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Regent is
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comprised of three main internal components.
- Regent Education Management (REM) is the web-based User Interface (UI) for Financial Aid Management, System Setup, Security, Reporting, and other user processes.
- Data Exchange (DEX) is the platform that sends and receives data, to and from the Regent system. Files like ISIRs, COD, and SBL files are loaded through DEX into the Regent databasedatabases. In some cases, DEX will output files to certain directories, taking the data from the Regent DB , and converting it to an export file to be loaded into student systems, Student Information Systems or sent back to the U.S. Department of Education, as in COD export.
- Regent Needs Analysis (RNA) is a standalone engine which utilizes information reported by the student on an application for student aid to calculate an EFC. RNA the processing engine that generates the student's academic plan/package of awards based on a combination of criteria such as the type of school, program, demographic info, and enrollment status. RNA then determines an applicant's need for federal and other sources of assistance by subtracting the EFC from the student's COA. RNA then uses eligibility rules to create a package of awards for the student.REM is a web-based User Interface for Financial Aid Management, System Setup, Security, Reporting and other user processescost, need, and financial aid eligibility criteria, as configured by the school.