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Money Doesn't Grow On Trees

Money Doesn't Grow On Trees. Building Relationships with Students. Increased Communications Email Notification Note-Box E-Chats Maintaining OSFS Mailbox Addressing students’ concerns and queries. Building Relationships (con’t). Enhancing One-On-One Interviews

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Money Doesn't Grow On Trees

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  1. Money Doesn't Grow On Trees

  2. Building Relationships with Students • Increased Communications • Email Notification • Note-Box • E-Chats • Maintaining OSFS Mailbox • Addressing students’ concerns and queries

  3. Building Relationships (con’t) • Enhancing One-On-One Interviews • Providing Options and Alternatives • Examining In-House Student Practices  Each student leaving with a referral in hand • Web-Site • Web-Based Document Tracking • Goal  To reduce frequent calls and visits by having increased relevant information available on the site

  4. Building Relationships (con’t) • Out-Reach Programs • Professional Speakers • Murray Baker, author of “The Debt-Free Graduate” spoke at last year’s orientation • Participation in Fall/Winter Orientation Sessions • Recruitment Fairs and Parent Orientation • SFS always remains aware of the admissions cycle

  5. Building Relationships (con’t) • Student Client Services • SFS Goal for SCS • Goal Facilitated By… • Colleges • Facilitated Orientation Sessions • SFS Goal for Colleges • SFS Continued Plan

  6. Encourage Students to KEEP… • Keenness • Entrepreneurship • Excellence • Perseverance

  7. Keenness • As far as awards and scholarships are concerned: • Look Early • Millennium Excellence Entrance Awards • York Undergraduate Entrance Award • Prep Early • Write, re-write and re-write. • Submit Early • Don’t wait until the last minute.

  8. Entrepreneurship • Look into different sources of funding. • A combination of different sources of funding is now required: personal and family savings, loans, grants, bursaries, scholarships, work income • Where to look: • Internet search, i.e. External Awards webpage at www.yorku.ca/osfs • Future Students page

  9. Excellence • Strive for Excellence • In all their current and remaining high school courses, to the very last final exam. • York Entrance Scholarships – based on final averages • In their leadership, volunteer and extracurricular activities. • In completing their scholarship applications.

  10. Perseverance • Continue to search for financial aid opportunities • After admission to preferred program • Once registered for courses • Throughout university career • Where to look • Awards web search at www.yorku.ca/osfs

  11. Student Assistance Enhancements Benefits to 135,000 Low and Middle Income Students • $49 million in 06-07 • $41 million in 07-08 • $32 million in 08-09 • $44 million in 09-10

  12. Harmonized Federal & Provincial Initiatives for 2005-06 • Increase in loan limits • Canada Access Grants • Computer allowance as costs • Reduced parental contribution • Frozen tuition for 05-06

  13. 1) Increase in Weekly Loan Limits • Single = $ 350 $350 x 34 = $11,900 • Married = $ 545 $545 x 34 = $18,530 • Sole Support = $ 545 • Ontario Student Opportunity Grant levels remain unchanged • $7000 for two-terms • $10,500 for three-terms

  14. 2) Access Grants for 1st and 2nd Year Dependent Students for Low Income Family • Millennium/Ontario Access Grants up to $3000 (1st year) • Canada Access Grants up to $3000 (1st year ) • Ontario Access Grants up to $3000 (2nd year) • Based on net family 2004 income • Replaces loan assistance

  15. Canada Access Grant for Students with a Permanent Disability – Up to $2000

  16. Example 1 • Single dependent 1st year student • Living in residence • Family of 4, 2 dependents • Parental income of $28,000 • Results 2005-06 2004-05 • Canada Access Grant $ 1,750 n/a • Federal loan $ 5,390 $ 5,610 • Millennium/Ontario Access Grant $ 1,750 n/a • Provincial loan $ 3,010 $ 3,730 • Totals $ 11,900 $ 9,340

  17. Example 2 • Single Dependent 2nd Year Student • Living in residence • Family of 4, 2 dependents • Net family income = $34,000 • Permanent disability • Results 2005-06 2004-05 • Canada Access Grant – Permanent Disability $ 2,000 $2,000 • Federal loan $ 5,995 $ 5,610 • Millennium Bursary $ 3,000 $ 3,000 • Ontario Access Grant $1,560 n/a • Provincial loan $ 200 $ 740 • Totals $ 12,755 $ 11,350

  18. 3) Computer Allowance of $500 Considered as Costs4) Reduced Expected Contribution from Parents • Family of 4, one child in postsecondary, attending a 34-week program of study

  19. Contact Information • Nevia Jelenic – njelenic@yorku.ca • Marcia Howell – mhowell@yorku.ca • Jiffin Arboleda – arbolej@yorku.ca

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