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SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013.

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Presentation on theme: "SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013."— Presentation transcript:

1 SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013

2 Today’s Agenda Legislation – 1348 – 1312 – 1001 Next Steps 2013-2014 Awards Information National Guard / CVO Questions

3 HB 1348 Frank O’Bannon / 21 st Century Scholars Reform Completion Requirements – 30/60/90 – 24/48/72 GPA Requirements – “Satisfactory Academic Progress” Annual Awards Grid Awards schedule Incentives EFC for all students (independent and dependent)

4 Current Model Base Award = Prior-Year Tuition up to a Max * 80% - Federally-Determined Expected Contribution Student Performance Incentive for Academic Honors / Associate Degree = Prior-Year Tuition up to a Max * 20%

5 New Model Base Award Simple grid based on EFC and school type Student Performance Incentive Flat-dollar increases for getting good grades, accelerating completion, and earning credentials along the way

6 Example Base Awards Expected Family Contribution Institution $0$1 to $500 $501 to $1,000 $1,001 to $1,500 Public On-Time$3,100$2,600$2,100$1,600 Full-Time$2,500$2,100$1,700$1,300 Ivy Tech or Proprietary On-Time$2,600$2,100$1,600$1,100 Full-Time$2,100$1,700$1,300$900

7 Student Performance Incentive: Paying for what we value Preparedness Earn a H.S. honors diploma (freshman only) Good grades Keep GPA of 3.0 or higher last year Credentials Hold an associate degree Acceleration Complete 39+ credit hours last year

8 Implementation Schedule: 2013-2014 Maximum base awards through formula, as with current system; PC and EFC used Academic Honors/Technical Honors – 20% of max award (same as 2012-2013) – Incoming Freshmen will receive AH/TH award for one year only.) GPA – Satisfactory Academic Progress (Freshmen and Sophomores) Completion requirements (Freshmen)

9 Implementation Schedule: 2014-2015 Maximum base awards through grid (all students)* – EFC for all students GPA – SAP (Freshmen, Sophomores, Juniors) Completion requirements (Freshmen, Sophomores) Grandfathered Academic Honors / Technical Honors bonus (Juniors, Seniors) New Incentives (Freshmen, Sophomores) Degree maps (Freshmen) * Students who enter college under the formula will be grandfathered in under the “on-time award”

10 Implementation Schedule: 2015-2016 Maximum base awards through grid (all students)* – EFC for all students GPA – SAP (all students) Completion requirements (Freshmen, Sophomores, Juniors) Grandfathered Academic Honors / Technical Honors bonus (Seniors) New Incentives (Freshmen, Sophomores, Juniors) Degree maps (Freshmen, Sophomores) * Students who enter college under the formula will be grandfathered in under the “on-time award”

11 Implementation Schedule: 2016-2017 Frank O’Bannon / 21 st Century reform fully implemented Maximum base awards through grid (all students)* – EFC for all students GPA – SAP (all students) Completion requirements (all students) New Incentives (all students) Degree maps (Freshmen, Sophomores, Juniors)

12 Implementation Schedule: 2017-2018 HB 1348 fully implemented Maximum base awards through grid (all students)* – EFC for all students GPA – SAP (all students) Completion requirements (all students) New Incentives (all students) Degree maps (all students)

13 HB 1348 - Part-Time Grant Require recipients to complete 18 credit hours per year Extend full-time performance requirements (e.g., GPA) to part-time students Prohibit the use by students receiving outside tuition reimbursement Set application deadline to August and administer grant centrally, rather than current block-style starting in 2014

14 HB 1312 - EARN Indiana Program Enhance eligibility – allow for-profit companies to participate – allow all employers to participate year-round – extend student eligibility to all students with financial need Promote the program through employer networks Ensure that EARN positions are experiential and résumé-building Better match students to relevant positions

15 HB 1001 – Budget Bill Anything possible until April 29 Teacher Stipends (in House Budget only) – Up to $5,000 for education majors during the student- teaching semester if the student is: A minority OR Focused on special education or other high-need fields identified by the Commission Meet certain GPA requirements – Stipend not limited to tuition & fees, paid directly to student by school corporation – $450k per year for each program

16 HB 1001 – Budget Bill Maintains commitment to Financial Aid – Increases financial aid by $72.1 million over biennium – Higher Education Award $125M (2014) and $106M (2015) – Freedom of Choice $47M (2014) and $40M (2015) – 21 st Century Scholars $109M (2014) and $120M (2015)

17 HB 1001 – Budget Bill EARN (work study) and Part-Time awards flat Senate version – No funding for Minority Teacher Scholarship – No funding for Nursing program – No language or funding for Stipends – Creates loan forgiveness for physicians in rural areas (administered by the Department of Health)

18 Next Steps 1348 Implementation meeting – May 8, 2013 – Student-based model – Redesign of xGRADS Stipends outreach – if passed – Contacts with Schools of Education – K-12 School Business Officials

19 2013-2014 Awards May 9 – next “edit notification” e-mail Tuition survey – Will be sending out week of April 29 – Needs to be returned by May 31 Commission meeting set for June 13, 2013 SFA Award calculations begin June 14, 2013 Student notification begins July 1, 2013

20 National Guard / CVO Funding increases for both in HB 1001 – NG - $3.6M (2014) and $3.7M (2015) – CVO - $27.2M (2014) and $28.7M (2015) Awaiting federal guidance on CVO

21 Questions? Mary Jane Michalak Associate Commissioner 317.234.5664 mjmichalak@che.in.gov


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