SHOPPING SHEETSarah J. BauderAssistant Vice President for Financial Aid & Enrollment ServicesUniversity of Maryland

11/6/2012

11/6/2012

AGENDA• Background Conversations

• Purpose

• What You Need to Know

• What Works Well

• What Does Not

• UM Implementation

• Next Steps

• Resources

• Questions

11/6/2012

BACKGROUND

•Conversations with White House Staff• Comparing same types of institutions• How does Alt Loans fit in to the discussion?• Do we need a single data base for loans?

•Letter from Arne Duncan to President’s•Lunch with Chancellor’s for by-in

11/6/2012

PURPOSE• Originally designed to replace award letter

• Issues: Not all institutions have the same award letter• Historical Perspective• Eliminate Confusion on Nomenclature• Create a Unified Form for families

11/6/2012

WHAT YOU NEED TO KNOW• First Time Freshman and Transfers• Does Not need to be resent for adjustments in aid –

• Unless you’re using is as an Award Letter• It is fixed and uniform. Cannot modify format• Shopping Sheet is voluntary until 2014-2015 unless…

• Principles of Excellence• “Volunteered to Participate”

11/6/2012

WHAT WORKS WELL• Conversation is useful• Standardization of Acronyms• Eliminates ‘Gaming’ of Families• Comparable Information

11/6/2012

ISSUES• Not all institutions are the same• “Shopping” for college is more than about money• Allowing Automation of form• Implementation is confusing for schools

• When do we turn off the Shopping Sheet:• Do we need to send it for Revised Awards?

11/6/2012

UM IMPLEMENTATION: VIDEO

11/6/2012

QUESTIONS?

Sarah BauderAssistant Vice PresidentFinancial Aid and Enrollment Servicessbauder@umd.edu301-314-8279

11/6/2012