Financial Aid for Texas Students

Report
TASFAA ABC’s Pre-Conference Workshop
October 10, 2012
Jane Caldwell
Director, Grants and Special Programs
Texas Higher Education Coordinating Board
[email protected]
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Purpose
Created by the Texas Legislature in 1965 to provide leadership and
coordination for the Texas higher education system to achieve
excellence for the college education of Texas students.
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Responsibilities
• Assess the state of higher education in Texas;
• Develop recommendations to the Legislature, Governor, and
institutions for its enhancement; and
• Establish policies for the efficient and effective use of the state’s
higher education resources.
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Provide service to students, families, and institutions.
Interpret legislation and develop rules.
Allocate available funding and process funding requests.
Process applications.
Collect student loan payments and process benefits.
Provide training.
Perform program reviews and audits.
Collect and provide information requested by the
Legislature.
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1.
2.
3.
4.
Legislature passes a statute authorizing a program.
Legislature appropriates funds – or not.
THECB writes & adopts rules – if applicable.
Programs are administered as:
• Centralized (CB-Based)
• Decentralized (Campus-Based)
• Solely at the institutional level
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Grants, Scholarships, Loans, and Work.
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Exemptions – allow lower tuition/fees for certain groups.
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Waivers – allow resident fees for non-resident students.
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Trends:
• Encourage efficiency through:
• required enrollment.
• performance.
• completion.
• Penalize inefficiency through:
• time limitations.
• drop limitations.
• added costs for exceeding limitations.
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Institutional
14%
Federal
$6,646,564,409
State
$623,420,767
Institutional
$1,328,685,982
Other
$902,051,710
Total
$9,500,722,868
Other
9.5%
State
6.5%
Federal
70%
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Participation:
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Eligible institutions – defined in statute
Signed agreements/MOU’s with the CB
Statutes and rules
Program guidelines and allocations
Funding requests and required reports
Audits and program reviews
Shadowing Federal Processes:
• Federal Methodology (FM)
• FAFSA or TASFA (residents unable to complete FAFSA process)
• Verification
• SAP, unless overridden by state SAP requirements
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Provide grants to needy students at public institutions.
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Funded through statutory tuition set-asides.
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Eligibility requirements:
• enroll at a public institution
• financial need
• register with Selective Service or be exempt (public universities, healthrelated institutions, TSTC campuses and Lamar State Campuses – not
community colleges)
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Awarded based on institution’s policies and procedures.
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Eligibility continuation:
• not an entitlement – renewal awards occur at the institution’s discretion
• no statutory end to student eligibility
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Provide grants to academically-prepared needy students at public
institutions – funded through appropriations.
Initial eligibility requirements:
• entering undergraduate with the recommended high school curriculum (or
higher) or an associate’s degree.
• Texas resident with need, an EFC < 4,000, and enrolled at least ¾ time.
• registered with Selective Service (or exempt) and no drug conviction.
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Renewal eligibility requirements:
• calculated need
• end of 1st year – institution’s SAP policy; end of 2nd year and thereafter –
overall GPA of 2.5, 75% annual completion rate, and 24 SCH’s completed/yr.
• eligibility ends with bachelors, 150 grant SCH’s, or 5 yrs for 4-yr plan/6 yrs for
5-yr plan.
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Stronger emphasis needed to improve student outcomes and
increase student success by giving priority to financially needy
students who achieved certain standards/proven success
benchmarks.
Priority will be given to students who meet the priority deadline and
have any two of the following :
Advanced Academic Programs
(12 SCH, DAP, or IB)
Class Standing
(top 3rd of class or B average)
TSI Readiness
(meet TSI thresholds or be
exempt)
Advanced Math
(math class beyond Algebra II)
Left-over funds after priority students are awarded will go to other
eligible students meeting current requirements.
Only applies to universities, Lamar-Orange and Lamar-Port Arthur.
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Provide grants to needy students at public 2-yr institutions.
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Funded through appropriations
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Initial eligibility requirements:
• entering undergraduate not receiving a TEXAS Grant.
• Texas resident with need,EFC < 2,000, and enrolled at least ½ time.
• registered with Selective Service (or exempt) and no drug conviction.
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Renewal eligibility requirements:
• calculated need.
• end of 1st year – institution’s SAP policy; end of 2nd year and thereafter –
overall GPA of 2.5 and 75% annual completion rate.
• ends with associate’s degree, 75 SCH’s, or 4 yrs.
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Provide grants to needy students at private/non-profit institutions.
Funded through appropriations.
Eligibility requirements:
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Texas resident or National Merit Finalist with need and enrolled ≥¾-time.
Undergraduate or graduate.
registered with Selective Service (or exempt).
not receiving an athletic scholarship.
required to pay more tuition than is required at a comparable public inst.
Eligibility continuation:
• GPA of 2.5 and annual completion rate of 24 hrs per yr UG and 18 hrs per yr
GR.
• UG – 5 yr max for 4 yr degree, or 6 yr max for 5 yr degree.
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Purpose is to encourage outstanding high school graduates in the
top 10 percent of their class to attend a public institution in Texas funded through appropriations.
Eligibility requirements:
• Texas resident registered with Selective Service (or exempt).
• complete Recommended or higher curriculum, graduate from a public or
private high school in Texas and rank in the top 10 percent of the HS
graduating class.
• submit the FAFSA/TASFA by the established deadline and (COA – EFC –
PELL >=$1).
• enroll full-time in the fall semester and maintain full-time enrollment
through the census date.
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Continued Eligibility
• cumulative 3.25 GPA, complete 30 SCH and 75% of the hours attempted
in the previous year.
• Bachelor’s degree or 4 years – whichever comes first.
• Bonus Award – junior/senior in workforce shortage area.
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Purpose is to provide eligible Texas students no-interest loans
and loan forgiveness upon graduation for meeting specific
goals – funded through appropriations and tuition set-asides
from 4 year public universities.
Eligibility requirements:
• Texas resident enrolled full-time and eligible for federal aid.
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Eligibility continuation:
• end of 1st year – institution’s SAP policy.
• thereafter, overall GPA of 2.5; 75% completion in the most recent year.
• ends with completion of a Bachelor’s degree or 150 hours of BOT.
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Repayment benefits:
• loan forgiveness if graduation within a certain time frame, number of
hours, and with a certain GPA.
• 0% interest loan if not eligible for forgiveness.
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Purpose is to provide alternative loans to Texas students who
are unable to meet the cost of attendance.
Available at public and private/non-profit institutions.
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Funded through the sale of state bonds.
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Eligibility requirements:
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• Texas resident enrolled at least ½ time.
• receive a favorable credit evaluation or provide an eligible cosigner who
has good credit standing.
• meet the institution’s SAP policy.
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Purpose is to provide eligible Texas students employment as a
means to fund their education.
Available at public and private institutions and funded through
appropriations. Matching funds required unless proof is
provided that matching is waived for FCWS.
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Eligibility requirements:
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Texas resident with financial need and enrolled at least ½-time.
Registered with Selective Service (or exempt).
Not receiving an athletic scholarship.
Not enrolled in a seminary or other religious program.
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Exemptions/Waivers:
• Hazlewood Exemption, Peace Officers and Fire Fighters Exemption, etc.
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Scholarships:
• Kenneth Ashworth Scholarship, Good Neighbor Scholarship, etc.
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Programs not funded beginning with 11/12:
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Educational Aide Exemption*
Early High School Graduation Scholarship
Combat Exemption*
Professional and Vocational Nursing Scholarships
TANF Exemption*
Byrd Scholarship
LEAP/SLEAP Grants
* Exemption may be honored without reimbursement.
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1-800-242-3062 or 512-427-6340
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[email protected][email protected] or extension #6393
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G&SP Distribution List:
• Official communications – program guidelines, allocations, etc.
• Subscribe or unsubscribe:
• http://lists.state.tx.us/mailman/listinfo/txgnsp-l
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G&SP Information Site:
• Webinars, program information, report information, etc.
• https://www1.thecb.state.tx.us/apps/SpecialPrograms/
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