This presentation was used during the 2014 Bonne Directors and Coordinators meeting. It gives an overview of financial aid and recruitment strategies.

1. Overview of
Recruitment, Selection
& Funding Process
Bonner Scholarship
Guidelines

2. What We’ll Cover
• Bonner Recruitment & Selection
• Bonner Financial Aid Package
• Bonner Summer Service Funding
• Bonner Loan Reduction
• Semester Reporting Process in BWBRS
• Other Bonner Scholarship Funding
• Bonner Scholar Endowment Access

3. How to Recruit
Four year commitment
Build into school recruitment
&and admissions process as
yield tool - liaison
Engage current Bonners in
process
Application process
On-campus interviews if
possible
Example:::s-Rhodes, Lindsey Wilson

4. How to Promote

5. Who to Recruit
Estimated Family Contribution:
•15% any EFC
•85% < $10,000 with
average < $6,000
!
Gender Balance:
•% no more than 60/40
!
Diversity:
•> than school %

6. Replacing a
Bonner
Estimated Family Contribution
< $< < $12,000
Should have an application
process
Draw from pool of students
already active in service
Do not need to involve
students (but can

7. Bonner Scholar
Financial Package
Four year commitment
Meets total cost of education
Loans capped at Stafford
level
Bonner service =is “paid
work”
Summer stipends for living
and earnings

8. Bonner Summer
Service Funding
Two summers required
280 hours per summer
Students find summer
service placements
Students propose budget
for living stipend
May budget summer living
stipend for future summer
service expenses

9. Loan
Reduction
Qualify for $2,000
Must complete all program
requirements
Must be applied directly to
student loans upon graduation
(or other educational expenses)
Student has option to have
withheld up to 7 years

10. Bonner Scholar Financial Aid Package
$0
$12,500
$25,000
$37,500
$50,000
Student 1 Student 2 Student 3
$34,500
$39,000
$42,500
$2,500
$2,500
$2,500
$5,000
$5,000
$5,000
$8,000
$3,500
Grants, Scholarships,!
Federal Work Study
Bonner Scholarship
Student Loan(s)
Family Contribution

11. Semester Reporting in BWBRS
Report Who
Fall Spring Summer
(complete the week after semester starts)
Registrar’s List
School
✓ Create Registrar’s List (week after semester starts)
✓ Submit Change of Status
Foundation ✓ Approve Change of Status
School
✓ Confirm List is Ready to be Locked
✓ Notify Foundation to Lock Registrar’s List
Foundation
✓ Lock Registrars List (automatically creates Allocation
Report)
Allocation
Report
School ✓ Review & Edit Allocation Report
Foundation
✓ Approve & Lock Allocation Report
✓ Email Allocation Approval Letter
Reimbursement
Report
School
✓ Review & Edit Reimbursement Report
✓ Notify Foundation to Lock Reimbursement Report
Foundation
✓ Approve & Lock Reimbursement Report
✓ Email Reimbursement Approval Letter (if needed)

12. Bonner Summer Service Funding
1st
Summer
2nd
Summer
3rd
Summer
Living
Stipend
$1,000 $1,000
Earnings
Stipend
$1,500 $1,500
Rising Senior
Fund
$500
TOTAL $2,500 $2,500 $500

13. Other Bonner Scholar Program Funding
Fund Source Amount Process
1st Year Service
Trip
Per Student
Allocation
$250 per
freshmen + two
staff
Proposal to Fnd
at least 6 wks in
advance
Sophomore
Exchange
Per Student
Allocation
$50 per
sophomore
Added to Admin
Fund in Fall
Allocation
Local Summer
Service
Per Student
Allocation
$75 per student
Proposal to Fnd
at least 6 wks in
advance
Junior/Senior
Leadership Fund
Unexpended Bonner
Scholarship Funds
from Prior Year
Calculated by
Foundation
Proposal to Fnd
at least 6 wks in
advance

14. Bonner Scholar Endowment Access
Fund Amount Process
Allocations Per Student Allocation
Semester Allocation
Reports in BWBRS &
Proposals to Foundation
Semester
Reimbursements
Allocation less Actual
Expenditure =
Reimbursement
Semester
Reimbursement Reports
in BWBRS
Enrichment Fund
General Fund less Annual
Budget = Enrichment Fund
Annual Summer
Proposal to Foundation
Supplemental
Financial Aid
Supplemental Financial Aid
Fund less $ Needed for
General Fund = $ SFA
Included in Annual
Proposal to Foundation