Fast, Comprehensive Financial Aid Assessments
Use Ravenna Financial Aid to get complete financial insight into each household and take advantage of NAIS-backed methodology to provide fair and equitable tuition assistance.
Get the Full Picture in Minutes
With over 50 reports covering household income, assets, allowances, and business holdings over multiple years, schools get an instant, accurate, and complete picture of every family’s ability to pay tuition.
How Does Ravenna Help Financial Aid Teams?
Keep Financial Information Secure
Ravenna Financial Aid uses end-to-end encryption on all family financial data, keeping sensitive information secure and compliant with local rules and regulations. Ravenna abides by PCI-DSS protocols on all financial transactions.
A Methodology Backed by the Industry Standard
Ravenna Financial Aid calculates a family’s expected contribution based on income, allowances, net worth, and other considerations. Originally developed by NAIS, this figure provides the information needed for accurate, fair folder reviews, while remaining flexible to fit school policies and mission.
A Quick Application Process
It takes parents less than 60 seconds to fill out the IRS authorization form, the full financial aid application requires an average of only nine minutes, and families don’t need to upload any documents. Encourage more applications with a clean, fast, mobile friendly experience.
Reporting to Inform Wise Awarding
Utilize real-time visibility to monitor each trend for applications, awards, and family decisions. Compare multi-year data to support forecasting and net tuition decisions, with additional reports available to support department planning.
Ravenna + Financial Aid: Your Questions Answered
How transparent does Ravenna make the financial aid process for families?
Ravenna uses a standard of evaluation that takes into account a household’s income, assets, net worth, and additional financial factors. Backed by the NAIS, this process is adjustable based on a school’s mission or policies, but overall, families receive a fair, industry-trusted evaluation. Ravenna’s communication tools allow schools to handle award announcements as delicately as preferred.
What does Ravenna’s implementation look like?
Ravenna products go live faster than the industry average. Ravenna Admissions has a more involving setup, typically taking 4-5 weeks to launch with an additional four weeks of self-paced training. Ravenna Financial Aid, on the other hand, needs less than a week to configure.
What level of support does Ravenna provide schools and families?
Our support team consists of a hybrid human-and-agent experience in over 40 available languages that allows for round-the-clock support to schools and the families they support, with traditional calls available for complex issues.
What our customers are saying
It’s not just a database for collecting information – with features like IRS integration and award calculations, Ravenna Financial Aid provides value that makes the price feel fair.
— Director of Finance, Nursery-PreK School of <200 Students, TX