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Shaking The Money Tree - Region XII


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Shaking the money tree - making the most of financial resources for international students. Presented at NAFSA Region XII

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Shaking The Money Tree - Region XII

  2. 2. Presenters  Raeann Nunez, M. Ed. Coordinator Student Services Gateway Community College  Keith Clausen President Envisage International
  3. 3. Agenda       Case Study Current Funding Climate Budgeting Appropriately On Campus Assistance External Aid Interactive Forum
  4. 4. Case Study Instructions    Each group gets a case study to analyze and discuss with fellow group members. As a group, discuss the issues and how you would address the problem. Each group will give an overview of the case study along with the approach your group would take.
  5. 5. Case Study 1  Pallavi Patel is a student from Ahmedabad, India. She is planning to attend Midwest Technical University in Fall of 2014. She has already been accepted as an F-1 student and has received her I-20 from the school. What school- related expenses does Pallavi need to budget for between now and the first day of school in August?
  6. 6. Case Study 2  An international student from Saudi Arabia comes to your office saying that he doesn’t have enough money to cover his books and other classroom supplies. You remember speaking to him two weeks prior and he had purchased a new BMW. How do you guide this student and get him back on the road to financial success?
  7. 7. Case Study 3  Flavia Vilela, a volleyball player from Brazil and a recipient of a full-ride athletic scholarship, just suffered her second torn ACL within less than a year. Her second surgery is scheduled for tomorrow. Flavia still has an outstanding balance from her first surgery for $5,000 which her insurance won’t cover. Flavia comes from a poor family and does not have the money to pay for her outstanding bills.  What help/advice can you give this student to help her with her outstanding bills and preventing them from being rolled over to collections?
  8. 8. Primary Sources of Funding 2011-2012 Personal and Family Funds (63%) U.S. College or University (23%) Home Government/University (6%) Current Employment (5%) U.S. Government (1%) U.S. Private Sponsor (1%) Foreign Private Sponsor (1%) Other Sources (1%) International Organization (0%) Open Doors Report 2012
  9. 9. Tuition On The Rise BLS: Tuition increases outpace all other areas
  10. 10. Choosing a School Critical decision point for every student Be realistic about budget and goals Factors: Rural v. Urban  Public v. Private  Community College v. Four-Year Institution 
  11. 11. Budgets: I-20 Costs UNDERGRADUATE 2013-14 Standard (Non-resident tuition rate) Tuition $26,248 Living Expenses $13,920 Insurance $1,432 Total $41,600    How do you evaluate the cost of living for the I-20? Is a complete summary of costs outlined to prospective students? Weighing recruitment versus advising Transparency on costs is key.
  12. 12. Budgeting – Be Complete  Educational costs (tuition & fees, registration, orientation, books, supplies, etc .)  Room & board  Health insurance  Transportation  Other necessities  Personal spending money  
  13. 13. Pre-Arrival and Early Arrival!        Airfare / transportation Potential interviews Visa / SEVIS fees Deposits (housing, apartment, etc.) Getting settled (purchasing items such as bedding, pillows, etc.) Lodging & food Athletes/others arrival before semester begins  Cafeteria & meals  Dormitories  Transportation
  14. 14. Post-Arrival: Orientation       Remind students of all costs and expenses. Inform students of all payment deadlines Talk to students about payment options and/or payment plans Offer budgeting workshops Warn students about possible budget risk factors Inform students where to go for help
  15. 15. Budget Risk Factors       Exchange rate fluctuations Interruption of funds (life changing event, political factors, natural disasters, etc. ) Inability to stick to a budget Withdrawal of funds from sponsor Loss of scholarship Unexpected costs (injuries & accidents, illness, sudden need to go home, etc.)
  16. 16. Post Arrival: Additional Resources  Clothing   Furniture   Churches, community lunches/dinners, volunteer work, food drives, friendship families and/or host families Supplies   Garage sales, donations, Recycle, second hand stores, thrift stores, friendship families and/or host families, international student associations (i.e. ASU Taiwanese Student Association – TSA) Food   Coat sales, shoe drives, thrift stores, second hand stores, garage sales, donations, seasonal sales, friendship and/or host families Faculty and staff, classrooms, classmates, bookstores, libraries Bicycles & other gear  Campus co-op, student activities office, second hand stores, stores, donations, garage sales thrift
  17. 17. Student Employment Let your students know of the employment possibilities such as:  On campus student jobs/ work study positions    Curricular Practical Training (CPT)    Separate from federal work study program/FAFSA 20 hours/week Full-time Part-time Optional Practical Training (OPT)  One year of work
  18. 18. Student Employment at GWCC  Student employment – annual budget line $23,000 -$26,000  Restricted to international F-1 students  Employs 3-5 students per Fall & Spring Semesters for10 – 20 hours, & 1-3 students for summer semester 20 – 40 hours.  Provides supplemental income  Assist in the acculturation process  Exposes student to additional resources on campus   Student leadership opportunities   Scholarships Outreach events Increases F-1 student retention
  19. 19. Student Employment at GWCC  International Student Peer Mentor Program  Significant component of student employment program  Supports International Student Club  Promotes student engagement in extracurricular activates on campus  Promotes student success
  20. 20. Student Employment at GWCC  International Student Peer Mentor Program  Supports student leadership development  Supports international student services  Promotes international student visibility on campus Peer Mentors Student Commencement Speaker, May 2013
  21. 21. Student Employment at GWCC  Who Benefits – Stakeholders     International Students Employees Strengths     Students Workers (F-1) College Community Value the opportunity to earn income & gain work experience Strong work ethics Multi lingual & multi cultural, valuable skills needed to provide services to a diverse student population Supports Internationalization of Campus  Their input/voices are heard Student Employee of the Year 2012-2013 For Excellence Job Performance
  22. 22. On Campus Financial Aid: Scholarships, Grants & Fellowships  Notify and explain to students the scholarship qualifications/deadlines  How    should they apply? Are there any grants available? Are there possible sponsors? What fellowships can students apply for?
  23. 23. Scholarships & State Laws Challenges in Meeting Eligibility Requirements       Arizona Immigration Law Facts HB2008 (See generally Arizona Revised Statutes §§1-501 and 1-502) Under this law passed in 2009, MCCCD, in administering any "federal public benefit" or "state or local public benefit," must require each natural person who applies for the benefit to submit one of 12 specific types of documents to demonstrate lawful presence in the United States (see Acceptable Documents to Establish Lawful Presence). That person must also sign a sworn affidavit stating that the documents are true. Failure of an MCCCD employee who administers that MCCCD benefit to report "discovered violations of federal immigration law" is a class 2 misdemeanor. The employee's supervisor is also guilty of a class 2 misdemeanor if he or she knew of the failure to report, and failed to direct the employee to do so. Only those with a lawful presence in the U.S. may qualify for MCCCD scholarships or federal financial aid. Any information you provide about your legal status when you apply for financial aid or scholarships may be subject to mandatory reporting to federal immigration authorities under Arizona law. This does not apply to applications for the private scholarship funds held in and distributed by the Maricopa Community Colleges Foundation. SB1070 Proposition 300 (Citizenship/Legal Status ) Residency and Citizenship Information, Maricopa Community College, 2013,
  24. 24. Who Can You Turn To: Institutional Support  Alumni Association(s)   International Clubs     Involvement on campus can include mobilizing clubs to raise funds for scholarships. Student Organizations   Can your alumni associations help you develop a scholarship fund? Many schools have international organizations (like a Chinese student association) – can they help? Non-Profit Organizations Religious Groups Immigration Community
  25. 25. Connecting With Students How do you get the message out for scholarships, workshops, drives, etc.?  Social media  Listserves  Website  Other (boards, office)
  26. 26. External “Free” Money     Scholarships Grants Fellowships Assistantships
  27. 27. External Resources for International Students
  28. 28. Additional Scholarship Resources       Other scholarship resources? Does anyone track successful scholarship applicants?
  29. 29. Bridge the Gap: International Student Loans • Stafford Loan • Perkins Loan • PLUS Loan Which of these are available to an international student?
  30. 30. Bridge the Gap: International Student Loans Private International Student Loans • Same as US students • Online application • Reasonable interest rates • Repayment and deferral options • US co-signer required!
  31. 31. Compare Lenders for International Students
  32. 32. Interactive Forum  What award programs do you offer international students at your school and how do they work?
  33. 33. Interactive Forum  Does your school work with organizations in the community to support your international student population? Who? And how did you develop those relationships or programs?
  34. 34. Interactive Forum  What are some challenges that your international students face when it comes to financing their education?
  35. 35. Thank you! Keith Clausen Envisage International 224 First Street Neptune Beach, FL 32266 (904) 247-1387 ext 101 Raeann Nunez 108 N. 40th Street Phoenix, AZ 85034 602-286-8063