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Agenda Item (VI-B-6-c)

Meeting11/17/2015 - Regular
Agenda ItemConsent Agenda Action (VI-B-6-c)
SubjectContract for Financial Aid Default Prevention Program with Parker, Pierson and Associates
College/DistrictRiverside
Funding
California Community Colleges Chancellor's Office
Recommended ActionIt is recommended that the Board of Trustees approve the contract for the period of July 9, 2015 through July 8, 2016 in the amount of $145,882.

Background Narrative:


Riverside City College is the fiscal agent for the California Community Colleges Chancellor’s Office for the purpose of coordinating the disbursement of contract C14-0040 funds (Financial Aid Set-Aside). The set-aside funds support various statewide financial aid training and consulting activities to enhance the distribution of Financial Aid at California Community Colleges. This contract will allow Parker, Pierson and Associates, in conjunction with the California Community Colleges Chancellor’s Office, to develop and implement a comprehensive, multi-faceted default prevention program. Parker, Pierson and Associates will compile a detailed analysis of school loan data to determine which colleges are experiencing, or are expected to experience compliance problems, as well as serve as a college level consultant on regulation and compliance issues, and provide system-wide financial aid literacy consulting. The contract is for one year with possible annual renewals contingent on the availability of funds. All costs associated with administering this contract will be paid by the Financial Aid Set-aside Grant; there is no cost to the District.
Prepared By: Wolde-Ab Isaac, Chancellor
 Mazie Brewington, Vice President, Business Services (Riv)
Michael Wright, Director, Workforce Preparation Grants and Contracts