Exploring Financial Aid Technology Options

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A presentation to inititate discussion into the effective use of new technologies to communication with student and prospective students about financial aid to help pay for college.

Published in: Technology, Economy & Finance
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Exploring Financial Aid Technology Options

  1. 1. TECHNOLOGY-4-BEGINNERS: EXPLORING FINANCIAL AID TECHNOLOGY OPTIONS
  2. 2. Why Technology?  Increasing Demands  Increase enrollment  Higher tuition cost  Rising expectations  Decreasing Resources  Budgetary restrictions  Personnel limits ©2006 Shawn C. Monk
  3. 3. What Do You Want to Do? 1. Brainstorming 2. Evaluation 3. Prioritization 4. Research & Design 5. Implementation ©2006 Shawn C. Monk
  4. 4. Dealing with Prospective Students  Financial Aid Estimators  Ease fears  Identify resources  Increase applicants  Educate ©2006 Shawn C. Monk
  5. 5. Financial Aid Estimators ©2006 Shawn C. Monk
  6. 6. Financial Aid Estimators ©2006 Shawn C. Monk
  7. 7. Student Aid Gateways  Content Management Systems  Improve quality of web content  Simply web site publication  Reduce demands on IT staff  Provide platform for expansion and development of custom tools or services ©2006 Shawn C. Monk
  8. 8. ©2006 Shawn C. Monk
  9. 9. ©2006 Shawn C. Monk
  10. 10. Online Awarding  Demanded by students  Increased opportunity for education of the student & their family  Best solutions include:  Abilityto interact with the data  Options for financial planning for the long term  Additional requirements needed ©2006 Shawn C. Monk
  11. 11. Online Awarding ©2006 Shawn C. Monk
  12. 12. Online Awarding ©2006 Shawn C. Monk
  13. 13. Office Automation  Document Management Systems  Integrate document imaging with workflow management  Fax Servers  Customer Resource Management  Extensive use in traditional business environment  Intranet Resources  Wiki  Forums ©2006 Shawn C. Monk
  14. 14. Emerging Technology  Mapping Your Future & Meteor  Integrated, personalized data for exit counseling sessions  Kuali Financial System  Enterprise-classfinancial management system for colleges & universities  Open Source Student Services System  Possiblyan alternative to proprietary student information systems? ©2006 Shawn C. Monk
  15. 15. Thanks! Shawn C. Monk, J.D. Technology, Regulatory & Project Management Consultant smonk@nimblemonk.com 513.488.0909 ©2006 Shawn C. Monk

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