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Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

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Page 1: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Sailing away the winter blues with ISFAA …2015 Winter Conference

Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Page 2: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

The problem

INEXPERIENCE• First gen• 53% Pell

recipients

RED TAPE• Fed level• State level• Institutional level

Page 3: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

The solution?Department of Education’s Shopping Sheet

Page 4: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

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Page 5: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section I: Missing Items

Page 6: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section II: Cost of Attendance

Page 7: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section III: Gift AidTuition

+ Housing

+ Books

– Aid =

NET PRICE!

Page 8: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

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Page 9: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section IV: Self-Help

Net price – Self Help = The Bottom Line

Page 10: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section V: Alternate Funding Options

Page 11: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Section VI: Payment Options

Page 12: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Outcomes

• As of July 1, 2014, 87% of freshmen applicants completed all disbursement requests

• Enrollment is on pace to set a 10-year record• We have money to hire 14 student peer

advisors

Page 13: Sailing away the winter blues with ISFAA … 2015 Winter Conference Debunking the Financial Aid Award Letter (and increasing yield while we’re at it)

Questions