Require Counseling
If you go to the doctor and he says your numbers are not good, he will tell you: "You can not carry on the way you are and expect to last for very long." We may need to tell families receiving financial aid the same thing.
Our standard recommendation for maximum tuition aid is 50% of the the tuition amount. If a family receiving aid cannot afford even their half of the standard tuition, often schools will make an exception for them. This exception is typically because of a circumstance that, hopefully, has a time limit.
If you make an exception to your standard award that enables them to enroll, we recommend that you require that they see a financial counselor.
Better yet, provide training for an employee in your school, or a family, or even a board member, so that they can become certified as a Crown Financial Coach.
To find a free coach in your area, the family must request a contact name from Crown. You cannot do this for them. They can do this at: www.crown.org/financialwisdom/church/budgetcoach.asp or by calling 800-722-1976.
An alternative: you may be able to find a free non-profit financial counselor in your area by going to dexonline.com and searching for "credit & debt counseling."
Some schools have even required every family receiving tuition aid to attend a series of money management. Do this and you may find non-aid families asking to attend as well.
Our standard recommendation for maximum tuition aid is 50% of the the tuition amount. If a family receiving aid cannot afford even their half of the standard tuition, often schools will make an exception for them. This exception is typically because of a circumstance that, hopefully, has a time limit.
If you make an exception to your standard award that enables them to enroll, we recommend that you require that they see a financial counselor.
Better yet, provide training for an employee in your school, or a family, or even a board member, so that they can become certified as a Crown Financial Coach.
To find a free coach in your area, the family must request a contact name from Crown. You cannot do this for them. They can do this at: www.crown.org/financialwisdom/church/budgetcoach.asp or by calling 800-722-1976.
An alternative: you may be able to find a free non-profit financial counselor in your area by going to dexonline.com and searching for "credit & debt counseling."
Some schools have even required every family receiving tuition aid to attend a series of money management. Do this and you may find non-aid families asking to attend as well.
posted by John | 7:56 AM
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