Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk
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Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk

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Peter Van Buskirk from Best College Fit shares his experience and knowledge of the waitlist, admissions offers and how to guide parents and families though the college decision process.

Peter Van Buskirk from Best College Fit shares his experience and knowledge of the waitlist, admissions offers and how to guide parents and families though the college decision process.

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Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk Interpreting Outcomes for Bewildered Applicants with Peter Van Buskirk Presentation Transcript

  • Interpre'ng  Outcomes  for   Bewildered  Applicants   Peter  Van  Buskirk   Author,  Speaker   Former  Dean  of  Admission   Peter@BestCollegeFit.com   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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk The  Enrollment  Model   selec=vity     yield         Applica=ons       Acceptances       Enrollment                     8,000       2,000       500                  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk Doors  of  Enrollment   ED      EA              REG                  WL                Other   Yield Ratio ??80% 20% 75%95% 1:1 5:4 5:1 4:3
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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      
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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”?  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk Financial  Aid  Matrix   No Need Low Medium High High Medium Low Non- Admits Students’ Demonstrated Need Students’Desirability 65% Number: ____ Projected Yield: ____ Average EFC: ____ SAT Profile: ____ GPA Profile: ____ Net Revenue: ____ 5%
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk Financial  Aid  Comparison  Worksheet   1 Calculations for Year One of College College A College B College C College D College E First Year Educational Costs: Tuition 40,114 31,904 12,388 26,825 Fees Books/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 Loan Federal 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
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk 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  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk Ques1ons   ???  
  • www.BestCollegeFit.com © 2014, Peter Van Buskirk Peter  Van  Buskirk   College  Orienta1on  Programming   Contact  Info:     ▲ Students  &  Parents   ▲ College  Access  Professionals   ▲ 717.808.5462   ▲ Peter@BestCollegeFit.com