Transcript Financial Aid for Texas Students

TASFAA ABC’s Pre-Conference Workshop
October 5, 2011
Lyn Wheeler Kinyon
Assistant 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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Academic Planning and Policy
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Academic Affairs and Research
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Planning and Accountability
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P-16 Initiatives
Business and Finance
Business and Support Services
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Business Office
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Grants and Special Programs (G&SP) *
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Loan Programs Operations (LPO) *
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Information Technology
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Human Resources
* Main areas that work closely with colleagues in the financial aid community.
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Provide service to students, families, and institutions.
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Interpret legislation and develop rules.
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Allocate available funding and process funding requests.
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Process applications.
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Collect student loan payments and process benefits.
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Provide training.
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Perform program reviews and audits.
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Collect and provide information requested by the Legislature.
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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)
• applications submitted to the CB, the CB selects and announces award recipients, and the
CB supplies funding to the institution.
• Decentralized (Campus-Based)
• CB allocates funding to the institution, applications submitted through the institution, the
institution selects recipients, CB supplies funding to the institution, and the institution
submits reports to the CB.
• Solely at the institutional level
• students apply through the institution, the institution determines eligibility, and the CB
supplies no funding to the institution.
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Grants, Scholarships, Loans, and Work.
Exemptions – allow lower tuition/fees for certain groups.
Waivers – allow resident fees for non-resident students.
Trends:
• Encourage efficiency through:
• required enrollment.
• performance.
• completion.
• Penalize inefficiency through:
• time limitations.
• drop limitations.
• added costs for exceeding limitations.
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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 and no concurrent athletic scholarship.
• register with Selective Service or be exempt (public universities, health-related
institutions, TSTC campuses and Lamar State Campuses – not community
colleges)
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Administered by institution per CB approved guidelines
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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 annually.
• 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.
2-year colleges excluded.
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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, an 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.
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Funded through appropriations.
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Eligibility requirements:
• Texas resident or National Merit Finalist with need and enrolled at least 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 institution.
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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.
Initial eligibility requirements:
• Texas resident.
• complete Recommended or higher curriculum and graduate from a public or private
high school in Texas.
• rank in the top 10 percent of the HS graduating class.
• submit the FAFSA in time to generate the CPS results in a non-rejected status, or
submit the TASFA to the institution, by the established deadline .
• meet need requirement (COA – EFC – PELL >=$1).
• register with Selective Service or be exempt.
• enroll full-time in the fall semester and maintain full-time enrollment through the
census date of the semester.
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Renewal eligibility requirements:
• submit the FAFSA in time to generate the CPS results in a non-rejected status, or
submit the TASFA to the institution, by the established deadline .
• meet need requirement (COA – EFC – PELL >=$1).
• enroll full-time in the fall semester and maintain full-time enrollment through the
census date of the semester.
• maintain a cumulative 3.25 GPA, complete at least 30 SCH in the previous year,
and complete at least 75% of the hours attempted in the previous year.
• Bachelor’s degree or 4 years – whichever comes first.
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Workforce bonus eligibility requirements:
• major in critical workforce shortage area and enroll as a junior or senior.
• have overall GPA of 3.0 at the beginning of the relevant junior or senior year.
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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.
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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.
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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
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Scholarships:
• Kenneth Ashworth Scholarship
• Good Neighbor Scholarship
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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
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1-800-242-3062 or 512-427-6340
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[email protected]
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[email protected] or extension #6393
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G&SP Listserv:
• Official communications – program guidelines, allocations, etc.
• Subscribe or unsubscribe:
• http://lists.state.tx.us/mailman/listinfo/txgnsp-l
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