Click here to receive your FREE subscription to Campus Technology
Features
MEFA: Expanding Services for Financing Higher Ed
3/25/2003
The
Massachusetts Educational Financing Authority (MEFA) is a self-financing, not-for-profit
authority that was founded in 1982 by the Massachusetts state legislature. Its
primary purpose is to assist students, parents, colleges, and universities in
financing higher education. This is accomplished by providing critical information
necessary for planning and financing education, offering low-cost loans, and
establishing structured college savings programs.
MEFA Loan Programs planned to expand service to students and parents by offering the Federal Family Education Loan Programs (FFELP), Stafford (subsidized and unsubsidized), and Parent Loan for Undergraduate Students (PLUS) during the 2002-2003 Academic Year. This set of FFELP programs required MEFA to partner with American Student Assistance (ASA), a federal loan program Guarantor. MEFA also required an information technology solutions provider that possessed the ability to work with CommonLine standard files, which enable a financial aid office to send and receive files directly from the financial aid management systems. After reviewing several technology providers, MEFA discovered that Edgewater Technology, based in Wakefield, Mass., had extensive experience with these file types, having supported ASA's systems development initiatives for more than eight years. Tom Smith, MEFA's Director of Information Technology, explains, "ASA recommended Edgewater Technology to us based on its understanding of the student loan industry, knowledge of ASA's loan processing system, and its history of delivery excellence for ASA."
Hands-On Experience
MEFA initially contacted Edgewater Technology in October 2001. Development began
in November 2001, and the system was finally launched in March 2002. Edgewater
worked closely with MEFA to understand its business requirements and document
them as functional requirements. Technical design and system architecture documents
were then created and followed by coding of rules and interfaces based on the
functional requirements. When development had been completed, the project team
performed three distinct testing phases: QA Test, User Acceptance Test, and
External Customer Test. Upon successful completion of the test phases, the system
was implemented at MEFA.
Edgewater chose to use a SQL Server database and the C++ programming language because MEFA had a familiarity with both, as well as maintained a SQL Server database for another system. By choosing these technologies, it minimized the learning curve for MEFA employees. Knowledge transfer and training for technical users was performed throughout the project ensuring MEFA had a solid understanding of the system and a high comfort level with the technology prior to the system going live. Having Edgewater Technology developers side-by-side in User Testing scenarios and during the transition from development to production enabled MEFA's Information Technology staff to take the project in-house easily and efficiently. Database Administrators and Local Area Network (LAN) personnel also benefited from the hands-on training.
Recommended Reading
- Beck Technology Donates DProfiler to Colleges, Universities
Beck Technology recently announced that it will donate its DProfiler software platform to colleges and universities for use in construction-related coursework.
- Microsoft Adds Gen 4 Datacenters for Cloud Computing
Microsoft is initiating the fourth in a series of datacenter upgrades to enable its cloud computing services, according to a Microsoft blog post Tuesday. And, like everything else in the software world, being highly modular is a good thing.
- Can You Operate as a Virtual Being?
Now that we are conducting at least a part of our business of education virtually and often meeting in virtual environments, let's explore the really big question for academics in a Web 2.0 era...
- Columbia Center To Smooth Web Operations with Collaboration Suite
A college or university without a Web site is inconceivable today, but with every site comes the challenge of managing content. Some sort of automated system is a given, but how much should the site's content management system integrate with other aspects of the campus computing infrastructure?
- IBM's Pass It Along: Mapping Memes Toward A Learning Organization
How IBM's new release is following through on old challenges... big ones.
- North Idaho College To Provide Accessible Lecture Recordings for Disabled Students
North Idaho College will be implementing a new classroom capture system as part of an effort to provide accessible education to students with disabilities. The college will be using SpeakerBox from ClearSky Systems for the lecture capture program beginning in January 2009.
