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Shopping Sheet

Shopping Sheet. Sarah J. Bauder Assistant Vice President for Financial Aid & Enrollment Services University of Maryland. Agenda. Background Conversations Purpose What You Need to Know What Works Well What Does Not UM Implementation Next Steps Resources Questions. BACKGROUND.

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Shopping Sheet

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  1. Shopping Sheet Sarah J. Bauder Assistant Vice President for Financial Aid & Enrollment Services University of Maryland

  2. Agenda • Background Conversations • Purpose • What You Need to Know • What Works Well • What Does Not • UM Implementation • Next Steps • Resources • Questions

  3. 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

  4. 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

  5. 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… • Principles of Excellence • “Volunteered to Participate”

  6. What Works Well • Conversation is useful • Standardization of Acronyms • Eliminates ‘Gaming’ of Families • Comparable Information

  7. 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?

  8. UM Implementation: Video

  9. Questions? • Sarah Bauder • Assistant Vice President • Financial Aid and Enrollment Services • sbauder@umd.edu • 301-314-8279

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