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2013-14 Pennsylvania Targeted Industry Program (PA-TIP) 1.

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Presentation on theme: "2013-14 Pennsylvania Targeted Industry Program (PA-TIP) 1."— Presentation transcript:

1 Pennsylvania Targeted Industry Program (PA-TIP) 1

2 Presentors: Isaac Greene, Manager of Special Programs Jen Brougher, Senior Special Programs Analyst Tim Ireland, Special Programs Analyst 2

3 PA-TIP - Background Announced in the Governor’s Proposed Budget in February 2012; Legislation approved July 2012 PHEAA Board of Directors approved - $5 million in funding June 2012 & again in June statistics: 2,935 applications 1,268 recipients 66 approved institutions $4,590,446 net disbursed awards 3

4 PA-TIP Award Year Changes 1.Award Amounts 2.Half-time Awards 3.PA-TIP refund processing 4

5 PA-TIP Award Year Changes Maximum Award Amount »Maximum full-time award = Maximum State Grant award ($4,363) or 75% of student cost, whichever is less »Maximum half-time award = $2,180 or 75% of student cost, whichever is less ◦ Veterans are eligible for State Grant Max or 100% of cost, whichever is less Minimum Award Amount »$500 full-time awards »$250 half-time awards 5

6 PA-TIP Award Year Changes Barriers to participation for Community Colleges and vocational schools PA-TIP awards to students enrolled ‘half-time’ at approved public and private, non-profit institutions Half-time definition: enrolled in at least 6 credits but no more than 11 credits or the clock hour equivalent 6

7 PA-TIP Award Year Changes PA-TIP refund processing » No funds will be disbursed to a school that has an outstanding refund due over 45 days » 45 days are determined by the date that PHEAA has received and processed your disbursement roster or Applicant Certification and Status Listing which indicated a refund due 7

8 Full-time Award Formula 8 FULL-TIME ENROLLMENT STEP 1DETERMINE TOTAL COST +TUITION & FEES +$4,000 LIVING EXPENSE ALLOWANCE +BOOKS, SUPPLIES OR EQUIPMENT STEP 2DETERMINE TOTAL RESOURCES -PELL -EMPLOYER TUITION REIMBURSEMENT -OTHER GIFT AID STEP 3DETERMINE NET COST TOTAL COST – TOTAL RESOURCES STEP 4DETERMINE AWARD AMOUNT NET COST * 75% STEP 5VERIFY MAX & MIN AWARD PARAMETERS

9 FULL-TIME AWARDS EXAMPLE 1 EXAMPLE 2 TUITION & FEES $11,038 BOOKS, SUPPLIES & EQIP $1,000 LIVING EXSPENSE ALLOWANCE $4,000 TOTAL COSTS$16,038 FEDERAL PELL GRANT $3,500 EMPLOYER FUNDING N/A$8,000 NET COSTS$12,538$4,538 PA-TIP Eligibility$4,346$3,403 Expenses to the Student*$8,192$1,135 *Student Assumptions: A family of four with an income of $ 45,000 and one attending college. Calculating FT PA-TIP Awards 9

10 Part-time Award Formula PART-TIME ENROLLMENT STEP 1DETERMINE TOTAL COST +TUITION & FEES +$4,000 LIVING EXPENSE ALLOWANCE +BOOKS, SUPPLIES OR EQUIPMENT STEP 2DETERMINE TOTAL RESOURCES -HALF-TIME PELL -EMPLOYER TUITION REIMBURSEMENT -OTHER GIFT AID STEP 3DETERMINE NET COST TOTAL COST/2 – TOTAL RESOURCES STEP 4DETERMINE AWARD AMOUNT NET COST * 75% STEP 5VERIFY MAX & MIN AWARD PARAMETERS 10

11 Calculating PT PA-TIP Awards PART-TIME AWARDS EXAMPLE 1 EXAMPLE 2 TUITION & FEES $10,000 BOOKS, SUPPLIES & EQIP $2,000 LIVING EXSPENSE ALLOWANCE $4,000 TOTAL COSTS$16,000 PART-TIME FEDERAL PELL GRANT $2,822 EMPLOYER FUNDING N/A$3,000 NET COSTS ** $5,178$2,178 PA-TIP Eligibility$2,180$1,633 Expenses to the Student*$2,998$545 *Student Assumptions: A family of four with an income of $ 45,000 and one attending college. **NET COSTS use TOTAL COSTS divided in half minus TOTAL RESOURCES 11

12 PA-TIP Estimator Living Expense Allowance Pell Award (Listing) Document Library 12

13 PA-TIP Reconciliation Rosters The annual Reconciliation Roster gives schools a final opportunity to report ineligible students or changes to a student’s status. An actual graduation date should be provided ONLY if the student has graduated. The roster must be returned within 30 days of receipt. Future disbursements are withheld until it is returned. 13

14 PA-TIP Reconciliation Rosters 14 > PA-TIP RECONCILIATION ROSTER DOC ID TTDR > PAGE XXXX > Student Eligibility FULL YEAR OUTSTANDING CERTIFIED FALL WINTER SPRING SUMMER DUE REFUNDED REFUND STUDENT IDENTIFICATIONAWARD DISB DISB DISB DISB STUDENT TO DATE DUE $5,796 $1,449 $1,449 $1,449 $1,449 $0.00 $0.00 $0.00 STUDENT, PHEAA M ACTUAL GRAD DATE __/____ COLLEGE COMMENTS: ____________________________________________

15 Employment Reporting Graduate PA-TIP recipients information (recon) PHEAA and PA Labor & Industry Recipient : Graduate Graduate : Employed »Breakdown by Sector, Institution and Industry Vital for continued funding! 15

16 PA-TIP Reminders/Tips 16 Pending students must be certified by July 1, 2014 April 1, 2014 – Deadline for PA-TIP student application submission PA-TIP School Application, BPAMS guidelines and the CIP Code Inclusion Request Form can be found on PHEAA.org/PA-TIPPHEAA.org/PA-TIP Program eligibility Term disbursement

17 For Technical assistance or more information, please contact us at: phone: , Option 3, 2 17

18 Questions? 18


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