Accurate assessment
Whenever you award tuition aid, it is critical to accurately assess a family's ability to pay. Compliance with your 501(c)3 only requires that you consistently apply the same criteria to each applicant. This only guarantees equality. It does not guarantee accuracy. An accurate evaluation should tell you with a high degree of certaintly how much a family can truly afford.
An accurate assessment will accomplish two very important functions:
1) Enable you to help the family in a manner that will allow them to pay tuition and survive financially.
To give a family an inadequate award will certainly entice them to enroll, most of the time. Way before they ever apply for aid they have decided they want to enroll their child in your school. Most families don't have a very good handle on their ability to pay tuition, so if it looks like your aid package will help them, they'll enroll. Unfortunately, if the amount is inadequate, there will eventually be a time when they have to choose between tuition and another high priority demand. If they choose against tuition, they will leave and your tuition aid will not have provided their child with a Christian education, but rather a Christian interlude to a secular education.
2) Enable you to help the maximum number of families.
If 2 families get a awards that are 50% too much, there will be a third family who will get nothing because you won't have the funds available.
CFS's Confidential Financial Analysis accurately and quickly evaluates a families ability to pay.
You can even choose to have us verify the family's information for reliability.
(copyright) Confidential Financial Services, 2009
PO Box 6903 Colorado Springs, CO 80934
888-685-5783
info@cfainfo.net
An accurate assessment will accomplish two very important functions:
1) Enable you to help the family in a manner that will allow them to pay tuition and survive financially.
To give a family an inadequate award will certainly entice them to enroll, most of the time. Way before they ever apply for aid they have decided they want to enroll their child in your school. Most families don't have a very good handle on their ability to pay tuition, so if it looks like your aid package will help them, they'll enroll. Unfortunately, if the amount is inadequate, there will eventually be a time when they have to choose between tuition and another high priority demand. If they choose against tuition, they will leave and your tuition aid will not have provided their child with a Christian education, but rather a Christian interlude to a secular education.
2) Enable you to help the maximum number of families.
If 2 families get a awards that are 50% too much, there will be a third family who will get nothing because you won't have the funds available.
CFS's Confidential Financial Analysis accurately and quickly evaluates a families ability to pay.
You can even choose to have us verify the family's information for reliability.
(copyright) Confidential Financial Services, 2009
PO Box 6903 Colorado Springs, CO 80934
888-685-5783
info@cfainfo.net

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