Regent 8 Financial Aid Management Solution Helping schools fully automate all enrollment models; Standard Term, Non-Term and BBAY, Self-Paced, and Competency Based Lesley Phelps VP of Marketing and Business Development Steve England VP of Client Solutions

Agenda? What is Competency Based Learning What is Non-Term? Why are schools moving to these new models? What are the issues? How can it be done successfully? Company Confidential

ABOUT REGENT 100% dedicated to Financial Aid and Enrollment Optimization as our core business Our partners process over 1,500,000 students per year using Regent solutions 50+ employees dedicated to financial aid solutions Over 250 collective years of higher education expertise Strong industry and vertical advisory board in place Includes customers and non-customers VC backed –Chrysalis Ventures & Edison Ventures Seasoned Board members

Regent 8 Financial Aid Management SNAP by Regent Student Needs Application Platform Acquisition and distribution of funds Compliance Enrollment optimization Student satisfaction Document Tracking Student Self Service Portal 9/16/2018 Company Confidential

About Regent Enterprise The First Truly Service Oriented, SaaS, Financial Aid System Fully-integrated Product Suite Modular Design Service-Oriented Architecture Flexible Implementations Unified Management Company Confidential

What is Competency Based Learning? Decoupling of seat time from academic progress Progress is evaluated on mastery of content/skills rather than seat time Student paced vs. defined semester, quarter, etc. The ultimate non-term… Company Confidential

What is Non-Term? Terms are the building blocks for student academic years For financial aid purposes, a student’s academic program is delivered in one of three structures: Standard Term Nonstandard Term (NST) Non-Term

Non-Term Clock-hour programs always nonterm for FA purposes Non-Term Credit hour: courses do not begin and end within a set period of time courses can overlap the term begin and/or end dates Versions: Self-paced Modules Consecutive Overlapping On-demand

Why Competency Based Learning? More accurately measure student learning Reduce time to graduation Reduce costs Be positioned for potential funding model changes Meet changing student needs Enrollment Considerations Paradigm shift in teaching and learning pedagogy that is the underlying driver of these changes Gone are the days where every student had to pick up and move to a brick and mortar campus and attend a lecture with one instructor in front of a room delivering a single lecture in a single style to a group of perhaps dis-simimlar student s. We are seeing a shift in rapid shift in delivery methodlogy. Microsoft leader attended an academic conference and told the faculty members that professors were woefully underpaid- (huge applause) and he went on to day that he thought in the near future professors would and should be some of the highest paid individuals in the country-had them on their feet-and then he said-but we only need a few thousand for the entire country Measure learning rather than time Adults particularly come to college with differences in what they already know-and how fast they learn-so particularly suited to this population Higher ed was very different even just 5 years ago-and we are now at another junction as we see schools move to a more flexible and student centric teaching and leaning model-which of course impacts all of us in the financial aid world

Why Non-Term? Flexibility Changing demographics Year round education Competency Based Learning Initiatives Meeting changing student demands Flexibility Changing demographics Year round education Increase in online learning Enrollment considerations Can add students at additional intervals Easily incorporate breaks in attendance Default Prevention Considerations Paradigm shift in teaching and learning pedagogy that is the underlying driver of these changes Gone are the days where every student had to pick up and move to a brick and mortar campus and attend a lecture with one instructor in front of a room delivering a single lecture in a single style to a group of perhaps dis-simimlar student s. We are seeing a shift in rapid shift in delivery methodlogy. Microsoft leader attended an academic conference and told the faculty members that professors were woefully underpaid- (huge applause) and he went on to day that he thought in the near future professors would and should be some of the highest paid individuals in the country-had them on their feet-and then he said-but we only need a few thousand for the entire country Higher ed was very different even just 5 years ago-and we are now at antoher junction as we see schools move to a more flexible and student centric teaching and leaning model-which of course impacts all of us in the financial aid world

Why is Financial Aid the Hindrance for moving to Non-Traditional Learning Models? Financial Aid Management Systems designed around the concept of structured periods of enrollment Manual processes increase compliance risk Manual packaging and repackaging result in slower service Labor cost considerations Company Confidential

Regent 8 – The New Standard in Financial Aid Management Complete support for all enrollment models End to end automation enables faster closing cycles Ability to manage multiple campuses from a single platform Automation by default -- intervention by exception optimizes manpower utilization Robust reporting Ability to support standard term, non standard term and non term Compliance monitoring Enterprise hierarchy – single software instance for multiple campus applications; support for cross registration Compliance monitoring = complete audit trail Is called Regent Enterprise. And it consists of 4 different interfaces that add value to the entire institution – not just FA. The Regent Executive Dashboard – The Regent Financial Aid Manager – and the Regent multi-lingual student self service portal These 3 modules are all 100% web based, tightly integrated and work off the same database, most importantly reflect real time information. Regent Enterprise integrates into a colleges existing technology landscape – including integrating with any student information system or ERP – Installation and training takes less than 90 days Expertly designed so that minimal training is required to learn to use the system And execution and use of the system is immediate We also offer a hosted solution - Web based Real time 4 interfaces that work off of fa office -- fam -- student portal -- dashboard -- imaging Impleme – 90-120 days, depending on conversion. Training is minimal Execution is immediate Don’t need to be expert to use or have an IT background Company Confidential

End-to-End Automation Packaging and Repackaging for Non-Term, BBAY and SAY. End-to-End Automation ISIR Processes – C-Code and Error Code Remediation. COD and Reconciliation Processes. Regent 8 institutions achieve a 20% to 60% reduction in back office manpower due to dramatic reduction in manual processes. SAP Processes. R2T4. Document Management. Data Integration – SIS, CRM, Lead Management. Student Notifications - Missing Documents, Awards, Issues, etc. Company Confidential

Introducing SNAP by Regent Detailed reports of all applicants and their progress 9/16/2018 Introducing SNAP by Regent

Regent 8 DEMONSTRATION

Summary Changing landscape in higher education resulting in non- traditional enrollment models Significant impact on financial aid Compliance Service Cost Make sure financial aid has a seat at the table Company Confidential

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