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Financial Aid Community College Enrollment Management & Student Success Strategies

Financial Aid Community College Enrollment Management & Student Success Strategies Pathways to College & Beyond October 2011. Success Strategies. Intentional Collaboration & Student Engagement Streamline communication strategy Automated Alerts for Activities

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Financial Aid Community College Enrollment Management & Student Success Strategies

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  1. Financial Aid Community College Enrollment Management & Student Success Strategies Pathways to College & Beyond October 2011

  2. Success Strategies • Intentional Collaboration & Student Engagement • Streamline communication strategy • Automated Alerts for Activities • Integrated Student Finance Model • Move from financial aid to student finance • Deploy financial literacy • Targeted Intervention • Develop key indicators of risk • Create intervention systems Pathways to College & Beyond

  3. Streamline Communication Strategy • Create & utilize a comprehensive communication plan • Communication calendar • Integrate messages • Use technology solutions (email alerts, portal messages, etc.) Pathways to College & Beyond

  4. Automated Alerts for Activities • Meet students where they are today – text messages, alerts, and short messages with updates. • Send updates to notify students of financial aid transactions. Pathways to College & Beyond

  5. Move from Financial Aid to Student Finance • Create planning tools on paying for direct and indirect college costs. • Develop the concept of student/parent payment plan. • Plan for the new common award letter initiative. Pathways to College & Beyond

  6. Deploy Financial Literacy Program • Create programs to alert students about credit cards. • Design programs for awareness of student loan indebtedness. • Facilitate programs for students to learn good financial and credit management strategies. • Create a system for maintaining loan history – the loan transcript. Pathways to College & Beyond

  7. Develop Key Indicators of Risk • Review the factors you are aware of that can create a profile for intervention: • Satisfactory academic progress status • Loan indebtedness • Accounts receivable status • Class attendance Pathways to College & Beyond

  8. Create Intervention Systems • Develop campus-wide referral system between departments. • Create increased awareness of the risk factors. • Monitor student cases following interventions. Pathways to College & Beyond

  9. Success Strategies Pathways to College & Beyond

  10. Contact Information • To request a copy of this presentation, complete the “corporate contact” form at www.evansconsulting.org • For additional follow-up: Bob Evans President, EC Group, LLC revans@evansconsulting.org (202) 465-4766 Pathways to College & Beyond

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