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Next Generation of Financial Aid Notifications

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Presentation on theme: "Next Generation of Financial Aid Notifications"— Presentation transcript:

1 Next Generation of Financial Aid Notifications
October 18, 2018

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3 70 employees Oversees public 4 year institutions in WV 10 institutions 65,000 students 9 employees Oversees public 2 year institutions in WV 9 institutions 18,878 students

4 Division of Financial Aid
Process state financial aid programs Over 150 outreach events a year Federal and state financial aid training Audit of state aid programs

5 State Financial Aid Programs Funding Levels
PROMISE Scholarship $47,500,000 Higher Education Grant $40,619,864 Higher Education Adult Part-Time Student Grant $5,011,298 Engineering, Science and Technology Scholarship $452,831 Underwood-Smith Teacher Scholarship and Loan Assistance $328,349 WV Center for Nursing $425,000 Total $94,337,342

6 Award Notifications

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12 Issues Returned mail with or without a forwarding address or bounced back s Didn’t know if the student opened or read the information whether mail or

13 Verifying contact information Online applications ask students how they want to be contacted via or text Send them a 6 digit code either via or text that they enter back into the application to verify contact information

14 notification

15 Text notification

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18 Notification

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20 Analytics and Reports

21 Data Merit-based scholarship – 94% open rate
Merit-based denial letter – 51% open rate Need-based grant – 63% open rate Industry average is 18%

22 Average time Award Letters Viewed @ 12 minutes

23 Average time before viewing award letter @23 hours

24 Time of Day

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30 Brian Weingart, Senior Director of Financial Aid
Contact Information Brian Weingart, Senior Director of Financial Aid Division of Financial Aid West Virginia Higher Education Policy Commission 1018 Kanawha Boulevard East, Suite 700, Charleston, WV 25301 (304) •


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