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TASFAA, Fall 2012 Jane Caldwell Texas Higher Education Coordinating Board.

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Presentation on theme: "TASFAA, Fall 2012 Jane Caldwell Texas Higher Education Coordinating Board."— Presentation transcript:

1 TASFAA, Fall 2012 Jane Caldwell Texas Higher Education Coordinating Board

2  Session begins on second Tuesday in January  Regular Session lasts 140 days  Every program begins the session with a $0 appropriation for the next biennium. Allocations are negotiated during the Session.  When spring allocations are announced for fall 2013, they will be ESTIMATES.  Packaging based on those estimates will be done at the school’s risk. THECB 10/20122

3 Law: TX Education Code, Ch. 61, Subchapter F Rules: TX Admin Code, Title 19, Ch 22, Subchapter B THECB 10/2012

4  Texas resident or National Merit Finalist  Enrolled least ¾-time*  Paying more tuition than he/she would pay at a public institution  Not be receiving an athletic scholarship  Show financial need  Register for Selective Service, or be exempt  Enroll in first associate’s degree, first baccalaureate, first master’s or first doctoral degree. *fewer hours acceptable under hardship THECB 10/20124

5  Meet basic requirements for First Award  In first year in program, meet the SAP requirements of the institutions*  In second or later year in program, meet program requirements* ◦ 75% completion rate ◦ Minimum overall GPA of 2.5 on a 4.0 scale ◦ Complete a minimum of 24 hours (undergraduates) or 18 hours (graduate student *PJ can be basis for allowing award to person who fails to meet these requirements due to hardship or other good cause THECB 10/20125

6  Each school must adopt a hardship policy, available for student view upon request Hardship conditions include, but are not limited to:  Severe illness or debilitating condition  Responsibility for caring for a sick, injured or needy person;  Less than ¾-time enrollment required to complete the degree THECB 10/20126

7  An undergraduate’s eligibility for TEG ends as of the 5 th anniversary of the start of the term in in which the student received his/her first TEG if the student is enrolled in a 4-year degree plan; on the 6 th anniversary if the student is enrolled in a degree plan of more than 4 years.*  A graduate may continue to receive TEG as long as he/she is meeting program requirements. *Hardship can be the basis of an extension. THECB 10/20127

8  Maximum award is the least of the following: ◦ Student’s need ◦ Tuition differential ◦ Program maximum announced by CB ($3,518 in FY13), unless student has exceptional need (EFC <=$1,000), in which case maximum is $5,277.  Tuition differential = your tuition less the tuition of a comparable public institution. (CB provides calculations for comparable schools.) THECB 10/20128

9  Awards must be reduced if the student is taking less than a ¾ load due to hardship.  If enrolled ½-time: max = 50% max award for semester*  If enrolled less than ½-time; max = 25% of max award for the semester* *Prorated award cannot exceed the student’s need or tuition differential for the hours taken. THECB 10/20129

10  Fall of each term: TEG Need Survey, used to estimate the amount of TEG the institution could award if the program were fully funded.  Fall 12 survey/instructions sent out September 24.  Results due to the CB by November 7.  New, this year! Spreadsheet used to submit student data is pre-formatted to run edits and identify errors so you can correct them before submitting your report! THECB 10/201210

11  Each spring: TEG End-of-Year Report, used to confirm that each student receiving an award met program eligibility requirements; that aggregate amounts issued are reconciled between CB and institution.  Instructions sent out @ April 20.  Reports due, certified, by June 15.  List of SSNs that do not match CBM001 reports is provided as ‘warnings.’ Must be explained in the fall when the FADS report is submitted. THECB 10/201211

12  Following fall: Financial Aid Database Report, used to report all students receiving or applying for aid during the previous year.  Net amounts issued are again reconciled between CB and institution.  SSNs that do not match CBM001 records must be explained.  FY12 reports are being accepted now.  Data must be certified by December 3. THECB 10/201212

13 Law: TX Education Code, Ch. 56, Subchapter E Rules: TX Admin Code, Title 19, Ch 21, Subchapter M THECB 10/201213

14  Eligibility requirements: ◦ Be classified as a Texas resident ◦ Be enrolled at least half-time ◦ Register for Selective Service or be exempt ◦ Show financial need ◦ Be lawfully eligible to work in the United States ◦ Not be receiving an athletic scholarship ◦ Not be enrolled in a seminary or other programs leading to a license to preach for a religious sect; THECB 10/201214

15  Matching requirements: ◦ Non-profit employer must provide 25% of the student’s earnings plus other employment benefits* ◦ For-profit employer must provide 50% of the student’s earnings plus other employment benefits *If the institution is the employer and has a federal Title III or Title V waiver from the matching requirement, the school is exempt from the matching requirement for state work-study if it provides the CB a copy of the federal waiver. THECB 10/201215

16 THECB 10/2012

17  To request TEG funds, complete the Funds Request Form and submit it to the Grants/Special Programs Office at the CB.  The CB then submits a voucher to the State Comptroller’s Office, asking for funds to be transferred to the school via EFT, and sends institution email of date/amount of EFT deposit.  Funds received by the school are disbursed to the student or applied to the student’s account within 5 working days. THECB 10/201217

18  Institutions are issued their annual allocation of WS funds at the beginning of the state fiscal year.  The goal is to have the funds available at your campus for paying student salaries as they are earned. THECB 10/201218

19  If you end up unable to use all your TEG or TCWS funds, you may contact our office and arrange to transfer 10% of your funds (not to exceed $10,000) to the other program.  Example: ABC university needs more work-study funds. It was allocated $1,000,000 in TEG. Since 10% of $1,000,000 is $100,000, the school can release up to $10,000 in TEG and receive that same amount in additional TCWS. THECB 10/201219

20 THECB 10/2012

21 Subscribe to the Grants and Special Programs email distribution list! It’s the best way to receive memos, announcements, and reminders of approaching deadlines. To subscribe, go to: Contact us at: Grants and Special Programs 512-427-6340 (Austin metro) 800-242-3062 (outside Austin metro) THECB 10/201221

22 You no longer need a password to access the website. You can access it simply by going to the following link: cialPrograms cialPrograms Visit this site to access recent memos, training materials, rules, Q&A’s, and program regulations THECB 10/201222

23 …for your help in administering these programs. Your students are fortunate to have you working on their behalf. THECB 10/201223

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