January 26, 2021

Finance Subcommittee Minutes

Committee Members Present:

  • James Kubacak – Director, Financial Aid (Co-Chair)
  • Grayson Meek – Director, Financial Services (Co-Chair)
  • Rene Clay – Associate Director, Student Accounts Receivable
  • Shelley Cotten – Coordinator, Operations & Scholarships, MCC Foundation
  • Rita Jacinto – Coordinator, Administrative Systems
  • Jerry Knutson – Research Analyst, Institutional Research
  • Tom Proctor – Director, Program Review, Planning and Assessment
  • Sandi Jones – Associate Director, Financial Aid
  • April Robinson – Associate Director, Financial Services

 Committee Members Absent:

  • N/A

Agenda Topics:

  • Discuss incentive items for enrollment idea.
  • Work on timeline and action items needed to implement financial aid award date move by 2022-23 school year.
  • Give update on enrollment of Restart program.

Action Items and Timelines:

  • Grayson starts meeting at 1:32PM.
  • Discussed possible incentive program to students for enrolling in classes.
    • Will discuss specific incentive ideas and their financial impact at the next meeting from all subcommittees.
    • Think of specific incentives to be evaluated at the next meeting.
  • Talk about incentive idea to think about
  • Discussion of the timeline and action items to implement the financial aid award date move by Fall 2022.
    • Will start by moving the award date for the Fall 2021 semester to the 6th class day.
      • This will be possible without changes for other areas or disbursement dates.
    • Discussed issues that students may have getting books.
      • Will contact other community colleges that align the financial aid award date and the census date to see how they handle this.
    • Discussed the roll inclusive access will play in future semesters
      • Will need to talk with Dean of Arts & Sciences to see how implementation will be handled in future semesters.
  • Rene updated us on the current enrollment in the Restart Program:
    • 45 students have signed up for the program.
      • 32 of the students are enrolled in Spring 2021 classes.
    • Students have paid a total of $7,832.84 to enroll in the program.
    • Financial aid has covered $1,800.00 of student debt.
    • A total of $18,306.45 of student debt is pending to be waived upon completion of the program.
  • Next meeting was decided for February 23rd, 2021 at 1:30PM.
  • Meeting ended at 2:15PM.