Modernize Education and Workforce Funding
with Allocore
How can agencies modernize educational lending and grant programs to drive student success and workforce readiness while ensuring compliance and transparency? Allocore empowers federal education agencies to deliver secure, efficient, and fraud-resistant lending for students, training programs, and workforce development initiatives.
Legacy Systems Are Creating Bottlenecks in Federal Student Aid
$115 billion in annual aid. 23 million applications. Infrastructure that can’t keep pace.
The 2024-25 FAFSA rollout highlighted the challenge: launching nearly 3 months late with widespread technical issues, applications taking months instead of days to process, and colleges extending decision periods to accommodate the delays.
The impact across the current system was measurable:
- 432,000 fewer applications submitted due to system failures
- Months-long delays in processing paper applications after functionality issues
- 74% of help calls going unanswered due to understaffing and system overload
Federal education agencies processing financial aid for millions of students are working with technology infrastructure that can’t keep pace with what our students deserve.
Automate Every Step of Education Funding Application to Payments
Allocore’s platform can automate intake, underwriting, servicing, and compliance for every stage of the education funding process. Agencies could benefit from:
One Secure Platform
End-to-end automation in one secure platform
Full Transparency
Real-time oversight and audit trails for full transparency
Protect Taxpayer Funds
Built-in fraud detection to protect taxpayer funds
Fast Deployment
Go live in under 90 days, no custom coding required
Proven Impact & Compliance
Allocore processes over 50,000 applications monthly and prevents $1B in fraud annually, supporting responsible stewardship of public funds. As the only platform with FedRAMP High authorization for loans, grants, and fraud prevention, Allocore sets the gold standard for education funding and workforce development programs. Built to meet FedRAMP, FISMA, and NIST requirements, our cloud-native technology ensures agencies can accelerate funding while safeguarding taxpayer dollars. Modern cloud infrastructure eliminates the mainframe dependencies and legacy code constraints that have plagued federal education systems.
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