Advantages of Automation
- Reduce the amount of time it takes for Schools and Colleges to process scholarships for students. There will no longer be any paper PIRs for scholarships.
- Eliminate the need for Schools and Colleges to maintain a shadow accounting system to track funds used to pay departmental scholarships.
- Eliminate the tracking of paper PIRs in multiple campus offices, academic and administrative.
- Allow the Financial Aid Office to repackage student financial aid as required by federal regulations in a minimum amount of time.
- Allow students to view their scholarships online in their ISIS Student Account.
- Prevents over-refunds to students.
- Meets IRS requirements for scholarship reporting on IRS Form 1098T.