Transcript September News to Know Office of Student Financial Assistance Florida Department of Education.

September
2005
News to Know
Office of Student Financial Assistance
Florida Department of Education
Navigating Your Future
• "Navigating Your Financial Future" is
a comprehensive program for default
prevention offered to students and
their families by the Florida
Department Of Education, Office of
Student Financial Assistance. Topics
include: Financial Aid, Career
For more
Planning, Repayment of Your Student
information on
how to
Loan Debt, School Life Management,
implement
these products
Managing Your Budget, and Managing
at your campus,
contact
Your Credit.
Jacqueline Hill
at 850-2121108.
FY 2003 Official Cohort Default Rates
National
Cohort
Default Rate
for FY 2003 is
4.5%, down
from 5.2% in
FY 2002.
• The Department distributed the FY 2003 official
cohort default rate notification packages to
schools on September 12. 2005. For domestic
schools enrolled in the Electronic Cohort Default
Rate (eCDR) process, delivery was made to the
Student Aid Internet Gateway (SAIG) destination
point designated by the school. Domestic schools
not enrolled in eCDR will not receive notification
packages from the Department but may download
their cohort default rates and accompanying Loan
Record Detail Reports. All foreign schools will
continue to receive hard copy notification
packages. Time periods for submitting
adjustments and appeals begins on September
20, 2005 for domestic schools.
2006-2007 FAFSA Updates
• GEN-05-10 addresses the 2006-2007 FAFSA on
the Web Worksheet and Paper FAFSA Distribution
Plan.
Meteor and Mapping Your Future Joins
Together
• School users logging into Mapping Your Future's
Online Student Loan Counseling FAO Access Area
can now view borrower data in Meteor. MYF is a
Meteor access provider, authenticating school
users so they can access Meteor data without
establishing a separate login. School access is the
first collaborative effort between MYF and
Meteor. MYF volunteers and Meteor advisory and
technical team members are working on other
projects, including displaying Meteor data for
borrowers during their exit counseling sessions
on MYF. The joint team is developing a proof of
concept for this project and then will look to do a
pilot with one or more schools.
MYF Online Student Loan Counseling
• Through our sponsorship of Mapping-YourFuture, the following online student loan
counseling is available to your institution free of
charge:
For more
information on
how to utilize
these free
services, contact
your Outreach
Representative!
–
–
–
–
–
–
–
–
–
Stafford Entrance Counseling
Stafford Exit Counseling
Perkins Entrance Counseling
Perkins Exit Counseling
Stafford and Perkins Combined Entrance Counseling
Stafford and Perkins Combined Exit Counseling
Orientacion de admision del Prestamo Stafford
Orientacion de salida del Prestamo Stafford
Federal Nursing Loan Program Entrance Counseling
Mapping Your Future Chat Events
• October 25, 2005, 6 - 9 p.m. Eastern - Default Prevention
Chat Night sponsored by Georgia Student Finance Commission
• November 15, 2005 - Managing your student loans, including
repayment options, consolidation, and cancellation
• January 17, 2006 - Financial aid and the FAFSA
• March 21, 2006 - Applying to and paying for college (including
student loans)
• May 16, 2006 - Financial aid and managing student loans and
consumer debt
• August 15, 2006 - Managing your student loans, including
repayment options, consolidation, and cancellation
All chats are
scheduled from
7 – 8 p.m.
(unless otherwise
specified).
Disaster Guidance
• In an effort to help institutions serving students displaced by
Hurricane Katrina, resources are available on the Department
of Education Web site with the aim of getting supplies to
those schools accommodating affected students. The page can
be accessed at:
– http://www.ed.gov/katrina
• NASFAA also has a contact site for those who want to help
students impacted by the hurricane and will also serve as a
forum where schools, companies, organizations and
individuals can come together to offer assistance.
Furthermore, institutions, companies and organizations
accepting students and supplies are encouraged to fill out the
"needs" section of the site to help expedite the donation
process. For additional information, visit:
– http://www.nasfaa.org/linklists/katrina.html
– http://www.nasfaa.org/katrina.asp
continued
Disaster Guidance
• Many schools are helping students transfer from institutions
impacted by Hurricane Katrina to their own institution so that
these students can continue -- and in many cases begin -their postsecondary educations. Federal Student Aid explains
in this announcement how it can support these efforts by
facilitating the transfer of FAFSA information. For more
information, visit:
– http://www.NASFAA.org/publications/2005/ea3rdkatrina0
91205.html
• Federal Student Aid also has four FAQ’s on Hurricane Katrina
issues addressing:
– Postsecondary Schools
– Students and Parents
– Federal Direct Loan Borrowers
– FFEL Borrowers
continued
Disaster Guidance
• On September 2, 2005, Governor Bush issued a memorandum
addressing Section 1004.07, Florida Statutes that requires that
Florida public universities, colleges, and community colleges
extend to members of the Florida National Guard (that have
been called to Active Duty) the option of either completing
courses at a later date in which they enrolled without penalty
or withdrawing from the courses in which they are enrolled
with a full refund of fees paid. (See DOE OGC Op. 04-06)Section 250.01(21), Florida Statutes, make it clear that the
Guard's service to our State during this emergency is "active
military service" within the meaning of the statute. Please
ensure that all relevant personnel are complying with these
statutes and ask faculty to assist soldiers enrolled in courses
to make-up coursework.
Disaster Guidance
continued
• The counties that have been impacted by Hurricane Katrina
are as follows:
– Florida - FEMA currently has no counties listed for
individual assistance.
– Louisiana - The parishes of Acadia, Ascension, Assumption,
Calcasieu, Cameron, East Baton Rouge, East Feliciana,
Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette,
Lafourche, Livingston, Orleans, Pointe Coupee,
Plaquemines, St. Bernard, St. Charles, St. Helena, St.
James, St. John, St. Mary, St. Martin, St. Tammany,
Tangipahoa, Terrebonne, Vermillion, Washington, West
Baton Rouge, and West Feliciana.
– Mississippi - Amite, Forrest, George, Greene, Hancock,
Harrison, Jackson, Lamar, Marion, Pea River, Perry, Pike,
Additional
designations may
Stone, Walthall, and Wilkinson.
be made after
– Alabama - Baldwin, Mobile, and Washington.
further
evaluation. We
will keep you
posted!
Allowable Fees
•
•
The Florida Bright Futures Scholarship Program and the Children of Deceased
or Disabled Veterans Scholarship Program cover fees included in the cost per
credit hour charged to all students at the postsecondary institution. The
following fees, charged individually or by block and presently reported by the
State University System and Division of Community Colleges, are included in
the 2005-06 student’s cost per credit hour:
– Access and Transportation
– Activity and Service
– Athletic
– Building
– Capital Improvement
– Financial Aid
– Health
– Technology
In addition, the 2004 Legislature passed Senate Bill 2810 permitting state
universities to increase athletic fees up to $2.00 per credit hour to defray
costs associated with changing athletic divisions within the National
Collegiate Athletic Association. Section 1009.24, Florida Statutes, provides
for a cap on the amount of this fee assessed to Bright Futures. OSFA
computes the allowable amount for institutions reporting such fee.
Upcoming State Program Deadlines
• September 30
–
G&H Report deadline for current summer term for Bright Futures
students ineligible for renewal after Spring evaluation
• September/October
–
Term 1 Disbursement Eligibility Report (DER) due to OSFA 30 days after
the last day of the PSI’s drop/add
• October 30
–
Participating PSI disbursement deadline for the William L. Boyd, IV,
Florida Resident Access Grant (FRAG) for Term 1
• November/December
–
Term 1 refund/reconciliation due to OSFA 60 days after the last day of
the PSI’s drop/add
• December
–
–
–
–
Bright Futures Academic Top Scholars Awards listed on Master Eligibility
List (MEL)
Program allocations requested for eligible institutions for Term 2
Term 2 pro-ration information (if applicable) sent for FRAG and ABLE
Programs
Florida Financial Aid Application for Students available online for next
academic year
EAC Conferences
• Federal Student Aid invites you and your colleagues to join them
at one of their two Electronic Access (EAC) Conferences. The
conferences are being held at the Manchester Grand Hyatt in San
Diego, California from October 30 to November 2 and at the
Marriott Marquis in Atlanta, Georgia from November 29 to
December 2, 2005. These conferences provide updates and
training on Federal Student Aid's application, eligibility and
delivery services and focus on issues related to the administration
of Title IV programs. With over 4,000 attendees expected this
year, the annual EAC is a "can't-miss" opportunity. Mark your
calendar now for four days of education, career development,
networking and more! For current information on registration,
sessions and agenda, visit www.ifap.ed.gov and click on FSA
conferences in the left-hand column.
• Please note: FSA has canceled the 2006 Spring Conference. It
noted that the scope of the Spring Conference has changed and
the program has evolved to incorporate most of the training
already provided at the two fall Electronic Access Conferences.
NASFAA Fall Training
• NASFAA is pleased to announce plans for their 2005 NASFAA Fall
Training on "Administrative Capability: Campus-Wide Compliance.”
There are multiple locations within the SASFAA region. Please visit
the NASFAA website for further details.
FASFAA Dates to Remember
•
•
•
•
•
October 6, 2005
– FASFAA Region I Fall Workshop
– Marianna
October 11, 2005
– FASFAA Region VI Fall Workshop
– Location TBD
October 12, 2005
– FASFAA Region V Fall Workshop
– West Palm Beach
October 13, 2005
– FASFAA Region III Fall Workshop
– Kissimmee
October 26 - 28, 2005
– FASFAA Fall Training Conference
– Orlando
• November 16, 2005
–
–
FASFAA Region IV Workshop
St. Petersburg
For more
information on
these events, and
other future
scheduled
events, visit the
FASFAA website,
and click on
“calendar”
Mission Statement
• The Florida Department of Education, Office of
Student Financial Assistance (OSFA), serves as a
guarantor for the Federal Family Education Loan
Program (FFELP), and the administrator of
Florida’s scholarship and grant programs. The
OSFA Mission is to facilitate higher education
access and services by providing exemplary
customer attention, comprehensive financial aid
information, and convenient and efficient
products.
Philosophy
• As a public agency, OSFA has the ability to offer its
partners and customers something few guarantors
can: the ability to shape OSFA programs and
services based on their specific concerns. Earnings
generated from OSFA’s loan programs are used to
help fund scholarship and grant programs, financial
aid workshops and publications, and to provide
better services for our participants. When schools
and students choose to use the OSFA guarantee for
student loans, they are actually helping countless
other needy and deserving students by investing in
education programs. So, if a participant has a
problem or suggestion, OSFA management listens
and does whatever it takes to implement a solution
that meets their needs. Public dollars deserve that
kind of accountability in education finance.
Outreach Team Contact Information
• Ernest Smith, Director of Market Development
– 850-322-6498
– Jacqueline Hill, Default Prevention Manager
– 850-212-1108
– Lori Auxier, Manager of Outreach Services
– 850-212-2997
– Karen Hurrell, Senior Outreach Representative
– 904-745-3091
– Stephanie Durdley, Outreach Representative
– 850-322-6219
– Kelly Bernhardt, Outreach Representative
– 850-277-2331
• Robin Blank, Outreach Representative
– 850-264-6008
Regional Contact Information
• Lori Auxier
– Manager of Outreach Services
– 850-212-2997
– [email protected]