Education expands use of business intelligence software

• By Mary Mosquera
• Aug 02, 2004

The Education Department has expanded its use of the business intelligence platform from MicroStrategy Inc. of McLean, Va., for the Office of Federal Student Aid's Common Services for Borrowers contract.

FSA, which administers student financial assistance programs, has purchased MicroStrategy software licenses and maintenance services valued at about $885,000, the company said today.

The Common Services for Borrowers contract will consolidate the department's direct loan servicing functions, loan consolidation processes and collection activities for $96 billion in student loan obligations. Currently, five separate systems perform the functions that one system will handle under the new contract.

MicroStrategy's business intelligence platform is designed to analyze vast amounts of data, be scalable, with query and reporting features and a Web interface.