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Articles: Financial Aid

Kelly Walsh is CIO at the College of Westchester in New York.

Universities accepting Title IV federal aid are expected to comply with federal cybersecurity regulations, which include a greater emphasis on reporting breaches. It’s time to step up cybersecurity governance.

Outside of online and in-person financial literacy sessions, colleges and universities are finding innovative strategies to guide students toward being more financially responsible in both their college and adult lives.

Banking executives discuss how higher ed institutions are doing in their efforts to teach students to be responsible about their finances while in school and in future stages of life.

Colleges and universities are providing at-risk students—including those with children or those who are homeless or in foster care—with more than just higher ed access and employment, they are providing training that makes a long-term difference.

Source: “Decoding the Cost of College: The Case for Transparent Financial Aid Award Letters”; New America and uAspire, June 2018

A recent study of 515 award letters from different institutions finds missing information and wording problems.

Led by admissions offices, higher ed institutions are enticing accepted students to officially enroll by using innovative communication approaches, developing peer connections and making students feel as if they are already part of the family.

Aim: To boost enrollment of the top 1 percent of high school students who qualify for Oregon State’s Presidential Scholarship, admissions officers treat academic standouts like blue-chip athletes.

The program began three years ago.


Link to main story: Colleges should always woo would-be students


In the box

Taking on more loan debt with age.

Americans age 50 years and older saw their federal student loan debt grow by $18 billion between the second quarter of fiscal year 2017 and the first quarter of 2018.

Jo Allen is president of Meredith College.

When it comes to risk management, a key fear is being blindsided by exposure we didn’t even know we had.

A few months after Boston University’s successful merger with Wheelock College, the University of Massachusetts drew a greater degree of scrutiny for its acquisition of Mount Ida College.

In your experience, how common is it for financial aid offices to push in to classrooms with messages to students about financial aid, managing student loan debt, and personal finance—and what may be holding them back from doing this more? 

Many colleges and universities are ramping up their efforts to teach students how to manage loan payments and other expenses.

Wendy B. Libby is president of Stetson University.

College tuition has been growing at roughly double the rate of inflation for decades. At last, the trend of annual tuition hikes appears to be cresting.

Some higher ed administrators may be surprised to learn that women hold two-thirds of the nation’s $1.3 trillion in student debt.

Former Lyon College president Brian C. Mitchell co-wrote "How to Run a College" with current university President W. Joseph King.

Lyon College President W. Joseph King and former university president Brian C. Mitchell have written a practical guide for new and veteran leaders, How to Run a College.

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