Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk

Interpre'ng Outcomes for Bewildered Applicants

Peter Van Buskirk Author, Speaker

Former Dean of Admission [email protected] www.BestCollegeFit.com

www.BestCollegeFit.com © 2014, Peter Van Buskirk

Most Highly Selec=ve (1/8) Highly Selec=ve (1/4)

Selec=ve (1/2)

Somewhat Selec=ve (6/8)

The Pyramid of Selec1vity


The Enrollment Model

selec=vity yield

Applica=ons

Acceptances

Enrollment

8,000

2,000

500


Doors of Enrollment

ED EA REG WL Other

Yield Ratio

?? 80%

20%

75%

95%

1:1 5:4 5:1 4:3


Inside the Wait List

Applicants:

Acceptances:

Enrollment:

Poten1al Enrollment Scenario

8,000

2,000

500

Likely Wait List leQers: 2,000

# of students remaining ac=ve on the WL: 500


Keys to Naviga1ng the Wait List

▲ Get on the “radar screen” of regional recruiter

▲ Update file (grades, honors, awards)

▲  Visit the campus—again if necessary

▲  Clarify need for financial assistance


How/When Does the WL Operate?

▲ Wait lists become ac=ve mid-‐April

▲  It starts with a phone call

▲ Money maQers

▲ Who represents the “low-‐hanging fruit”?


Responding to the Wait List

▲  Student must decide quickly (48 hours)

▲  Admission confirmed a_er student commits to enroll

▲  Student must cancel previous enrollment at another school and forfeit that fee


Financial Aid Matrix

No Need Low Medium High

High

Medium

Low Non-Admits

Students’ Demonstrated Need

Stud

ents’

Des

irabi

lity

65%

Number: ____ Projected Yield: ____ Average EFC: ____ SAT Profile: ____ GPA Profile: ____ Net Revenue: ____

5%


Preferen1al Packaging

College A $50,000

College B $50,000

College C $50,000

G=$30,000

CWS=$1,500

GSL=$3,500

EFC=$15,000

CWS=$1,500

GSL=$3,500

EFC=$15,000

CWS=$1,500 GSL=$3,500

EFC=$15,000

G=$20,000 G=$15,000

PL=$10,000 ???=$15,000

G=Grants

PL=Plus Loans

???=Gap

EFC=Expected Family Contribu1on

CWS=Campus Work Study

GSL=Guaranteed Student Loans

Key


Making Sense of Financial Aid Award LeVers

Total Cost of AQendance — (Grants + Scholarships) Family’s Total Out-‐of-‐Pocket Expense

▲  Total cost of aQendance = Room, board, tui=on, fees & other expenses

▲  Determine where community-‐based scholarships are to be credited

▲  Confirm that ins=tu=onal scholarships are renewable


Financial Aid Comparison Worksheet

1 Calculations for Year One of College College A College B College C College D College EFirst Year Educational Costs:Tuition 40,114 31,904 12,388 26,825 FeesBooks/Supplies 1,000 800 Transportation 1,500 700 Room & Board 10,080 8,065 10,900 Miscellaneous 600

1A Total Cost of Attendance 52,694 51,740 31,904 20,453 39,825

2 Financial Aid Components:2A Gift Aid:

Institutional Scholarship #1 19,820 20,000 8,000 3,000 25,950 Institutional Scholarship #2 17,500 4,000 2,700 750 Institutional Grant 2,000 1,500 3,000 Federal Pell Grant 1,400 1,400 1,400 1,400 Other Grant (SEOG, etc.) 750 6,160

2A Sub-Total Gift Aid 41,470 26,900 12,100 3,000 37,260 2B Self-Help:

Federal Subsidized Stafford Loan 3,500 3,500 3,500 3,500 Fed. Unsubsidized Stafford Loan 2,000 2,000 2,565 Perkins Loan 1,500 1,000 1,500 Institutional Loan/Financing 15,340 PLUS LoanFederal Work Study 2,200 3,000 1,500

2B Sub-Total Self-Help 7,200 24,840 8,500 3,500 2,565

3 Total Financial Aid (2A+2B) 48,670 51,740 20,600 6,500 39,825

4 Remaining Out-of-Pocket Expense (1A-2A-2B) 4,024 - 11,304 13,953 -

5 Total Expense to Family (1A-2A) 11,224 24,840 19,804 17,453 2,565


Appealing Financial Aid Awards

▲ Appeal with informa=on—not argument

▲  Present informa=on in person, if possible

▲ Don’t wait to make the appeal

▲  Show compe=tors’ financial aid awards


A good college “fit” is one that will:

▲  Offer a program of study to match your interests and needs

▲  Provide a style of instruc=on to match the way you like to learn

▲  Provide a level of academic rigor to match your ap=tude and prepara=on

▲  Offer a community that feels like home

▲  Value you for what you have to offer


Ques1ons

???


Peter Van Buskirk College Orienta1on Programming

Contact Info:

▲ Students & Parents

▲ College Access Professionals

▲ 717.808.5462

▲ [email protected]

Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk

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