CCRI Financial Aid Optimization and Packaging

The Community College of Rhode Island (CCRI) is soliciting proposals under RFP27007123 to engage a qualified vendor to establish a data-informed financial aid packaging policy and an optimization model. The primary objective is to review current packaging processes and develop a transparent, adaptable model that allows CCRI to evaluate alternative budget and award strategies to optimize student access, enrollment, and net tuition revenue. Key deliverables include a current-state assessment, a documented financial aid packaging policy, a financial aid optimization model with accompanying documentation and training, a Workforce Pell assessment, and a prioritized implementation plan. The project is expected to be completed within a three-to-four-month timeframe, with the possibility of annual support fees for up to five years. Proposals will be evaluated based on the vendor's approach and methodology, experience with community colleges or similar institutions, the proposed implementation schedule, and references from the last five years. Bidders must submit a technical proposal limited to 20 pages, a lump sum fixed fee cost proposal, a signed Supplemental Bidder Attestation form, and an ISBE Proposal. Special emphasis is placed on ISBE participation, with bonus points available for certified MBE, WBE, or Disability Business Enterprise involvement. All submissions must be processed through the Ocean State Procures portal, and bidders must certify that no conflicts of interest exist regarding the formation of the RFP.