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…
       •     Principles of Excellence
       •    “Volunteered to Participate”




11/6/2012
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
sbauder@umd.edu
301-314-8279


11/6/2012