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Beyond Financial Aid (BFA) – Lumina Foundation Funded Research

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Presentation on theme: "Beyond Financial Aid (BFA) – Lumina Foundation Funded Research"— Presentation transcript:

0 Beyond Financial Aid Initiative at IUPUI
Marvin Smith Director of Student Financial Services and Jason T. Spratt Dean of Students INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

1 Beyond Financial Aid (BFA) – Lumina Foundation Funded Research
Builds on three guiding principles: (1) A large and growing number of postsecondary students face the challenges created by limited resources. In fact, approximately one in three American undergraduates receives a Pell grant and is therefore considered a low income student. (2) When institutions structure and offer all types of financial aid (including nontraditional supports) in a coherent, consumable way, students will persist longer, generate additional revenue for the institution, and graduate at higher rates. (3) Providing these supports in an intentional way is not an impossible dream. Colleges across the country are already doing it and doing it well. INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

2 Six Recommended Strategies To Increase Support Of Low-income Students
Know the low-income students at your institution. Provide supports to help low-income students overcome practical barriers. Bundled, integrated and centralized supports beyond traditional financial aid including food assistance and health care, the provision of financial and career coaching, and implementing on-campus programs to offer services such as automotive repair, tax preparation and legal services. Leverage external partnerships for service delivery on campus. INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

3 Six Strategies To Increase Support Of Low-income Students - Continued
4. Empower low-income students to use available resources Normalize and shift to an “opt-out” model as a default 5. Review your internal processes Reviewing from the perspective of low-income students can help highlight opportunities to revise and streamline those processes in ways that can better meet students’ needs. 6. Implement effective practices to strengthen the academic progression of all students Without integrated supports that stabilize their finances, low-income students are at a particularly high risk of not reaching their education goals. INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

4 Campus Financial Stability Review Committee Formed
Marvin Smith and Jason Spratt (quickly) formed a review committee in March 2016 with representation from across campus including Social Work, JACADA, IRDS, Faculty Council, African-American and Latino Recruitment & Retention Taskforces, etc. Guided by the Lumina BFA self-study tool, the group met four times March through May to develop a faculty and staff workshop to promote student financial stability and success. Group decided that work needed to continue to provide future faculty and staff training opportunities. INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

5 Goals to Support Low Income Student Financial Stability at IUPUI
Bring Awareness Educate Advocate Share info about IUPUI low income students Share best practices in serving group Share IUPUI practices in serving group Explore gaps where students could be better served Examine ways to collaborate and improve Plan to improve gaps INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

6 Goals to Empower Faculty and Staff to Empower Students
Identify key offices, people, and resources for referral Stay informed as resources change Promote underutilized resources Refer to public assistance programs as appropriate Enhance community organization partnerships Identify any available school or department resources Utilize peer-to-peer support and education Identify improved coordination opportunities INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS

7 First Faculty and Staff Seminar: Best Practices to Assist Low-Income Student Success at IUPUI
Presenters from Division of Student Affairs Student Financial Services Institutional Research and Decision and Support Office of Twenty-First Century Scholars Support Programs More than 100 attendees at a May 24 event Good feedback and interest in continuing conversations from JACADA and other attendees About a dozen volunteers for future work Presentation on IRDS website

8 Faculty & Staff Training Seminar
Second Faculty and Staff Seminar Scheduled: Low-Income Student Success Interventions at IUPUI Faculty & Staff Training Seminar Student Financial Services Division of Student Affairs Institutional Research and Decision Support Twenty-First Century Scholars Support Programs Tuesday, September 27 9am-10:30am Campus Center Theater

9 Website/Canvas Site Development
A potential website for student success… Website/Canvas Site Development Emergency Resources Financial Housing Health Childcare Academics Advising This website has a great layout. We could make it our own. Food Employment Transportation IUPUI and Community Resources Miscellaneous

10 Moving Forward/Discussion
Student Affairs/Financial Services Partnership Social Work Engagement Student Engagement Newsletters? Leadership/Taskforce? Resources? Welcoming Campus Connection? Lumina Connection? INDIANA UNIVERSITY–PURDUE UNIVERSITY INDIANAPOLIS


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