Transcript Delinquency management and prevention

SHOPPING SHEET
Sarah J. Bauder
Assistant Vice President for Financial Aid & Enrollment Services
University of Maryland
11/6/2012
11/6/2012
AGENDA
• Background Conversations
• Purpose
• What You Need to Know
• What Works Well
• What Does Not
• UM Implementation
• Next Steps
• Resources
• Questions
11/6/2012
BACKGROUND
• Conversations with White House Staff
• Comparing same types of institutions
• How does Alt Loans fit in to the discussion?
• Do we need a single data base for loans?
• Letter from Arne Duncan to President’s
• Lunch with Chancellor’s for by-in
11/6/2012
PURPOSE
• Originally designed to replace award letter
• Issues: Not all institutions have the same award letter
• Historical Perspective
• Eliminate Confusion on Nomenclature
• Create a Unified Form for families
11/6/2012
WHAT YOU NEED TO KNOW
• First Time Freshman and Transfers
• Does Not need to be resent for adjustments in aid –
• Unless you’re using is as an Award Letter
• It is fixed and uniform. Cannot modify format
• Shopping Sheet is voluntary until 2014-2015 unless…
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Principles of Excellence
“Volunteered to Participate”
WHAT WORKS WELL
• Conversation is useful
• Standardization of Acronyms
• Eliminates ‘Gaming’ of Families
• Comparable Information
11/6/2012
ISSUES
• Not all institutions are the same
• “Shopping” for college is more than about money
• Allowing Automation of form
• Implementation is confusing for schools
• When do we turn off the Shopping Sheet:
• Do we need to send it for Revised Awards?
11/6/2012
UM IMPLEMENTATION: VIDEO
11/6/2012
QUESTIONS?
Sarah Bauder
Assistant Vice President
Financial Aid and Enrollment Services
[email protected]
301-314-8279
11/6/2012