MIT Removes a Pain Point for Financial Aid Students and Staff

Published in IS&T News on October 25, 2012

Financial Aid Letter

Applying for and understanding financial aid at MIT got much easier for incoming freshmen in 2012 with the implementation of online document tracking and financial aid award letters.

The process of distributing financial aid award letters was completely paper-based and manual before March 2012. Also, if a student's award changed or if there was missing information (which happens a lot), a second letter with the changes would be generated and mailed. This was not only frustrating for students but also time consuming for staff in Student Financial Services (SFS).

The new online application uses the existing PowerFAIDS system. This powerful, flexible, and easy-to-use program is used to help manage our financial aid data and to facilitate the generation of financial aid award letters, which are then uploaded and connected to the student's MyMIT page in the Admissions portal. Digitizing this process has benefited both students and the staff involved in the financial aid process...

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