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Industry: Government Application(s): Database: Oracle Database Size: 500 GB Number of Users: 4,000 Deployment Type: Intranet/Extranet |
Success Story: U.S. Department of Education
Consolidating Direct Loan Servicing Functions and
Collection Activities for $100 Billion in Student Loans
The U.S. Department of Education, Office of Federal Student Aid (FSA) expanded its use of the MicroStrategy Business Intelligence Platform™ to support existing and new applications to be deployed under the Common Services for Borrowers (CSB) contract.
The Office of Federal Student Aid is a Performance Based Organization that administers the Student Financial Assistance Programs at the U.S. Department of Education.
The CSB contract consolidates the Department’s direct loan servicing functions, loan consolidation processes, and collection activities for nearly $100 billion in student loan obligations. Previously, five separate systems performed the functions that one system performs under the new contract.“Federal and state government agencies are choosing MicroStrategy’s industrial-strength platform to gain better visibility into their operations and to help make important strategic decisions,” said MicroStrategy’s COO Sanju Bansal. “We’re particularly proud of our expanding relationship with the FSA, which provides such vital services to citizens nationwide.”
Some of MicroStrategy’s other Federal customers include the U.S. Postal Service, the Centers for Medicare and Medicaid Services, the National Institutes of Health, the Department of Housing and Urban Development, and the U.S. Army.
The U.S. Department of Education was created in 1980 by combining offices from several federal agencies. Its original directive remains its mission today — to ensure equal access to education and to promote educational excellence throughout the nation. The Department’s 4,500 employees and $71.5 billion budget are dedicated to establishing policies on federal financial aid for education, and distributing as well as monitoring those funds; collecting data on America’s schools and disseminating research; focusing national attention on key educational issues; and prohibiting discrimination and ensuring equal access to education.