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State Financial Aid Webcast

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Presentation on theme: "State Financial Aid Webcast"— Presentation transcript:

1 State Financial Aid Webcast
Leah Smalley Student Financial Aid Programs May 14, 2019 May 14, 2019 Webcast

2 Today’s Agenda Legislative Update 2019-20 Program Guideline Changes
Authority to Transfer Year-Round Grant Update Award History for Grant Programs User Access Process Upcoming Events & Deadlines May 14, 2019 Webcast

3 Legislative Update May 14, 2019 Webcast

4 Legislative Update: SFAP Bill Tracking
86th Legislative Session will conclude at the and of May. All bills are active until the session ends. Nothing becomes a law until the Governor signs the General Appropriations Act. June 16, 2019 is the last day the governor can sign or veto bills passed during the regular session. My TLO: May 14, 2019 Webcast

5 Program Guidelines Update
May 14, 2019 Webcast

6 Program Guidelines Update
TCWS & EAE TEXAS Grant & TEOG TEG, Loans, WSMP May 14, 2019 Webcast

7 Selective Service Clarification
May 14, 2019 Webcast

8 Authority to Transfer AUTHORITY TO TRANSFER FUNDS (19 TAC, SECTION ) Institutions participating in a combination of TCWS, TEXAS Grant, TEOG, and TEG may transfer up to 10% of the institution’s total annual program allocation or $20,000 (whichever is less) between programs within the relevant fiscal year. Institutions requesting a transfer between programs must submit an online inquiry by the deadline listed below through CONTACT US (select the “Financial Aid Question” option in the drop-down selection under Contact Reason). The Financial Aid Services staff will respond to the institution to provide next steps for the process. May 14, 2019 Webcast

9 Authority to Transfer: GRANT  TCWS
Submit a request through CONTACT US by Jan. 20, 2020. FAS will determine if funds are eligible. An Authority to Transfer Form will be sent to the institution to sign. Once approved, funds will be sent to the school. NOTE: Transferred funds must be expended during the spring semester. May 14, 2019 Webcast

10 Authority to Transfer: TCWS  GRANT
Submit a request through CONTACT US confirming remaining funds. FAS will determine the eligible total for transfer. The institution must return the TCWS to the THECB. An Authority to Transfer Form will be sent to the institution to sign. Once approved, funds will be transferred and made available for the institution to request. NOTE: Transferred funds must be requested by August 1. May 14, 2019 Webcast

11 Year-Round Grants Beginning in the award year, the reallocation process was eliminated for the three state grant programs. Institutions have until the close of business on August 1 to request grant funding. Extending the award year allows institutions that have remaining funds from the approved allocation to award students attending the summer terms. Header institutions = Summer 2018 Trailer institutions = Summer 2019 May 14, 2019 Webcast

12 Summer Awards Texas Grant Example: TEOG Example: TEG Example:
Summer I: 6 SCH Summer II: 3 SCH Since summer terms vary in length, summer terms can be combined to meet the minimum enrollment requirement. NOTE: If a student fails to enroll or drops hours, the institution should adhere to the timely disbursement rules. Summer I: 2 SCH Summer II: 4 SCH Summer I: 3 SCH Summer II: 6 SCH May 14, 2019 Webcast

13 Award Amounts The total funds awarded for TEXAS Grant or TEOG cannot exceed the semester award maximum multiplied by 3. Below are the TEXAS Grant and TEOG award amounts allowed for by institution type: If an institution chooses to issue summer awards, the extended award period WILL IMPACT awarding philosophies. Students may be issued a total of 3 awards (Fall, Spring, and Summer) in an academic year. In accordance with the TEC and TAC, the THECB determines the semester award maximum for TEXAS Grant and TEOG, and the annual award maximum for TEG. Texas Grant Target Award Example: TEOG Community College Example: Fall: $2,500 Spring: $2,500 Summer: $2,500 = $ 7,500 Fall: $1,575 Spring: $1,575 Summer: $1,575 = $ 4,725 May 14, 2019 Webcast

14 The total combined TEG award cannot exceed the annual award maximum.
Award Amounts The total combined TEG award cannot exceed the annual award maximum. Below are the TEG award amounts maximums: If an institution chooses to issue summer awards, the extended award period WILL IMPACT awarding philosophies. Students may be issued a total of 3 awards (Fall, Spring, and Summer) in an academic year. In accordance with the TEC and TAC, the THECB determines the semester award maximum for TEXAS Grant and TEOG, and the annual award maximum for TEG. TEG Example: Fall: $1,500 Spring: $1,500 Summer: $420 = $ 3,420 May 14, 2019 Webcast

15 Calculating SAP

16 AWARD HISTORY May 14, 2019 Webcast

17 Award History – Individual Look-Up
Option B Submit a file using MOVEit Option A Log into CBPass May 14, 2019 Webcast

18 The Results will display all relevant and available program eligibility information.
May 14, 2019 Webcast

19 User Access Process May 14, 2019 Webcast

20 User Access Process May 14, 2019 Webcast

21 May 14, 2019 Webcast

22 Upcoming Events & Important Dates
May 14, 2019 Webcast

23 Updates Training Important Dates Good Neighbor Selected Recipients
New Aid Officer Workshop (NAOW) – May 22, 2019 FAS Webcast – June 11, 2019 Good Neighbor Selected Recipients Allocations Coming Soon Net Price Calculator (NPC) Update Important Dates FAAC Quarterly Meeting – June 6, 2019 FAD Cycle Two Opens – June 10, 2019 86th Legislative Session Ends – May 27, 2019 May 14, 2019 Webcast

24 Financial Aid Services Institutional Toll-Free Number
For questions call: (844) Institutional toll-free number is available M-F 8:00 a.m. – 5:00 p.m. May 14, 2019 Webcast

25 Contact Information and Feedback Webcast Survey: Financial Aid Services Phone Line (Schools): Texas Financial Aid Information Center Line (Students): May 14, 2019 Webcast


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