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| Endowment Tracking |
The College of Engineering (COE) provides a substantial amount of monetary support to deserving students. These monies come from funds allocated by the Dean of the College, corporate sponsors and individual contributors. Lately the College has been focusing its efforts on building endowed scholarships. Endowed scholarships retain the initial contribution and distribute investment earnings as scholarship awards.
Endowed scholarship money is used primarily to talented graduate students. Administrator's require reasonable funding projections in order to make financial aid offers to prospective students. The goal is to attract talented students; offering them financial assistance helps to attain this goal. The trick is to make as many monetary offers as possible without breaking the budget.
The University's Office of Student Aid (OSA) administers the endowment accounts and has developed a system to report endowment status. However, the interface is somewhat cumbersome and isn't granular enough to suite the needs of our departments.
The OSA was gracious enough to expose their warehouse tables to our college. We download this data when it is refreshed by the OSA. The data is then formatted, adding security information that allows us to subset the data by department.
This system allows college and department administrators to take full advantage of the endowed scholarship funds that are available to them. They can maximize their ability to recruit students by either offering larger amounts of money or offering more scholarships. |
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