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FREDERICK, Md., Nov. 10, 2020 /PRNewswire/ — Regent Education today announced Regent 5.3, a major release that includes 2021-2022 regulatory updates to Regent Award and Regent Review, the flagship solutions of its automated financial aid management suite. Simultaneously, Regent enhanced Regent Plan, an offering that empowers higher education institutions to help students borrow responsibly and minimize debt.
2021-2022 Regulatory Updates
The 2021-2022 regulatory updates include the required updates to Regent Award and Regent Review as appropriate in support of 2021-2022 ISIR processing. Among the features updated were:
- The Estimated Family Contribution formula for the 2021-2022 Federal Award Year;
- ISIR Details display and Verification/Corrections Wizard now support the 2021-2022 Federal Award Year, as does the ISIR Comparison Tool;
- SAR Comment Code text definitions now align with the U.S. Department