Financial Aid Office

1
Financial Aid Office

• Accountability Report
• And Budget Request

2
Budget/Expenditure History
3
Key Performance Indicators - Processing

• 23,485 Free Applications for Federal Student Aid
  (FAFSA) including corrections and multiple
  submissions
• 4,243 of those applications selected for
  verification and completed
• 4,684 Stafford Loan requests awarded

4
Key Performance Indicators - Processing

• 13,343,520 Federal, State and Institutional
  Grants disbursed
• 338,804 paid to students for College Work-Study
• 1,411,967 State Foundation Scholarships and
  Tuition Waivers disbursed
• 11,212,169 Stafford, Perkins, Parent, and
  Alternative Loans disbursed
• 564,621 outside scholarships disbursed

5
BudgetaryAccomplishments and Challenges

• Accomplishments
• Disbursed over 27,000,000 in financial aid
• Made over 40 presentations on financial aid to
  schools and community organizations
• Challenges
• With an unduplicated headcount of 35,007 and only
  21 full-time and 5 part-time employees, each
  full-time equivalent is responsible for almost
  1,500 students
• The necessity of reaching students and
  prospective students to inform them of types and
  availability of financial aid

6
Progress Report on New Dollars Authorized July 1,
2007

• New Base Budget Dollars
• Opened Financial Aid Advisor (Spanish Bilingual
  position. Position reopened when no qualified
  candidates were found. Additional community
  resources were sought to advertise the position.

7
2008-09 Base Budget RequestAdvisor I
Jordan/Sandy Campuses

• Serve the needs of community and government
  agencies, business and industry
• With the opening of the new Health Sciences
  building at the Jordan Campus, applicants need
  the expertise of an advisor to assist with
  complex financial aid questions. Currently,
  there is an Assistant Director and Technician II
  available, but not on a full-time basis.
• Dollars Requested 33,610 23,589 (benefits)
  57,199

8
2008-09 Base Budget RequestTechnician II
Jordan/Sandy Campuses

• Serve the needs of community and government
  agencies, business and industry
• With the opening of the new Health Sciences
  building at the Jordan Campus, applicants need
  assistance throughout the day, every day. The
  Technician II position can meet with students,
  answer more detailed questions and assist in
  corrections and filling out applications.
• Dollars Requested 23,835 21,611 (benefits)
  45,446.25

9
2008-09 Base Budget RequestTechnician I
Jordan/Sandy Campuses

• Serve the needs of community and government
  agencies, business and industry
• With the opening of the new Health Sciences
  building at the Jordan Campus, students are
  expecting all services that are available at the
  Redwood and South Campuses. The Technician I
  position is the first contact for most students.
  This employee would answer general questions,
  assist students in learning how to locate their
  specific financial aid information through MyPage
  and be available throughout the day.
• Dollars Requested 22,528 21, 403 (benefits)
  43,931

10
2008-09 Base Budget RequestTechnician I
Scholarship Technician

• Serve people of diverse culture, abilities and
  ages
• As the types and amounts of scholarships that
  flow through the Financial Aid Office have
  increased, so has the amount of work and requests
  for presentations. The current Scholarship
  Specialist is spending much of her time on
  clerical work that could be done more efficiently
  by a full-time Technician. This would allow the
  Scholarship Specialist to conduct more outreach
  and create additional presentations that could be
  offered throughout the Salt Lake Valley.
• Dollars Requested 22,528 21, 403
  (benefits) 43,931