Transcript Financial Aid for Texas Students

TASFAA ABC’s Pre-Conference Workshop
October 2013
Jane Caldwell
Director, Grants and Special Programs
Texas Higher Education Coordinating Board
[email protected]
Institutional
$1,074.29
million
11.7%
Other
$713.28
million
7.7%
State
$566.44
million
6.1%
Federal
$6,877.06
million
74.5%
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Program
Eligible Institutions
Eligible Students
TEXAS Grant
All public**
Undergraduate
Tuition Equalization
Grant
Independent Non-profit Undergraduate and
Graduate
TX Educational
Opportunity Grant
2-year public
Undergraduate
TX College Work-Study
Public & Independent
Nonprofit
Undergraduate and
Graduate
Top 10 Scholarship
All Public
Undergraduate
B-On-Time Loans
All Public**
Undergraduate
CAL Loans
Public & Independent
Nonprofit
Undergraduate and
Graduate
* State fiscal year 2014 = 2013-2014 academic year
** Beginning fall 2014, 2-year schools are being phased out of these programs.
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Signed agreements/MOU’s with the CB – to follow
statutes and rules; subject to audits and reviews
Program rules; written by CB & posted on CB site
Program guidelines; (requirements/deadlines) from CB
Program allocations (each school’s share of a program’s
funds); calculated by CB & announced to the institutions
Funds requests; submitted by schools, requesting
periodic disbursements
Reports (End-of-Year & Financial Aid Database Report);
designed by CB & compiled and submitted by institutions
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Federal
State
EFC Calculation
Use the FAFSA, including PJ
and verification
Use the FAFSA, including PJ
and verification
Also accept TASFA
SAP Requirements for
Grants
GPA and completion rates
GPA and completion rates,
but they differ by program
Residency
US Citizens, Permanent
Residents and Eligible
Noncitizens
Texas residents as defined
by state law
Period of Eligibility
150% of hours for degree
Varies by program
Definition of Fiscal Year
(FY)
References first calendar
year of academic term
FY2014 = 2014-2015
FY Period: July 1 – June 30
References last calendar
year of academic term
FY2014 = 2013-2014
FY Period: Sept. 1– Aug. 31
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Immigration Status
(FAFSA) (TASFA)
I am a U.S. citizen
x
I am a permanent resident with an Alien Registration Card
(I-551)
I am a conditional permanent resident with visa type I-551C
x
I am an eligible noncitizen with an Arrival/Departure Record
(I-94) showing one of the following:
*Refugee
*Asylum granted
*Parolee (minimum of 1 year)
*Cuban-Haitian entrant
I do not meet one of the statuses above; however, I have
been classified as a Texas resident and therefore am eligible
to pay the Texas in-state tuition rate. My classification as a
Texas resident is NOT due to a waiver.
x
x
x
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RESIDENCY IS NOT DETERMINED BY THE FA OFFICE. IT IS DETERMINED BY
THE REGISTRAR/ADMISSIONS OFFICE.
1. It is not based on FAFSA data.
2. It is not based on where they graduated from High School.
3. Use the coding from the Registrar/Admissions Office. If you believe
they made an error, work things out with them. It is VERY important that
your school be consistent in its reporting of residency.
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Funded through set-asides from tuition.
Eligibility requirements:
• Enroll at a public institution
• Financial need
• Register with Selective Service or be exempt (all public
institutions but CC’s)
Awarded based on institution’s policies and procedures.
Continuation award eligibility:
• Not an entitlement – renewal awards occur at the institution’s
discretion
• No statutory end to student eligibility
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Eligibility requirements:
• Texas resident enrolled full-time and eligible for federal aid
• New, Fall 2014: can be awarded with TXG; unused funds swept
on Feb. 20; no disbursements before 9/01; 2-yr inst – RY only;
counseling required for high default & low forgiveness rates
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Continuation award eligibility:
• End of 1st year – institution’s SAP policy
• Thereafter, overall GPA of 2.5; 75% completion in prior year
• Ends with completion of a BA or 150 hours of BOT
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Repayment benefits:
• Loan forgiveness if graduate 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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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:
• 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
• New, fall 2014: tiered origination fees based on highest score
of student or cosigner – 0%, 3%, or 5%
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Available at public and private institutions
Funded through appropriations
Matching funds required unless proof is provided to the CB that
matching is waived for Federal WS
Eligibility requirements:
• Texas resident undergraduate or graduate student 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 program leading to
ordination or licensure to preach for a religious sect or be a
member of an order.
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Funded through appropriations.
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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
Paying more tuition than is required at a comparable public institution
Continuation award eligibility:
• First year – meet college SAP
• Subsequent years: 2.5 GPA, 75% completion rate; complete 24 SCH per
year UG, (18 SCH per year for Grads)
• Eligibility ends for undergrads -- 5 year max for 4 year degree, or 6 year max
for 4+ year degree
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Funded through appropriations
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Eligibility requirements:
• Texas resident, registered with Selective Service (or exempt).
• Recommended or higher HS curriculum; graduate from TX public
or private HS in top 10 percent of the class
• Meet priority deadline; show need (COA – EFC – PELL >=$1)
• Maintain full-time enrollment through fall census date
• Clear verification, duplicate award, etc. by October 1
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Continuation award eligibility:
• Cumulative 3.25 GPA, complete 30 SCH and 75% of the hours
attempted in the previous year
• Eligibility ends with BA or 4 years – whichever comes first
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Funded through appropriations
Initial eligibility requirements:
• Entering undergraduate at 2-year institution; not receiving a TX
Grant
• Texas resident with need, EFC < 2,000 and enrolled at least ½ time
• Registered with Selective Service (or exempt) and no drug
conviction
Continuation award eligibility:
• 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
• Eligibility ends with the first of AD, 75 SCH’s, or 4 years
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Changes are noted with red ink.
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Funded through appropriations
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Initial Award Eligibility:
• TX resident with need; EFC < $4,620; enrolled ¾ time; and
• Registered with Selective Service (or exempt); no drug conviction; and
o If graduated under the Recommended HS Curriculum (or higher), be
an entering undergraduate at any public institution within 16
months of HS graduation and if entering a public university, LamarOrange or Lamar-Port Arthur, meet Priority Model requirements to
get top consideration; OR
o Be an in-coming undergraduate with an associate’s degree who
enters within 12 months of the receipt of the AD
o Be an in-coming undergraduate who graduated HS on/after May 1,
2013, entered the military within 12 months of HS graduation and is
enrolling within 12 months of an honorable discharge
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Only applies to universities, Lamar-O and Lamar-PA
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Priority will be given to students who meet the priority deadline,
meet program basic requirements and qualify under any two of
the following four areas of academic achievement :
Advanced Academic Programs
(12 SCH, DAP, or IB)
Class Standing
(top 3rd of class or B average)
TSI Readiness
Advanced Math
(meet TSI thresholds or be exempt) (math class beyond Algebra II)
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Left-over funds after priority students are awarded will go to
other eligible students meeting current requirements
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Flag priority model recipients for tracking!
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No IY awards at the 2-year institutions, including Lamar-O and
PO; IY awards only at universities, med & dental units
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EFC cap for IY will be updated for new year tuition and fee costs
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Foundation Program added to eligible HS curriculums
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Enrollment in baccalaureate degree program required
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New transfer student IY pathway:
no previous TXG,
at least 24 SCH,
2.5 overall GPA,
TEOG in fall 2014
Flag transfer students for tracking!
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Basic RY Eligibility:
• Must show financial need
• SAP – at end of 1st year – meet institution’s SAP policy;
• SAP – at end of 2nd year and thereafter – overall GPA of 2.5, 75%
annual completion rate, and 24 SCH’s completed per year
◦ Eligibility ends with BA, 150 grant SCH’s, or 5 years for 4-year
plan; 6 years for 4+ year plan whichever occurs first
STARTING Fall 2014: RY awards at the 2-year institutions limited
to eligible students with an IY award prior to fall 2014
STARTING Fall 2014: RY awards at 4-year institutions limited to
eligible students working on baccalaureate degrees unless the IY
award was received prior to fall 2014
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Grants & Special Programs: 1-800-242-3062 or 512-427-6340
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[email protected]
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G&SP Distribution List:
• Official communications – program guidelines, allocations, +
• Subscribe or unsubscribe to G/SP distribution list:
• 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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You have entered a career that is extremely important,
rewarding, challenging…and that can be very
frustrating. 
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Remember, you help students achieve their dreams.
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It is an honor to work with you. Please contact us if
we can ever be of assistance.
Jane Caldwell &
Grants/Special Programs
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