REDWOOD SHORES, Calif., Oct. 29,
2019 /PRNewswire/ -- The Pennsylvania State University, one of the world's
leading higher education and research institutions, has selected
Oracle Student Financial Planning Cloud to support its
"One Penn State 2025" strategic
vision to transform education delivery, focusing on student
engagement and support. The offering will be an integral component
in the university's efforts to help reduce the cost of education
while enhancing student outcomes and success.
Student Financial Planning is a key pillar in Oracle Student
Cloud, a complete suite of modules designed to support the entire
student lifecycle, including traditional and non-traditional
learning models, with powerful automation and optimization
capabilities.
Consistently ranked among the top one percent of the world's
universities, Penn State includes 24
campuses, nearly 100,000 students and 31,000 faculty and staff, all
focused on creating, sharing and applying knowledge to make a
positive impact on communities across the world. Acknowledging the
ever-increasing student debt and drop out crises U.S. college
students face, Penn State will use
Oracle Student Financial Planning Cloud to help empower students to
make more informed academic and financial aid decisions to
accomplish their academic, professional and personal life
goals.
By providing increased transparency and better management of
financial aid resources, Oracle Student Financial Planning Cloud
and Oracle Student Cloud will streamline financial aid processes
and deliver invaluable, data-backed insights into student behaviors
and successes, thus freeing administrators to focus more on
supporting the academic needs of its students.
"Penn State is pleased to select
Oracle's Student Financial Planning product as a first step in
transitioning our student system to the cloud and to further the
institution's strategic goals," said Michael J. Büsges, senior
director, Enterprise Projects at Penn
State. "Oracle has an established track record in meeting
the needs of its Higher Education customers, and we look forward to
working together on this important initiative."
Higher education institutions today are under intense pressure
to enroll best-fit students, improve outcomes, and ensure student
access – and be able to do more with less. At the same time,
today's students demand modern, consumer-like experiences and
engagement with institutions. With $2.9
billion in financial aid (representing 15 million automated
packages) already processed through Oracle Student Financial
Planning Cloud, Oracle has proven solutions to help universities
create a seamless student experience that leads to students'
academic success. With Oracle Student Financial Planning,
universities are able to spend more time advising students on their
financial aid choices and less time packaging their aid, which
leads to improved student outcomes, elevated institutional standing
and greater operational efficiency. Oracle Student Financial
Planning also supports traditional, continued and online
educational programs, as well as administrators' compliance and
integration needs.
"Leading institutions such as Penn
State know that by simplifying and optimizing their
operations they will be able to use resources efficiently and
maximize funding sources," said Vivian
Wong, group vice president of Higher Education Development
at Oracle. "Oracle's commitment to supporting the higher education
market includes our belief that no student should sacrifice their
academic goals due to cost and we have created powerful cloud
solutions to help universities tackle this challenge head on."
Additional Resources
- Oracle Cloud
- Oracle Higher Education
- Oracle Student Financial Planning
About Oracle
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of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
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(NYSE: ORCL), please visit us at www.oracle.com.
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SOURCE Oracle