State Aid Cuts: To replace or not replace, that is the question!

The May issue of University Business features a new article from enrollment management consultant Mary Piccioli.  State Aid Cuts: To replace or not replace, that is the question discusses the impact of troubled state budgets on higher education spending.

Mary writes:

Timing and certainty (or lack thereof) will make a difference in decisions an institution’s leaders must make if state aid cuts are on the horizon. But even prior to that, senior leadership should have an understanding of the institution’s exposure to changes in external resources. They should have hard data on the number and percentage of students who receive state aid and the amount of the average award. The same holds true for federal aid. How many Pell Grant recipients are there? How many of our students borrow? This is information that should be known beyond the boundaries of the financial aid office and disseminated annually to leadership, including to the board of trustees.

You can read the entire article on the University Business website by clicking here.

To receive more information about our financial aid consulting services or to learn more about our Financial Aid Strategy Tool (FAST), we invite you to call our office at 585-381-1120, or to contact us through our website.

5/12/2010