1 / 21

Packaging Potholes:

Packaging Potholes:. Paving a Smoother Way. Moderator: Vicki Mattocks Director Missouri State University Panelists: Jan Brandow Director University of Missouri-Kansas City Jeff Ford Director Ozarks Technical Community College Cari Wickliffe Director

zarita
Download Presentation

Packaging Potholes:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Packaging Potholes: Paving a Smoother Way

  2. Moderator: Vicki MattocksDirector Missouri State University Panelists:Jan Brandow Director University of Missouri-Kansas City Jeff Ford Director Ozarks Technical Community College Cari Wickliffe Director St. Louis University Panelists

  3. Session Objectives • Presentation of basic packaging philosophies • Private School • Community College • Four Year Public Institution • Discussion of post-packaging issues

  4. Provide optimum aid for greatest number of students without exceeding COA Provide maximum non-repayable aid before packaging student loans Utilize all available federal, state and institutional aid i.e.… use your allocations and budgeted monies, that is what they are for Packaging Philosophy - OTC

  5. Start process late February/early March Package Federal Pell Grant and FWS based on ISIR information Include student loans if requested by student Package SEOG for files completed by April 1 Packaging Aid – OTC Summary

  6. Packaging Aid – OTC – Cont’d When scholarship awards (new and renewal) completed in June, include in packages (post adjust if necessary) Include state aid awards as soon as available information allows (post adjust later)

  7. Neediest students first Distribute available funds to maximum population Use priority deadline as point to identify group Start with zero EFC group and review with available funds Adjust the awards and spectrum to best suit your population SEOG Awards - OTC

  8. Review unused funds in spring to reallocate funds to utilize authorization Attention to revised awards will eliminate overawards SEOG Cont’d - OTC

  9. SEOG is awarded on priority deadline and high need (based on EFC) FWSP is awarded If requested on ISIR If need exists sufficient to warrant award SEOG & FWSP - OTC

  10. System checks SAP when running packaging routine If student ineligible, letter is generated to let student know of ineligible status and why Information included in letter informs student of policies and appropriate appeal procedures SAP and Packaging - OTC

  11. When authorization or notification of award received, award is added to aid package If overaward exists, appropriate action is taken to alleviate overaward Reduce/cancel FWS Reduce/cancel loans Reduce/cancel other awards 3rd Party and External Awards -OTC

  12. Organizational Structure Funding Levels Cost of Attendance Equity packages Timing of Awards Pre-or post Verification  (Quality Assurance) Packaging Philosophy – Saint Louis University

  13. Setting a best priority deadline Equitable use of campus-based programs between incoming and continuing students Well thought out distribution plan for awarding campus-based aid Packing consideration of “known” funding resources from previous year – internal and external Packaging Philosophy – UMKC

  14. Timing - Including state aid programs in packages Equitably awarding mid-year admits Packaging Philosophy – UMKC

  15. Receiving external awards after packaging is complete and aid is disbursed Receiving internal awards after packaging is complete and aid is disbursed Communication with students, external and internal groups Regulatory requirements Post-Packaging Issues

  16. Overaward may be found by: Run reports during the award year to identify potential overawards Overaward discovered when adding additional awards later in award year Post Packaging Issues - OTC

  17. Correct overaward by: Adjusting or correcting appropriate award(s) i.e.… FT awards for packaging purposes may later be adjusted to lessen or eliminate overaward Using available rules to best help student Document what was done for later review if needed Post Packaging - OTC

  18. Students whose aid is adjusted are sent updated award notification This is occasionally sufficient by itself May include letter or even call student in advance; schedule appt for discussion Communication - OTC

  19. Post-Packaging IssuesSaint Louis University • Yield Rate Drops • Decentralized SLU Awards • (and Endowed Scholarships) • Outside aid • Verification Findings

  20. Outside committee awards a university held fund for student academic projects and demands that it not be counted as part of the students’ packages Academic unit wants students to receive a scholarship for working 20 hours a week and wants the scholarship paid monthly Post-Packaging Issues - UMKC

  21. Questions or Items for Discussion

More Related