Asserting that confusion about the treatment of merit-based or categorically-based aid has revealed the need for a generalized financial aid reporting methodology, suggests a procedure for financial aid reporting that recognizes differing treatment of need-based aid before and after awarding. Offers general information about the theoretical…

Albany Junior College, a two-year public institution having 25 percent of its 2000-student population receive financial aid, has begun a new voucher system to disburse funds. No funds are released to the student until at least three weeks after registration. The voucher system is described and assessed. (LBH)

One institution's several years' experience with the Department of Education's Quality Control Project, which is attempting to ascertain the value of student financial-aid application-verification efforts, is summarized and commented on. (Author/MSE)

Computerization often requires more staff for coding, keypunching, and editing, but the management information obtained is invaluable for completing the Fiscal Operations Report and the Tripartite Application for Student Aid Funds, as well as for improving knowledge of and control over the financial aid operation. (Author/LBH)

The Financial Aid Office at the University of California, Berkeley, commissioned a small pilot study to field test the use of student journal expenditure diaries to verify the adequacy of financial aid student budgets. The technique was considered successful and will be continued. Expenditure Diary Survey forms are included. (JT)

Postsecondary institutions are facing serious and mounting difficulties with the Veterans Administration as they continue to certify veteran students as eligible for educational financial benefits. Charges of prima facia school liability and ways to avoid them are discussed. (Author/LBH)

A computer-assisted financial aid system used at Eastern Connecticut State College is outlined as an example of how a data system can be utilized on a small campus. It can provide foolproof accountability, up-to-date information, efficient turn-around time, and overall improvement of program administration. (Author/LBH)

A process of work-study job placement at the University of South Carolina which improves the efficiency of program management is described, including a preliminary campus survey, a manual for employers, and a job board from which students can select preferred jobs. A sample job advertisement and award letter are included. (MSE)

Changes in the payment and reporting procedures of the Basic Educational Opportunity Grants are proposed. Removing the Student Eligibility Report (SER) as a payment device is advocated. The SER is useful as an acknowledgement form to the applicant, a data correction device, and a document to begin validation efforts. (MLW)

A study of college students' money management knowledge examined student understanding of credit cards, insurance, personal loans, recordkeeping, and overall financial management. Student characteristics associated with differences in knowledge level were identifed. (MSE)