Financial Aid

It's Not Just About Aid Anymore

Four ways to sweeten the offers to high-quality students

When competing for top students, many colleges are finding that offering merit awards or generous need-based packages is no longer enough to win the day. Academically successful students typically have multiple offers from which to choose. So, all things being equal when it comes to financial aid, how does a college compete for the best and the brightest? Here are four ideas for sweetening the offer to the student that everybody wants—because it's not just about money anymore.

The Financial Aid Office's Burden

What this department is up to, and how more resources can help

The recession has certainly forced everyone to do more with less, but financial aid administrators are dealing with a new level of this challenge. As with all campus offices, financial aid office resources and funding are being frozen or cut due to tight campus budgets. In addition, financial aid offices are serving more students and families than ever before and administering record amounts of financial aid.

Behind The News

What Admissions Officers Need to Know About Financial Aid

Key questions and answers on the aid application process and packages offered

Talking about affordability can be a scary conversation for a recruiter. That is part of the reason more and more institutions have moved to transparent merit policies and other "entitlements" with clear eligibility criteria. But even if recruiters have these tools at their disposal, they still need to be able to talk with confidence about need-based aid and that is where it can get complicated.

A New Formula for Cohort Default Rates

What aid administrators need to know

The federal government is implementing a new method of assessing student loan default rates that will make it tougher for higher education institutions to remain eligible to receive federal student aid funds.

Financial Aid Strategies in Tough Economic Times

10 critical dos and don'ts

IN A RECENT MOODY'S SURVEY, almost 30 percent of private colleges projected declines in net tuition revenues for the current fiscal year. This is likely not because enrollments declined, but because more financial aid was spent in achieving enrollment goals. Officials at institutions whose discount rates increased this fall are wondering if this is the new cost of doing business or whether they spent more than necessary.

The drivers behind increased discount rates are many, including:

What Financial Officers Need to Know

Establishing fair value for assets and liabilities under Topic 820 reporting requirements

Determining the fair value of assets and liabilities on a university's financial statement has become increasingly stringent, particularly under the Financial Accounting Standards Board (FASB) Accounting Standards Codification Fair Value Measurements and Disclosures (Topic 820), formerly FAS 157. Since compliance with accounting regulations is an undeniable part of a CFO's responsibility, it is important that accounting professionals in higher education are aware of the new standards under Topic 820.

Understanding ARRA

Putting the Stimulus Package to Work for You

Colleges and universities stand to reap the benefits of tens of billions of dollars in federal funding under the American Recovery and Reinvestment Act of 2009. The legislation will impact everything from student aid and research funding to technology investments and projects planning. Two experts, Kevin Hegarty, vice president and chief financial officer at University of Texas, Austin, and Lander Medlin, executive vice president of APPA, provide valuable insight about the stimulus package in this edited digest of our web seminar.

Radical Reformer

A new book offers provocative ideas on how to change higher education.

ROBERT ZEMSKY WANTS TO MAKE UP for a missed opportunity. Zemsky, chairman of the Learning Alliance for Higher Education, based at the University of Pennsylvania, was called to serve as a member of the Spellings Commission on the Future of Higher Education during the Bush administration and to participate in the national dialogue on finding solutions to higher education’s most vexing problems.

Planned Giving: What's a School to Do?

Where to focus attention during a recession

NO ONE ENVIES YOU, DEAR READER. Higher ed administrators are seeing students with greater financial need and donors with shallower pockets and shorter arms. What are you and your fundraising folks to do in order to narrow that gap?

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