Feature Roadmap

Current Year - 2024

PowerFAIDS Cloud currently offers a robust initial feature set. Past demos of many of these features can be found on the Training and Events page.

  • Academic years
  • Anticipated aid extract
  • Batch add award
  • Batch update field values
  • COD
  • College Financing Plan
  • CommonLine
  • Communications
  • Cost of attendance
  • Custom data
  • Custom processes (algorithms in PowerFAIDS Desktop)
  • Custom process targets (PIT rules in PowerFAIDS Desktop)
  • Custom reports
  • Disbursement authorization
  • Disbursement reconciliation
  • Disbursement rules
  • Funds
  • ISIR
  • New year setup (parameter roll forward in PowerFAIDS Desktop)
  • Notes (comments in PowerFAIDS Desktop)
  • NSLDS transfer monitoring/financial aid history
  • Packaging (manual, automated and batch)
  • Packaging formulas
  • Payment periods (POEs in PowerFAIDS Desktop)
  • Programs
  • Requirements (documents in PowerFAIDS Desktop)
  • Selection sets
  • Standard reports
  • Student employment initial support (custom data and FISAP reporting via packaging)
  • Student information import - CSV format (external update in PowerFAIDS Desktop)
  • Users and security groups

The second half of 2024 and early 2025 will bring exciting updates, including automation to PowerFAIDS Cloud with the release of scheduler and automated file transfer features.

Scheduler has been completely re-imagined in PowerFAIDS Cloud. For the first time, scheduler will be built into PowerFAIDS and not require any campus setup/hosting. PowerFAIDS Cloud supports scheduling many processes including communications, file imports/imports, and packaging.

Scheduler dashboard in the PowerFAIDS System Administration module

Automated file transfer works hand in hand with scheduler. Automated file transfer provides schools with a PowerFAIDS Cloud SFTP site that can receive files for PowerFAIDS to process (ISIR, student information import, etc.) and the can be used as the destination to receive files exported out of PowerFAIDS (anticipated aid, disbursement authorization, custom report, etc.) The SFTP site is the link that helps PowerFAIDS communicate with your student information system.

Future Years

In 2025, we’re pivoting from automation to the student experience and APIs. The redesigned PowerFAIDS Student Portal is mobile-first and offers students a modern experience to view their information anytime and take action such as accepting/declining awards and upload documents. Institutions can choose to have students authenticate using single sign on. For institutions not using single sign on, multi-factor authentication is provided.

In 2026, we’ll deliver functionality needed for our Institutional Methodology schools, including CSS Profile and Institutional Documentation Service (IDOC). This will include seamless integration of files from CSS Profile into the PowerFAIDS Cloud dashboard, providing complete control over which records to post, a global method to complete the IDOC file submission, and a re-imagined process to identify potential duplicate records before they are created.

IDOC Submission Export page in PowerFAIDS Cloud

PowerFAIDS Cloud:

  • Advanced reporting solution
  • API expansion
  • External award
  • External disbursement
  • R2T4
  • Renewal awards
  • Single sign-on (SSO) for administrators
  • Umbrella reporting
  • Workflows

Student Portal:

  • Advanced branding and customization options
  • Chat with students
  • Communications (view, download, print)
  • Custom pages
  • E-signatures
  • Fillable PDFs
  • Notifications, alerts, badges, & banners
  • Page preview before publishing
  • Parent account
  • Partial acceptance
  • Student employment
  • Student views for disbursement information & lifetime totals
  • Webforms