Manage & Grow Your Scholarship & Grant Programs Agenda 1 - - PowerPoint PPT Presentation

Manage & Grow Your Scholarship & Grant Programs

Crucial insights to help you

Agenda

Who we are Scholarship & Grant program pain points University of Ottawa case study How FluidReview can help Q&A

1 2 3 4 5

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

• rganizations 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.”

Grants and scholarships play a major role in helping students fund their education. What do students think?

• f students have difficulty

finding scholarships that they are eligible for.

81%

• f students find it difficult, or

somewhat difficult, to apply for scholarships at their institution.

73%

• f students applying for

scholarships have abandoned applications due to overly complex requirements and processes.

50%

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

• 40,000 students
• 2,500 institutional scholarships
• $60 million in funds in disburse

Challenges

• Multiple scholarship types
• Multiple schools and faculties
• 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?