PowerFAIDS is cloud software for institutional financial-aid offices, automating work from student records and need analysis to award packaging and federal aid processing. Staff can maintain records through CSV files or APIs, generate logged emails and letters to students and parents, and build custom reports. The system supports FISAP, IPEDS, and Common Data Set reporting, and calculates need using Federal Methodology and College Board Institutional Methodology. Staff can package awards individually or in batches, simulate outcomes, and adjust parameters. PowerFAIDS automates 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, connects to IDOC, and lets offices create and track financial-aid funds. Students can use the Net Partner web portal to access and manage their aid information. Data exchange options include CSV, automated file exchange, REST API, and custom report extracts. Setup takes approximately 12 weeks; implementation and unlimited training and support are included at no additional cost. Pricing is on request.
Who it is for
PowerFAIDS suits institutional aid offices at community colleges, public four-year schools, professional schools, and institutions with nontraditional programs. It also serves one-person financial-aid offices.
What is good
- Automates Pell and TEACH Grant processing.
- Supports batch and individual award packaging.
- Students can manage aid through Net Partner.
- Unlimited training and support cost no extra.
- Implementation is included at no additional cost.
What to know first
- Pricing is available on request.
- Implementation takes approximately 12 weeks.
Verdict
PowerFAIDS covers financial-aid operations from need calculations and packaging through reporting and federal aid processing. Institutions should request pricing and account for the approximately 12-week setup.
Get started with PowerFAIDS
- Visit the PowerFAIDS website.
- Schedule a consultation to discuss pricing.
- Use the included implementation led by an onboarding specialist; setup takes approximately 12 weeks.
- Access the system on the web or through its API.
- Use the included training and support resources to get started.
Questions about PowerFAIDS
How much does PowerFAIDS cost?
Pricing is on request. Prospective customers are directed to schedule a consultation.
What platforms does PowerFAIDS support?
PowerFAIDS is available through the web and an API. It is deployed in the cloud.
Does it include student access?
Yes. Net Partner is a web portal where students can securely access and manage financial-aid information online.
What aid processing does it support?
It automates Pell and TEACH Grant processing, including Return to Title IV, and supports the federal loan lifecycle. It also performs Federal Methodology and College Board Institutional Methodology calculations.
What implementation and support are included?
Implementation is included at no additional cost and takes approximately 12 weeks. Training and support are unlimited and provided at no additional cost.
Who makes PowerFAIDS?
College Board makes PowerFAIDS. College Board describes itself as a not-for-profit membership organization founded in 1900.
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
