Document Type

Report

First-Year Success Program: Financial

Authors

Financial Working Group
Office of the Executive Vice President for Academic Affairs & Provost

Publication Date

2019

Abstract/ Summary

Student success is central to UMaine's mission, values, reputation and fiscal health. Improving first-year student success is a major focus for Academic Affairs and Student Affairs in 2018-2019. The goal is to develop an integrated plan of actions that will result in improved first year student success as defined by first year retention.

Financial

Develop a set of recommendations about ways financial aid might be used to increase first year student retention. In completing this work, consider the following questions:

1. What global evidence is there that financial factors impact first year retention at four-year institutions?

2. How do financial factors impact first year retention at UMaine, and how have UMaine's financial aid policies and practices been used to offset negative impacts?

3. What changes can be made to current financial aid policies and practices to improve first year retention?

4. What other strategies (outside of changes to financial aid policies and practices) might be used to address financial factors contributing to first year student retention? (For example: Fee structures, student employment plans and access for students, examining the impact of failed-and-retaken courses, etc.)

Repository Citation

Financial Working Group and Office of the Executive Vice President for Academic Affairs & Provost, "First-Year Success Program: Financial" (2019). General University of Maine Publications. 1967.
https://digitalcommons.library.umaine.edu/univ_publications/1967

Version

publisher's version of the published document

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