College Board provides the PowerFAIDS software to colleges and universities for their use in their financial aid processes. It is a tool colleges and universities use to manage student eligibility, verification, Pell Grant management, award packaging, loan origination, and reporting and research. College Board licenses the software to higher education institutions. Except as otherwise permitted by FERPA and other applicable laws, College Board does not use the data, including any personally identifiable information, input into the software by these institutions for its own purposes.