The FACET Program is implementing the Student Financial Planning (SFP) financial aid software system.
Financial Aid Management (FAM) is the primary financial aid processing system that UCLA has used since the mid-1980s. FAM will be replaced by Student Financial Planning (SFP) through the FACET Program.
Student Financial Planning (SFP) is an Oracle product designed to streamline financial aid processes for students and staff via enhanced data management and modern technology to enable an exceptional student financial aid experience. SFP is replacing the current Financial Aid Management (FAM) system at UCLA.
A testing process that examines business processes to ensure data flows between systems seamlessly and meets all functional requirements.
A testing process that validates we’ve accounted for all business processes that will be completed in the new system and determines if the new system does what it was designed to do in real-world scenarios. The deployment of SFP has seven releases over the course of two years.
A release in a software implementation signifies a point in time when a specific portion of the software is ready to “go live” and be used by key stakeholders. The deployment of SFP has seven releases over the course of two years.
The process of determining a student’s cost of attendance, establishing a financial aid budget (including tuition, fees, and living expenses) and then packaging various forms of financial aid (including grants, loans, and work-study) to meet the student’s demonstrated financial need.
The distribution or release of funds (such as grants, loans, or scholarships) to students to cover education-related expenses.
A specific period when financial aid is awarded, disbursed, and utilized that aligns with the academic calendar.
A federal form that students and their families may complete to apply for federal financial aid for higher education, including grants, work-study, and loans.
Changes and reforms made to the FAFSA process, expanding access to federal student aid and making it easier for students and families to complete and submit the FAFSA.Changes and reforms made to the FAFSA process, expanding access to federal student aid and making it easier for students and families to complete and submit the FAFSA.
A state legislative initiative that allows eligible undocumented students in California to apply for and receive state financial aid.
A document produced from FAFSA data that summarizes the information provided by a student and used by colleges and universities to access data/eligibility for financial aid.
An electronic state output document produced by the California Student Aid Commission (CSAC) used by college and universities in California to access data/eligibility for financial aid for undocumented students.
