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Need Analysis for Graduate Students Was Aristotle Right? Presented by Joetta Bradica, Ed.D. Penn State College of Medicine.

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Need analysis for graduate students was aristotle right presented by joetta bradica ed d

Need Analysis for Graduate Students

Was Aristotle Right?

Presented by

Joetta Bradica, Ed.D.

Penn State College of Medicine


Need analysis for graduate students was aristotle right presented by joetta bradica ed d

  • “To give away money is an easy matter and in any man’s power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle


Need analysis for graduate students was aristotle right presented by joetta bradica ed d

Let’s look at: power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • What is IM? Why use it?

  • Watch for: conflicting data, verification

  • Packaging strategies

  • Tools and Resources

  • “Best Practices”


What is im
What is IM? power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

A formula that approximates the family’s abilityto pay, not necessarily their willingness to pay.


Need analysis for graduate students was aristotle right presented by joetta bradica ed d
IM power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • An institution controlled calculation that enables you to rank order the neediest students based upon institutional criteria

  • Allows for modifications based upon institutional needs

  • Institution determines the amount of detail that is to be considered


Why use im
Why use IM? power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Fair and equitable tool that can be used to award institutional funds

  • Allows for an objective assessment of family financial strength

  • Only other choice is pure FM

  • It’s a starting point – PJ is an option for exceptions


Data collection tools
Data Collection Tools power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • FAFSA

  • Need Access

  • CSS Profile

  • Home grown systems

  • Paper forms


Packaging strategies
Packaging Strategies power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Annual vs. Multi-year

  • Unique target markets

  • Merit vs. Need

    • Which is your priority?

    • Merit to address diversity issues and/or exceptional students?


Review before you begin
Review Before you Begin power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Are your packaging strategies in line with your school’s mission and goals

    • Don’t overcomplicate your assessments

    • Determine the easiest way to assess while meeting the needs of your institution

    • Review you IM awarding policies and formula annually

  • Don’t be afraid to involve other administrative areas


Mine the data verification
Mine the data -Verification power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Watch for conflicting data and/or “hidden clues” that may require a more in-depth review

    • Home equity

    • Interest/dividend income

    • Depreciation

    • Farm and business supplement

    • Schedule L (loss/value of rental property: revenue from other real estate

    • Cars


What do you think
What do you think? power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • How do you treat parental information if it includes:

    • Non-custodial parent(s)

    • Step parent’s information

    • Siblings who are students

    • Cut off age to collect parental info?

    • Married students

    • Parents unwilling to provide information

    • International parents


Need analysis for graduate students was aristotle right presented by joetta bradica ed d

Incarcerated or estranged parents power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Married students with a non-working spouse

  • Assets

  • Retirement Accounts –use or not use?

  • Untaxed income not included in FM

  • Adding items from the 1040 “back in”

    • Losses reported on schedule E

    • Specific credits


Tools and resources
Tools and Resources power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • www.zillow.com – home value assessment tool

  • http://www.edupass.org – currency converter

  • www.money.msn.com – stock quotes

  • http://finance.yahoo.com – currency converter & stock quotes


Best practices
Best Practices power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

  • Do you use NSLDS?

    • Check for Pell or Perkins from undergrad

    • Check prior federal loan borrowing

  • Are awards renewable and under what terms?


Thank you
Thank You power. But, to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praise worthy, and noble.” -Aristotle

Audience Scenarios and Discussion