Scholarships at CUNY: Building Student Success and Financial Aid Insights
"Explore scholarship programs and financial aid initiatives at CUNY through the perspectives of key presenters, discussing current topics, partner offices, and scholarship statistics. Gain insights into scholarship management and student support systems at CUNY."
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Presentation Transcript
Building Student Success: Scholarships at CUNY CUNY Financial Aid Professional Development Conference John Jay College of Criminal Justice, CUNY Friday, June 15, 2018
Presenters Julissa Contreras, Administrative Specialist for Scholarship Enterprises, York College Sasha De Silva, Scholarship Specialist, Macaulay Honors College Abdul Hashim, Manager of Financial Aid & Scholarships, Bronx Community College , Vice Chair-Elect, CUNY Scholarship Council Veronica Lukas, Executive Director of Student Financial Services, Queensborough Community College Ed Rhodes, Campaign Officer, Invest in CUNY Convener, CUNY Scholarship Council Michael Scaduto, Associate Director of Financial Aid & Scholarship Coordinator, John Jay College, Chair-Elect, CUNY Scholarship Council
A Brief Look Back 2012: Search for Scholarship Officers 2012: Convening of Scholarship Taskforce 2012-2015: Monthly taskforce meetings 2016: Creation of CUNY Scholarship Council Michael
Current Topics from 2017/18 Scholarship Management Programs Excelsior Scholarship FERPA/Access to FAFSA Data Protected Categories CUNYfirst/Item types Citizenship status and scholarship eligibility Scholarships vs. awards vs. stipends Julissa and Sasha
Partner Offices We cant do this alone Financial Aid Advancement/Development/College Foundations/Donors Bursars Fiscal Management/Business Offices Enrollment Management/Admissions Academic Departments Central Office (OSFA, OUC) External Partners Abdul and Michael
Scholarship Statistics 2017 2,256 Scholarship Programs 897 Endowed Programs (39.8%) $17,886,504 in Annual Scholarship Disbursements 11,029 Students Receiving Scholarships Average Award: $1,621.71 Ed Rhodes
Scholarship Statistics 2017 Number of Scholarships vs. Total Disbursments 600 $5,000,000 $4,500,000 500 # of Scholarships $4,000,000 Total Disbursements $3,500,000 400 $3,000,000 300 $2,500,000 $2,000,000 200 $1,500,000 $1,000,000 100 $500,000 0 $- Ed Rhodes
Scholarship Statistics 2017 Number of Scholarships vs. Number of Students 600 2000 500 # of Scholarships # of Students 400 1500 300 1000 200 500 100 0 0 Ed Rhodes
Scholarships at CUNY: Recipient Selection Process Development/Advancement provides list of scholarships, criteria, and budget for the upcoming AY. Nominees identified via committees, departments, Admissions, etc. Lists of New and Continuing Scholarship Recipients Issued Scholarship Office reviews budget and updates website, application, and other materials, to solicit applications Financial Aid Office Reviews Scholarship Recipient List and checks for over packaging Applicant Solicitation Scholarship Office confirms applicant eligibility Revised lists of recipients issued Julissa
Scholarships at CUNY: Awarding Process Scholarship Office initiates awarding Awards posted in CUNYfirst as anticipated aid either manually or batch CRM ticket Check request(s) sent to Foundation/Business Offices Scholarship Office notifies recipient(s) Scholarship Office requests transfer of funds Funds are released for payment Sasha
Scholarships at CUNY: Disbursement Process College Business/ Controller s Office wires/sends money to CUNY Central (OUC) Scholarship recipient lists and transmittal FA/Scholarships review rejected awards OUC processes transfer and increases fiscal limits for scholarship items Bursars Office disburses awards Abdul
Scholarships at CUNY: Stewardship Process Development/ Advancement updates scholarship inventory and works with students to steward donors Scholarships provides list of recipients to Development/ Advancement Scholarship successfully awarded Abdul
Scholarships and Financial Aid https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcS7odRGHmK5T13gCqjxS4XpQ57aLRkiVFQcLrvDuw3_owCM_uXiSntoUZS2
Scholarships and Financial Aid COA/Budget Need vs. Merit Over-awarding Reducing Awards Posting Awards Transfer of Funds to OUC Disbursement Michael and Ronnie
Scholarships at CUNY Challenges: Awards vs. Scholarships Taxable vs Non-Taxable CUNYfirst Item types Coordinating the Activity of Multiple Divisions Fiscal Management Federal and State Compliance IRS Regulations Protected Categories Citizenship Status and Scholarship Eligibility
Identifying Best Practices Partnerships with Financial Aid Offices Packaging and related challenges How can you help us to help you? Michael and Ronnie
Q & A Thank you!
