January 10, 2018 • 3 PM ET
When was the last time you looked at the financial aid line on your budget? Really looked.
Financial aid seems like the "elephant among us" in many school finance circles. It's too big to ignore, and yet, because its inner workings are carried on behind closed doors to protect the identity of families, it’s never brought out into the light of day and talked about. For the vast majority of schools, this is the second biggest budget line item, surpassed only by compensation.
However, there is a right way and a wrong way to budget your financial aid. You can use it as a tool to advance your school's mission, while also strategically increasing revenue and enrollment.
Specifically, in this Webinar, we will take a deep dive into the “right way” to award financial aid, where you will learn:
- The formula to determine exactly when and how to use your financial aid dollars to fill a seat and increase revenue
- The three main reasons for awarding all financial aid, and how to strategically budget for two of them
- How to determine the true accuracy of your financial aid formula so that you can stretch your budget and avoid awarding families for poor choices—such as expensive cars, clothing, and houses
- The three main questions to raise with your Board about your financial aid budget to help you determine mission-appropriate policies specific to your school
Total run time is 60 minutes. The presentation will run approximately 45 minutes with15 minutes designated for Q&A.
Who Should Attend:
Heads of School, CFO, Business Manager, Financial Aid Committee Members, Admission Officers