Product Review
ScholarNet®
ScholarNet is a secure Web-based student loan processing system. Schools can process all application and loan activity while working with various trading partners.
Features:
FASTAwards™
FASTAwards is a secure, customizable online award letter product made available to our schools. Our product allows schools to provide their students with a fast and efficient way to accept or reject award packages. FASTAwards offers many convenient, user-friendly features:
School Features:
Borrower Features:
FASTChoice™
FASTChoice is a private loan lender selection tool that helps borrowers make informed choices from among the many lenders and loan options available to them.
For questions and product support, please contact Carie Kelly at 1-800-537-7508, or send an email to ckelly@mgslp.state.mt.us
ScholarNet is a secure Web-based student loan processing system. Schools can process all application and loan activity while working with various trading partners.
Features:
- ScholarNet allows the school to import/ export from their financial aid system or ISIR files.
- Electronic school certification for alternative loans.
- Complete change transaction functionality.
- ScholarNet offers flexible reporting tools, including online subscriptions, on-demand reports and a reporting archive.
- Smart Search is available to sort by application status, loan status, borrower name or borrower SSN.
- ScholarNet is fully operational with all major school mainframe vendors.
FASTAwards™
FASTAwards is a secure, customizable online award letter product made available to our schools. Our product allows schools to provide their students with a fast and efficient way to accept or reject award packages. FASTAwards offers many convenient, user-friendly features:
School Features:
- Schools can post estimated, revised and official award packages.
- Current and past student awards can be viewed.
- The site logo, color and main photo can be customized.
- The award text can be customized for each student.
- Students can be notified of an award via email.
- The school determines the student response options (accept/reject, reduce award amounts).
- Outside scholarship information can be collected.
- Students can be notified if there are documents missing from their financial aid file.
- The student''s passwords can be reset.
- File processing is done in real-time.
Borrower Features:
- Students can view current and past awards.
- Comments and scholarship information can be submitted.
- If the school allows the option students can accept, reject or reduce award amounts.
- Students may post a preferred email address.
- An email notification can be sent to the students when the awards are posted.
- Students are notified when documents are missing from their financial aid package.
- MGSLP provides highly trained technical and product support.
FASTChoice™
FASTChoice is a private loan lender selection tool that helps borrowers make informed choices from among the many lenders and loan options available to them.
- Schools can present detailed lender and loan program information for private loans.
- Borrowers can browse through the information and compare their loan options.
- Schools can present a configurable disclosure page that explains how the school chooses the lenders and loan programs for FASTChoice.
- FASTChoice presents a content page that educates borrowers about key terms and benefits they should focus on when considering loan options.
- Schools can create varied presentations of FASTChoice for different student populations (if necessary).
- School can set configurable options that control the look and layout of FASTChoice.
- Once a borrower selects a loan and lender, they can be directed to the appropriate lender website, school website, or paper process as needed.
For questions and product support, please contact Carie Kelly at 1-800-537-7508, or send an email to ckelly@mgslp.state.mt.us
