Financial Aid Management System (FAMS)

A complete solution for State and Federal agencies. Manage various financial aid programs end-to-end.

Technology Solution

  • A cloud based system with easy configuration and no installation
  • Ability to allocate and manage funds across various programs
  • Allow consumers to apply for aid
  • Verify eligibility across programs based on configurable program rules
  • Manage approval via configurable workflows & document management
  • Ability to distribute funds through integration with financial institutions
  • Provide the necessary audit trail and federal and state reporting capability

Operations Services

  • State agencies can outsource the management of the entire program to Speridian
  • Day to day management of the program
  • Allocation of funds based on State and Federal guidelines
  • Management of the technology and services needed
  • State and Federal reporting with various status
  • Audit reports with status on fund disbursed, balance etc.

Agencies we support

Nevada Affordable Housing Assistance Corporation

A nonprofit organization and administrator of the U.S. Treasury sponsored Nevada Hardest Hit Fund.

Keep Your Home California

(KYHC – keepyourhomecalifornia.org)

A program of the California Housing Finance Agency Mortgage Assistance Corporation. Speridian services enabled CalHFA MAC to assist over 80,000 homeowners and fund over $2B USD since 2011.

Speridian logo
Over the last decade, Speridian developed significant capability in providing management and operations services and associated technology solutions for State agencies that were tasked with supporting federal hardship assistance programs such as the federal programs instituted after the financial crisis of 2008.