Add as a preferred source on Google


Financial Aid Comparison Tool ELMSelect Launches Updated Version

  • By Kevin Hudson
  • 05/13/13

ELM Resources has launched version 2.0 of its ELMSelect online lender comparison resource, enhancing interface features for students, institutions, and lenders.

For students looking to borrow, ELMSelect 2.0 features side-by-side field-level comparisons of loan products, enabling students to "compare and select a lender that best fits their loan needs," according to an ELM release, along with the increased interactivity and more detailed loan information.

User schools gain self-service capabilities in the new version, enabling them to manage their product lists, edit their school profile, and manage their lender relationships. Schools can also access an ELM supplied, neutral list of lenders to provide more choices for students.

Lender users can manage their own products with more than 40 customizable fields and can set up their lender and product listings directly within the updated version.

"We are excited about this next generation of ELMSelect," said Phillip Wade, ELM's chief operating and information officer, in a release. "We have received positive feedback from school customers as we work with them to convert their current version of ELMSelect into ELMSelect 2.0, and we welcome financial aid professionals not currently using ELMSelect to review our new product and consider how it can help them manage their lender list information in a compliant, interactive way."

Alongside ELMSelect 2.0, ELM Resources' other products include ELMNet, for processing private loans, and ELM NDN, for receiving and returning private loan funds.

About the Author

Kevin Hudson is a freelance journalist based in Portland, Oregon. He can be reached at [email protected].

Featured

  • Hand holding a stylus over a tablet with futuristic risk management icons

    Why Universities Are Ransomware's Easy Target: Lessons from the 23% Surge

    Academic environments face heightened risk because their collaboration-driven environments are inherently open, making them more susceptible to attack, while the high-value research data they hold makes them an especially attractive target. The question is not if this data will be targeted, but whether universities can defend it swiftly enough against increasingly AI-powered threats.

  • cloud with binary code and technology imagery

    Report: Hybrid and AI Expansion Outpacing Cloud Security

    A new survey from the Cloud Security Alliance (CSA) and Tenable finds that rapid adoption of hybrid, multi-cloud and AI systems is outpacing the security measures meant to protect them, leaving organizations exposed to preventable breaches and identity-related risks.

  • file folder with glowing cloud symbol

    Report: 95% of IT Leaders Encounter Unexpected Cloud Storage Costs

    A recent survey commissioned by Backblaze found nearly all large organizations face hidden cloud storage charges that limit flexibility and drive data lock-in.

  • businessman juggling cubes

    Anthology Restructures, Focuses on Teaching and Learning Business

    Anthology has announced a strategic restructuring, divesting its Enterprise Operations, Lifecycle Engagement, and Student Success businesses and filing for Chapter 11 bankruptcy in an effort to right-size its finances and focus on its core teaching and learning products.