Money Doesn't Grow On

Trees

2

- Increased Communications- Email Notification

- Note-Box

- E-Chats

- Maintaining OSFS Mailbox - Addressing students’ concerns and queries

Building Relationships with Students

3

- Enhancing One-On-One Interviews- Providing Options and Alternatives

- Examining In-House Student Practices Each student leaving with a referral in hand

- Web-Site- Web-Based Document Tracking

- Goal To reduce frequent calls and visits by having increased relevant information available on the site

Building Relationships (con’t)

4

- Out-Reach Programs- Professional Speakers

- Murray Baker, author of “The Debt-Free Graduate” spoke at last year’s orientation

- Participation in Fall/Winter Orientation Sessions

- Recruitment Fairs and Parent Orientation- SFS always remains aware of the admissions

cycle

Building Relationships (con’t)

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- Student Client Services- SFS Goal for SCS

- Goal Facilitated By…

- Colleges- Facilitated Orientation Sessions

- SFS Goal for Colleges

- SFS Continued Plan

Building Relationships (con’t)

6

- Keenness

- Entrepreneurship

- Excellence

- Perseverance

Encourage Students to KEEP…

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Keenness

As far as awards and scholarships are concerned:

- Look Early- Millennium Excellence Entrance Awards- York Undergraduate Entrance Award

- Prep Early- Write, re-write and re-write.

- Submit Early- Don’t wait until the last minute.

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Entrepreneurship

- Look into different sources of funding.

- A combination of different sources of funding is now required: personal and family savings, loans, grants, bursaries, scholarships, work income

- Where to look:- Internet search, i.e. External Awards webpage at www.yorku.ca/osfs- Future Students page

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Excellence

Strive for Excellence

- In all their current and remaining high school courses, to the very last final exam.- York Entrance Scholarships – based on final averages

- In their leadership, volunteer and extracurricular activities.

- In completing their scholarship applications.

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Perseverance

- Continue to search for financial aid opportunities- After admission to preferred program- Once registered for courses- Throughout university career

- Where to look- Awards web search at www.yorku.ca/osfs

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- $49 million in 06-07

- $41 million in 07-08

- $32 million in 08-09

- $44 million in 09-10

Student Assistance Enhancements

Benefits to 135,000 Low and Middle Income Students

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- Increase in loan limits

- Canada Access Grants

- Computer allowance as costs

- Reduced parental contribution

- Frozen tuition for 05-06

Harmonized Federal & Provincial Initiatives for

2005-06

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Single = $ 350 $350 x 34 = $11,900 Married = $ 545 $545 x 34 = $18,530 Sole Support = $ 545

Ontario Student Opportunity Grant levels remain unchanged$7000 for two-terms $10,500 for three-terms

1) Increase in Weekly Loan Limits

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- Millennium/Ontario Access Grants up to $3000 (1st year)

- Canada Access Grants up to $3000 (1st year )

- Ontario Access Grants up to $3000 (2nd year)

- Based on net family 2004 income

- Replaces loan assistance

2) Access Grants for 1st and 2nd Year Dependent Students for Low Income

Family

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Canada Access Grant for Students with a Permanent

Disability – Up to $2000

Family Net Income Thresholds (2005-2006 Loan Year)Access Grants for Students from Low-Income Families (1)

Number ofdependent

children thatparents have (2) 1 - 3 4 5 6 7 8 9 10

Parents' net income(

3) $35,595 $39,912 $44,228 $48,544 $52,860 $57,176 $61,492 $65,808

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Single dependent 1st year student

Living in residenceFamily of 4, 2 dependentsParental income of $28,000

Results 2005-06 2004-05Canada Access Grant $ 1,750 n/aFederal loan $ 5,390 $ 5,610Millennium/Ontario Access Grant $ 1,750 n/aProvincial loan $ 3,010 $ 3,730

Totals $ 11,900 $ 9,340

Example 1

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Single Dependent 2nd Year Student

Living in residenceFamily of 4, 2 dependentsNet family income = $34,000Permanent disability

Results 2005-06 2004-05Canada Access Grant – Permanent Disability $ 2,000 $2,000Federal loan $ 5,995 $ 5,610Millennium Bursary $ 3,000 $ 3,000Ontario Access Grant $1,560 n/aProvincial loan $ 200 $ 740

Totals $ 12,755 $ 11,350

Example 2

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Family of 4, one child in postsecondary, attending a 34-week program of study

Gross Parental Income 2004-2005

Expected Contributions 2004-2005

Expected Contributions2005-2006

Reduction2005-06

$50,000 or less 0 0 0

$60,000 $1,107 $584 $ 523

$70,000 $4,307 $2,315 $1,992

$80,000 $7,434 $4,884 $2,550

$90,000 $10,791 $8,241 $2,550

3) Computer Allowance of $500 Considered as Costs

4) Reduced Expected Contribution from Parents

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Contact Information

Nevia Jelenic – njelenic@yorku.ca

Marcia Howell – mhowell@yorku.ca

Jiffin Arboleda – arbolej@yorku.ca