Are all financial award notices the same and do they contain the same information?

    Published: 06-16-2009
    Views: 9,366
    Financial advisor Brad Barnett discusses whether all financial award notices are the same and if they contain the same information.

    Brad Barnett

    Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.  He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.  He has been involved in the financial aid and/or rehabilitation professions for the past 15 years. Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University.  Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University.  Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees.  In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.”  Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college.  He has also facilitated strategic planning and value development retreats.

    Host: Are all financial award notices the same, and do they contain the same information?

    Brad Barnett: It certainly would be nice and in the perfect world I think all financially reward notices would look exactly alike, but the fact is they don t. They can differ as in night and day. So, if you are looking for schools and you re comparing schools, make note that what you see in one financial award notice. It may not be the same thing you see on another. A great example of this is not all school s offer student loans upfront. So, you may have a financial aid award notice from one school who does and you see loans, you may have a notice from another school that doesn t and you do not see loans. That doesn t means you are not eligible for loans at that second school. They are not just offering them upfront, so you need to touch base with them and find out what s going on.