Financial Aid Update September 2015 Presented by Amber Gallagher, Director of Financial Aid Presented by Amber Gallagher, Director of Financial Aid 1.

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Presentation transcript:

Financial Aid Update September 2015 Presented by Amber Gallagher, Director of Financial Aid Presented by Amber Gallagher, Director of Financial Aid 1

Table of Contents 2 1. Financial Aid Responsibilities 2. Financial Aid Programs 3. Financial Aid Challenges 4. Financial Aid Accomplishments 5. Questions

Financial Aid Responsibilities Our goal is to help students achieve their educational goals by providing eligible students with financial assistance Educate students, parents and the community about financial aid Stay current on all federal and state regulations Assist students with completing the financial aid process 3

Financial Aid Programs 4

5 * *FAFSA’S received as of August 17 th, 2015

Financial Aid Programs 6 *Number of students not meeting Satisfactory Academic Progress (SAP) standards *Long processing time frames ** Students Paid as of August 17, 2015 **

Financial Aid Challenges  New Financial Aid Director started May 27 th, 2014 The Financial Aid Office was without a director for approximately one year  Inherited Challenges Staffing o Training o Hiring of staff - Secretary and Coordinator File processing times – Improved Outdated policy and procedures – Resolved o Procedures Manual – Last Updated in 2012 o Reconciliation o 1040 Forms/Tax Transcripts o Academic Program Declared o District Liability – R2T4 7

Financial Aid Accomplishments  Financial Aid Computer Lab – Opened October 2014 Additional resource to assist students in completing their financial aid application online Approximately 1800 students served  Increased number of informational workshops 20 Workshops offered in Spring 2015 Financial Aid Awareness Fair o Approximately 600 students attended  Staffing Hired 3 new staff members Office closes early on Friday’s to hold staff trainings  Implemented Auto-packager  Electronic Notifications – The Financial Aid Office is going Paperless Notifications are sent to student’s college address Social Media Improved communication with students 8

 Improved file processing times Students are receiving their financial aid quicker First disbursement for Fall students paid Approximately $532,000 Federal Pell Grant First disbursement for Fall students paid Approximately $1.8 million Federal Pell Grant Financial Aid Accomplishments 9 Auto-packager is working!

Financial Aid Accomplishments 10 We have seen a 474 % increase in the number of files processed for 2015/2016

Questions? 11