Transcript Slide 1

Midwest Association of Student
Financial Aid Administrators
TUESDAY OCTOBER 19, 2010
CHUCK CAROTHERS – ROSALIND FRANKLIN UNIVERSITY OF MEDICINE AND
SCIENCE
AL HERMSEN – WAYNE STATE
UNIVERSITY
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DISCUSS IDEAS ABOUT WAYS TO IMPROVE
THE OVERALL FINANCIAL AID PROCESS
WHAT ARE THE PROS AND CONS
DUPLICATIVE, NO LONGER NECESSARY,
INCONSISTENT, OVERLY BURDENSOME
ARE THERE ALTERNATIVES
REPORT OUR DISCUSSION TO NASFAA, THE
DEPT. OF EDUCATION, THE ADVISORY
COMMITTEE AND OTHERS
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Home values
Divorced parents
Use IRS data only
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Prior-Prior year
Year round Pell could be easier
Ten days before class disbursement issue
All verification done using IRS match
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No freshmen level loans – replace with larger
Pell awards
Undocumented students
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Register of Draft
Crime Statistics
Drug Convictions
Communcation requirements of HEOA
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FISAP
NET COST CALCULATOR