Crucial insights to help you Manage & Grow Your Scholarship & Grant Programs
Agenda 1 Who we are 2 Scholarship & Grant program pain points 3 University of Ottawa case study 4 How FluidReview can help 5 Q&A
A bit about us
What’s FluidReview, specifically? ● A comprehensive and flexible scholarship management solution ● Trusted by hundreds of institutions and foundations around the world ● Improves the utilization of scholarship funds, service to students, and stewardship.
Who do we work with? Academic Institutions • Community Foundations • Not For Profits • For Profits
FluidReview has helped academic institutions organizations collect and process over 1 million applications and distribute over $3 billion in scholarships, grants and awards.
Scholarships & Grants It’s a challenging world
Students depend on financial aid... “From academic years 2006–07 to 2011–12, the percentage of first-time, full-time undergraduate students at 4-year degree- granting institutions receiving any financial aid increased from 75 to 85 percent.” SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2008 through Spring 2013, Student Financial Aid component.
Grants and scholarships play a major role in helping students fund their education. What do students think?
81% of students have difficulty finding scholarships that they are eligible for.
73% of students find it difficult, or somewhat difficult, to apply for scholarships at their institution.
of students applying for 50% scholarships have abandoned applications due to overly complex requirements and processes.
What are the challenges?
For students… ● Difficulty finding scholarships they’re eligible for ● Poor, decentralized, time-consuming application experiences ● Difficulty tracking submitted applications ● Lack of follow-up
For administrators… ● Disconnected systems ● Poor student experience ● Low application volumes ● High workloads with manual administration
Scholarships & Grants Solving these challenges
Technology can help. Leveraging the right tools can help you implement the right strategies to significantly improve the utilization of scholarship funds, improve service to students, and create efficiencies for staff.
Consider systems to: 1. Dynamically match students to scholarships 2. Allow students to apply and cross-apply to programs online 3. Automate reminder and confirmation notifications 4. Let students easily track the status of their applications 5. Make it easy for students to accept awards online
A Success Story The University of Ottawa
Situation Challenges ● 40,000 students ● Multiple scholarship types ● 2,500 institutional scholarships ● Multiple schools and faculties ● $60 million in funds in disburse ● Non tech savvy ● Poor student experience ● Paper-centric process ● Lack of application volume ● Disconnected systems
Goals ● Improved application experience for students ● Reduction in administrative workloads ● Centralized procedures
Solution ● A centralized, online scholarship management system ● Intuitive online experience for students ● Dynamic scholarship matching ● Online status tracking ● Administrative dashboards and reports ● Online award allocation and renewal management ● Automated donor recognition
Results 221% increase in completed application volume 300% increase in number of students who applied Before FluidReview: 85,000 documents processed manually After FluidReview: 20 documents processed manually
An Inside Look
FluidReview for Scholarships ● Applicant interface ● Reviewer interface ● Administrator interface
Want to see more? Contact shannon@fluidreview.com for a free trial & personalized demo
Questions?
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