Overview of Recruitment, Selection & Funding Process

Bonner Scholarship Guidelines

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

How to RecruitFour 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

How to Promote

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 %

Replacing a BonnerEstimated 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

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

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

Loan ReductionQualify 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

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 ScholarshipStudent Loan(s)

Family Contribution

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)

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

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

Bonner Scholar Endowment AccessFund Amount Process

Allocations Per Student AllocationSemester 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