Access to Online Programs Significantly Expanded Through More Convenient and Timely Access to Title IV Federal Grants & Loans through Alliance with Global Financial Aid Services and Embanet

by PRWEB

Embanet Corporation and Global Financial Aid Service Inc. today announced a strategic alliance to offer turnkey access to federal funding, e-learning hosting and consulting services to online learners. The alliance combines the expertise of Embanet, one of the founding companies in the e-learning industry, and Global Financial Aid Services, one of the founding companies in providing online access to Title IV financial aid processing, to offer a full end-to-end solution for online programs.

Toronto (PRWEB) June 10, 2004 -– Embanet Corporation and Global Financial Aid Service Inc. today announced a strategic alliance to offer turnkey access to federal funding, e-learning hosting and consulting services to online learners.

The alliance combines the expertise of Embanet, one of the founding companies in the e-learning industry, and Global Financial Aid Services, one of the founding companies in providing online access to Title IV financial aid processing, to offer a full end-to-end solution for online programs.

“Federal funding is critical for the success of online programs, however, the ability to offer a convenient application process that provides accountability, accuracy and timely receipt of funds is often the difference between success and failure. In today’s competitive market for online programs, the ability to apply for and receive Title IV federal funding can make the difference of attracting and attaining a student or losing the student to the competition,” said Jimmy Addison, President of Global Financial Aid Services. “Embanet enables our Clients to fill the gap with the Embanet Campus WebPort which enables prospective students to search for appropriate programs, apply to the program and now seamlessly link up with our systems to apply for and receive federal funding. The ready-to-go solution saves institutions time and effort and has proven results. Add to this Embanet’s decade of experience in providing multiple award winning learning platforms with its 24/7 live technical support and the ability to garner high retention. Convenience, value and learner success have significantly increased as a result of our alliance.”

“This is a turning point for online programs,” said Jeffrey Feldberg, Chairman of Embanet. “Global Financial Aid Services is the fastest growing third party financial aid servicer in the country. Through their “SAINT” suite of online software solutions, applying for federal funding is secure and incredibly convenient. Our research shows that online learners are continually pressed for time and looking for ways to do more in their day. Our alliance provides the solution to online learners and the answer for institutions who have been grappling with how to address this need in a manner that is time and investment friendly. With the full integration and automation of Global’s services with the Embanet solution, our online Clients have a significant competitive advantage, which in turn, translates into high enrollments and a stronger return on investment for their online programs.”

About Global Financial Services:
Global Financial Aid Services, Inc. is a nationally recognized third-party financial aid servicer that provides a variety of outsourcing solutions for Title IV financial aid processing, including our newly developed SAINT Internet based software systems, comprehensive Platinum service and a wide range of consulting services. The state of the art SAINT system provides clients with Internet based paperless packaging options for ground and distance educations students. For more information, please visit www.globalfas.com.

About Embanet Corporation:
Embanet is the leading provider of fully hosted and supported e-learning solutions to educational Institutions. Embanet's Tier 1 Data Center, industry's best 24/7 LIVE technical support and course development help achieve high online retention and completion rates. Embanet offers the industry's only “e-Learning Insurance” to safeguard your investment from changing technologies through the total integration of seven leading and non-proprietary learning platforms. For more information, please visit www.embanet.com/globalfas