{"id":940,"date":"2022-06-28T18:29:27","date_gmt":"2022-06-28T18:29:27","guid":{"rendered":"https:\/\/sites.rutgers.edu\/seii\/?p=940"},"modified":"2022-06-28T19:38:47","modified_gmt":"2022-06-28T19:38:47","slug":"osfp-june-2022-update","status":"publish","type":"post","link":"https:\/\/sites.rutgers.edu\/seii\/osfp-june-2022-update\/","title":{"rendered":"OSFP June 2022 Update"},"content":{"rendered":"

As we progress through spring 2022, we would like to provide a high-level Oracle Student Financial Planning (OSFP) project update. As you may know, we have completed the first four functionality releases of the OSFP implementation. We are beginning to see benefits to these releases to both staff and students and look forward to our remaining go-lives.<\/p>\n

Functionality & Benefits Spotlight: Releases 1-4 \u2013 ISIR Loading, Packaging, Verification, Disbursement<\/h2>\n

Our first OSFP release was in October 2022 with ISIR Loading. This functionality includes the ability to load institutional student information records (ISIRs) into the new system for the 2022-2023 financial aid year. Our second release, in February 2022, enabled us to generate cost of attendance and begin packaging financial aid for students within OSFP. This was quickly followed by the March 2022 release for the verification process. We also implemented Oracle Identity Cloud Service (IDCS) to integrate Rutgers\u2019 two identity management systems with OSFP so that both students and their authorized users could upload requested documents for verification. Finally, this past April we began disbursing aid out of OSFP to certain RBHS students (Banner).<\/p>\n\n\n\n\n
<\/th>\nR1 – ISIR Loading<\/span><\/th>\nR2 – COA & Packaging<\/span><\/th>\nR3 – Verification<\/span><\/th>\nR4 – Disbursement<\/span><\/th>\n<\/tr>\n
Release Benefits<\/td>\n\n
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  • Daily ISIR loading<\/li>\n
  • Reject\/C-code\/ verification clearing<\/li>\n
  • Faster accepted ISIR<\/li>\n<\/ul>\n<\/td>\n
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    \n
  • Faster packaging for all students<\/li>\n
  • Built-in federal regulatory compliance<\/li>\n
  • Flexible COA for different programs<\/li>\n
  • Configurable institutional and other non-federal fund (NFF) management<\/li>\n
  • Reduction in manual packaging and adjustments<\/li>\n<\/ul>\n<\/td>\n
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    \n
  • Automated ISIR corrections<\/li>\n
  • Customizable forms for meta-data collection for faster processing<\/li>\n
  • Easy documentation submission for students<\/li>\n<\/ul>\n<\/td>\n
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