RESTON, Va. -- The College Board announced today that Mitchell College of New London, Conn. has licensed PowerFAIDS, the comprehensive financial aid system used by more than 550 institutions.
PowerFAIDS, first developed by the College Board in 1996, automates the financial aid process for colleges and universities. It manages record creation, electronic communications, student eligibility determination, federal grant management, packaging, loan origination, reporting and research. PowerFAIDS version 15.0 was released in November 2009.
"As we implement PowerFAIDS, we realize how much more efficiently our work can be done in the financial aid office," said Jacklyn Stoltz, director of financial aid at Mitchell College in New London, Connecticut. "PowerFAIDS has allowed us to streamline the management of our data and processes which, in turn, allows us to better serve our students' and parents' needs."
About Mitchell College
Mitchell College is a private coeducational independent college offering bachelor and associate degrees in 20 programs of study, as well as the Thames Academy post-graduate program. The College is dedicated to providing a challenging education in a caring and cooperative student-centered environment. In addition, Mitchell College has transitioned to a four-year athletics program competing athletically with 13 varsity intercollegiate teams as a member of NCAA Division III. Located on a 68-acre waterfront campus, Mitchell's 961 students come from 30 states and six foreign countries. For more information about Mitchell College, please visit www.mitchell.edu.
The College Board
The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT®, the PSAT/NMSQT® and the Advanced Placement Program® (AP®). The College Board is committed to the principles of excellence and equity, and that commitment is embodied in all of its programs, services, activities and concerns. Visit www.collegeboard.com for more information.
Posted 02/03/10 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
