Transcript Document

AES/PHEAA Update
Presented by
Mary E. Miller, Senior Vice President
Education Services Group
AES/PHEAA Update
• Security Enhancements
– Business Partner Access Management System
(BPAMS)
– Authoritative Source
– Password Requirements
– Remote Access Agreements
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AES/PHEAA Update
• Automated Loan Services
– Web Options Form
– Student Aid Fiscal Responsibility Act
• Eliminated FFELP
• Process loans through FDLP beginning July 1, 2010
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AES/PHEAA Update
• Automated Loan Services
– Letter sent to PA College Presidents and Financial
Aid Administrators
– Communication to our Lender Partners
– Portal message
– Warning message to all borrowers
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Account Access
aesSuccess.org
pheaa.org
School website
Lender website
AES/PHEAA Update
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AES/PHEAA Update
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AES/PHEAA Update
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AES/PHEAA Update
• Automated Loan Services
– Loans first disbursed on or after July 1, 2010 must be
loans processed through FDLP
• Option to change disbursement prior to July 1, 2010 or
• Cancel loan and student completes a MPN for FDLP
• Contacting schools
– Anticipated first disbursements prior to July 1, 2010
– On-line MPN will be removed
• Paper MPN’s can be used after the date of removal
– End Guaranty processing
• Loans will be rejected, borrower notified
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– Cease disbursements
AES/PHEAA Update
• Automated Loan Services
– Alternative Loan processing through our
products will not change:
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Alec
OneLINK
eCourier
PageCenter
AES/PHEAA Update
• Financial Aid Services
– Direct Loan Module is on schedule
– To participate using PHEAA as their destination
point
• Complete SAIG agreement designating PHEAA as a
destination point
• Complete a new COD options form
• Notify COD of intent to participate in FDLP
– System training
• Webinars
• Hands-On Training
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AES/PHEAA Update
• FedLoan Servicing
– myfedloan.org
– Webinars offered through May
– Enhancements
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AES/PHEAA Update
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AES/PHEAA Update
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AES/PHEAA Update
• Training
– Don Raley Financial Aid Basic Institute
• Begins June 14 -17 at Dickinson College, Carlisle, PA
– Intermediate Summer Institute
• Begins June 14 – 16 at Dickinson College, Carlisle PA
• Register – aesSuccess.org
– Fundamentals Training
• October 9-10 – Lancaster Host
– Leadership Development Training
• October 9-10 – Lancaster Host
– Volunteer for a Committee!
Ideas for topics? Contact [email protected]
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State Grant and Special
Programs
Presented by Christine A. Zuzack
2010-11 Appropriations
Governor Rendell delivered his appropriations
announcement on February 9 and
recommended level funding for all PHEAA
programs for 2010-11.
Funding is not final until passed by the General
Assembly. This should occur by June 30.
We cannot finalize awards or disburse funds
until the budget is passed.
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2010-11 Appropriations
The appropriation recommendations are as
follows:
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State Grant: $403 million
Matching Funds: $13.9 million
IAG: $30.2 million
NETS: $3.7 million
Cheyney Keystone Academy: $1.7 million
Bond-Hill: $.740 million
State Grant
2010-11
• All Costs on the Web should be completed by
April 16.
• Award letters expected to be generated the
first week of May. Adjustments may be
necessary once budget passes.
• Summer 2010 Online application process
now available
– Email reminders can be sent to your students
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State Grant
2011-12 FAFSA Simplification
• USDE is proposing a drastic reduction in the
number of income elements collected on the
FAFSA to those items verifiable from IRS
data.
– This would eliminate all untaxed income
questions.
– Income earned from work eliminated
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State Grant
2011-12 FAFSA Simplification
• The asset definitions would not change but
would be a “yes/no” question to ascertain if
the assets exceed $250,000.
– If answered “yes” student would only be eligible
for unsubsidized loan.
– A “no” response would generate an EFC that
would establish Pell eligibility, CBA eligibility, loan
subsidizes, etc.
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State Grant
2011-12 FAFSA Simplification
• These changes will create a significant
difference in the students who receive need
based aid.
• How will/should state and schools respond?
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New Economy Technology
Scholarships (NETS)
Funds in the program were insufficient to meet
the need all of the applicants for 2009-10.
Statute requires that renewal applicants be
awarded before first-time applicants. Firsttime applicants were awarded in order of date
received.
First-time applicants were awarded if complete
by June 30, 2009.
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New Economy Technology
Scholarships (NETS)
First-time applicants who did not receive an
award were notified that they needed to
reapply for 2010-11.
Summer 2010 awards will be available to
students.
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Chafee
It is expected that eligible students will exceed
federal resources for 2010-11. Examining
how this will be addressed with the PA
Department of Public Assistance: renewals
first, reduce maximum award, differential
awards for part-time versus full-time?
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EAP
Beginning with the fall of 2010, PHEAA will be
disbursing funds on behalf of the PA National
Guard to schools.
The EAP 2010-11 application will cover
Summer 2010, Academic Year 2010-11 and
Summer 2011.
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What’s Next?
Future Considerations
• GAP Participation
• Federal Work Study – Community Service
• New legislation
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Questions/Comments
Comments, questions, feedback and
recommendations are always welcomed!
• Phone: 717.720.2368
• Email: [email protected]
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