1. Restricted Funds and Financial Aid

2. Scholarships vs Financial Aid Scholarships  Benefit an individual  Typically not allowed on Restricted Funds Financial Aid  Often referred as Tuition Assistance  Benefits the grant  Common way of paying students’ tuition

3. Current Process  Submit a Scholarship Form  Have to acknowledge that you are awarding a scholarship  Have to acknowledge that it is not for restricted funding to have form processed  Problems with Current Process  Asks for inaccurate information  Once money is awarded, money belongs to students

4. Future Process  New Form  New Process  Allow for tracking of students completion  Allow for appropriate tracking with regards to money  Proration of funding with respect to projects

5. Questions???