Topics. Strengthening Student Potential. JWU Strategic Plan. Student Loan Market Financial Risk Enrollment Risk

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Topics. Strengthening Student Potential. JWU Strategic Plan. Student Loan Market Financial Risk Enrollment Risk"

Transcription

1 Topics FOSTERING STUDENT SUCCESS AT JOHNSON & WALES UNIVERSITY Tom Dwyer & Marie Bernardo FOCUS 2011 JWU Approach to Enterprise Risk Management Student Loan Market Financial Risk Enrollment Risk External Conditions JWU Assessment and Proposal December 3, JWU Strategic Plan Strengthening Student Potential 3 FOCUS 2011 Strengthening the EXPERIENCE Academic and Student Life Extensive program assessment Strengthening STUDENT POTENTIAL Admissions and Enrollment Selectivity Affordability International Recruitment Strengthening CAREER OPPORTUNITIES Career Development Career Progression Study Strengthening the FOUNDATION Resource Development Organized to achieve objectives 4 Johnson & Wales University will be the destination of choice for individuals seeking career education who are highly motivated and demonstrably capable of success in J&W programs. The university will endeavor to establish tuition at affordable levels, and offer financial assistance that support improvement of retention and graduation rates. 1

2 Reputation Portfolio Risk Concentration of Risk Internal Controls Concentration of Risk Policies & Procedures Financial Controls Segregation of Duties Graduation Rates / Retention Academic Rigor Pricing / Debt Burden Career Progression Food Safety Succession Planning Regulatory Concerns Title IV Accreditations 501 (c) 3 State Licensing FERPA Enterprise Risk Management At JWU Student Enrollment Team Investment Policy Market Risk Asset Allocation Business Continuity Crisis Contingency Plan Financial Security Data Security Network Security Business Continuity Plan Financial Market Turmoil Natural Disasters Security Concerns Insurance Integrated Contingency Plan Loan Generated Revenue $143,142,152 system wide Net Billable $267,580,757 system wide Loan Summary Stafford Subsidized and Unsubsidized $79,473,828 Perkins Overall $11,498,911 PLUS Federal Plus Stafford $25,558,471 Private Private $26,610, vs 0809 Changes in Borrowing -30% -20% -10% 0% 10% 20% 30% 40% Charlotte Denver North Miami Providence University % 75% 70% 65% 60% 55% 50% Cumulative Change in Inflation Adjusted College Cost of Attendance, Family Income, and Financial Need Family Income COA Tuition and Fees Financial Need Remaining Cost Remaining Need Cumulative Change in Inflation Adjusted Dollars 20.0% Remaining Need After Grant, Work, 15.0% Achievement Loan and EFC 45% 40% 35% Financial Need 10.0% Cost of Attendance 30% 25% Tuition and Fees 5.0% 20% 15% 10% Cost of Attendance 0.0% Financial Need Family Adjusted Gross Income * 5% 0% 7-5% Family income % 8 Source: Bureau of Labor Statistics - CPI 2

3 JWU Average Family Adjusted Gross Income Band Comparisons to National Average 40% 35% 30% 25% 20% 15% 10% 5% 0% Less then 30k 30,00-59,999k 60,000-99,999k 100, ,999k Greater then 150k Charlotte Denver North Miami Providence University USA Financing the GAP Federal Loans Stafford (Subsidized and Unsubsidized) No Credit Check Based on need amounts range from $ $5500 subsidized Interest rate 6% subsidized, 6.8% unsubsidized Additional Unsubsidized $2,000 PLUS LOAN Credit qualification loosened until December 2010 No 180 day delinquency on mortgage or medical bills No 90 day delinquency on all other credit worthy accounts Interest rate 8.5% Deferment options Private Loans loan access unknown due to liquidity issues Expect increase in FICO score minimums in 0910 Lender specific credit qualifications 9 Source: Census.gov - American Community Survey USA Households Distribution of Student Aid 0708 Distribution of Undergraduate Aid - JWU Distribution of Student Aid 11 Federal WorkStudy 4% State Grants 2% Private Loans 15% 0708 Distribution of Undergraduate Aid - Nationwide Federal WorkStudy State Grants 7% Pell 12% Private Loans 14% Pell 6% Federal Loans 39% Outside Grants 6% Outside Grants Institutional Aid 3 Institutional Aid 20% Federal Loans 37% Federal Grants - other than Pell 2% Federal Grants - other than Pell 3% Distribution of Undergraduate Aid - JWU Federal WorkStudy 4% Private Loans 10% State Grants 2% Federal Loans 43% Pell 6% Outside Grants Institutional Aid 33% Federal Grants - other than Pell 3

4 Picture of a Private Loan Borrower at JWU Undergraduate enrollment 14,372 Private borrowers account for 15% of our student population (2107) Average annual loan is $12,608 Median EFC is $10,656 which is $5000 more than the median EFC at JWU Median AGI is $88,543 which is $16,624 more than the median AGI at JWU At risk $17,702,673 in federal aid Retention of a Private/PLUS Loan Borrower one year retention model not official calculation Entering Class Entering Class of Sept. 06 of Sept. 07 Difference PLUS 69.3% % Private 68.7% 74.4% +5.7% No PLUS or Private 63.5% 68.3% +4.8% Overall 67.3% % Legislative Impact on Student Loans College Cost Reduction Act of 07 (HR 2669) Created a less desirable market for lenders (increased origination fees, percentage of federal guarantee reduced; a cut of 20 billion in federal subsidies) Volatility in the Student loan market Liquidity concerns A smaller marketplace Borrower benefits limited or non existent A movement towards direct lending Access to Education Legislation Signed as of 5/7/08 extended through 2009 H.R extended for an additional year Increase of Stafford by $2000 Independent students; Plus Denial New Amounts will range from $5,500-7,500 Increase in aggregate loan amount from $23,000 - $31,000 PLUS Qualification adjusted until December 2009 No more than 180 days delinquent on a mortgage payment No more than 180 days delinquent on a medical bills No more than 90 days delinquent on any other debt Deferment options Impact on Study on College Costs - GAO

5 Focus 2011 Awarding Strategies 17 Freshman and Sophomore Increase affordability by maintaining 4 year awards at a consistent level Awards are determined based on a family s need Awards include: Academic/Merit, Johnson & Wales Grant, Pell, SEOG, Stafford Loan and State grants (each is set to meet a percentage of need) Average institutional awards for freshmen $8215 Junior and senior awards determined based on need, EFC, and scholarships Average discount rate of 30.7% for tuition and fees Institutional Grant Total University Freshmen $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 $5,359 $8,067 $8,215 $5,157 $7,877 $7,301 $5,653 $7,911 $7,322 $6,133 yr1 yr2 yr3 yr4 $7,557 $8, On average the freshman class in 0809 received $2856 more in total Institutional grant aid than in September What we thought was going to happen $40,000 Projected Student Debt by Total Enrollment - University $35,000 $35,140 $40,000 $35,627 $34,495 $30,000 $25,000 $25,955 $25,324 $35,000 $30,000 $25,704 $24,596 $35,312 $20,000 $15,000 $8,487 $12,614 $17,107 $18,851 $25,000 $20,000 $15,000 $8,487 $17,107 $15,629 $16,638 $25,506 $10,000 $5,000 $6,413 $10,000 $6,413 $7, $ $5, yr1 yr2 yr3 yr $- yr1 yr2 yr3 yr

6 Solutions to Mitigate Enrollment Risks Strengthening the EXPERIENCE Award Adjustments ($2.4 million) Maximize Perkins awards Increase awards by $ $4000 for students <75k previously denied PLUS Financial Planning Grants ($2 million) Customized planning grants ranging from $1,000 - $6000 Increase institutional caps Discount for annual payers Access to Education Grants ($2 million) Reports on loan denials will be run on a daily basis Institutional funds will be provided to reduce individual balances to minimum of $3,000 These awards will be reviewed for renewability in 2009 Entering Class Entering Class of Sept. 06 of Sept. 07 Difference PVD 68.4% 73.2% +4.8% NMI 62.6% 67.8% +5.2% DEN 64.2% 74.5% +10.3% CLT 69.4% 75.7% +6.3% University 67.3% %

Student Loans. Introduction

Student Loans. Introduction Introduction Student Loans Loans are far and away the single largest aid program available to students. In the 2003-2004 academic year, nearly $67 billion was delivered in the form of loans to students.

More information

Types of Financial Aid

Types of Financial Aid Types of Financial Aid The Financial Aid Office at SUNY Maritime College assists students in financing their education by offering financial assistance in the form of scholarships, grants, loans and work-study

More information

Private Education Loan Preferred Lender List

Private Education Loan Preferred Lender List Private Education Loan Preferred Lender List The following is Corinthian College, Inc. s ( CCI ) preferred lender list for private education loans. Borrowers who are interested in obtaining private education

More information

Financial Aid Tips Applying for and Receiving College Assistance

Financial Aid Tips Applying for and Receiving College Assistance Financial Aid Tips Applying for and Receiving College Assistance What is Financial Aid? Financial aid is money intended to help students pay for their educational expenses. Typically, aid packages contain

More information

FINANCIAL AID OFFICE OF FINANCIAL AID FINANCIAL AID POLICIES AND PROCEDURES ELIGIBILITY REQUIREMENTS FOR FINANCIAL AID APPEALS PROCESS

FINANCIAL AID OFFICE OF FINANCIAL AID FINANCIAL AID POLICIES AND PROCEDURES ELIGIBILITY REQUIREMENTS FOR FINANCIAL AID APPEALS PROCESS FINANCIAL AID OFFICE OF FINANCIAL AID FINANCIAL AID POLICIES AND PROCEDURES ELIGIBILITY REQUIREMENTS FOR FINANCIAL AID APPEALS PROCESS COSTS OF ATTENDANCE AND BUDGETS CREDIT BALANCES ACADEMIC REQUIREMENTS

More information

Student Financial Services Educational Loan Borrowing

Student Financial Services Educational Loan Borrowing Student Financial Services Educational Loan Borrowing 2 nd Special Interest Session 2012-2013 NSO Federal Student Direct Loan Application for federal student direct loans is done by submitting a Free Application

More information

Paying For College Strategies

Paying For College Strategies 2014 Counselor Training Paying For College Strategies after all of the student s free money has been exhausted OASFAA is a non-profit organization OASFAA has provided the information today as a free service

More information

FINANCIAL AID for Junior Parents: The Basics. April 22, 2015

FINANCIAL AID for Junior Parents: The Basics. April 22, 2015 FINANCIAL AID for Junior Parents: The Basics April 22, 2015 What is Financial Aid? Cost of Attendance (COA) - Expected Family Contribution (EFC) Student s Financial Need (eligibility) Financial Aid --

More information

Financial Aid: Paying for College. Husky for a Day. October 23, 2015

Financial Aid: Paying for College. Husky for a Day. October 23, 2015 Financial Aid: Paying for College Husky for a Day October 23, 2015 Kay Lewis, Assistant Vice Provost, Enrollment Executive Director of Financial Aid and Scholarships UNDERGRADUATE AID OVERVIEW 2014-15

More information

Ithaca College Response to the Common Data Set, 2015-16

Ithaca College Response to the Common Data Set, 2015-16 H. FINANCIAL AID Aid Awarded to Enrolled uates H1. Enter total dollar amounts awarded to full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question

More information

Financial Aid. State University of New York Maritime College Accepted Students Day

Financial Aid. State University of New York Maritime College Accepted Students Day State University of New York Maritime College Accepted Students Day Financial Aid Presented by: Wen Juan Huang, Acting Director Leilanni Rodriguez, Assistant Director Financial Aid Overview Federal and

More information

Learning the Language of Financial Aid

Learning the Language of Financial Aid Learning the Language of Financial Aid An Introduction to Financial Aid Terminology and Basics BHS Guidance Office How do I pay for college? Family support Savings Work Grants Scholarships Loans Financial

More information

Common Data Set 2015-2016

Common Data Set 2015-2016 H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Common Data Set 2015-2016

Common Data Set 2015-2016 H. FINANCIAL AID Data will be available in April 2016. Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates

More information

Need-based $ (Exclude non-needbased. meet need.)

Need-based $ (Exclude non-needbased. meet need.) H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Common Data Set. Section H. Financial Aid Final - Academic Year 2014 University of Kansas

Common Data Set. Section H. Financial Aid Final - Academic Year 2014 University of Kansas Section H. Financial Aid CDS H1. Total dollar amounts of aid awarded to enrolled full-time and part-time undergraduates: Which needs analysis methodology does the university use in awarding institutional

More information

Racer Aid. Murray State University Financial Aid Guide for Families

Racer Aid. Murray State University Financial Aid Guide for Families Racer Aid Murray State University Financial Aid Guide for Families Work-study provides students the opportunity to work while going to school. Numerous offices on campus offer employment opportunities.

More information

Student loan terms to know

Student loan terms to know Definition of words related to federal student loans and the Nelnet payment process. Accrue The act of interest accumulating on the borrower s principle balance. Aggregate Loan Limit The maximum total

More information

FINANCIAL AID VOCABULARY

FINANCIAL AID VOCABULARY Award Letter Notification of the terms and requirements of the financial aid package offered by a college. College Scholarship Service (CSS) Profile A financial aid application, in addition to the FAFSA,

More information

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H.

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H. H. FINANCIAL AID Please refer to the following financial aid definitions when completing Section H. Awarded aid: The dollar amounts offered to financial aid applicants. Financial aid applicant: Any applicant

More information

H. FINANCIAL AID. $8,201,055 H1 State (i.e., all states, not only the state in which your institution is located)

H. FINANCIAL AID. $8,201,055 H1 State (i.e., all states, not only the state in which your institution is located) H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Accepted Student Reception Financial Aid Presentation. March 29, 2015

Accepted Student Reception Financial Aid Presentation. March 29, 2015 Accepted Student Reception Financial Aid Presentation March 29, 2015 Understanding Your Financial Aid Award Letter Screen shot of award letter here Screen shot of award letter here Estimated costs and

More information

Federal Student Financial Aid: 2011 National Profile of Programs in Title IV of the Higher Education Act

Federal Student Financial Aid: 2011 National Profile of Programs in Title IV of the Higher Education Act Federal Student Financial Aid: 2011 National Profile of Programs in Title IV of the Higher Education Act Overview...2 The Federal Pell Grant Program...5 The Federal Supplemental Educational Opportunity

More information

A guide to college financial aid

A guide to college financial aid MFS Investment Management A guide to college financial aid When savings aren t enough Making college affordable For many Americans, paying for a college education trails only a home purchase as the largest

More information

Benchmarks: Measures of College Affordability and Student Aid in North Carolina. May 2006. An Update to the Study Published December 2004

Benchmarks: Measures of College Affordability and Student Aid in North Carolina. May 2006. An Update to the Study Published December 2004 Benchmarks: Measures of College Affordability and Student Aid in North Carolina May 2006 An Update to the Study Published December 2004 The State Education Assistance Authority is pleased to make available

More information

The choice is clear. FINANCIAL AID: LOWER THE COST OF HIGHER EDUCATION

The choice is clear. FINANCIAL AID: LOWER THE COST OF HIGHER EDUCATION The choice is clear. FINANCIAL AID: LOWER THE COST OF HIGHER EDUCATION HOW TO APPLY FOR FINANCIAL AID The Free Application for Federal Student Aid (FAFSA) serves as the application for all federal, state

More information

Financial Aid Workshop. Vicki Hendrickson, Director The University of Tulsa Vicki-Hendrickson@utulsa.edu

Financial Aid Workshop. Vicki Hendrickson, Director The University of Tulsa Vicki-Hendrickson@utulsa.edu Financial Aid Workshop Vicki Hendrickson, Director The University of Tulsa Vicki-Hendrickson@utulsa.edu 1 Different Types of Financial Assistance Outside Scholarship: Outside scholarships are various forms

More information

Best Colleges 2015 Financial Aid Statistical Survey. University of South Carolina (3448, 3, 2) 05/01/2015

Best Colleges 2015 Financial Aid Statistical Survey. University of South Carolina (3448, 3, 2) 05/01/2015 Best Colleges 2015 Financial Aid Statistical Survey University of South Carolina (3448, 3, 2) 05/01/2015 If you have any questions, please contact the data collector assigned to your school, Aleandra Harris,

More information

Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID

Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking

More information

Florida A&M University Student Orientation. Office of Financial Aid

Florida A&M University Student Orientation. Office of Financial Aid Florida A&M University Student Orientation Office of Financial Aid Office of Financial Aid Mission Statement The mission of the Office of Financial Aid is to provide access to financial resources in a

More information

FAQ s on Direct Lending

FAQ s on Direct Lending FAQ s on Direct Lending Q1: Why is the University of Houston switching to direct loans? A: On Thursday March 30, 2010 President Obama signed the Health Care and Education Reconciliation Act of 2010 (H.R.

More information

Common Data Set 2014-2015

Common Data Set 2014-2015 Aid Awarded to Enrolled uates H1. Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, total

More information

Navigating the World of College Student Financial Aid An Overview

Navigating the World of College Student Financial Aid An Overview Navigating the World of College Student Financial Aid An Overview Centenary College January 2015 Introduction If you are a student (or the parent of a student) who is about to embark on a journey into

More information

Aid Awarded to Enrolled Undergraduates

Aid Awarded to Enrolled Undergraduates Common Data Set H: Financial Aid (2010-2011) Instructions and Help Glossary of Terms Aid Awarded to Enrolled uates H1 Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking

More information

Presented by: Hayato Suzuki Director of Financial Aid

Presented by: Hayato Suzuki Director of Financial Aid Presented by: Hayato Suzuki Director of Financial Aid Types and sources of aid When and how to apply Completing the FAFSA How to recognize and avoid scams Other college financing options Determine financial

More information

Financial Aid Presentation

Financial Aid Presentation Enrollment Services Financial Aid Presentation Our office encompasses the following areas: Recruitment Admissions Financial Aid Student Accounts StudentFinance.Southern.Edu Financing College Can I afford

More information

Student Financial Aid

Student Financial Aid Student Financial Aid David P. Pearlman D. Ed Director of Student Aid @ Penn State Altoona Shannon Hawkins Assistant Director of Student Aid @ Penn State Altoona What will you consider when looking at

More information

2014 STUDENT AFFORDABILITY REPORT

2014 STUDENT AFFORDABILITY REPORT 2014 STUDENT AFFORDABILITY REPORT January 2014 Prepared for the State Board of Higher Education Table of Contents Overview of Report... 1 Tuition and Mandatory Fees... 3 Total Estimated Student Cost...

More information

Terms and Conditions of Title IV, HEA Loans

Terms and Conditions of Title IV, HEA Loans 10.3.4 Federal Direct Subsidized Stafford Loan Program The Federal Subsidized Stafford Loan Program provides low interest deferred payment loans to undergraduate and graduate students who demonstrate financial

More information

Common Data Set 2008-09 H. FINANCIAL AID

Common Data Set 2008-09 H. FINANCIAL AID H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Racer Aid. Murray State University Financial Aid Guide for Families

Racer Aid. Murray State University Financial Aid Guide for Families Racer Aid Murray State University Financial Aid Guide for Families Work-study provides students the opportunity to work while going to school. Numerous offices on campus offer employment opportunities.

More information

Student Aid Program Summary

Student Aid Program Summary Student Aid Program Summary Most federal student aid is need-based, taking into account an expected family contribution (EFC). Need-based financial aid comes in three basic types: 1. Grants and scholarships,

More information

Financial Aid Seminar

Financial Aid Seminar Financial Aid Seminar What is financial aid? What are the sources of financial aid? How will colleges determine your eligibility for aid? When and how do you apply for aid? Principles of Financial Aid

More information

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE Funded by the Education Services Foundation, our mission is to help Mississippi students plan and pay for college. Jackson: 601.321.5533 Gulf Coast: 228.875.4441

More information

Common Data Set 2010-11 H. FINANCIAL AID

Common Data Set 2010-11 H. FINANCIAL AID H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

PREPARING FOR YOUR COLLEGE EDUCATION. A guide to understanding financial aid and how to pay for college.

PREPARING FOR YOUR COLLEGE EDUCATION. A guide to understanding financial aid and how to pay for college. PREPARING FOR YOUR COLLEGE EDUCATION A guide to understanding financial aid and how to pay for college. What we re going to cover What conversations have you had about paying for school? How to plan for

More information

ELON UNIVERSITY: Common Data Set 2007-2008 H. FINANCIAL AID

ELON UNIVERSITY: Common Data Set 2007-2008 H. FINANCIAL AID ELON UNIVERSITY: Common Data Set 2007-2008 H. FINANCIAL AID Please refer to the following financial aid definitions when completing Section H. Awarded aid: The dollar amounts offered to financial aid applicants.

More information

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H.

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H. H. FINANCIAL AID Please refer to the following financial aid definitions when completing Section H. Awarded aid: The dollar amounts offered to financial aid applicants. Financial aid applicant: Any applicant

More information

The Financial Aid Application Process and Frequently Asked Questions

The Financial Aid Application Process and Frequently Asked Questions The Financial Aid Application Process and Frequently Asked Questions Step 1 - To apply for financial aid, a student must complete the Free Application for Federal Student Aid (FAFSA) each year. Students

More information

How do you receive financial aid?

How do you receive financial aid? What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS How

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know Presented by: Michelle Anderson Associate Vice President for Enrollment Washington & Jefferson College Presentation Topics What is financial aid? Financial need calculation

More information

Summer Financial Aid Information and Application

Summer Financial Aid Information and Application Summer Financial Aid Information and Application Read through the following information to help answer questions regarding your application for summer financial aid. What steps do I need to complete in

More information

Student Loan ABCs. As trusted financial advisers, CPAs are in a position where clients, friends and family ask about

Student Loan ABCs. As trusted financial advisers, CPAs are in a position where clients, friends and family ask about Student Loan ABCs As trusted financial advisers, CPAs are in a position where clients, friends and family ask about college financing or, more specifically, about student loans. But which one do you recommend?

More information

NATIONAL STUDENT AID PROFILE: OVERVIEW OF 2015 FEDERAL PROGRAMS

NATIONAL STUDENT AID PROFILE: OVERVIEW OF 2015 FEDERAL PROGRAMS NATIONAL STUDENT AID PROFILE: OVERVIEW OF 2015 FEDERAL PROGRAMS Published July 2015 Table of Contents Overview... 1 The Federal Pell Grant Program... 4 Campus-Based Aid Programs... 6 The Federal Supplemental

More information

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry Monday, January 5, 2014 Slide 1 Agenda Financial Aid Cost of Attendance

More information

WINNING AT THE COLLEGE FINANCIAL AID GAME

WINNING AT THE COLLEGE FINANCIAL AID GAME Helping Yourself. Helping Your Parents. Helping Your Children. By the numbers WINNING AT THE COLLEGE FINANCIAL AID GAME With college expenses having risen significantly, financial aid can be a critical

More information

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money

More information

FINANCIAL AID REPORT 2009-2010 DECEMBER 2, 2010

FINANCIAL AID REPORT 2009-2010 DECEMBER 2, 2010 FINANCIAL AID REPORT 2009-2010 DECEMBER 2, 2010 1560 Broadway, Suite 1600 Denver, Colorado 80202 (303) 866-2723 D. RICO MUNN, EXECUTIVE DIRECTOR 1 BACKGROUND Student financial aid is an important resource

More information

FINANCIAL AID APPLICATION PROCESS. Determine your estimated eligibility. Complete application worksheet. Transmit application on-line

FINANCIAL AID APPLICATION PROCESS. Determine your estimated eligibility. Complete application worksheet. Transmit application on-line FINANCIAL AID QUALIFICATIONS What are the qualifications to receive Financial Aid? In order to qualify, you must: Be accepted for admissions; Be in good academic standing; For most programs, demonstrate

More information

Invest in Education By Scott Niederjohn

Invest in Education By Scott Niederjohn By Scott Niederjohn Education as Human Capital Investment takes many forms. One form is the development of human capital the knowledge, skills, health, and values that individuals possess. People develop

More information

Annual Survey of Colleges 2010

Annual Survey of Colleges 2010 Page 1 of 9 Print Close Annual Survey of Colleges 2010 South Dakota State University (SD) 354 B. Enrollment and Persistence CDS B1. Institutional Enrollment - Men and Women. Provide numbers of students

More information

How to Pay for College. Financial Aid & Scholarships

How to Pay for College. Financial Aid & Scholarships How to Pay for College Financial Aid & Scholarships What is FAFSA? FAFSA stands for what? FREE APPLICATION FOR FEDERAL STUDENT AID What is Financial Aid? Grants Work Study Loans Loans for both students

More information

The formula to determine eligibility for a subsidized Stafford loan is as follows:

The formula to determine eligibility for a subsidized Stafford loan is as follows: FFELP Loan Amount Eligibility Scenarios Below are various loan eligibility scenarios. In every case you will see that the aid offered never exceeds the cost of attendance. Remember that for both the Stafford

More information

Managing the Price of College. SUNY NEW PALTZ Office of Financial Aid

Managing the Price of College. SUNY NEW PALTZ Office of Financial Aid Managing the Price of College SUNY NEW PALTZ Office of Financial Aid OVERVIEW OF PRESENTATION Key trends in costs and funding Traditional and Non-Traditional ways of paying for college How to determine

More information

Winning at the college financial aid game

Winning at the college financial aid game Winning at the college financial aid game By the numbers Average tuition and fees per year for four-year colleges in 2006-07: 1 Private institutions: $30,367, up 4.6% from the previous year Public colleges:

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of of Student Financial Aid Administrators What You Need to Know about Financial Aid NASFAA 2012 2013 Slide 1 Topics We Will Discuss Tonight What is financial aid? Categories, types,

More information

Loan Programs that allow you to finance all or part of college costs, including the cost of purchasing a personal computer.

Loan Programs that allow you to finance all or part of college costs, including the cost of purchasing a personal computer. Financing Options An education at one of the nation s top art colleges is an investment in your future. Once you have determined that MICA is the place for you, our staff will work with you to help make

More information

The College Scholarship Profile (CSS), Financial Aid PROFILE and Arizona Assurance

The College Scholarship Profile (CSS), Financial Aid PROFILE and Arizona Assurance The College Scholarship Profile (CSS), Financial Aid PROFILE and Arizona Assurance Arezu Corella, Assistant Director Arizona Assurance Scholars Program Meghan McKenney, Senior Program Coordinator Office

More information

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year AGENDA Costs Types of Aid Tips for Being a Wise Consumer How Need Based Aid is Calculated Forms Award Letters Rules for Survival 1 Prices Before Financial Aid University of CT Resident University of RI

More information

Loan Counseling Presentation

Loan Counseling Presentation Loan Counseling Presentation Financing Options Federal Stafford Loans In Student s name Subsidized Unsubsidized Federal Parent Loans for Undergraduate Students (PLUS) In Parent s name Maximum Annual Loan

More information

Introduction to Financial Aid: An Overview for High School Students and Parents. presented by: Hayato Suzuki Director of Financial Aid

Introduction to Financial Aid: An Overview for High School Students and Parents. presented by: Hayato Suzuki Director of Financial Aid Introduction to Financial Aid: An Overview for High School Students and Parents presented by: Hayato Suzuki Director of Financial Aid Tonight s Topics Types and sources of aid How financial need is determined

More information

FINANCIAL AID & SCHOLARSHIPS

FINANCIAL AID & SCHOLARSHIPS FINANCIAL AID & SCHOLARSHIPS 2013-2014 At Carroll, we are committed to providing the highest quality education at an affordable price. Our goal is to allocate $34 million to over 2,800 students as fairly

More information

What You Need to Know About Financial Aid. Office of Financial Aid

What You Need to Know About Financial Aid. Office of Financial Aid What You Need to Know About Financial Aid Office of Financial Aid 1 Tonight s Topics What is Financial Aid Cost of Attendance (COA) Expected Family Contribution (EFC) Financial Need Types & Sources of

More information

Jack Edwards Director, Financial Aid Stanford Graduate School of Business

Jack Edwards Director, Financial Aid Stanford Graduate School of Business Jack Edwards Director, Financial Aid Stanford Graduate School of Business Disclaimer This session is specific to how Stanford, GSB students borrowing trends when comparing Private vs. Graduate Plus Loans.

More information

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015 Ohio Wesleyan University High School Financial Aid Presentation November 5 th, 2015 Contact Us for Help Your best source for FREE financial aid information and assistance Assist students with the application

More information

Your guide to finding the funds for college

Your guide to finding the funds for college Your guide to finding the funds for college Get2College counselors can provide you with personalized advice on how to do everything outlined in this booklet. Just call one of our Centers listed on the

More information

College Preparation Handbook Scholarships & Financial Aid

College Preparation Handbook Scholarships & Financial Aid College Preparation Handbook Scholarships & Financial Aid 1 Table of Contents Section Page # Quick Reference 3 Introduction 4 Gateway 6 ASVAB 7 PLAN 8 PSAT / NMSQT 9 SAT 10 ACT 12 AP 13 IB 17 Testing Schedule

More information

FROM HERE, IT S POSSIBLE.

FROM HERE, IT S POSSIBLE. FROM HERE, IT S POSSIBLE. Scholarships & Financial Aid FINANCIAL AID Education Financing FOUR OPPORTUNITIES Opportunity 1: SCHOLARSHIPS Free aid based on student achievement (I.e. grades, activities, service,

More information

NAICU Follow-up Survey on the Impact of the Credit Crunch on Student Loans at Independent Colleges and Universities

NAICU Follow-up Survey on the Impact of the Credit Crunch on Student Loans at Independent Colleges and Universities National Association of Independent Colleges and Universities Introduction NAICU Follow-up Survey on the Impact of the Credit Crunch on Student Loans at Independent Colleges and Universities September

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know South High School December 15, 2014 Sandy Sundstrom St. Olaf College Agenda General Overview and Philosophy of Financial Aid Family Contribution Financial Need Types

More information

COMPONENTS OF AID PACKAGES: WHAT TO EXPECT

COMPONENTS OF AID PACKAGES: WHAT TO EXPECT 23359_ch01.qxd 7/15/04 9:00 AM Page 176 176 Paying for College based grants or scholarships if the institution provides them, may decrease loans in the aid package and increase grants even at an institution

More information

SCHOLARSHIPS AND FINANCIAL AID

SCHOLARSHIPS AND FINANCIAL AID SCHOLARSHIPS AND FINANCIAL AID Scholarships and Financial Aid 259 Lynchburg College is particularly proud to be an institution that has historically welcomed the qualified and motivated student, whatever

More information

Student Loans A comprehensive look at student aid and the various repayment options

Student Loans A comprehensive look at student aid and the various repayment options Student Loans A comprehensive look at student aid and the various repayment options How Much Does College Cost? According to the Bureau of Labor Statistics and the US Department of Labor, the average cost

More information

! The concept of a school that is the right fit has to. ! Parents and students need to study the prices and

! The concept of a school that is the right fit has to. ! Parents and students need to study the prices and #$%& Trends Costs How Colleges Determine Aid Awards Forms Award Letters Appeals What s Next? Percent Changes In CPI 2003-2013 100 80 60 40 20 How Fast Has College Tuition Grown? 22.8 5.6 6 0 Women s Men

More information

Legal Education Institute Financial Aid Sourcebook

Legal Education Institute Financial Aid Sourcebook Legal Education Institute Financial Aid Sourcebook A Publication of Widener University School of Law Office of Financial Aid 2015/2016 Widener University Legal Education Institute Financial Aid Office

More information

Affordability Indicators: Price, Financial Aid, & Student Debt. In the Montana University System

Affordability Indicators: Price, Financial Aid, & Student Debt. In the Montana University System Affordability Indicators: Price, Financial Aid, & Student Debt In the Montana University System Office of the Commissioner of Higher Education 2014 Price, Financial Aid, & Student Debt In the Montana University

More information

Measures of College Affordability and Student Aid in North Carolina. Analysis by Laura Greene Knapp Education Research Consultant.

Measures of College Affordability and Student Aid in North Carolina. Analysis by Laura Greene Knapp Education Research Consultant. Benchmarks: Measures of College Affordability and Student Aid in North Carolina Analysis by Laura Greene Knapp Education Research Consultant for the North Carolina State Education Assistance Authority

More information

Student Debt and the Rising Cost of College

Student Debt and the Rising Cost of College Student Debt and the Rising Cost of College GRANT BLACK SHARON LAUX CENTER FOR ENTREPRENEURSHIP AND ECONOMIC EDUCATION UNIVERSITY OF MISSOURI-ST. LOUIS Special thanks to Anne Winkler, Economics & Public

More information

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows Sherri Avery Director of Financial Aid and Student Employment Brandeis University savery@brandeis.edu Agenda Pros and cons

More information

Financial Aid Discussion. December 13, 2012

Financial Aid Discussion. December 13, 2012 Financial Aid Discussion December 13, 2012 Discussion Topics Forms and Deadlines Net Price Calculator IRS Data Retrieval Expected Family Contribution (EFC) Financial Need Aid Types Award Notification Special

More information

Best Colleges 2015 Financial Aid Statistical Survey. University of South Florida (1537, 1, 2) 04/22/2015

Best Colleges 2015 Financial Aid Statistical Survey. University of South Florida (1537, 1, 2) 04/22/2015 Best Colleges 2015 Financial Aid Statistical Survey University of South Florida (1537, 1, 2) 04/22/2015 If you have any questions, please contact the data collector assigned to your school, Joslyn Bloomfield,

More information

Financial Aid. Eligibility Requirements for Federal Student Aid. University of California, Irvine 2015-2016 1. On This Page:

Financial Aid. Eligibility Requirements for Federal Student Aid. University of California, Irvine 2015-2016 1. On This Page: University of California, Irvine 2015-2016 1 Financial Aid On This Page: Financial Aid Eligibility Requirements for Federal Student Aid UCI Policies on Satisfactory Academic Progress for Financial Aid

More information

Financial Aid 2014-15

Financial Aid 2014-15 Financial Aid 2014-15 Office of Financial Aid (315) 781-3315 Geneva, NY 14456 www.hws.edu Financial Aid at HWS At Hobart and William Smith, we have a unique approach to financial aid, one rooted in collaboration

More information

Types of Financial Aid Programs

Types of Financial Aid Programs Students may apply for various need and non-need based programs to assist in paying for the expenses related to attending school. Financial Aid generally consists of a combination of grants and loans which

More information

MONEY MATTERS Financial Aid & TOPS

MONEY MATTERS Financial Aid & TOPS MONEY MATTERS Financial Aid & TOPS How to Apply: The FAFSA Complete FAFSA at www.fafsa.gov 2014-2015 for Sum 14, Fall 14, Spring 15 Deadlines: May 1: Financial Aid July 1: TOPS Must be completed each school

More information

SUNY Financial Aid Day. University at Buffalo February 22, 2014

SUNY Financial Aid Day. University at Buffalo February 22, 2014 SUNY Financial Aid Day University at Buffalo February 22, 2014 Agenda SESSION 1: Presentation and Q&A 9:00 9:45 am Complete your on-line FAFSA and TAP applications 9:45 10:45 SESSION 2: Presentation and

More information

Financial Solutions For Families

Financial Solutions For Families COLLEGE LITERACY ACADEMY A Family Guide On Paying For College Financial Solutions For Families Understanding How To Pay For College (Second Edition) Copyright 2010, 2011 By: Educational Literacy Center

More information

FINANCIAL AID UPDATE. Jill Rayner University of North Georgia

FINANCIAL AID UPDATE. Jill Rayner University of North Georgia FINANCIAL AID UPDATE Jill Rayner University of North Georgia Agenda Federal Student Aid HOPE Scholarship Private Scholarship Other Aid How aid effects Chapter 33 benefits Applying For Financial Aid Free

More information

Glossary Financial Aid & Student Loan Terms

Glossary Financial Aid & Student Loan Terms Glossary Financial Aid & Student Loan Terms A Academic year A period of time schools use to measure a quantity of study. For example, a school s academic year may consist of a fall and spring semester,

More information