School and Student Service For Financial Aid 2003 NAIS/SSS Financial Aid Workshop Series Mark J. Mitchell, Leslie Bunting, NAIS Margie Nelcoski, ETS For titles and subtitles each word capitalized except articles and prepositions and conjunctions for four or fewer letters. Title and subtitle text appears black on clear/white backgrounds.

NAIS Principles of Good Practice Don't get stuck in the way things are. Concern yourself with the way they should be. -- Michael S. Josephson, U.S. ethicist For titles and subtitles each word capitalized except articles and prepositions and conjunctions for four or fewer letters. Title and subtitle text appears black on clear/white backgrounds.

NAIS Principles for Good Practice Setting standards for effective practice and ethical behavior Reflecting commitment to equity and access Ensuring good and purposeful stewardship Establishing higher goals not a “to-do” list Providing guideposts for developing policies Moving from “Good to Great” Disciplined people, disciplined thought, disciplined action

Why PGP’s for Financial Aid? Huge school investment Why? Well-managed? Strategic thinking and assessment Stewardship of dollars Fairness and consistency through policymaking Partnership with parents Whole-school commitment

A Wise Man Once Said… “To give away money is an easy matter and in any (person’s) power. But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every (person’s) power nor an easy matter. Hence it is that such excellence is rare, praiseworthy, and noble.”

Obstacles to Adhering to Principles Unawareness and/or apathy Lack of time and attention Competing priorities Resource limitations The “So What?” Factor

Strategic Thinking and Assessment Affirm the purpose of financial aid Develop and operate from short- and long-range policy goals Objective institutional research to measure effectiveness Quantitative and qualitative Internal and external Bigger grants or more recipients??

Stewardship Adherence to laws and regulations requiring non-discriminatory practices Operating within short- and long-term budgeting goals Administrative and accounting procedures distinguishing merit, tuition remission, and need-based programs

Fairness and Consistency Objective and equitable assessment of financial need Maintain separation from the admissions decision Equal standards of behavior and performance Documented policies and procedures

Partnership With Parents Family bears primary responsibility Funding priority to those who demonstrate financial need Support continues as long as need is demonstrated Make and communicate decisions in a timely manner Provide outreach, education and guidance Safeguard confidential information

Whole-School Commitment Support collaboration between offices Head, admissions, business, development, athletics Building knowledge of faculty, other staff Boards and committee roles Parents talk—who controls those messages?

For More PGP’s…www.nais.org