web portal to view and manage aid information. PowerFAIDS supports creating and tracking financial-aid funds. The maker describes AWS hosting with industry-standard security, automatic updates, and maintenance. Implementation takes approximately 12 weeks and is included at no additional cost; training and support are also included. Pricing is on request.
Who it is for
PowerFAIDS suits financial-aid offices at community colleges, public four-year schools, professional schools, and institutions with nontraditional programs. Its supported workflows also include one-person financial-aid offices.
What is good
- Packages awards individually or in batches.
- Automates Pell, TEACH Grant, and federal loan workflows.
- Supports CSV, automated exchange, REST API, and report extracts.
- Students can access aid details through Net Partner.
- Implementation and unlimited training and support are included.
What to know first
- Pricing is available on request.
- Implementation takes approximately 12 weeks.
Verdict
PowerFAIDS brings aid packaging, federal processing, reporting, communications, and student access together for institutional offices. Prospective customers need to request pricing, and setup takes approximately 12 weeks.
PowerFAIDS plans and pricing
All plansCompared on financial aid management software
- Deployment
- cloud
- Aid program coverage
- both
- Document collection
- Yes
- Award letter delivery
- Yes
- Compliance reporting
- Yes
- API access
- Yes
- Packaging workflows
- Yes
