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PILOTS CONFER: DIRECTORS DISCUSS BIG THOUGHTS

PILOTS CONFER: DIRECTORS DISCUSS BIG THOUGHTS. TUESDAY OCTOBER 19, 2010 CHUCK CAROTHERS – ROSALIND FRANKLIN UNIVERSITY OF MEDICINE AND SCIENCE AL HERMSEN – WAYNE STATE UNIVERSITY. SESSION GOALS. DISCUSS IDEAS ABOUT WAYS TO IMPROVE THE OVERALL FINANCIAL AID PROCESS

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PILOTS CONFER: DIRECTORS DISCUSS BIG THOUGHTS

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  1. PILOTS CONFER: DIRECTORS DISCUSS BIG THOUGHTS TUESDAY OCTOBER 19, 2010 CHUCK CAROTHERS – ROSALIND FRANKLIN UNIVERSITY OF MEDICINE AND SCIENCE AL HERMSEN – WAYNE STATE UNIVERSITY

  2. SESSION GOALS • DISCUSS IDEAS ABOUT WAYS TO IMPROVE THE OVERALL FINANCIAL AID PROCESS • WHAT ARE THE PROS AND CONS • DUPLICATIVE, NO LONGER NECESSARY, INCONSISTENT, OVERLY BURDENSOME • ARE THERE ALTERNATIVES • REPORT OUR DISCUSSION TO NASFAA, THE DEPT. OF EDUCATION, THE ADVISORY COMMITTEE AND OTHERS

  3. NEED ANALYSIS • Home values • Divorced parents • Use IRS data only

  4. DELIVERY • Prior-Prior year • Year round Pell could be easier • Ten days before class disbursement issue • All verification done using IRS match

  5. ELIGIBILITY • No freshmen level loans – replace with larger Pell awards • Undocumented students

  6. NON- FINANCIAL AID ISSUES • Register of Draft • Crime Statistics • Drug Convictions • Communcation requirements of HEOA

  7. REPORTING AND COMPLIANCE • FISAP • NET COST CALCULATOR

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