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“ TO GIVE AWAY MONEY IS AN EASY MATTER AND IN ANY MAN’S POWER. HOWEVER, TO DECIDE TO WHOM TO GIVE IT, AND HOW LARGE AND WHEN, AND FOR WHAT PURPOSE AND.

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Presentation on theme: "“ TO GIVE AWAY MONEY IS AN EASY MATTER AND IN ANY MAN’S POWER. HOWEVER, TO DECIDE TO WHOM TO GIVE IT, AND HOW LARGE AND WHEN, AND FOR WHAT PURPOSE AND."— Presentation transcript:

1 “ TO GIVE AWAY MONEY IS AN EASY MATTER AND IN ANY MAN’S POWER. HOWEVER, TO DECIDE TO WHOM TO GIVE IT, AND HOW LARGE AND WHEN, AND FOR WHAT PURPOSE AND HOW, IS NEITHER IN EVERY MAN’S POWER – NOR AN EASY MATTER. HENCE IT IS THAT SUCH EXCELLENCE IS RARE, PRAISEWORTHY AND NOBLE.” ARISTOTLE RMASFAA

2 Factors impacting Decision to select a Method Review of Historical Packaging Methods and Today’s Environment Issues that Arise which impact Packaging Discussion of what Works for you and on What you would like help Open Give and Take Discussion RMASFAA

3 Cost of Attendance Student Demographics Funds Available Institutional Mission Academic Programs Provided RMASFAA

4 Gift Aid First COA -EFC -Pell = Remaining Need -Scholarship/Grants - Loans/Employment RMASFAA

5 Self-Help First COA -EFC -PELL - Scholarship(s)[n-n based] = Remaining Need -Self-Help (Loan(s) and Empl -Grant RMASFAA

6 Equity Packaging All 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 value Fixed percent equity - % of free money vs. COA RMASFAA

7 AE=$5,000 $10,000 $20,000 COA=10,00020,00040,000 EFC- 5,500 5,500 5,500 Pell Schol- 0 2,00012,000 Remain Need 4,50012,50022,500 Equity Grant 0 2,500 2,500 Self-Help 4,50010,000 10,000 Unmet ,000 RMASFAA

8 PE50%60% 70% COA $10,000 $20,000 $40,000 EFC5,5005,500 5,500 Schol 02,00012,000 Rem Need4,500 12,50022,500 Equity Grnt 04,50010,500 Self-Help4,5008,00010,000 Unmet 0 0 2,000 RMASFAA

9 Takes Fixed Percentage idea to another level by adding in student characteristics beside financial need; Impacts only institutional aid Possible Characteristics Academic AchievementLegacy Student GeographyPenetration Area EthnicityAcademic Major Gender RMASFAA

10 EM %50%60%65% COA $25,000 $25,000 $25,000 EFC 5,000 5,000 5,000 Need20,00020,00020,000 Total Free10,00012,00013,000 Self-Help10,000 8,000 7,000 RMASFAA

11 Large External Resources - GMSVA benefits after awarded but prior to or after disbursement Change in family situation -divorcemedical Change in major (EM model) Massive EFC change due to verification RMASFAA

12 What model do you use & why What would make it better (no more money) Is Financial Need still relevant What does the future hold RMASFAA


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