State Aid: Where It’s At & Where It’s Going Leroy Wade & Kelli Reed Missouri Dept. of Higher Education

Agenda 2019 Recertification Compliance Review Update Journey to College Enhancements State Aid Review Q&A January 18, 2019 MASFAP Conference I Keeping it REAL!

Recertification January 18, 2019 MASFAP Conference I Keeping it REAL

2019 Recertification Purpose Review institutional compliance w/ statute and MDHE policies Add or remove programs from institution’s state aid portfolio Collect data for program administration Update contact information Financial aid director Operational contact (new) Request electronic services Electronic Funds Transfer (EFT) File Transfer Protocol (FTP) January 18, 2019 MASFAP Conference I Keeping it REAL

2019 Recertification Electronic materials Timeline: Email to financial aid directors and presidents w/link to web page Fillable PDF application Statutes and regulations Participation agreements Timeline: Fall 2018/Winter 2019 – Application Winter/Spring 2019 – Review Application/Request Information June 2019 – CBHE Approval September 2019 – Effective January 18, 2019 MASFAP Conference I Keeping it REAL

Compliance Reviews January 18, 2019 MASFAP Conference I Keeping it REAL

Compliance Review Update Status: First review ending Second review in progress Third review pending Procedure: Review guide on MDHE website: https://dhe.mo.gov/ppc/documents/StudentFinancialAidProgramReviewGuideforSchools.pdf OR dhe.mo.gov>>Planning & Paying for College>>Financial Aid Officers>>Student Financial Aid Program Review Guide for Schools Advice: Review policies & procedures against statutes and regulations Maintain clear records, particularly ledgers January 18, 2019 MASFAP Conference I Keeping it REAL

Journey to College January 18, 2019 MASFAP Conference I Keeping it REAL

https://journeytocollege.mo.gov/ Student focused website highlighting: Postsecondary preparation Planning for postsecondary education Paying for postsecondary education Persisting to graduation MDHE supported activities/initiatives Enhancements under development https://journeytocollege.mo.gov/ January 18, 2019 MASFAP Conference I Keeping it REAL

Updated College and Degree Search Select search criteria for up to 4 school comparison: Type Location Cost Area of interest/career Degree Type Other https://web.dhe.mo.gov/dhe/collegedegreesearch/collegesearch.faces OR Journeytocollege.mo.gov>>Plan>>Search Missouri colleges and degrees January 18, 2019 MASFAP Conference I Keeping it REAL

https://web.dhe.mo.gov/dhe/coursetransfertracker/homepage.faces Course Transfer Tracker https://web.dhe.mo.gov/dhe/coursetransfertracker/homepage.faces Search all CORE 42 courses Transfer as equivalent credit at all MO public colleges & universities Enter general education courses taken to see how they’ll transfer January 18, 2019 MASFAP Conference I Keeping it REAL

Updated Financial Aid Portal Student-centered and streamlined Incorporation of smaller programs On-line eligibility estimator/application Electronic letters Dynamic Reach more students Available for 2020 seniors January 18, 2019 MASFAP Conference I Keeping it REAL

New student workspace Save and organize college-related information from a variety of sources: College cost and course transfer comparisons Financial aid State aid eligibility/award comparisons Institutional award letters Tools: Calendar of scheduled college visits and deadlines Notes about college visits State financial aid estimator Available for 2020 seniors January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Blueprint for Higher Education Affordability Strategy Task force to recommend changes for a more balanced, responsive & efficient state aid system by evaluating: Effectiveness of current programs Balance between need & merit Alignment of state aid programs w/state goals State Aid Review Info: https://dhe.mo.gov/ppc/grants/stateaidreview.php January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Coordinating Board approved 3 phase approach in March 2018: Taskforce to set policy goals State student financial aid committee to design programs Implementation January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 1 Policy task force April – June 2018 Report approved by CBHE June 2018 Highlights of 12 recommendations: Student centered programs Need v. merit Promote postsecondary readiness to improve persistence and completion Flexibility to serve adult/part-time students Institutional & workforce partnerships to create an educated citizenry & highly skilled workforce Marketing Sufficient funding January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 2 Program review State Student Financial Aid Committee June – Nov. 2018 Committee Meetings Draft recommendation comments until November 16 Final recommendation to CBHE in Dec. 2018 January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 2 Highlights of draft recommendations Organization of state aid programs under single banner A+ enhancements Early Awareness Limited cost above tuition & fees covered for students w/need; capped award for students w/o need Eliminate school designation requirement A+ Recipient Transfer Scholarship Pro-rated awards for part-time attendance Must be at least half-time Need & merit programs January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 2 Highlights of draft recommendations (cont’d) Bright Flight enhancements Add GPA component in conjunction w/ACT/SAT score Cut score rather than percent Reduce minimum qualifying score Scale awards across range of GPAs & ACT/SAT scores (higher performance = larger award) Completion bonus (need & merit programs) New workforce grant Career fields periodically determined by CBHE 25+ (if younger must not have been enrolled in past 2 years) Need cap & integrated w/existing need-based program Tuition & fees after all other federal & state non-loan aid applied (guaranteed min. award) January 18, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 2 Highlights of draft recommendations (cont’d) Limited professional judgment Eligibility for short-term programs (ineligible for federal aid) High demand and/or Lead directly to industry-recognized credential Approved manually by MDHE staff Review deadlines for need & merit programs as feasible within: Current program structure Appropriation levels January 18, 2019 MASFAP Conference I Keeping it REAL

Questions? January 18, 2019 MASFAP Conference I Keeping it REAL

Contact Us P.O. Box 1469 Jefferson City, MO 65102-1469 State Aid Questions General Questions Connie Bestgen Financial Aid Specialist (800) 473-6757, option 4 (573) 751-1772 connie.bestgen@dhe.mo.gov P.O. Box 1469 Jefferson City, MO 65102-1469 Phone: (573) 751-2361 Fax: (573) 751-6635 Info. Center (800) 473-6757 info@dhe.mo.gov www.dhe.mo.gov Amy Haller (573) 526-7958 amy.haller@dhe.mo.gov Kelli Reed Senior Associate (573) 751-2444 kelli.reed@dhe.mo.gov January 18, 2019 MASFAP Conference I Keeping it REAL