RE: FINANCIAL AID TIMING

From: MIKE ALLEN (ALLENM@pbac.edu)
Date: Mon Feb 25 2002 - 13:02:50 EST

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    Bruce-
    Answers for Palm Beach Atlantic embedded below.

    Mike

    -----Original Message-----
    From: Bruce A. Hoeker [mailto:bhoeker@gbcol.edu]
    Sent: Friday, February 22, 2002 3:38 PM
    To: Bursar List; ABACC Listserv
    Subject: FINANCIAL AID TIMING

    I have several questions about your financial aid awarding.

    (1) When do you send award letters to prospective students? Do you do them
    in "waves" or individually? If you do them in waves, when is your first
    wave? We have done them individually in the past, but we are transitioning
    to a weekly wave this year.
    Our first awards are targeted for mid-March.

    (2) Do you estimate any federal/state awards on your award letters? Or do
    you wait until you know exactly how much a student is to receive? We award
    federal and state on the initial award and adjust as necessary.

    (3) Do you verify the student before sending an award letter?
    No, we verify before disbursing.

    Your help would be appreciated.

    ====================================
    Bruce A. Hoeker
    Vice President for Business & Finance
    Grace Bible College
    1011 Aldon Street S.W.
    P.O. Box 910
    Grand Rapids, MI 49509
    Phn: 616-538-2330
    Fax: 616-538-0599
    Email: bhoeker@gbcol.edu
    Web: www.gbcol.edu

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