1. Kelli Reed Missouri Dept. of Higher Education
State Update
Kelli Reed
Missouri Dept. of Higher Education

2. Agenda Budget Outlook Legislative Update
Journey to College Enhancements
State Aid Review
Recertification
Q&A
January 1, 2019
MASFAP Conference I Keeping it REAL!

3. FY 19 State Operating Budget, by Source
January 1, 2019
MASFAP Conference I Keeping it REAL

4. FY 19 General Revenue, by Source
January 1, 2019
MASFAP Conference I Keeping it REAL

5. January 1, 2019
MASFAP Conference I Keeping it REAL

6. Revenue Outlook FY 2018 FY 2019 FY 2020 5% increase over FY 2017
Ended year with budget surplus
FY 2019
Consensus revenue estimate – 2.5% increase
YTD – 3.9% decline
FY 2020
Continued modest growth (3% to 5%)
Continued downward pressure
Reduced personal income tax rates
Highway/Gasoline tax increase
January 1, 2019
MASFAP Conference I Keeping it REAL

7. FY 2020 Requests A+ - $1.5 million Access - $9 M
Private school expansion
Access - $9 M
Phase-in to full funding
82% of statutory maximum
Bright Flight - $500,000
Program growth
Ross - $284,000+
Serve additional students
January 1, 2019
MASFAP Conference I Keeping it REAL

8. Legislative Update 2018 Session TAFP SB 807 & 577 (omnibus)
New Access Missouri institution category added
Approved Virtual Institutions
Western Governor’s University (WGU)
Also passed in HB 1744
Public Safety Officer program expanded
EMTs
Specified air ambulance personnel
Uniformed employees of the Office of the State Fire Marshal
A+ 3-year attendance requirement modified
January 1, 2019
MASFAP Conference I Keeping it REAL

9. Legislative Update 2019 Session Proposals
Public Safety Officer correction
Line of duty definition
Creation of capital emergency fund
Institutional catastrophic events
Financial aid review recommendations
Any action of a public safety officer whose primary function is crime control or reduction, enforcement of the criminal law, or suppression of fires, is authorized or obligated by law, rule, regulation or condition of employment or service to perform.
January 1, 2019
MASFAP Conference I Keeping it REAL

10. Talent for Tomorrow
Cooperative effort w/Dept. of Economic Development and Hawthorne Foundation
Statewide listening tour
Outcomes
Assessment of how the state’s current workforce aligns with employer needs,
Build a workforce system that can adapt as the economy evolves, and
Identify a pilot project
Increase educational attainment of population by one level
Address workforce gaps and unfilled need for workers
January 1, 2019
MASFAP Conference I Keeping it REAL

11. 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
January 1, 2019
MASFAP Conference I Keeping it REAL

12. Course Transfer Tracker
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 1, 2019
MASFAP Conference I Keeping it REAL

13. Updated College and Degree Search
Select search criteria for up to 4 school comparison: OR
Journeytocollege.mo.gov>>Plan>>Search Missouri colleges and degrees
Updated Financial Aid Portal
Student-centered and streamlined
Incorporation of smaller programs
On-line eligibility estimator/application
Electronic letters
Available for 2020 seniors
January 1, 2019
MASFAP Conference I Keeping it REAL

14. New student workspace
Save and organize college-related information from a variety of sources:
College cost and course transfer comparisons
Financial aid
Tools (worksheets, calendars, notes, etc.)
Available for 2020 seniors
January 1, 2019
MASFAP Conference I Keeping it REAL

15. State Aid Review Blueprint for Higher Education Affordability Strategy
3 Phases:
Taskforce to set policy goals
State student financial aid committee to design programs
Implementation
State Aid Review Info:
January 1, 2019
MASFAP Conference I Keeping it REAL

16. 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
Flexibility to serve adult/part-time students
Institutional & workforce partnerships to create an educated citizenry & highly skilled workforce
Marketing
Sufficient funding
January 1, 2019
MASFAP Conference I Keeping it REAL

17. State Aid Review Phase 2 Program review
State Student Financial Aid Committee
June – Nov. 2018
Comment period on draft recommendations ends November 16
Final recommendation to CBHE in Dec. 2018
January 1, 2019
MASFAP Conference I Keeping it REAL

18. 2019 Recertification Electronic materials: Timeline:
to financial aid directors w/link to web page
Fillable PDF application
Statutes and regulations
Participation agreements
Timeline:
Fall 2018/Winter 2019 – Application
June 2019 – CBHE Approval
September 2019 – Effective
January 1, 2019
MASFAP Conference I Keeping it REAL

19. Questions?
January 1, 2019
MASFAP Conference I Keeping it REAL

20. Contact Us P.O. Box 1469 Jefferson City, MO 65102-1469
State Aid Questions General Questions
Connie Bestgen
Financial Aid Specialist
(800) , option 4
(573)
P.O. Box 1469
Jefferson City, MO
Phone: (573)
Fax: (573)
Info. Center (800)
Amy Haller
(573)
Kelli Reed
Senior Associate
(573)
January 1, 2019
MASFAP Conference I Keeping it REAL