The Language of Financial Aid

Slides:

Advertisements

Similar presentations

FINANCIAL AID BASICS. TYPES OF FINANCIAL AID SCHOLARSHIPS – INSTITUTIONAL – LOCAL – NATIONAL GRANTS – FEDERAL (Pell) TEACH – STATE WORK STUDY LOANS –

Advertisements

Financial Aid 101 What to Know - The Basics. Financial Aid Terms FAFSA EFC COA NPC Work-Study Loans.

Planning for College: A Consumer Approach to the Higher Education Marketplace.

Financial Aid Financial aid provides money so you can continue your education.

Applying for Financial Aid Is it Worth the Trouble? Yes! More than $3 billion was awarded to students attending college in Texas.

Understanding Your Financial Aid Package Spring Open Campus 2013 Wellesley College Student Financial Services Scott Juedes, Director.

Marc Geslani, Higher Education Manager, MRO MOACAC 2011 – St. Louis April 11, 2011.

Financial Aid 101 Wednesday, August 27, 2014 Department of Guidance and Counseling.

Preparing for the Cost of College Average Tuition & Fees Cost (2013/14) –$3,215 / year for in-state public college (2-year) –$11,600 / year for in-state.

GRADUATE x119 College Costs, Financial Aid & Savings Options for Parents of High School Students Presented.

Financial Aid Information Session Discover Wellesley Fall 2012 Wellesley College Student Financial Services.

College Financial Aid Night

What You Need to Know About Financial Aid. Topics We Will Discuss Tonight What is financial aid? How do you apply? Forms? Deadlines? How is eligibility.

Now that I’ve applied to college… how do I pay for it?  Grants and scholarships – money that you do not have to pay back  Work-Study – your college can.

Financial Aid Basics for Parents Chad A. Spencer Associate Dean Office of Admission and Financial Aid.

Georgetown High School Agenda Understanding costs pertaining to higher education Identifying financial resources and assistance Submitting the.

Understanding Your Financial Aid Package Spring Open Campus 2012 Wellesley College Student Financial Services Scott Juedes, Director.

Costs of College High School Financial Literacy #1.

September 23, 2015 Top 10 Things You Must Know About Financial Aid Glenn HS Presentation.

The Value of a Wellesley Education Junior Open Campus 2012 Parent Information and Financial Aid Session Karensa MacGregor ’07, Assistant Director Student.

MORGAN A. KELLY DIRECTOR, STUDENT FINANCIAL ASSISTANCE SACRED HEART UNIVERSITY College Financial Aid Night.

Financial Aid 101 Wednesday, August 27, 2014 Department of Guidance and Counseling.

Welcome! Heidi Markey; Associate Director Erika Walters; Financial Aid Advisor University of Denver.

College Access: Emphasis on Financial Aid What, Where, How (Oh my!)

Parkway North High School College Information.  Parkway JR/SR College Night Thursday, September 11 th (6:30 pm)  Parkway College Fair- South High Tuesday,

“Principles and Practices of Clear Financial Aid Communication” College Board Forum Washington, DC November 6, 2015.

College and Financial Aid. College Planning and Financial Aid Websites Pennsylvania Higher Education Assistance Authority (PHEAA)

Financing Your College Education Information for college-bound students and their families Presented by Seattle University.

Top 10 Things to Know About Financial Aid for College Jerry Cebrzynski Director of Financial Aid, Lake Forest College.

Financial Aid for Bursars

Financial Aid 101 Fall 2016.

A presentation by the College Funding Project

©2016 Discover Bank. Member FDIC

Financial Aid: The Basics

Questions that we will answer in this presentation

FINANCIAL AID 101… Ann Marie Gruber

Funding a College Education

FINANCIAL AID 101 MONEY FOR COLLEGE!.

Financial Aid and Scholarships

HAHS Guidance / J M Samoyedny

Financial Aid Is… …money from federal, state, and private institutions used to pay for college costs. …this may be in the form of loans, grants, and/or.

FINANCIAL AID & THE COLLEGE DECISION PROCESS

College Financial Aid Night

What are the sources of financial aid?

Presented by College Access Fairfax

Education Beyond High School Financial Aid Presentation

What You Need to Know Financial Aid for High School Families

Jill Altshuler Reservoir High School

Presenter: Shawn Denman - Assistant Director University of Rochester

Presented by College Access Fairfax

Financial Literacy Coordinator

Parkway North High School

FINANCIAL AID 101 MONEY FOR COLLEGE!.

Late-Stage College Planning Strategies You Don’t Know About But Should

Washington University in St. Louis

College Financial Aid Night

Linda K. Shirey Director of Financial Aid Hiram College

Welcome 12th Grade Families!

Financial aid presentation Carmel High School

Washington University in St. Louis

Financial Assistance 101 Jeff Herman Senior Associate Director

Understanding your Award Spring Open Campus April 8-9, 2019

Bait- Picture it, the excitement of college, move in day, new friends and experiences. Pitfall- Every year students miss out on this dream, families take.

Financial Aid for Bursars

Financial Literacy Coordinator

Financial Aid Basics The REAP Scholarship is just one way your child can get help to pay for college. There is a lot of help out there! When your child.

Financial Aid 101 Fall 2019.

Presentation transcript:

The Language of Financial Aid College Board Forum New York City, NY October 27, 2011

The Language of Financial Aid C. Anthony Broh, Broh Consulting Services, LLC Alison Rabil, Asst. Vice Provost, Duke University

Higher Ed’s Own Language Cost Language Price Language Financial Aid Speak Payment Language

Some Graphic Background

Some Graphic Background

Some Graphic Background Equivalent Concepts

Higher Ed’s Own Language Cost Language Price Language Financial Aid Speak Payment Language

Cost Language How much does it COST to provide one year of education for one person?

Institutional Cost Trends

Higher Ed’s Own Language Cost Language Price Language Financial Aid Speak Payment Language

Price Language What is the PRICE a student pays in a “Comprehensive Fee” of Tuition, Fees, Room, Board each year?

Price Trends

Higher Ed’s Own Language Cost Language Price Language Financial Aid Speak Payment Language

Financial Aid Speak How much does this FINANCIAL AID package do to help a student pay for college this year?

Financial Aid Speak Expected Family Contribution Student Budget Award Package Gap Merit-based Aid Need-based Aid Need Need-blind Admissions

Financial-Aid Speak Evolve from the work that Financial Aid Administrators do Are accurate for an earlier era Are Institution centered Are not consumer friendly Are often misunderstood Are sometimes misleading

Higher Ed’s Own Language Cost Language Price Language Financial Aid Speak Payment Language

Payment Language What is the PAYMENT a family will make for each year of college?

Payment Language Price of Attendance Net Price Scholarships Grants Family Resources Student Resources Parent Resources Past Resources Current Resources Future Resources

Payment Language

Discussion 1: Jobs

Discussion 2: Loans

Discussion 3: Debt

The Language of Financial Aid C. Anthony Broh, Broh Consulting Services, LLC Alison Rabil, Asst. Vice Provost, Duke University

What can financial aid do? Provide translations: Net Price Calculator Disseminate information in a variety of ways Tailor information to different audiences. Standardize award letters

What can guidance counselors do? Learn how financial aid works Create partnerships with area colleges and universities Tell financial aid administrators what you need and how you need it Teach families how to navigate the system and manage the process.

What should parents and students do? Research which schools are the “best fit” Research financial aid policies Apply by the deadline Conduct family discussion about priorities in choosing a college and obligations in paying for a college

What should parents and students do? Compare calculated parent contributions and loan amounts Discuss the financial aid package with the school you want to attend Prepare to explain financial circumstances not represented in the forms you filled out.

The Language of Financial Aid C. Anthony Broh, Broh Consulting Services c.anthony@broh.com Alison Rabil, Asst. Vice Provost, Duke University alison.rabil@duke.edu