Santa Monica College Selects Regent Enterprise

Frederick, MD – September 9, 2008 – Regent Education, the leading provider of financial aid management Software-as-a-Service (SaaS) solutions for higher education institutions, today announced that Santa Monica College (SMC) has selected Regent Enterprise as its financial aid management solution.

Previously, SMC used a solution provided by the Department of Education to process their financial aid. The software pulled on IT resources and inhibited SMC from tracking important data. Additionally, few of the key areas within the financial aid process were automated, resulting in numerous hours of manual processing and reliance on IT staff to create custom reports.

Santa Monica selected Regent Enterprise for its automation and flexibility. Regent Enterprise’s fully configurable workflow process will make SMC’s financial aid process easier to execute and will decrease the time required to process, distribute, track, and verify award letters, as well as provide accountability for tasks. Regent’s SaaS solution will also provide SMC with automatic state and federal updates, easing the burden on IT staff and helping to ensure compliance.

“Santa Monica College is looking forward to its collaboration with Regent,” said Steve Myrow, Santa Monica’s Associate Dean of Financial Aid and Scholarships. “Regent’s comprehensive financial aid management system will help us manage the 16,000 to 17,000 federal aid applications that we receive each year—and better serve our students.”

Santa Monica College is a two-year community college accredited by the Western Association of Schools and Colleges. Located in Santa Monica, CA, SMC opened in 1929 with just 153 students. It has now grown to a thriving campus with approximately 31,000 students, offering more than 80 fields of study. SMC is the number one transfer college to UCLA, USC, the University of California system, and Loyola Marymount University. SMC has an academic reputation as one of the best community colleges in the nation, offering top professional training programs in nursing, computer technology, new media, early childhood education, graphic design and many more. Santa Monica has a roster of distinguished alumni in virtually every profession, including actor Dustin Hoffman, astronaut Walter Cunningham, Appellate Judge Miriam Vogel, NFL player Isaac Bruce and California Governor, Arnold Schwarzenegger.

“Santa Monica College has a very large student enrollment that is growing each year, and the Regent solution enables the institution’s key financial aid personnel to focus on the student versus back office manual processing,” said Michael Ratti, Regent’s CEO. “Regent will give Santa Monica’s financial aid office the tools it needs to help meet its enrollment and student access goals.”

About Regent

Named Firm of the Year by the Tech Council of Maryland and a 2008 CODiE Award Finalist for Best Postsecondary Enterprise Solution, Regent is a leading Software-as-a-Service provider of financial aid management software solutions with more than 30 years’ industry experience. The company’s web-based, easy-to-use solutions interoperate with any established student information system. Regent provides institutions with improved efficiencies, fewer errors, and enhanced services for students, equaling a positive return on investment within the first year.

Regent’s management solutions are designed and built by and for members of the financial aid and enrollment management community. Regent enables institutions to better craft and execute financial aid strategies. With the Student Self Service Portal, the company also offers 21st century access for students seeking financial aid information anytime, anywhere, from any device, in any language. For more information, visit: www.regenteducation.com.