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Monmouth College creates Office of Student Financial Planning to help families navigate a college education

Duane Bonifer
05/10/2017
Students receive help planning and budgeting for four years of college, courtesy of Monmouth’s newly created Office of Student Financial Planning.
When prospective students and their family members visit Monmouth College, they receive more than academic guidance about how to apply to the national residential liberal arts college. They also receive help planning and budgeting for four years of college, courtesy of Monmouth’s newly created Office of Student Financial Planning.

“Our goal is to assist families by helping them plan for their student’s future,” said Associate Vice President of Student Financial Planning Jayne Schreck, whose office oversees the College’s work-study, grants, scholarships and loan programs. “It goes beyond helping families navigate the financial aid process by making sure they fill out the right forms. True financial planning includes helping families find the right financial fit and exploring options which make a Monmouth education a reality for them. Our goal is to not only ensure that Monmouth is a great academic experience for our students but also a financially painless experience for their family.”

Vice President for Enrollment Management and Communications Trent Gilbert said that creating the Office of Student Financial Planning aligns with Monmouth’s approach “to recruit alumni.”

“As an institution, we do not simply recruit new students, we recruit graduates,” Gilbert said. “We want to help a student and their family plan not just for their first year but all four years of their Monmouth experience.”

As Schreck noted, “every family that comes to Monmouth is unique.”

“Not all families come into higher education equally prepared financially,” she said. “It’s our responsibility to talk through options with families to ensure the College is a good financial fit for them.”

Monmouth’s approach to working with prospective students and their family members is uncommon in higher education, Schreck said.

“We do a lot of hand-holding with families,” she said. “We sit down with them and plan out their college experience.”

And Schreck noted her office continues to work with Monmouth students once they become alumni.

“We help graduates understand how to manage and pay back their student loans so they can get off to a strong start in their careers,” she said.