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ApolloSRM Financial Aid vs Ellucian Banner Finance

Both stand on financial aid management software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

ApolloSRM Financial Aid

Paid APIWeb

ApolloSRM brings financial aid and compliance work into a broader student management system. Institutions should account for the fact that the software prepares federal files, but does not submit them.

Visit ApolloSRM Financial Aid

Ellucian Banner Finance

Paid AndroidiPhoneWeb

Consider Banner Finance if a higher education institution needs finance operations, grant accounting, and staff self-service in a cloud system. Buyers seeking a published price should look elsewhere or request a demo from Ellucian to discuss pricing.

Visit Ellucian Banner Finance

The facts

ApolloSRM Financial AidEllucian Banner Finance
Free planNoNot published
Open sourceNot publishedNot published
Runs onAPI, WebAndroid, iPhone, Web
Lowest paid planFree or on requestFree or on request
Plans published11
MakerNot publishedEllucian Banner Finance
Websiteapollosrm.comellucian.com
On financial aid management software#4 of 23#5 of 23

ApolloSRM Financial Aid: what it does well

  • Supports Title IV disbursements and hold-to-authorize controls.
  • Computes listed compliance measures from the student record.
  • Connects with several major learning platforms.
  • Provides open API backup export.
  • Migration is included in tailored pricing.

What to know first

  • There is no free plan.
  • Pricing is available only on request.
  • The institution must transmit prepared federal files itself.

Ellucian Banner Finance: what it does well

  • Covers core finance, procurement, grants, and endowment processes.
  • Research and Grants supports work from proposal through project close.
  • My Finance Query includes dashboards, saved queries, and query sharing.
  • Provides secure mobile access and self-service views.
  • Includes financial statement reporting for GASB and FASB.

What to know first

  • Pricing is available on request, so buyers must contact Ellucian.
  • Designed for higher education institutions and their financial processes.

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