Financial Aid Update

Report
TASFAA, Fall 2012
Jane Caldwell
Texas Higher Education Coordinating Board
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Effective beginning with the 2013-14 application period.
Applies to the general public academic teaching institutions
(public universities, Lamar-Orange, and Lamar-Port Arthur).
To aid in prioritizing limited funding to eligible students.
Institutions have the flexibility to define what it means to meet
the priority deadline at the institution.
March 15 is also the date for priority 1 eligibility consideration for
the Top 10 Percent Scholarship Program at all public institutions.
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Effective beginning with the 2013-14 application period.
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Impacts students who:
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graduate from HS in May 2013 or later;
meet the priority deadline;
are initial applicants; and
are attending the general public teaching institutions (public universities,
Lamar-Orange, and Lamar-Port Arthur).
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RHSC, ADP or equivalent.
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Classification as a resident of Texas.
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Registration with Selective Service, or exemption.
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No felony conviction or crime involving a controlled substance.
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Demonstration of financial need (EFC cap).
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Enrollment at least ¾-time as:
 An entering undergraduate within 16 months of HS graduation, or
 A continuing student who has acquired an Associate’s Degree and enrolls
at an eligible institution within 12 months.
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In addition to the basic eligibility requirements, students must
meet requirements in at least 2 of the following 4 areas for
priority consideration:
Area
Requirement(s)
Advanced Academic
Program
12 hours of college credit (dual credit or AP courses),
complete the Distinguished Achievement Program (DAP),
or complete the International Baccalaureate Program (IB).
TSI Readiness
Meet the Texas Success Initiatives (TSI) assessment
thresholds or qualify for an exemption.
Class Standing
Graduate in the top one/third of the HS graduating class or
have a B average.
Advanced Math
Complete at least one math course beyond Algebra II.
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If funds remain after all eligible priority students – who met
the priority deadline – have been awarded, the balance of
allocated funds can go to those students who met just the
basic TEXAS Grant requirements.
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No school’s share of funds will be reduced or increased
because of the priority model system.
Funds for initial year awards will continue to be distributed
among institutions based on each institution’s share of the
eligible needy student population.
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How will your institution identify students who meet the
priority criteria?
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Requirements known by HS counselors?
Requirements known in the admissions office?
Requirements noted on the HS transcript?
Captured in the student records system?
Captured in the financial aid management system?
Another communication between admissions and financial aid?
Programming implemented by spring 2013 for 13/14 packaging?
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There will be a new report to the Legislature which will
include the number of students qualifying for IY awards
through the priority model.
The data will be captured via the End-of-Year Report.
Priority awards should be noted and captured for reporting
purposes.
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Public universities, Lamar-Orange, and Lamar-Port Arthur
Effective beginning with the 2013-14 application period,
veterans who meet the following criteria can compete for IY
award consideration. The student must be an otherwise
eligible entering student who:
 graduated from HS May 1, 2013 or later,
 enlisted in military service within 12 months of HS graduation, and
 enrolled in college within 12 months of receiving an honorable
discharge.
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This keeps these students from being hurt by the 16-month
enrollment limitation for IY consideration.
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Key word = PROPOSALS
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Effective Date
 To be determined
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Enrollment Status
 Increase enrollment requirement from ¾-time to full-time.
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Eligibility Period
 Cap at 8 semesters with a 5-year period unless the degree program
exceeds 120 hours.
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Maximum Award Amount
 Tuition/Fees plus an allowance for course materials less Pell less EFC
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Matching
 Remove the requirement for institutions to provide sufficient non-loan
aid to cover a recipient’s tuition and fees.
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Controlled Substance Statement
 Amend requirements to defer to the federal requirements with status
based on FAFSA determination.
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Participating Institutions
 Limit TEXAS Grant to the general academic teaching institutions (public
universities, Lamar-Orange, and Lamar-Port Arthur).
 Shift TEXAS Grant funds for other 2-year institutions to the TEOG
Program.
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Transfer Students
 Create an eligibility pathway for all transfer students.
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Allocation Goals:
 Provide each institution its fair share of available funds.
 Cover renewal awards for eligible returning students.
 Use balance of funds for initial year awards.
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Data Sources:
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Current year fund requests (# of awards made)
EOY Reports (last yr. # grads; 3 years’ avg. award data)
CBM001 Reports (1-year retention rates)
FADB Reports (# undergrad, TX residents enrolled at least ¾ time,
with EFC <= $4,000), matched against TEA records to identify those
with RHSC.
ID number of IY and RY awards, current year.
Subtract number of graduating students.
Multiply by one-year persistence rate.
Adjust by past 3-years’ average award as a percent of the
maximum award.
 Adjust for accuracy of the allocation model, based on
actual vs. predicted # of awards for past three years.
 Multiply number of recipients by target award amount.
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 ID number of IY and RY awards, current year (using IY +
.25* RY).
 Subtract number of graduating students.
 Multiply by one-year persistence rate.
 Adjust by past 3 years’ average award as a percent of the
maximum award.
 Multiply number of recipients by target award amount.
 Split among sectors (universities, community colleges,
Lamar State colleges and TSTC)
 Based on each sector’s number of first-time entering freshmen who
graduated HS with the Recommended or higher curriculum in the
most recent spring for which data is available and who:
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Enrolled for at least 9 hours in the following fall or spring
Show financial need
Are classified as TX residents
Have EFC’s <= $4,000
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For each institution, from most recent FADB, identify number
of aid recipients who were TX residents, undergraduates,
enrolled at least ¾ time and had EFC’s <= $4,000.
Each school’s % share of awards = [school # of such
students/sector total # such students].
Awards per school = total per sector times each school’s %
share.
Funds per school = # IY awards per school * target amount.
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Total allocation = sum of renewal and initial awards.
Each institution, in the allocation announcement for FY13,
was requested to “consider setting its individual goal for the
TEXAS Grant program to continue serving returning grant
recipients, and to adjust award amounts on average for all
recipients in a way that allows each campus to offer new
awards to at least 50% of eligible entering freshmen.

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