Transcript Slide 1

SCHEV Update
Lee Andes
October 6, 2011
SCHEV Council Actions
• SCHEV is developing its system-wide
recommendations and will take action on
October 25, 2011
• Watch this site for update by early next week.
http://www.schev.edu/council/AgendaBookIndex.asp
TAG Recommendations
• Action has been taken on the Tuition
Assistance Grant Program.
– SCHEV recommends funding sufficient to
support a maximum award of $2,800 for FY13
and $3,000 for FY14.
– Will communicate to Governor and
appropriate legislative offices.
VSFAP Recommendations
• Anticipate undergraduate VSFAP
recommendations of $18 million FY13 and
$36 million FY14.
• Anticipate graduate VSFAP recommendations of
$3.6 million FY13 and $7.1 million FY14.
Increase in VSFAP Need
• Financial need under the Partnership Model
for FY13 increased by 23 percent over FY12’s
calculations.
• Largely economy driven
– 27 percent increase in students demonstrating
need under the model
– 18.7 percent increase in FAFSA applications
– 39 percent increase in Pell grant recipients
– 8.6 percent decline in EFCs
• Above data based upon comparison of FY09 & FY10 data files
Increase in VSFAP Need
FY12 VSFAP
Funds
FY10 PM
% Met
FY11 PM
% Met
FY12 PM
% Met
Students
w/need
in FY12
Calc.
Christopher Newport University
$4,170,020
77.0%
73.0%
61.0%
1,072
1,268
18%
College of William & Mary
$2,991,549
81.0%
66.2%
67.4%
600
694
16%
George Mason University
$13,905,927
58.6%
53.7%
47.8%
5,012
6,094
22%
James Madison University
$6,739,671
64.7%
59.3%
55.1%
2,314
2,647
14%
Longwood University
$3,779,258
64.4%
57.5%
52.6%
1,148
1,295
13%
Norfolk State University
$7,001,393
62.6%
55.3%
49.0%
2,973
3,495
18%
Old Dominion University
$15,003,600
60.5%
52.0%
49.1%
6,052
7,035
16%
Radford University
$6,788,383
65.9%
65.1%
57.9%
2,240
2,518
12%
University of Mary Washington
$1,616,233
68.5%
59.2%
47.4%
598
718
20%
University of Virginia
$5,307,327
94.5%
99.6%
83.3%
1,236
1,626
32%
Institution
University of Virginia - Wise
Students
w/need
in FY13
Calc.
Increase
$1,911,488
70.5%
62.3%
50.8%
766
833
9%
$19,064,257
58.1%
61.1%
49.6%
6,154
7,249
18%
Virginia Military Institute
$799,232
80.8%
76.0%
63.4%
192
215
12%
Virginia State University
$5,393,470
52.3%
49.3%
45.7%
2,166
2,377
10%
$13,903,428
78.0%
68.6%
63.5%
3,764
4,493
19%
$108,375,236
64.7%
60.1%
53.3%
36,287
42,557
17%
Virginia Commonwealth Univ.
Virginia Tech
Four-Year Institution Totals
Richard Bland College
$381,736
64.5%
52.5%
34.1%
408
534
31%
Virginia Community College System
$32,449,179
50.2%
41.4%
35.6%
43,349
58,545
35%
Two-Year Institution Totals
$32,830,915
50.3%
41.5%
35.6%
43,757
59,079
35%
$141,206,151
60.9%
54.9%
47.8%
80,044
101,636
27%
TOTAL
Higher Education Advisory Committee
• Definition of Low/Middle Income
• The definitions of “low-income family” and
“middle-income family” shall be developed and
reviewed pursuant to subdivision B 2 of § 2338.87:23.
• 2. Criteria for determining which families qualify as
“low-income” and “middle-income” for purposes of
§ 23-38.87:15 and how they relate to federal, state
and institutional policies governing the provision of
financial assistance to students of such families;
Definition of Low/Middle Income
• “9. To establish a higher education funding
framework and policy that… provides
adequate need-based financial aid for lowand middle-income students and families”
• Each institution shall include in its six-year
plan… an institutional student financial aid
commitment that… provides assistance to
students from both low- and middle-income
families.
Definition of Low/Middle Income
• 2. Plans for providing sufficient financial aid to
mitigate the impact of tuition and fee increases
on low- and middle-income students and their
families as described in § 23-38.87:15, including
the projected mix of grants and loans;
• the institution's six-year plan… shall be obligated
to provide increased financial aid to maintain
affordability for students from low- and middleincome families.
Definition of Low/Middle Income
• 4. Federal and state financial aid programs and
institutional practices to ensure that the
appropriate level of financial assistance is being
provided to both low-income and middle-income
families,
http://leg1.state.va.us/cgi-bin/legp504.exe?111+ful+CHAP0828
Definition of Low/Middle Income
Approaches considered to date:
1.
2.
3.
4.
Percent of poverty level
Percentile of adjusted gross income
Percentile of EFC
TFRB as a percentage of AGI
Definition of Low/Middle Income
• Challenges:
– finding meaningful indices capable of
producing an understandable statewide
definition that is operational at the
institutional level. (i.e. Gross income v Adjusted Gross Income)
– determining how the definition will be used
Interest in STEM
• There remains considerable interest in providing
STEM-related incentives either at the institution
or the student level to increase degree
completion.
• Ideas to date include scholarship/loans, loan
forgiveness, tuition waivers, rebates, grants, etc
for students and performance incentive funding
for institutions.
• Stayed tuned…
Two Year College Transfer Grant
Proposed Changes
• Consideration for legislative proposal to raise the
maximum EFC from 8000 to 12000
• Consideration to conforming definition of
STEM-N with the SCHEV definition of STEM for
reporting purposes
– Originally developed by College Completion
America
Virginia Tuition Assistance Grant Program
FY12 Funding Update
• FY11 remaining revenue was approved to
rollover to FY12
– Means awards for all late applications
– Could result in increased spring award amount
for category 1 and 2
Regulations are Complete
• TAG Regulations have been officially
promulgated into law…
http://lis.virginia.gov/000/reg/TOC08040.HTM#C0071
Veterans GI Benefits
• Have been reviewing issue for several months.
• Talked with both federal and state veteran’s
offices, attorney generals office, and several
financial aid directors
• The federal law regarding the GI Bill, Chapter 33,
has no requirement, and federal staff has no
expectation, that non-federal programs conform to
the federal treatment.
• Federal law is permissive to the over-award policies
governing non-federal aid programs.
• Federal law explicitly states that Chapter 33
benefits are intended to cover educational
expenses.
• Federal guidance to not consider GI Bill Chapter 33
as a resource refers to federal treatment only.
Federal Code pertaining to Chapter 33 GI Bill:
• § 3313. Educational assistance: amount; payment
– (a) Payment.— The Secretary shall pay to each
individual entitled to educational assistance
under this chapter who is pursuing an
approved program of education (other than a
program covered by subsections (e) and (f))
the amounts specified in subsection (c) to
meet the expenses of such individual’s
subsistence, tuition, fees, and other
educational costs for pursuit of such program
of education.
• No federal law or guidance could be found that
required the benefits be excluded from over
award calculations other than federal.
• All inquiries were deferred to the laws governing
the respective aid programs.
• State programs prohibit award recipients from
having financial assistance that exceeds COA.
– The Virginia Tuition Assistance Grant and Two
Year College Transfer Grant programs have
statutory over-award restrictions,
– The Virginia Student Financial Assistance
Program (VSFAP) and College Scholarship
Assistance Program (CSAP) are regulatory.
• Staff has determined that amending VSFAP and CSAP
regulations to permit such over-awards would result in
dramatically inconsistent treatment of state funded
financial aid programs.
• VSFAP budget language indicates that the award is to
be based on “financial need” and CSAP statutory
language says that the award should only be given to a
student “with exceptional need.”
• So, even though there is no specific statutory overaward restriction for these programs, the legislative
need-based intent is clearly evident.
• Determined that SCHEV does not have sufficient
legislative authority to make the changes
requested by the institutions.
• However, if an institution is able to identify
unique educational costs borne by a veteran, the
institution has the federal authority to increase
the student’s cost of attendance accordingly.
• For VSFAP, TAG, CSAP, and the CTG, state aid
cannot be awarded as part of a package that
exceeds COA
• Other programs were not part of the initial
review, but programs such as the Virginia Military
Survivors and Dependent Education Program has
no statutory or regulatory restriction and so the
over award is permitted
Questions??