REDWOOD SHORES, Calif., April 10,
2019 /PRNewswire/ -- Student debt continues to be a
massive issue for American students who collectively owe an
estimated $1.5T in loans. Navigating
cost and financial aid is a crucial step in a complex process
toward student attainment of higher education. Butler University wants to increase student success
through a more efficient process and sound fiscal decisions.
Deploying Oracle Student Financial Planning, part of Oracle Student
Cloud, the university will be able to guide students towards more
responsible borrowing and course-planning that will keep them on
track towards their graduation goals.
Butler, a private university in
Indianapolis, integrates the
liberal arts with a professional education to provide the highest
quality education. It fosters a stimulating intellectual community
built upon interactive dialogue and inquiry among students, faculty
and staff.
With cloud technology providing real-time synchronization with
government systems and automated, student-centric processes, Oracle
Student Financial Planning will let Butler financial aid officers and administrators
spend more time advising students on financial aid choices and less
time packaging their aid. Direct integration with Oracle PeopleSoft
Campus Solutions will also enable the university to cut the costs
of ongoing financial aid compliance. To date, Oracle Student
Financial Planning has processed $2.9
billion in financial aid, representing 15 million automated
packages.
"Cost should not be the gating factor in individuals getting the
education they desire," said Pete
Williams, CIO at Butler
University. "With Oracle Student Cloud, we will have the
tools we need to improve student success by delivering a more
transparent and effective financial aid experience."
Oracle Student Financial Planning supports traditional and
non-traditional academic models and drives institutional
transparency, regulatory compliance, superior student visibility,
and control of education financing options. With it, institutions
can leverage advanced automated technologies to manage
comprehensive fund management, calculate and repackage student
financial aid based on pre-set triggers, optimize both private and
public funding sources based on student financing requirements,
reduce time and resources spent on supporting manual processes, and
reduce the complexity of annual audits and compliance risk.
"Financial aid has been a frustrating and confusing process for
many students, making it difficult to find options that best meets
their qualifications and needs," said Vivian Wong, GVP higher
education development, Oracle. "With Oracle Financial Planning, we
are enabling progressive universities such as Butler to match students with their best financial
options, giving them the resources they need to focus on reaching
their academic goals."
Additional Resources
- Oracle Cloud
- Oracle Higher Education
- Oracle Student Cloud
About Oracle
The Oracle Cloud offers a
complete suite of integrated applications for Sales,
Service, Marketing, Human Resources, Finance, Supply Chain and
Manufacturing, plus Highly Automated and Secure Generation 2
Infrastructure featuring the Oracle Autonomous Database. For
more information about Oracle (NYSE: ORCL), please visit us
at oracle.com.
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SOURCE Oracle