Transcript FEDERAL UPDATE Fred Sellers Office of Postsecondary Education

Southwest Association of Student
Financial Aid Administrators
2006 Tulsa
FEDERAL
UPDATE
Fred Sellers
Office of Postsecondary Education
U.S. Department of Education
Agenda
 Secretary’s Commission
 Fiscal Year 2007 Budget
 Higher Education Legislation
 Regulations
 HERA
 HERA: ACG and National SMART Grant Programs
 HERA: General Provisions, Loans, and Need Analysis
 Additional Loan Issues
 Operational Update
 Default Rates
 On the Horizon
2
Secretary’s Commission
on the
Future of Higher Education
3
Secretary’s Commission on the Future
of Higher Education
Final Report — “A Test of Leadership:
Charting the Future of Higher Education”
“U.S. higher education needs to improve in
dramatic ways,” changing from “a system
primarily based on reputation to one based on
performance.”
http://www.ed.gov/about/bdscomm/list/hiedfuture/index.html
4
Secretary’s Action Plan
Accessibility
“There are far too many Americans who want to go to
college but cannot—because they're either not
prepared or cannot afford it.”
Affordability
“There is little to no information on why costs are so
high and what we're getting in return.”
Accountability
“No current ranking system of colleges and
universities directly measures the most critical
point—student performance and learning.”
5
Fiscal Year 2007 Budget
6
Title IV Program Budgets
Appropriations
Program
Pell Grant
FY 2006
FY 2007*
(AY 05-06)
(AY 06-07)
(AY 07-08)
$12,364,997,280 $13,045,230,000 $12,738,770,000
(Max Award)
FSEOG
FWS
Perkins
LEAP
Acad Comp
& SMART
FY 2005
$4,050
$
$
$
$
$
$4,050
778,720,000
990,257,056
66,131,680
65,643,000
$
$
$
$
- $
770,932,800
980,354,485
65,470,363
64,987,000
$4,050
$
$
$
$
770,932,800
980,354,485
-
790,000,000 $
850,000,000
* President's FY 2007 Budget Submission
7
Title IV Program Budgets
Aid Available
FY 2006
Program
Pell Grant
$
(Max Award)
FSEOG
FWS
Perkins
LEAP
AC/SMART
Loans
TOTAL
(AY 06-07)
12,745,900,000
FY 2007*
$
$4,050
$
$
$
$
$
$
$
975,900,000
1,172,000,000
1,135,000,000
165,000,000
790,000,000
60,577,000,000
77,560,800,000
(AY 07-08)
12,986,000,000
$4,050
$
$
$
$
$
$
975,900,000
1,172,000,000
133,000,000
850,000,000
66,082,000,000
$ 82,198,900,000
* President's FY 2007 Budget Submission
8
Title IV Program Budgets
Status of Appropriations
Program
Pell Grant
FY 2007*
FY 2007*
(AY 06-07)
House
Senate
$13,045,230,000 $13,009,000,000 $12,606,713,000
(Max Award)
FSEOG
FWS
Perkins
LEAP
Acad Comp
& SMART
FY 2006
$4,050
$4,150
$
$
$
$
770,932,800
980,354,485
65,470,363
64,987,000
$
$
$
$
$
790,000,000 $
770,933,000
980,354,000
65,471,000
64,987,000
$4,050
$
$
$
$
770,933,000
980,354,000
65,471,000
64,987,000
850,000,000 $
850,000,000
* Committee-passed Bills
9
Hurricane Help for Institutions
 Hurricane Education Recovery Act (P.L. 109-148)
 $95 million to 18 Louisiana institutions
 $95 million to 38 Mississippi institutions
 $10 million to 99 U.S. institutions
 $30 million “retained” by 18 Gulf institutions
 Higher Education Recovery Awards (P.L. 109-234)
 $50 million to 41 Gulf institutions
 Natural Disaster Student Aid Fairness Act (P.L.
109-86)
 $28 Million reallocated to 29 campus-based
program institutions
10
Higher Education
Legislation
11
Legislation
 Higher Education Reconciliation Act of 2005 (P.L. 109171) (HERA)
 Emergency Supplemental Appropriations Act for
Defense, the Global War on Terror, and Hurricane
Recovery, 2006 (P.L. 109-234)
 Continuing Appropriations Resolution, 2007 (included
in P.L. 109-289, The Department of Defense Appropriations
Act, 2007)
 Through November 17, 2006
 Third Higher Education Extension Act of 2006 (P.L.
109-292)
 Through June 30, 2007
12
Third Higher Education Extension Act
 New restrictions on eligible lender trustee
arrangements with postsecondary institutions
 Definition of Hispanic-serving institution
 Clarification of GA account maintenance fees
 New loan discharge for survivors of 9/11 victims
13
Regulations
14
Title IV Program Regulations
Interim final regulations with comments invited
 ACG/National SMART Grants
July 3, 2006
 Other HERA issues
August 9, 2006
Final regulations
 ACG/National SMART Grants
 Other HERA issues
November 1, 2006
November 1, 2006
Final regulations
 Title IV programs
November 1, 2007
15
Final Regulations
• Significant modifications based on public
comment in ACG/National SMART Grant
regulations
• Change
– Must receive Pell in the award year, rather than the
payment period
• Clarification
– Academic year progression based on attendance in all
eligible programs over the course of a student’s
undergraduate education
– No prior enrollment in an ACG eligible program while
in high school for first-year eligibility
• Early implementation of ACG/National SMART
Grant regulations
• HERA regulations effective December 1, 2006
16
Negotiated Rulemaking
 Federal Register notice, August 18, 2006
 Regulatory issues
 Academic Competitiveness and National
SMART Grants
 Recent legislation, including HERA
 Secretary’s Higher Education Commission
 Up to four negotiating committees
 Committed to discussing ACG and National
SMART Grants
 Could include other HERA changes
 Title IV programs including student loans
 Institutional eligibility
 General Provisions
17
Negotiated Rulemaking
 Tentative calendar
 Public hearings:
 Nominations
 Sessions:
 NPRM:
 Comments:
 Effective date:
Sept – Nov
November 9, 2006
December 2006
February 2006
March 2007
May 2007
July 2007
July 1, 2008 (possible
early implementation)
18
HERA
19
Deficit Reduction Act of 2005—S. 1932
 Conference report passed the House on
December 19, 2005
 Conference report passed the Senate on
December 22, 2005 in slightly different form
 House passed Senate version on February 1,
2006
 President signed into law February 8, 2006
20
HERA:
ACG and National SMART Grant
Programs
Academic Year and Financial Need
21
Duration of Eligibility
 ACGs
 One grant for first t. IV academic year
 One grant for second t. IV academic year
 National SMART Grants
 One grant for third t. IV academic year
 One grant for fourth t. IV academic year
 Progression: based on attendance in all eligible
programs
22
Academic Year
A title IV academic year is defined in the HEA to
be a minimum of:
– 24 semester hours, 36 quarter hours, or 900
clock hours, and
– 30 weeks of instructional time (26 for clock
hours) .
23
Credit Hours
• Regardless of the hours in a program’s academic
year, full-time for an undergraduate is a
minimum of:
– 12 semester hours for a semester or
trimester; or
– 12 quarter hours for a quarter.
• Title IV academic year is often not the same as
grade level for institutional purposes and loan
limits (i.e., 30 semester hours to progress from
grade level 1 to grade level 2).
24
Weeks of Instructional Time
• Determine the actual number of weeks of
instructional time to complete hours earned
• For transfer student, may assume weeks of
instructional time based on credits accepted
25
Weeks of Instructional Time
• For the 2006-2007 and 2007-2008 award years, if
Formula 1 program, may assume weeks of
instructional time for credit hours in program’s
title IV academic year
• See DCL GEN-06-18
• May exercise Formula 1 option to assume weeks–
– On a student by student basis;
– For same student for different terms; or
– For transfer credits differently than for home
earned credits
26
Weeks of Instructional Time
• NOTE: for transfer students and for programs
using Formula 1 and assuming weeks, an
institution must determine the actual number of
weeks of instructional time for a student who
requests such a determination or questions
whether they have completed an academic year.
27
Determining Academic Year Progression
Payment Formula
Used for Eligible
Program
Academic Year
Based on Actual
Weeks of
Instructional Time
and Hours
May Assume Weeks
Based on Hours
(2006-7 and 2007-8)
May Assume Weeks
Based on Accepted
Hours for Transfer
Students
Must Determine
Actual Academic Year
Standing if Student
Requests
Formula 1
YES
YES
YES
YES
Formula 3, but
eligible to use
Formula 1
YES
YES
YES
YES
Formulas 2, 3, 4 5
YES
NO
YES
YES
for transfer students
28
Example 1:
Courses/credits that do not count
in weeks of instructional time
• When tracking actual weeks of instructional time, courses
that are not part of an ACG or National SMART Grant
eligible program or courses not at the postsecondary level do
not count in determining weeks of instructional time.
• Examples of such courses include:
– Remedial Coursework;
– Advanced Placement (AP) or International Baccalaureate (IB)
courses/exams;
– College Level Examination Program (CLEP);
– Credit for life experience;
– Courses taken when not enrolled as a regular student; and
– Courses that are not part of an eligible program.
29
Example 2:
Advanced Placement courses
• Student graduated high school May 2006 for Fall 2006
with 45 AP credits accepted toward the student’s degree.
• School A’s defines an academic year 24 semester hours
and 30 weeks of instructional time for the student’s
program and uses Formula 1.
• If School A assumes weeks of instructional time, this
student would be in his or her second academic year.
– 45/24 = 1.875
• However, student has no GPA from “first academic year”
and would, therefore, not be eligible to receive ACG funds
for a second-academic-year award.
30
Example 2:
Advanced Placement courses (cont’d)
• If School A chose to track actual weeks, then the student
would still be in his or her first academic year as AP
credits carry no weeks of instructional time. This student
would be eligible for first-year ACG award if otherwise
eligible.
31
Example 3:
Academic year
• Student completes 36 semester hours at School X and has
3.50 GPA. School Y accepts only 24 hours upon transfer.
• School Y is only required to use the hours that transfer in
determining academic year (hours and weeks), but the
school may look at transcript (i.e., all 36 hours) to
determine weeks of instructional time completed or may
determine the actual weeks attended at School X.
• School Y chooses to use only the hours accepted to
determine weeks. The student is, therefore, considered to
have completed 24 hours and 30 weeks instructional time,
i.e., one academic year.
32
Example 4:
Academic year
• Student enrolls at School A for 2006-07 award year.
Student completes 24 semester hours over three terms
(part-time enrollment) and receives no ACG.
• Student transfers to School B for 2007-08 award year.
School B only accepts 18 semester hours of the courses
taken at School A. School B defines its academic year as
24 semester hours and 30 weeks of instructional time.
• School B uses Formula 1 and chooses to assume weeks of
instructional time not only for transfer credits but also
for credits earned at School B instead of tracking actual
weeks of enrollment.
33
Example 4:
Academic year (cont.)
• School B assumes 75% of academic year’s weeks (18/24)
completed. Student is still in first academic year at
School B.
– Year 1 is 0-24 hours and 30 weeks, Year 2 is 25-48 hours and
weeks 31-60 …
• School B awards half of first-year ACG ($375) for Fall
2007.
• Student completes 15 hours in Fall 2007 and now has
completed 33 semester hours. Student has cumulative
GPA of 3.25 on the 15 hours earned at School B.
34
Example 4:
Academic year (cont’d)
• School B assumes weeks, which means student has
completed 1.375 academic years (33/24). Student has
completed year 1 and is in academic year 2.
• For Spring 2008, school may award half of second-year
ACG ($650).
• Student received total of $1,025 in ACG funds for
2007-2008.
• The student completes 15 hours in the the Spring 2008
term.
• In the fall of 2008 the student is entering the third
academic year and no longer eligible for ACG.
35
Example 5:
Academic year
• Like Example 4, student enrolls at School A for 2006-07
award year. Student completes 24 semester hours over
three terms (part-time enrollment) and receives no ACG.
• Student transfers to School B for 2007-08 award year.
School B only accepts 18 semester hours of the courses
taken at School A. School B defines its academic year as
24 semester hours and 30 weeks of instructional time and
uses Formula 1.
• School B determines student has completed 18 credit
hours and has policy to track actual weeks of instructional
time earned at school B.
36
Example 5:
Academic year (cont.)
• School B may look at transcript and determine that student
has completed the weeks in a full academic year, because
student completed two semesters at School A, but will only
have 18 hours “completed” at School B.
• Note that the regulations and guidance will allow School B
to assume weeks of instructional time for hours transferred
in and then track actual weeks of instructional time from
that point on.
• Nothing prevents a school from using the assumption
method for transfer hours then tracking actual weeks of
instructional time at the school, unless the student requests
that all weeks of instructional time be tracked rather than
assumed.
37
Example 5:
Academic year (cont.)
• For the first semester (Fall 2006) at School B, the student can
be awarded $375 in ACG funds.
• Student completes 15 hours in Fall 2006 and has a cumulative
GPA of 3.25. This GPA represents only the 15 hours taken in
Fall 2006 and the school’s policy is not to include the grades of
transferred hours.
• At the end of Fall 2006, the student will have completed the
weeks for 1 ½ academic years and have 33 hours. The school
may award $650 in ACG funds for Spring 2007.
• If school policy is to include GPA for courses transferred in,
then the cumulative GPA at the end of Fall 2006 would also
include the GPA for those courses.
38
Example 6:
Academic year
• At School C, student completes 12 credit hours. Student
was only enrolled full-time one semester and received only
one disbursement ($375) of ACG funds.
• Student transfers to School D and none of the 12 credits
transfer. School D uses Formula 1 for the student’s
program and assumes weeks of instructional time.
• With zero hours, School D reviews NSLDS and notes the
student has already been awarded ACG funds (which
serves as documentation of completion of rigorous
secondary school program of study).
• School D awards this student $375 ACG award.
39
Example 6:
Academic year (cont.)
• Student completes 14 credit hours in Fall. Although the
student appears to be still in the first academic year at
School D, there are no remaining ACG funds for Spring.
• However, because the student received half an ACG at
School C, School D must assume that the student
completed half an academic year at School C unless it
has information to the contrary.
• School D must consider the student to be entering the
second academic year in the Spring term.
– A student’s academic year progression is based on attendance in
all eligible programs over the course of the student’s
undergraduate education.
40
Example 7:
Academic year progression
Student graduates high school and enrolls at school that
tracks actual weeks of instructional time.
• Fall 2006: 15 hours, 15 weeks
– Awarded ½ of 1st academic year ACG
– Ends term with 15 hours and 3.66 GPA
• Spring 2007: 18 hours, 15 weeks
– Awarded ½ of 1st academic year ACG
– Ends term with 33 hours and 3.58 GPA
• Summer 2007: 9 hours, 15 weeks*
– Receives no ACG (less than full-time)
– Ends term with 42 hours and 3.63 GPA
* Programs using formulas 1 and 2 allowed to treat summer
term as half an academic year in weeks, e.g., 15 weeks
41
Example 7:
Academic year progression (cont.)
• Fall 2007: 18 hours, 15 weeks
– Awarded ½ of 2nd academic year ACG
– Ends term with 60 hours and 3.67 GPA
• Spring 2008: 18 hours, 15 weeks
– Awarded ½ of 3rd academic year Nat’l SMART Grant (beyond
2nd yr in wks & hrs; SMART-eligible major declared)
– Ends term with 78 hours and 3.72 GPA
• Summer 2008: 9 hours, 15 weeks*
– Receives no Nat’l SMART Grant (less than full-time)
– Ends term with 87 hours and 3.69 GPA
42
Example 7:
Academic year progression (cont.)
• Fall 2008: 15 hours, 15 weeks
– Awarded ½ of 4th academic year Nat’l SMART Grant
– Ends term with 102 hours and 3.67 GPA
• Spring 2009: 18 hours, 15 weeks
– Awarded ½ of 4th academic year Nat’l SMART Grant
– Ends term with 120 hours and 3.64 GPA
• Total ACG received: $1,400
• Total National SMART Grant received: $6,000
43
Example 8:
Academic year progression
Student graduates high school and enrolls at school that
assumes weeks of instructional time based on credits.
• Fall 2006: 15 hours, 15 actual weeks
– Awarded ½ of 1st academic year ACG
– Ends term with 15 hours and 3.66 GPA (assumes 0.625 ac.yrs.)
• Spring 2007: 18 hours, 15 actual weeks
– Awarded ½ of 1st academic year ACG
– Ends term with 33 hours and 3.58 GPA (assumes 1.375 ac.yrs.)
• Summer 2007: 9 hours, 15 weeks*
– Receives no ACG (less than full-time)
– Ends term with 42 hours and 3.63 GPA (assumes 1.75 ac.yrs.)
* Programs using formulas 1 and 2 allowed to treat
summer term as half an academic year in weeks, e.g., 15 weeks
44
Example 8:
Academic year progression (cont.)
• Fall 2007: 18 hours, 15 weeks
– Awarded ½ of 2nd academic year ACG
– Ends term with 60 hours and 3.67 GPA (assumes 2.5 ac.yrs.)
• Spring 2008: 18 hours, 15 weeks
– Awarded ½ of 3rd academic year Nat’l SMART Grant because
eligible major declared
– Ends term with 78 hours and 3.72 GPA (assumes 3.25 ac.yrs.)
• Summer 2008: 9 hours, 15 weeks*
– Receives no Nat’l SMART (less than full-time)
– Ends term with 87 hours and 3.69 GPA (assumes 3.625 ac.yrs.)
45
Example 8:
Academic year progression (cont.)
• Fall 2008: 15 hours, 15 weeks
– Awarded ½ of 4th academic year Nat’l SMART Grant
– Ends term with 102 hours and 3.67 GPA (assumes 4.25 ac.yrs.)
• Spring 2009: 18 hours, 15 weeks
– Awarded ½ of 4th academic year Nat’l SMART Grant
– Ends term with 120 hours and 3.64 GPA (graduates)
• Total ACG received: $1,400
• Total National SMART Grant received: $6,000
46
Example 9:
Change in academic year
• Student completes 49 semester hours at School A over
three award years then transfers to School B. School B
reviews NSLDS and sees that the student received a full
Scheduled Award for ACG for the 2008-09 award year
for academic year 2.
• School B only accepts 22 semester hours as applicable
toward a degree at its institution.
• Student is not eligible for academic year 1 ACG because
history shows year 2 already received.
– A student’s academic year progression is based on attendance in
all eligible programs over the course of the student’s
undergraduate education.
47
Example 10:
Financial need
Student Profile
COA: $19,500
EFC:
Need: $19,500
0
Original Determinations
Merit Scholarship $15,000
Federal Pell Grant $ 4,050
ACG:
$ 750
Packaging Options
Merit Scholarship:
Federal Pell Grant:
ACG:
--OR-Merit Scholarship:
Federal Pell Grant:
ACG:
$14,700
$ 4,050
$ 750
$15,000
$ 4,050
$ 450
48
Example 11:
Financial need
Student Profile
COA: $25,500
EFC:
Need: $25,500
0
Original Determinations
Veterans Benefits
$21,970
Federal Pell Grant $ 4,050
ACG:
$ 750
Packaging Options
Veterans Benefits $21,970
Federal Pell Grant: $ 4,050
ACG:
$
0
Student cannot receive any
ACG funds because need has
already been met. No
overaward for Pell and VA
only.
49
HERA:
General Provisions,
Need Analysis, and Loans
(selected provisions)
50
Institutional and Program Eligibility
 Weeks in academic year for clock hour programs
reduced to 26.
 50% rules do not apply to telecommunications.
 Programs of distance education must be specifically
accredited.
 Short-term telecommunications programs are eligible
 Provision for programs using assessment to measure
progress.
51
COST OF ATTENDANCE
 Cost of attendance (COA) for less than half-time
students may include room and board costs, at
school’s option.
 Cost of attendance (COA) may include, at school’s
option, the one-time cost of obtaining the first
professional license or certification
52
CALCULATION OF EFC - 2006-2007
Simplified Needs Test and Auto Zero EFC
 Increases to $20,000 the threshold under which a
family would automatically have an EFC of zero.
 Eliminates consideration of dependent student’s tax
return for both SNT and Auto-Zero EFC.
 Tax return alternative if family received benefits
from a Federal means-tested program
53
CALCULATION OF EFC - 2006-2007
Other EFC Changes
 Treats all 529 Pre-Paid and Tuition Savings Plans
as assets of the owner, unless the owner is the
dependent student
 Excludes small-businesses from assets
 Adds active duty military to the criteria that
makes a student independent
 Increases income protection allowances (07-08)
 Decreases asset assessment rates (07-08)
54
DRUG CONVICTION
Provides that an applicant loses eligibility for Title IV
aid only if the drug related offence for which he or
she was convicted occurred while the student was
receiving Title IV aid.
55
RETURN OF TITLE IV AID (R2T4)
 Excludes LEAP/SLEAP, GEARUP, others from
calculations
 Specifies that scheduled clock hours are used to
determine earned aid.
 Clarifies that multiple leaves of absence are
permitted.
 Limits a grant overpayment due from a student to
the amount by which the original overpayment
amount exceeds half of the total grant funds received
by the student.
56
FFEL and Direct Loans
PLUS Loan Eligibility to Graduate Students
 Extends eligibility for PLUS Loans to graduate and
professional students.
 Eligibility criteria is the same as for a parent,
including credit checks and no in-school status.
However, student would be eligible for an in-school
deferment.
 Student must file FAFSA.
 Effective for any loan certified or originated on or
after July 1, 2006.
57
FFEL and Direct Loans
Annual Loan Limits
 Increases annual base loan limits for –
 First year students from $2,625 to $3,500
 Second year students from $3,500 to $4,500
 Increases annual additional unsubsidized for - Graduate students to $12,000
 Prep for grad program $7,000
 Teacher certification to $7,000
 Effective for loans first disbursed on or after July 1,
2007.
Aggregate loan limits are not increased.
58
FFEL and Direct Loans
Interest Rates
 Fixed rate of 6.8% for new Stafford loans first
disbursed or or after July 1, 2006.
 Fixed rate of 8.5% for new FFEL PLUS loans
first disbursed or or after July 1, 2006.
 Fixed rate of 7.9% for new Direct Loan PLUS
loans first disbursed or or after July 1, 2006.
59
FFEL and Direct Loans
Low-Default Disbursement Waivers
An institution with cohort default rates of less than 10 percent for
the three most recent years is exempted from the requirements
that FFEL and Direct Loans - Be issued in at least two disbursements for one-term
loans; and
 Be delayed for 30-days for first time students.
60
FFEL and Direct Loans
Other Loan Provisions






Origination fees
Guaranty fee
Consolidation loans
School as lender
Teacher loan forgiveness
Active military deferment
61
Additional Loan
Issues
62
Preferred Lenders
 Preferred lenders lists are OK, BUT:
 An institution must process any loan request
made by a student or parent regardless of
lender.
 There may not be unreasonable delays.
 There may be no automatic referrals.
 Publications, scripts, and staff training must
comply.
 Violations could bring sanctions.
 This guidance does not apply to FFEL/DL
choice.
63
Alternative Loans
Alternative loans must be included as “estimated
financial assistance” if - School is aware of the loan and
 Condition of loan is enrollment
 It does not matter where loan proceeds are sent or
whether school “certified” enrollment.
 It is like an outside scholarship.
64
Operational Update
65
Application Processing Statistics
FAFSA Filing
2005-2006 vs 2006-2007
 11,931,071
2005-06 FAFSAs
filed as of Week 50
 88.5% electronic
13,000,000
11,000,000
9,000,000
7,000,000
 12,068,379
2006-07 FAFSAs
filed as of Week 50
94.3% electronic
5,000,000
3,000,000
1,000,000
-1,000,000
2005-06
FOTW
EDE
2006-07
Paper Apps
66
Perkins Portfolio Performance
 Risk factors
 Excess liquid capital: trend in not spending
funds in the portfolio.
 96 institutions have a total of more than
$60 million of excess Perkins loan funds.
 5-10 year nonperforming loans represent
nearly $1 billion in student aid
 Recommend that schools evaluate and
assign
67
FY 2004
FFEL and Direct Loan
Default Rates
68
National Student Loan Default Rates
69
Default
Sector
DefaultRates
Rates byby
Sector
School Type
FY 2002
FY 2003
FY 2004
Public – 2 Year
8.5%
7.6%
8.3%
Public – 4 Year
4.0%
3.3%
3.6%
Private – 2 Year
6.1%
6.3%
7.4.%
Private – 4 Year
3.1%
2.6%
2.9%
Proprietary
8.7%
7.3%
8.8%
Foreign
2.0%
1.8%
1.5%
National Rate
5.2%
4.5%
5.1%
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SWASFAA Default Rates
State
FY 2001
FY 2002
FY 2003
Arkansas
7.0%
5.9%
6.7%
Louisiana
5.5%
4.4%
5.6%
New Mexico
6.0%
5.2%
4.4%
Oklahoma
6.1%
5.8%
6.7%
Texas
6.4%
5.9%
6.8%
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On the Horizon
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On the Horizon
 Secretary’s commission report
 Engaging with low-income, disadvantaged
traditional students who never apply for financial
aid
 Paperless FAFSA
 Estimate financial aid for juniors in high
school
 Link outreach with Upward Bound programs
 Revising the application process
 Total student experience
 Customizable for each student
 Federal Government assuming the
responsibility for verification
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HERA Training
 Are more than 50 sites across country
 Began late September
 Will offer a Spring series also
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Thank You!
Fred Sellers
[email protected]
202 502-7502
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