Upload
austin
View
19
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Packaging Financial Assistance. - PowerPoint PPT Presentation
Citation preview
R M A S FA A 2 0 1 2
Packaging Financial Assistance
“ T O G I V E AWAY M O N E Y I S A N E A S Y M AT T E R A N D I N A N Y M A N ’ S P O W E R . H O W E V E R , T O D E C I D E T O W H O M T O G I V E I T , A N D H O W L A R G E A N D W H E N , A N D F O R W H AT P U R P O S E A N D H O W , I S N E I T H E R I N E V E RY M A N ’ S P O W E R – N O R A N E A S Y M AT T E R . H E N C E I T I S T H AT S U C H E XC E L L E N C E I S RA R E , P R A I S E W O RT H Y A N D N O B L E . ”
A R I S T O T L E1
Today’s DiscussionFactors impacting Decision to select a
MethodReview of Historical Packaging Methods
and Today’s EnvironmentIssues that Arise which impact PackagingDiscussion of what Works for you and on
What you would like helpOpen Give and Take Discussion
R M A S FA A 2 0 1 2 2
R M A S FA A 2 0 1 2
Factors that Impact Packaging Method
Cost of Attendance
Student Demographics
Funds Available
Institutional Mission
Academic Programs Provided
3
R M A S FA A 2 0 1 2
TRADITIONAL PACKAGING METHODOLOGIES
Gift Aid FirstCOA
- EFC- Pell= Remaining Need- Scholarship/Grants- Loans/Employment
4
R M A S FA A 2 0 1 2
TRADITIONAL PACKAGING METHODOLOGIES
Self-Help FirstCOA
- EFC- PELL- Scholarship(s) [n-n based]= Remaining Need- Self-Help (Loan(s) and Empl- Grant
5
R M A S FA A 2 0 1 2
TRADITIONAL PACKAGING METHODOLOGIES
Equity PackagingAll students receive a certain level of gift aid
regardless of source (sum of federal/state, private, school)
Assures all students start with a level playing field before self-help is awarded
Absolute equity – minimum valueFixed percent equity - % of free money vs. COA
6
R M A S FA A 2 0 1 2
ABSOLUTE EQUITYAE = $5,000 $10,000 $20,000COA = 10,000 20,000 40,000EFC - 5,500 5,500 5,500Pell - 0 0 0Schol - 0 2,000 12,000Remain Need 4,500 12,500 22,500Equity Grant 0 2,500 2,500Self-Help 4,500 10,000 10,000Unmet 0 0 10,000
7
R M A S FA A 2 0 1 2
FIXED PERCENTAGE EQUITYPE 50% 60% 70%COA $10,000 $20,000
$40,000EFC 5,500 5,500 5,500Schol 0 2,000 12,000Rem Need 4,500 12,500 22,500Equity Grnt 0 4,500 10,500Self-Help 4,500 8,000 10,000Unmet 0 0 2,000
8
R M A S FA A 2 0 1 2
Enrollment ManagementTakes Fixed Percentage idea to another level by
addingin student characteristics beside financial need;
Impacts only institutional aidPossible Characteristics
Academic Achievement Legacy StudentGeography Penetration AreaEthnicity Academic Major
Gender
9
R M A S FA A 2 0 1 2
EM VARIABLE PERCENTAGEEM % 50% 60% 65%COA $25,000 $25,000
$25,000EFC 5,000 5,000 5,000Need 20,000 20,000 20,000
Total Free 10,000 12,000 13,000Self-Help 10,000 8,000 7,000
10
R M A S FA A 2 0 1 2
Packaging IssuesLarge External Resources - GMS VA benefits
after awarded but prior to or after disbursement
Change in family situation - divorce medical
Change in major (EM model)
Massive EFC change due to verification
11
R M A S FA A 2 0 1 2
OPEN DISCUSSIONWhat model do you use & why
What would make it better (no more money)
Is Financial Need still relevantWhat does the future hold
12