Hobsons, Regent Education partner to streamline financial aid process for growing non-term populations

Wednesday, May 15, 2013

Hobsons announced a strategic partnership with Regent Education, the leading provider of Software as a Service (SaaS) financial aid management and enrollment optimization solutions for higher education. The partnership will combine the best of breed enrollment services offered by Hobsons with Regent's industry leading Student Needs Application Platform (SNAP) solution.

Regent SNAP is a web-based application that creates a real-time connection with prospective students, easing their way through the complicated, often confusing financial aid and application process. Hobsons' solutions enable institutions to reach their enrollment objectives through expansion in both online and non-traditional learning environments.

Today's prospective student faces multiple demands, such as family and work; expects instant access to information; and often bases matriculation decisions on financial parameters. With SNAP, prospective students can complete the entire aid application process in 15 minutes or less, and receive a digital award letter immediately.

Hobsons is helping institutions reach their enrollment objectives through expansion in both online and non-traditional learning environments. With instant access to information and the need to make quick and informed decisions, prospective students require increasingly personalized and effective communications. SNAP will augment Hobsons existing world-class offering, which combines a powerful mix of CRM technology and human interaction, by adding a real-time financial plan to allow prospective students to understand the true cost of his or her education, including an estimate of student loan payments upon graduation.

SNAP complements Hobsons' existing offering, which combines a powerful mix of CRM technology and human interaction, by adding a real-time financial plan to allow prospective students to understand the true cost of his or her education, including an estimate of student loan payments upon graduation. This partnership will enable prospective students to complete the financial aid process via the web and create a personalized plan.

"In order for schools to better manage online and non-traditional learning environments, they need to move away from the traditional Standard Academic Year (SAY) and embrace a more flexible learner-based model," says Maurice Shoe , President of Hobsons EMS. "Online and non-traditional students need the flexibility to learn at their own pace. As we partner with schools, we encourage them to consider Regent's financial aid management solution, Regent 8, to help them better manage the challenges this new paradigm presents."

"We are very excited to be partnered with an industry leader like Hobsons," said Randy Jones , CEO of Regent Education. "Hobsons expertise in admissions and enrollment coupled with our SNAP and Regent 8 products will provide schools with unparalleled abilities to drive enrollment growth and effectively manage the admissions and financial aid process. Both organizations have been very successful in helping schools leverage the opportunities of non-term enrollment models, so this is a natural partnership."

Hobsons and Regent will be working jointly with Mid-America Christian University (MACU). Hobsons will provide MACU with strategic enrollment and student service management functions as well as a full implementation of Regent's SNAP solution. MACU will also implement Regent 8. The partnership leverages Hobsons' successful enrollment management solutions and Regent's unique abilities in non-term on-line financial aid processing.

"The decision by MACU to move to non-term enrollment offering is reflective of the shift that we are seeing across the country," said Jones. "Schools are responding to the needs of their learners. Our partnership with Hobsons offers schools the opportunity to work with two organizations that truly understand both the challenges and the opportunities non-term and online enrollment models represent-and the ability to be successful."

About Hobsons:

Hobsons helps educators, administrators, students, and families maximize success through every stage of the learning lifecycle. Hobsons' personalized learning, academic planning, post-secondary enrollment, and student support solutions serve millions of students across more than 7,500 schools, colleges, and universities worldwide.

About Regent:

Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using BBAY and non-term enrollment models. Regent traces its beginnings to the founding of Computing Options, a student information system provider, in 1984. In 2006, a team of entrepreneurs incorporated Regent to acquire Computing Options as a platform for a standalone financial aid management system. Today, Regent 8, the eighth version of Regent's financial aid management system is the only solution that provides end to end automation for non-term, nonstandard term, and standard academic years. Regent SNAP enables schools to provide estimated awards to prospective students in 15 minutes or less-a process that normally takes days or weeks.

Regent is a nationally recognized leader in results-driven enrollment optimization and financial aid management solutions—solutions that are web-based, easy-to-use, and inter-operate with any existing student information system. Regent offers software-as-a-solution (cronym>SaaS) tools that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.