Description
The Executive Office of Education is seeking information from qualified vendors about their capabilities, solutions, and experience implementing financial aid management platforms. The objective is to assess available solutions that can manage student aid applications, eligibility determination, award calculations, disbursement, institutional interfaces, and compliance reporting in alignment with state policies and federal aid data sources. The RFI includes a list of desired capabilities, including functional requirements, technical requirements, and implementation and support requirements. Vendors are asked to provide a company overview, solution overview, implementation timeline, cost estimate, security and compliance information, references, and value-added features.
• The RFI is for a financial aid platform modernization.
• The platform should be able to manage student aid applications, eligibility determination, award calculations, disbursement, institutional interfaces, and compliance reporting.
• The platform should be able to integrate with FAFSA/ISIR records via SAIG/Edconnect.
• The platform should be cloud-based or SaaS architecture with StateRAMP/FedRAMP preferred.
• The platform should have data encryption in transit and at rest.
• The platform should have configurable workflow and business rules management.
• The platform should have APIs for integration with EOE/DHE systems.
• The platform should have role-based access control and full audit trail.
• The platform should have scalable performance and modular architecture.