The three-day PowerFAIDS Basics course provides a practical, how-to overview of system capabilities and teaches you how to get started right away. It is ideal for users who need to know what
PowerFAIDS can do. While this course is beneficial to the
PowerFAIDS Administrator, it provides minimal instruction and guidance on how to establish financial aid processing and business rules in
PowerFAIDS. To fully understand how to customize PowerFAIDS to
adhere to your financial aid guiding principles, we invite you to enroll in
Managing
Administrative Parameters.
Day 1
Getting Acquainted with PowerFAIDS:
A detailed review of system capabilities and functionality delivered in each of the
PowerFAIDS modules.
Working in the Student Module: An in-depth review of each student data sheet and its parts.
Navigating in PowerFAIDS: A demonstration of the most efficient way to retrieve student records and navigate in
PowerFAIDS.
The Financial Aid Cycle: A process explanation of tracking statuses and how they affect outcomes in student records.
Day 2
Adding Student Data to the PowerFAIDS Database:
A review of methods in which to add student data to an award year.
Creating Selection Sets and Working with the Data Dictionary: Instruction on creating selection sets and customizing the dictionary to create user-defined fields.
Creating and Tracking Communications: An examination of the Student module letter routine. Addresses criteria for generating letters, output options and identifies fields that track letter and communication activity.
Federal Processing: A review of fields evaluated during need analysis and how adjusting these fields affect student eligibility.
Day 3
Batch Processing:
An examination of batch routines available for updating and processing groups of student records.
EDE Processing: A description of batch routines supporting History Corrections and Pell Payment processing.
Standard Reports: A review of pre-defined reports delivered with POWERFAIDS and the reporting requirements they satisfy.
Loan Processing: A description of features that support FFELP and Direct Lending awarding and electronic reporting.
