Transcript State Update

State Student Aid
Programs
Summer, 2012
2012-2013 State Aid Programs
State Aid Programs for North Carolinians
• Scholarships and Grants
• Forgivable Loan Programs
• Methodologies
2012-2013 State Aid Programs
State Aid Programs for North Carolinians
• North Carolina Education Lottery Scholarship (ELS)
• North Carolina Community College Grant (CC)
• The University of North Carolina Need-Based Grant (UNC)
• North Carolina Need-Based Scholarship (NBS)
2012-2013 State Aid Programs
State Aid Programs for North Carolinians (continued)
• NC Reach (Child Welfare Postsecondary Support Program)
• Golden LEAF Scholarship
• NC Student Assistance Program (NCTAP)
• Other North Carolina programs are described in Student Financial Aid
for North Carolinians available at CFNC.org/fabook
North Carolina Education Lottery Scholarship
(ELS)
• Created by the 2005 General Assembly to provide financial
assistance to needy North Carolina resident students.
• Eligibility
–
–
–
–
–
–
–
–
Be NC resident for tuition purposes
Enroll at least half-time
Undergraduate student with no prior bachelor’s degree
Beginning in 2012-13, enrolled in NC Community College or UNC
institution
Meet all Pell Grant eligibility rules (except EFC)
EFC less than or equal 5000
Meet the Satisfactory Academic Progress requirements
Limited to maximum of eight (full-time) semesters or equivalent
ELS
• Value
– Varies according to EFC information generated from the FAFSA
– Awards for part-time students are prorated 50%
• Application Procedure
– Complete the FAFSA and list eligible campus
• Goal is to give needy NC residents minimum grants of $3,400
– If Pell is $1,900, Education Lottery Scholarship is $1,500
– If Pell is $800, Education Lottery Scholarship is $2,600
– If Pell is greater than or equal to $3,400, then no state funds are needed to
build the promised foundation
– So, every eligible student whose family can afford $5,000 or less will receive
grants of at least $3,400 (from Pell, from State Lottery, or in combination of
the two)
• Pell + ELS > $3,400
• Administered by CFI under direction of NCSEAA
North Carolina Community College Grant
• Created by the General Assembly in 1999
• Eligibility requirements for the Grant program
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–
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Be NC resident for tuition purposes
Undergraduate w/ no prior earned bachelor’s degree
Enroll at least half-time
Meet Satisfactory Academic Progress requirements
Meet all Pell Grant eligibility rules (except EFC)
North Carolina Community College Grant
• Value
– Varies according to information generated from FAFSA
– Awards for part-time students are prorated
• ¾-time 75%
• Half-time 50%
• Application Procedure
– Complete the FAFSA and list a NC community college
• Goal is to provide need-based assistance for community college
students with Pell Grants and Lottery Scholarships totaling less than
$4350
– Raises the floor provided by Lottery + Pell of $3400
– Maximum grant is $950
– Designed to supplement, not replace federal aid
• Administered by CFI under direction of NCSEAA
–
….
North Carolina Community College Grant
For 2012-2013, students with EFCs of 5000 or less receive at
least $4,350* using Pell, Community College Grant and Education
Lottery Scholarship
EFC
Pell
Lottery Sch
CC Grant
Total
Student A
1400
4,200
0
150
4,350
Student B
3500
2,100
1,300
950
4,350
Student C
5200
Not Elig--EFC
>4995
Not Elig--EFC > 5000
650
650
*Students with EFCs of 5001 to 6000 receive $650 from CC grant only.
The University of North Carolina System
Need-Based Grant
• Established to provide need-based financial assistance for students
enrolled at one of the 16 campuses of The University of North Carolina
• Eligibility
– Be NC resident for tuition purposes
– Enroll at least half-time
– Undergraduate w/ no prior earned bachelor’s degree
– Have documented unmet need determined by program formula
– Consideration for grant automatic after FAFSA filed
– Applicants should apply by standard UNC priority deadline, March 1
• Funding is expected to be available for a later applicants but
early application is encouraged.
The University of North Carolina System
Need-Based Grant
• Value
– Maximum grant for 2012-2013 is $4,200 / minimum is $500;
– Awards for part-time students are prorated 50%
• Application Procedure
– Complete the FAFSA and list a UNC institution
• Administered by CFI for SEAA/UNC General Administration
The University of North Carolina Need-Based Grant
Student A
at School 1
Student B
at School 2
Tuition/fees
5,619
+
10,041
15,660
(varies by UNC institution; value is 73.5% of the UNC BOG ‘s
approved tuition & fees)
Living allowance (standard for all UNCs)
4,473
+
14,514
Cost of attendance
-
500
-
3,100
-
300
-
5,200
-
950
=
5,610
=
$4,200 Actual UNC Grant Amount
10,041
Family Contribution (State formula, not federal)
-
5,500
Pell Grant Amount
-
0
Education Lottery Scholarship
-
0
Self help (standard assumption for all students)
-
5,200
-
1,800
=
2,014
=
$2,014
Estimated tax credit
($950 for Pell recipients; $1,800 for non-Pell recipients)
Raw UNC Grant Calculation
Current min/max of $500/$4200 for 2012-13
NC Need-Based Scholarship
• Effective for 2012-13
• Eligible Institutions:
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Private non-profit institutions who participated in NCLTG /SCSF
Mid-Atlantic Christian University & The College at Southeastern
Nursing Schools
Hospital Schools
• Funding amounts are variable from $1,200 to $7,000
– Students enrolled at least ¾ time will receive 50% of award
NC Need-Based Scholarship
• Students complete FAFSA to be considered.
• Eligibility
– Be legal NC resident and NC resident for tuition purposes
– Have Federal EFC less than an amount set annually by the Authority
• EFC cannot exceed cost of attendance for UNC campuses
• For 2012-13, EFC must be less than/equal to 15000
• Undergraduate student in matriculated Status (in a defined program
of study leading to a degree, diploma or certificate);
• Meet satisfactory academic progress requirements
• Meets all Pell Grant eligibility rules (except EFC)
Funding Limits Established for UNCNBG and NBS
• Enrollment limit to receive certain grants for baccalaureate
degree
– Programs Affected
• UNC Need-Based Grant
• NC Need-Based Scholarship
– Limits
• 9 semesters (full-time) for a four-year degree program
• 11 semesters (full-time) for a five-year degree program
• Prorated if students are enrolled less than full-time
– Lottery Scholarship has always had an eight semester limit
ELS, UNCNBG, CCG , NBS
Certification of Student Eligibility
• Institutional Responsibilities
– Execute a Participation Agreement (one-time), if required
– FAA certifies student eligibility on the Web
• www.cfnc.org/home/info_faa.jsp
• Pell eligible except for EFC (not applicable for UNCNB)
• NC resident for tuition purposes
• Correct enrollment status
• Same ISIR transaction used for federal and state awards
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Disburse funds to student accounts within ten days
Refund money within prescribed timeframes
Maintain records
Be available for reviews and audits
• Training available—
– Contact CFNC regional representative or call 888-234-6400
ELS, UNCNBG, CCG, NBS
Federal Aid Eligibility Requirements
Meets all of the requirements for the Federal Pell Grant, with exception
of EFC
• Student must:
– Be enrolled or accepted for enrollment for the purpose of obtaining a degree
or certificate
– Have a high school diploma or equivalent, or have been home-schooled
– Not be simultaneously enrolled in elementary or secondary school
– Not already have a bachelor’s degree
– Be U.S. citizen, national, or eligible noncitizen
– Have valid Social Security Number (SSN)
– Be registered with Selective Service, if required
– File Statement of Educational Purpose (on FAFSA)
ELS, UNCNBG, CCG and NBS
Federal Aid Eligibility Requirements
• Student must:
– Not be in default on Title IV loan or owe overpayment on Title IV grant
– Not have borrowed in excess of annual or aggregate loan limits
– Not have property subject to lien for debt owed to U.S. (i.e. lien placed as
result of student failing to pay federal tax debt or make satisfactory
arrangements to pay)
– Be maintaining satisfactory academic progress
– Not have been convicted or pled nolo contendere (no contest) or guilty to a
crime involving fraud in obtaining Title IV Funds
• Ineligible until fraudulently obtained funds completely repaid to
Secretary or loan holder(s)
• Not be in violation of the drug conviction restrictions for Pell eligibility
• Any other Pell eligibility restrictions not listed here; consult the most
recent FSA Handbook and ED guidance for updates and changes
600% Pell Limitation and State Grant Programs
• For these programs, students must be Pell-eligible (except for EFC):
– NC Education Lottery Scholarship
– NC Community College Grant
– NC Need-Based Scholarship
 Student is eligible for full state grant for each semester that there is any
remaining Pell eligibility
 If student is ineligible for Pell due to the 600% limitation, the student is
not eligible for ELS, CC and/or NBS.
• This program requires students to be Title IV eligible:
– UNC Need-Based Grant
 Students can be eligible for full state regardless of the 600% Pell
limitation.
600% Pell Limitation and State Grant Programs
• Links to helpful information about LEU:
• http://ifap.ed.gov/eannouncements/021712PreliminaryInfoImpl12Semes
terFedPellGrant.html
• http://www.ifap.ed.gov/eannouncements/040612CODSysAprilImplemen
tation.html
• http://www.ifap.ed.gov/eannouncements/attachments/040612CalPGLife
timeEligUsedSAOTWPage.pdf
Return of Funds
• State Grant Return of Funds Policy
– Policy has been proposed to the NC Community College System
and the UNC System for consideration and adoption
– Policy will be used for SEAA programs, also
– Will be consistent across state grant programs
John B. McLendon Scholarship Fund
• Two leadership scholarships at each of North Carolina’s Historically
Black Colleges and Universities
– One each for a male and female student athlete
• Bennett College for Women will receive two scholarships for
female athletes
• Eligibility
– Must have been enrolled for at least two semesters
– Must be varsity athlete
• Value
– Maximum award of $ 1,250 per academic year
• $300 for 2012-13
• Recipients are selected by their colleges
UNC Campus Scholarships
• Established in 2002 by the General Assembly through the
consolidation of several programs
• Designed to promote diversity on 16 NC constituent campuses
• Provide funding for undergraduate and doctoral students
• Eligibility
– Must be North Carolina resident for tuition purposes
– Each campus drafted and submitted a plan to the president of
UNC describing the eligibility criteria for their program.
• Award amount determined by the institution
• Interested students should contact the institution’s financial aid office
Golden LEAF Scholars Program — Four-Year
Public and Independent Institutions
• Administered by NCSEAA on behalf of the Golden LEAF Foundation
• Scholarships available for students attending qualifying institutions,
NC public universities and NCICU institutions (including Louisburg)
• Eligibility:
– Be a high school senior enrolling full-time as a first-year student or a
community college transfer student enrolling for the first time at any
participating NC college or university in the fall of 2012
– Be NC resident for tuition purposes
– Reside in one of 78 qualifying rural counties (listed on CFNC)
– Demonstrate financial need. Students MUST submit the Free
Application for Federal Student Aid (FAFSA) to be considered for this
scholarship
• Value of real property owned by farm families not considered
when determining financial need
Golden LEAF Scholars Program — Four-Year
Public and Independent Institutions
• Eligibility:
– Present satisfactory record of academic achievement and community
service
– Submit an online application available at www.CFNC.org/goldenleaf
– Not already have a bachelors degree
– Not in default on federal or state student loans
• Emphasis on leadership development; program developed by the
Center for Creative Leadership
• Maximum awards:
Up to $12,000 scholarship over four years ($3000/year)
– Transfer students will receive less than four years of funding
–
Two-Year Colleges
Golden LEAF Scholars Program
• Administered by the individual community colleges on behalf of the
Golden LEAF Foundation
• Applications obtained from and submitted to the individual
community colleges
• Must reside in one of 78 qualifying rural counties (listed on CFNC)
• Eligibility requirements
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Enroll in a NC community college during the 2012-13 academic year
Permanent resident of a qualifying rural county
Demonstrate financial need
Curriculum students selected based on their financial need. Degree- seeking
students must be enrolled as full-time students in order to receive the
maximum scholarship award
– Grants for less than full-time are prorated
Two-Year Colleges
Golden LEAF Scholars Program (continued)
• Eligibility requirements (continued)
– Occupational Education students must demonstrate financial
need under the federal TRIO formula and be enrolled in a
credentialing program of at least 96 hours.
• Maximum Awards:
– Curriculum students-- $750/semester
– Occupational Educational Students--$250/semester
Funds may be used for tuition, fees, books, supplies; and with
special provisions, childcare and transportation expenses.
NC Tuition Assistance Program (NCTAP)
• General Assembly established program of tuition assistance for
qualifying guard members
• Purpose is to encourage voluntary membership in the guard, improve
educational level of guard members and benefit the State
• Eligibility requirements
Be an active drilling member of the NC Army or Air National Guard
– Remain a member of the National Guard for two years following the end
of the academic period for which tuition assistance is provided
– Enroll in an eligible institution (public or private) located within the
state of NC
– Meet Satisfactory Academic Progress standards of institution
–
NC Tuition Assistance Program (NCTAP)
• Maximum awards:
– Up to amount of tuition and fees per academic year
– If tuition is less, difference paid may be disbursed to school to
reimburse soldiers for required books and materials
– Subject to availability of funds
• Application procedure:
– Complete and submit application available online at:
CFNC.org/seaastudent
– Army Guard members must be considered for Federal benefits before
NCTAP Assistance benefits can be considered. Army Guard members
must apply for Federal tuition assistance through the GoArmy
(GoArmyED.com) portal
• Contact State Tuition Assistance (NCTAP) Manager
Stacy Steinmetz
(919) 664-6000 ext. 46649
[email protected]
NC Reach
(Child Welfare Postsecondary Support Program)
• 2007 NC General Assembly established funding for students who:
– Have aged out of NC public foster care or
– Were adopted from foster care after age twelve
• Eligibility requirements
– Age 18 – 25 and meet criteria above
– Enroll at least half-time in NC Community College or UNC campus,
seeking undergraduate degree, diploma, or certificate
– Compliant with registration requirements for Selective Service
– Not in default nor owe refund under any federal or state loan or grant
programs
• Maximum value: Cost of Attendance minus other aid
• Applications and additional information
www.ncreach.org
Resources
• NCSEAA.edu
– Program Information –
http://www.ncseaa.edu/Program_Information.htm
• CFNC.org
– Grant & Loan Processing System and SEAA School Portal –
www.cfnc.org/extranet/adminconsole/login.jsp
Resources
Via the CFI Grant System under
Publications/Grant Certification:
Publically accessible resources:
•
CFNC.org
– Grants and Scholarships
www.cfnc.org/paying/schol/info_schol.jsp
– CC
www.cfnc.org/ncccg
– ELS
www.cfnc.org/els
– FELS
www.cfnc.org/fels
– Golden LEAF
www.cfnc.org/goldenleaf
– NC REACH
www.cfnc.org/ncreach
– UNC Need-Based
www.cfnc.org/uncnb
– NC Need-Based Scholarship
– www.cfnc.org/nbs