STATE UPDATE BUREAU OF STATE AND AUTHORITY FINANCE (BSAF) MSFAA CONFERENCE 2012

BUDGET STUDENT SCHOLARSHIPS AND GRANTS DIVISION

SSG PROGRAMS BUDGET ProgramFunding Competitive Scholarships$18,361,700 Tuition Grant$31,664,700 Tuition Incentive Program$43,800,000 Children of Veterans and Survivors Tuition Grants$ 1,200,000 GEAR UP Michigan and CD$ 3,200,000 TOTAL$98,226,400

ProgramFY11FY12FY13 Michigan Competitive Scholarship $19,709,869$18,361,700 Michigan Tuition Grant 31,664,700 $31,664,700 Tuition Incentive Program 37,400,00043,800,000$43,800,000 Children of Veterans Tuition Grant and Survivors Tuition Grant 1,200,000 Robert C. Byrd Scholarship 1,372, ,753Eliminated GEAR UP 1,500,000 3,200,000 TOTAL$92,847,069$96,734,153$98,226,400

Michigan ranked #8 in the order of funding student aid programs in Midwest Association of Student Financial Aid Administrators – MASFAA (Source NASSGAP )

LEGISLATIVE DIRECTIVES The appropriations are anticipated to be the same as those for fiscal year NEW ! Community colleges and public universities must meet certain criteria of cooperation with the state to develop, operate, and maintain the statewide P-20 education longitudinal data system.

LEGISLATIVE DIRECTIVES Public universities shall provide a dashboard or report card demonstrating the universities performance in several “best practice” measures. This includes: 1.Enrollment 2.Student Retention Rate 3.Six-year Graduation Rates 4.Number of Pell Grant Recipients 5.Geographic Origination of Students, Categorized as In-state, Out-of-state, and International

LEGISLATIVE DIRECTIVES And... 6.Faculty to student ratios and total university employee to student ratios. 7.Teaching load by faculty classification. 8.Graduation outcome rates, including employment and continuing education. SSG is tasked with identifying how some of these items relate to state aid programs. We will work collaboratively with you. SSG has a student intern that will be sending you a survey.

LEGISLATIVE DIRECTIVES NEW for MTG: SSG must project the year-end appropriation balance at the time of initial awards. Expect an increased number of program reviews. Change for MTG: SSG’s reporting dates for fund status evaluation have been pushed back from February 1 to February 28 and notification to students of pending reduction to March 4 of each year. Change for MTG, MCS and TIP: Payments will be made quarterly at 50%, 30%, 10%, and 10%.

LEGISLATIVE DIRECTIVES NEW for TIP: Be less than 20 at the time he or she graduates from high school with a diploma or certificate of completion or completes his or her GED. New for TIP: As used in this subdivision, “incarcerated” does not include detention of a juvenile in a state operated or privately operated juvenile detention facility.

SSG POLICIES CHANGES AND CLARIFICATIONS

NEW SSG POLICIES For MCS, MTG, and TIP: Students are eligible if they have a high school diploma, GED, or certificate of completion. Legislation for Michigan programs does not require a high school diploma.

CEPI GRAD/DROP OUT Rate <5% 13.22% 11.13% 74.33%

GRADUATION/DROP-OUT RATE

SSG PROGRAM PAYMENT SCHEDULE The schedule for is now on our Web site. Changes include: For MCS and MTG, the deadlines for reporting your third quarter enrollments will be moved up. Verifications typically due in mid-May will be due May 1 st. MCS and MTG programs must be balanced with SSG by July 31 st as opposed to September.

NEW DUAL ENROLLMENT PROGRAM Appropriation is $10 million dollars. The Department of Treasury will make payment to higher education institutions for qualified dual enrollments. Public Acts 131,132,133, and 134 amend prior legislation regarding eligibility and number of courses. Various agencies are investigating how many students may enroll.

SSG OUTREACH SERVICES FOR HIGH SCHOOLS Recently certain services went to MDE in conjunction with the Michigan College Access Network grant (MCAN). SSG is working to save these important services: Michigan Postsecondary Admissions and Financial Aid Handbook. High School Counselors Workshop (HSCW). Paying For College Booklet

SSG – NEW FINANCIAL AID SYSTEM Features to make things easier for you: Ability to see all program awards per individual student. Condensed files. Auto save response with no naming convention. Auto response that confirms file status. Canned reports. Citizenship locked once confirmed. Ability to view multiple academic years at one time. Ability to look up TIP students to see how many credits are left. Ability to enter bills online. Specific portals for different user groups.

BSAF – NEW WEB SITE PAYING FOR COLLEGE

STUDENT LOANS DIVISION MICHIGAN GUARANTY AGENCY- MGA MICHIGAN FINANCE AUTHORITY STUDENT LOAN PROGRAMS – MFA-SLP

MGA As a Sponsoring Guarantor, the Michigan Guaranty Agency makes it possible for all Michigan schools to utilize as a member the counseling and other services offered by Mapping Your Future. A handout containing details has been placed on each table.

MFA-SLP The Michigan Higher Education Student Loan Authority (MHESLA) is now known as MFA-Student Loan Programs (MFA-SLP). MFA-SLP’s lender code remains The toll-free telephone number remains The NEW is: Both the Web URLs remain the same: and

Questions?