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Re-charging the Batteries for 2012-2013: A Grad/Professional Roundtable Discussion Presented by: Meghan Petsko, Villanova University. A little humor to kick things off…. So long, farewell, Loan Interest Subsidy.
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Re-charging the Batteries for 2012-2013: A Grad/Professional Roundtable Discussion Presented by: Meghan Petsko, Villanova University
So long, farewell, Loan Interest Subsidy July 1st 2012 marks the end of loan interest subsidy for Graduate and Professional Students • How are you communicating this to your students? How are they responding? • Does anyone have Summer Loans that begin or disburse before July 1, 2012? How are you handling those?
Verification, also time to bid adieu? Verification Still Required IF • Awarding Perkins Loan and FWS Funds or other need-based institutional funds • If only awarding Federal Direct Unsubsidized Loan, TEACH Grant or Direct Graduate PLUS Loan, kiss verification good-bye! • Will you still be verifying grad and professional students? Source: NASFAA News 9-29-11
Preparatory Coursework Students can borrow limited Federal Direct Loans for preparatory coursework for entry into undergraduate/graduate degrees in accordance with FSA Handbook • Does your school process pre-req aid requests? • If so, how do you manage these requests? Can your software handle these without manual manipulation?
Certificate Programs • Do you offer financial aid for certificate programs? Are they undergraduate or graduate level programs? • Has your policy changed with the launching of GE?
Institutional Awards and Need Analysis • Do you award need-based gift aid to grad students at your school? • If so, do you ask for parent information on the FAFSA, or on your own form? • Does your office manage tuition scholarships and assistantships, or are they managed by departments?
SAP Policies for Graduate Students • Do you have a different policy for graduate students versus your undergraduate students? • What about doctoral students? • Standards for Repeating Coursework, how are you enacting these? • How often are you measuring SAP?
Budget Increase Requests • What is your policy? • What questions do you ask yourself? • What will you allow? What won’t you allow? • How do you finally say no to a student who requests above and beyond what is acceptable? • Does this ever cause a retention issue that you know of?
Communicating with Graduate Students Always a challenge! • Do you present at orientation sessions for graduate students? • Anyone using text messages, Facebook, youtube?
Financial Literacy Programs • What do you offer on your campus? • Do you offer workshops specifically for grad students? • What strategies have worked for your students?
Managing Repayment • How do you reach out to your students? • Do you offer in-person exit counseling? • How do you communicate info about Public Service Loan Forgiveness/IBR? • Have you spoken with students who are using IBR? • The Special Consolidation Loan: are you notifying your previous students?
In closing… Questions? Any topics we missed? Thank you for attending! Meghan Petsko Meghan.petsko@villanova.edu 610-519-3305