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Product Release Summary
This Product Brief includes a summary of Regent 5.3 and direction to additional documentation and information.
Product Release Description
The 5.3.0.0 release addresses product defects as listed in the “Bugs” section of the Release Notes, and also enhancements and new features including:
- Regulatory Update for 2021-2022 Verification and ISIR Processing
- Availability of 2021-2022 Verification Worksheet
Release Notes
Further details on enhancements/new features and a complete list of bug fixes can be found in the Release Notes. The 5.3 Release Notes (Beta Testing) are made available externally via Customer Zone.
The Release Notes also contain information on new configuration options, and a list of updates to the Admin Guide and User Guide.
Other Documentation
In addition to the Product Brief, the following documentation is also available:
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System Requirements
Any client currently using Regent Award may take the Regent 5.3 version of Student Experience for UAT and ultimately production upgrade.
Any client currently using Regent Review may take the Regent 5.3 version of Student Experience for UAT and ultimately production upgrade.
New Feature Overview for Regent 5.3
2021-2022 Regulatory Updates: Includes required updates to Regent Award and Regent Review as appropriate in support of 2021-2022 ISIR processing.
- ISIR Details display and Verification/Corrections Wizard has been updated to support the 2021-2022 Federal Award Year, as has the ISIR Comparison Tool.
- SAR Comment Code Text Definitions have been updated per the U.S. Department of Education 2021-2022 SAR Comment Codes and Text document. These items display in ISIR Details, the Compare ISIR Wizard, and in the ISIR Print function. Year reference changes were also updated as needed for ISIR reject codes.
- Regent now supports printing of ISIRs for the 2021-2022 Federal Award Year.
- Message Classes were added to the SAIG Mailbox Integration feature in support of 2021-2022 ISIR file processing.
- The ability to import data for 2021-2022 ISIRs and export 2021-2022 ISIR correction data has been implemented in accordance with EDE Technical Reference 2021-2022.
- Regent updated the Estimated Family Contribution (EFC) formula for FAY 2021-2022 in Release 5.2 in support of Regent Access processing. The updated tables and specifications are available to Regent Award and Regent Review with this 5.3 Release.
- Regent Award has been updated to calculate TEACH Grant award amounts with the appropriate annual percentage sequestration reduction. A TEACH Grant where the first disbursement is on or after October 1, 2020 and before October 1, 2021 requires a reduction of 5.70% from the award amount for which the student would otherwise have been eligible. Last year’s required reduction was 5.90%.
2021-2022 Verification Worksheet: The new 2021-2022 Verification Worksheet is available to Regent Review clients.
- All year references have been updated for the new Federal Award Year.
- This release includes some minor text changes in a few places to improve grammar, and some of the existing hyperlinks within the worksheet are now more clearly identified.
- The worksheet flow was improved so independent students who did not indicate support of children or other dependents when initially filing the FAFSA have the opportunity to update household size through the Verification Worksheet.
- The 'None' option for ‘Other Dependents’ has been moved to the top of the pick list for easier accessibility by students
- The 'Children and other Dependents' informational bubble in the Parents' section has been updated to provide more information.
Known Issues for Regent 5.3 (Will populate closer to 5.3 certification)
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