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Lyn Wheeler Kinyon Assistant Director, Grants and Special Programs Texas Higher Education Coordinating Board TASFAA Conference.

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Presentation on theme: "Lyn Wheeler Kinyon Assistant Director, Grants and Special Programs Texas Higher Education Coordinating Board TASFAA Conference."— Presentation transcript:

1 Lyn Wheeler Kinyon Assistant Director, Grants and Special Programs Texas Higher Education Coordinating Board TASFAA Conference October 9, 2014

2  Program Update Overviews Tuition Equalization Grant (TEG) Texas College Work-Study (TCWS) College Access Loan (CAL) B-On-Time Loan (BOT)  Coordinating Board Identification (CBID)  Negotiated Rule-Making (NRM) and Allocations  Financial Aid Database (FADB) and End-Of Year (EOY) Reports 2

3 Effective beginning 2015/16:  The maximum award amount will increase since appropriations for public university students have increased in the current biennium – announcement made by January 31 Awards cannot exceed the lesser of the student’s need, tuition differential, or published maximum  An additional $18 Million ($9 Million per year) has been requested for the upcoming biennium 3

4  The Fall 2014 TEG Need Survey: used to determine FY2016 allocations disseminated September 19 due by the close of business November 7  The FY2014 TEG Audit Guide: was disseminated June 20, 2014 future guides will be disseminated in April due by the close of business April 15, 2015  Contact Rafael Villarreal or ) if you need 4

5 Minor TEG Rule Updates:  Proposed and posted to the Texas Register for adoption in January  Basically just ‘clean-up’: Substitution of “first” for initial and “subsequent” for renewal Clarification of “branch campus” $300 tolerance for additional resources after disbursement, not award determination 5

6 Deferred Action for Childhood Arrivals (DACA)  Department of Homeland Security (DHS) exercises its prosecutorial discretion to forego immigration enforcement against certain individuals for a specified period of time  DACA does not confer lawful immigration status, nor does it provide a pathway to citizenship  DACA recipients are eligible for work authorization, to apply for SSN’s, and possibly to obtain a driver’s license  May be renewed or terminated  May be able to work under TCWS if otherwise eligible 6

7 Effective beginning :  New origination fee structure based on the highest credit score of the student or cosigner:  Interest rate will continue to be a simple fixed rate of 5.25% 7 Prior to Beginning Credit ScoreVantageScore ≥ 700VantageScore ≥ 591 Origination Fee Borrower OR Cosigner Approved – 5% ___________________________________________________________________________ Borrower AND Cosigner Approved – 3% Borrower OR Cosigner ScoreTierRate ≥ ≤ 590 A B C N/A 0% 3% 5% Denied

8 Effective beginning :  Institutions will have until February 20 th, or the first working day thereafter, to encumber funds  As of this date, institutions will lose claim to any unspent funds not yet reserved for students  Funds released will be available for reallocations to other institutions  Reallocation method will be the same as the initial allocation method 8

9  Any unencumbered FY14 funds have been carried forward and added to the FY15 allocations  Updated allocations are posted to under the institution’s linkwww.HHLoans.com  LPO questions should be directed to: or or

10 New system functionality to access the TEG database and payment processes:  Effective September 15, 2014  Institution Master (IM)  Other Institutional Users  For assistance, contact: Rafael Villarreal or 10

11 SB215 requires negotiated rulemaking to determine the allocation process for those programs with allocations:  Consensus was reached for TEG, TCWS, and BOT  New rules were adopted in January and are now included in the program rules  The new NRM formula was used for the FY2015 allocations  Institutions are given 10 days to review draft allocation numbers before they become final – a chance to confirm the data used for the calculations correctly reflect the numbers submitted to the CB 11

12 FADB  Required field for the 9-month EFC  Edits regarding the matching of SSN’s to the CBM001 were changed from errors to warnings – except for students identified as affidavit students which must be matched before certification EOY  FY15 – TEG 9-month EFC field will be added 12

13 Lyn Wheeler Kinyon (512) or (800) x6393 GSP Generic GSP Information Site https://www1.thecb.state.tx.us/apps/SpecialPrograms/ GSP Distribution List 13


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