Transcript 2010 Lottery Training (1 hour)

Act 606: Financial Aid Training
1-Hour
Academic Challenge Scholarship
It is our hope that the lottery funded scholarship known as the
Arkansas Academic Challenge Scholarship will:
--increase student success
--reduce student loans
--prepare more students for high wage high demand jobs
benefit Arkansas’s economy
--increase the percentage of adults in Arkansas that hold
a college degree
“NEW” Academic Challenge
• Increase participation of direct-from-high-school
students from 3,600 to over 10,000 annually
• Projected to serve over 29,000 students during
the 2010-11 academic year
Arkansas Academic Challenge Scholarship
• Student categories
– Traditional
– Current Achiever
– Nontraditional
General Eligibility Requirements
•
•
•
•
•
U.S. Citizen or Lawful Permanent Resident
Arkansas Resident
Attend an eligible Arkansas Institution
Satisfactory Academic Standing
Continuing Eligibility Requirements
Academic Challenge Scholarship
• Scholarships awarded under the “NEW” Academic Challenge will
begin Fall 2010
• NO INCOME REQUIREMENT
• Aligned with Smart Core
• Expanded to include nontraditional students
• Basic eligibility criteria
– Traditional Students
• Accepted for admission at an approved institution of higher education as
a full-time student in a program of study that leads to a baccalaureate
degree, associate degree, qualified certificate or a nursing school
diploma
• Applicant must complete the YOUniversal Scholarship Application and
the FAFSA
Academic Challenge Scholarship
Traditional
– Traditional Student requirements (cont..)
Must meet one of the following criteria:
– Graduate from an Arkansas public high school, successfully
complete the Smart Core curriculum and achieve a 2.5 high school
GPA OR obtain a 19 on the ACT
– (before 2014 -- No Smart Core), Graduate from an Arkansas public
high school, achieve a 2.5 high school GPA AND obtain a 19 on the
ACT OR score proficient on all state-mandated end-of-course
assessments
– If student graduates from an Arkansas public high school that is
Grade
identified as a school in which 20% or more of the students received
Inflation
a letter grade of “B” or higher but did not score proficient or higher
Clause
on the end-of-course assessment, the student must achieve a 2.5
Delayed
high school GPA AND obtain a 19 on the ACT OR score proficient on
Until 2011
all state-mandated end-of-course assessments
Academic Challenge Scholarship
Traditional
– If a student has a disability identified under the Individuals with
Disabilities Education Act and graduated from an Arkansas
public high school but did not complete the Smart Core
because of the applicant’s individualized education program,
the student must achieve a 2.5 high school GPA AND obtain a
19 on the ACT OR score proficient on all state-mandated endof-course assessments
– Graduate from a private, out-of-state high school or home
school and achieve a 19 on the ACT
Academic Challenge Scholarship
Traditional
Continued Eligibility Criteria:
– Maintain a 2.50 cumulative GPA
– Complete 27 semester hours the first academic year and
30 semester hours each year thereafter
– Renewed annually until recipient first:
1. Earns Bachelor’s degree
2. Attempts a total of 130 semester hours in 8 semesters
The Academic Challenge Scholarship requires “Traditional” students to:
--- take 12 hours during the first Fall semester after high school graduation and
take 15 hours each semester thereafter
--- complete remediation within the first 30 hours of coursework
Academic Challenge Scholarship
Current Achievers
– Current Achievers
• Accepted for admission at an approved institution of
higher education as a full-time student in a program of
study that leads to a baccalaureate degree, associate
degree, qualified certificate or a nursing school diploma
• Applicant must complete the YOUniversal Scholarship
Application and the FAFSA
Academic Challenge Scholarship
Current Achievers
Current Achievers
• Must meet all of the following criteria
– Entered college before the 2010-11 academic year as a full-time
first-time freshman within 12 months after graduating high
school
– Has been continuously enrolled (fall and spring), completing at
least 12 hours each semester, since high school graduation
– Has completed at least 12 semester credit hours at an approved
Arkansas institution
– Achieved a 2.5 postsecondary GPA
Academic Challenge Scholarship
Current Achiever
Continued Eligibility Criteria:
– Maintain a 2.50 cumulative GPA
– Complete 15 semester hours each consecutive semester
(Fall & Spring)
– Renewed annually until recipient first:
1. Earns Bachelor’s degree
2. Attempts a total of 130 semester hours in 8 semesters
The Academic Challenge Scholarship requires “Current Achiever” students to:
--take 15 hours each semester
-- complete remediation within the first 30 hours of coursework
Funding CAP for
Current Achievers
• Current Achiever student funding:
– $41.5 Million for 2010-2011
– If sufficient funds are not available, awards will be
prioritized
• Level of progress toward completion of their baccalaureate or associate
degree, certificate program or nursing diploma
• Highest cumulative GPA
• Students majoring in an area identified as a critical workforce need, and
the STEM fields
Academic Challenge Scholarship
Nontraditional
Nontraditional Students
• Accepted for admission at an approved institution of
higher education as a full-time or part-time student in a
program of study that leads to a baccalaureate degree,
associate degree, qualified certificate or a nursing school
diploma
• Applicant must complete the YOUniversal Scholarship
Application and the FAFSA
Academic Challenge Scholarship
Nontraditional
– Nontraditional Students
• Must meet one of the following criteria
– Graduate from an Arkansas public high school and achieved a
2.5 high school GPA or obtained a 19 on the ACT; or
– Graduated from a private high school, out-of-state high school,
home school or obtained a GED and achieved a 19 on the ACT;
or
– Has completed at least 12 semester credit hours and achieved a
2.5 postsecondary GPA.
Academic Challenge Scholarship
Nontraditional
Continued Eligibility Criteria:
– Maintain a 2.50 cumulative GPA
– Complete 15 semester hours each semester (Fall and
Spring) if a full-time student and at least 6 semester
hours each semester if a part-time student
– Renewed annually until recipient first:
1. Earns Bachelor’s degree
2. Attempts a total of 130 semester hours in 8 semesters
The Academic Challenge Scholarship requires “Nontraditional” students to:
--- take at least 6 hours each semester for part-time
--- take at least 15 hours each semester for full-time
--- complete remediation within the first 30 hours of coursework
Funding CAP for
Nontraditional Students
• Nontraditional student funding:
– $17.9 Million for 2010-2011
– If sufficient funds are not available, awards will be
prioritized
• Level of progress toward completion of their baccalaureate or associate
degree, certificate program or nursing diploma
• Highest cumulative GPA
• ACT or ACT equivalent score
• Students majoring in an area identified as a critical workforce need, and
the STEM fields
AWARD AMOUNTS
– $5,000 per year for full-time students at a 4-year
institution
– Scholarship at a 2-year college will be one-half
(50%) of the scholarship award amounts for 4year institution
– Award amounts will be prorated for part-time
students (only applies to nontraditional category)
•
•
½ award amount – 6-8 hours
¾ award amount – 9-14 hours
Academic Challenge Scholarship
Application Deadline Dates:
– Traditional Students
• June 1 of senior year in high school
• Can start applying in November of Senior year
– Current Achiever Students
• June 1 for the Fall term
• November 1 for the Spring term
– Nontraditional Students
• June 1 for the Fall term
• November 1 for the Spring term
Application/Award Statistics
• Number of Applicants:
– Traditional (High School Seniors) – 16,951
– Current Achiever/Nontraditional – 45,004
• Number Awarded (so far): as of 12/10/2010
– Traditional (High School Seniors) – 12,887
– Current Achiever/Nontraditional – 12,267
Administrative Processing
1. Electronic (TRIAND) transcripts
–
–
–
–
Transcript retrieval
Smart Core criteria
GPA
ACT & other test scores
2. Notifications to students (emails)
1. Award Notices
2. Incomplete Notices
3. Ineligible Notices
New Universal Application for ADHE
Scholarships and Grants
 Launched on January 1, 2010
 Search and apply for all ADHE administered scholarships
and grants at one time
 Receive e-mail status notifications
 Available all year, but deadlines built into processing
 Manage your account 24/7 to include:
Updating personal information and college
Reviewing transcript and test score information
www.adhe.edu
Universal Application Homepage
Scholarship Reporting System for
Counselors
Reporting abilities:
– List of Seniors that have submitted scholarship
application
– Status of Application
– Provide the ACT/GPA/Smart core indication that is
being used to evaluate student
• What other reporting items would be
helpful???
QUESTIONS???
Contact Information:
[email protected]
(501) 371-2050