Presentation on theme: "Daniel Tramuta Associate VP for Enrollment Services SUNY Fredonia."— Presentation transcript:
Daniel Tramuta Associate VP for Enrollment Services SUNY Fredonia
Accelerating completion of degree for Pell Grant recipients In order to maximize the benefit of second Scheduled Awards Student must attend full-time, or almost full- time, to receive significant benefit Applying student achievement and accountability principles for use of funds under the American Recovery and Reinvestment Act of Summer 2010 awards were paid out of ARRA funding.
Acceleration – student must have earned and be enrolled in a total of at least (25) credit hours between the Summer Cross-Over(earned), Fall(earned), & Spring(enrolled) period. In determining eligibility for a second Scheduled Award in an award year, you may not use hours based on: Advanced Placement (AP) programs International Baccalaureate (IB) programs Testing out, life experience, or similar competency measures Must be enrolled in an eligible program leading to a bachelors or associate degree Must be enrolled at least half-time in order to receive any of 2 nd scheduled award
Can begin paying from second award in a payment period while paying the balance of first award if student qualifies for second award In the Spring semester, the student will use the last ¼ of the first scheduled award and begin receiving payment from the 2 nd as part of the entire full-time award. Summer 2010 ¾ time (9 hr) $1,500 Fall 2010 Full-time (12 hr) $2, Award Year/ EFC of 1588 Spring 2011 Full-time (12 hr) $2,000
$4,000 Scheduled Award for At the end of Fall, student earned 24 hours & is enrolled in 12 for the Spring; thus, meeting the 25 credit hour mark. In Spring, student receives payment from second Scheduled Award as long as student is ½ time Student receives last $2,000 from 2 nd scheduled award in Summer Summer 2010 Full-time (12 hr) $2,000 Fall 2010 Full-time (12 hr) $2, Award Year Spring 2011 Full-time (12 hr) $2,000 Summer 2011 Full-time (12 hr) $2,000
$4,000 Scheduled Award for At end of Fall, student earned (24) credit hours & will be taking 3 credit hours in the Spring; thus meeting the 25 credit hour mark… However, student receives no payment due to less than half-time enrollment Summer 2010 Full-time (12 hr) $2,000 Fall 2010 Full-time (12 hr) $2, Award Year Spring 2011 Less than half-time (3 hr) $0
Must assign cross-over payment period (summer) to the award year in which the student receives the greater payment. ~ you must compare EFCs to get the student their maximum Pell award for the cross-over period Schools were required to compare 0910 & 1011 EFCs for the cross over payment period until the 9/10/10 deadline for unless they paid Summer 2010 out of 0910 and had an established policy in place stating just that prior to July 1 st, 2010.
Three Different Institutional options: – Prior to July 1, 2010, a written policy had to be in place stating the students payment resides in and school will not apply these YRP regulations. This would have meant that all Summer 10 Pell would have been paid out of with no comparison to 1011 EFC and no monitoring of acceleration, i.e. monitoring of the 25 total hours during – If awarding Summer Pell from 1011 award year, YRP rules apply. This means Sum10 Pell award must be compared to 0910 Pell award. However, if school had policy in place prior to July 1 st, acceleration rule is optional for this year only. - If no policy in place, regulations apply and that means that you must compare EFCs for the cross-over term.
Effective in aid year, one can assume EFC is higher if – - No FAFSA. - Rejected ISIR with no EFC ISIR selected for verification but verification still not completed. For example, student enrolled during Summer 10 eligible for Pell award, no 1011 official EFC by 9/10/10 deadline, we awarded/paid Summer 10 Crossover Pell out of
EXAMPLE Summer term assigned as trailer for the award year with no policy in place Institution must pay Summer 2010 Pell from the EFC that provides the student the greatest benefit. Use FASFA/EFC for Pell since 1011 EFC provides the student the greater Pell Award. Use FAFSA/EFC for packaging all other aid during Summer 2010 in this example the summer term is the trailer.
Raises packaging issues Must use same EFC, COA and need for all programs except Pell For Pell, use EFC for the award year from which the student will be paid that warrants the higher award amount.
Must pay eligible students (school must find Pell eligible students enrolled in summer coursework and get them the funding) Must implement regardless of software capabilities, even if requires manual interventions such as may be necessary for crossover payment periods as per Fred Sellers from DE. You may pay summer student Pell funds and then the student is selected for verification, thus changing the EFC, which may result in a re-deposit of all or partial funds and a new origination out of the previous year
Example 1: - Summer 2010, 9 credit hour enrollment, - Aid year 1011 EFC=0 - Aid year 0910 EFC = 2696 School pays student summer Pell of $2082 for Summer out of 1011 award year in late July. - Student makes correction to FAFSA in late August and gets selected for verification - Due to verification 1011 EFC increase to School must do a re-deposit of $319 since now the student is only eligible for $1763 in summer
Example 2: - Summer 2010, 9 credit hour enrollment, - Aid year 1011 EFC=0 - Aid year 0910 EFC = 2696 School pays student summer Pell of $2082 for Summer out of 1011 award year in late July. - Student makes correction to FAFSA in late August and gets selected for verification - Due to verification 1011 EFC increase to School must do a re-deposit of 1011 Pell since now the student is only eligible for Pell in 0910 award year
Satisfactory Academic Progress – Example, upon SAP review at the end of Spring 2010, Student A lost all Federal aid for the Fall 2010 semester. In searching for all Pell eligible students who are enrolled in summer coursework, we found Student A who earned 6 hours. Use Summer as the penalty semester where student pays for coursework and now Student A gets aid reinstated for the Fall 2010 semester.