1. “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015 State Higher Education Finance and Budgetary Overview Jim Bennett Vice Chancellor for Finance and Data Management Ohio Department of Higher Education

2. OASFAA Conference Sponsor – Fall 2015 Thank you to Great Lakes Educational Loan Services, Inc. for their sponsorship of the OASFAA 2015 Fall Conference! “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

3. HB 64 of the 131 st General Assembly “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

4. HB 64 of the 131 st General Assembly  Primary Themes for Higher Education Policy  College Affordability  Higher Education Collaboration and Efficiency  Workforce Development  Greater Focus on Career Counseling “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

5. HB 64 of the 131 st General Assembly Continued Increase in Overall Higher Education Appropriations “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

6. National Higher Education Funding Trends “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

7. HB 64 of the 131 st General Assembly  Biennial Tuition Freeze  No public institution of higher education can increase tuition and general fees in either year of the current budget  FY12-13 = 3.5%  FY14-15 = 2.0%  FY16-17 = 0.0%  Prohibition on state institutions charging an overload fee at or under 18 credit hours “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

8. HB 64 of the 131 st General Assembly “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

9. National Higher Education Tuition Trends

10. HB 64 of the 131 st General Assembly  New Programs and Initiatives  Higher Education Innovation Grants  $5 million per year “to promote educational excellence and economic efficiency throughout the state in order to stabilize or reduce student tuition rates at institutions of higher education”  Reward innovative practices that lead to cost savings for students  Academic achievement and reduction in expenditures  Sustainable beyond grant period  Changing Campus Culture  $2 million in FY16 to implement support strategies, including data analysis of campus climate survey data, jointly purchase training for campuses, a consultant to help campuses with comprehensive response protocols, and training on survivor-centered strategies “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

11. HB 64 of the 131 st General Assembly  New Programs and Initiatives  College Credit Plus  Continuing to move forward  Agreements being worked out between colleges and school districts  All colleges and school districts must participate  Competency Based Pilot Project  Work with institutions to develop competency based education programs – due 7/1/16  Measuring student success based on competencies mastered instead of credit hours earned  Agency Name Change  Department of Higher Education “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

12. HB 64 of the 131 st General Assembly  Efficiency Advisory Committee  Generate optimal efficiency plans for campuses  Identify shared services  Streamline administrative operations  Sharing best practices  Report from each public institution shall identify:  Efficiencies  Quantify revenue enhancements  Reallocation of resources  Expense reductions  Cost avoidance in areas of operational functions; academic program delivery; energy usage; information technology; procurement reforms “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

13. HB 64 of the 131 st General Assembly  State Share of Instruction (SSI)  Full phase-in of 100% performance-based funding formula for undergraduate education  4.5% increase in FY16 and 4.0% increase FY17  SSI total is $1,903,285,144 in FY16 and $1,979,416,550 in FY17  University SSI Modifications  Cap outside IUC credits to 12.5% of the cost of the degree  If school awards an Associate Degree and student completes a Bachelor degree, institution only receives difference between Bachelor and Associate Degree  If student earns more than one degree at the same level in the same fiscal year, institution will receive SSI reimbursement for highest cost degree and 25% of cost of second degree  POM/Access Challenge Funding to be phased out “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

14. HB 64 of the 131 st General Assembly  State Share of Instruction (SSI)  Community College Modifications  Added Academically Underprepared as 4 th Access factor  Change Success Points and Completion metrics to early 3-year average  FY12/FY13/FY14 for FY15 and FY16  Eliminates projections and accompanying periods of prolonged uncertainty “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

15. HB 64 of the 131 st General Assembly  Financial Aid Update  Recommendations from the Financial Aid Workgroup as required by HB484 of the 130 th GA:  OCOG in 2:1 ratio for private not-for-profit/public sector students combined into one allocation  Maintain “Pell First” Policy, but permit calculation on annual basis so year-round students can receive OCOG after exhausting Pell  OCOG funding Increased  $97,187,107 and $100,187,107  Up from $90 million in FY15  Public and Private Nonprofits combined into a single allocation of $88,914,884  Proprietary – The remainder of the appropriation ($8.3 million) “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

16. Third-term OCOG  For students attending year-round at a public community college, regional branch campus, or an institution with an adjusted award amount, statute now states that an OCOG award may be distributed for the third-term of the academic year, once Pell grants have been exhausted for that year. This exception is only for students that are Pell eligible. All other OCOG eligibility requirements remain. “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

17. FAFSA Completion Initiative  Making progress on the FAFSA completion initiative  Working with MC*OECN (Management Council of the Ohio Education Computer Network)on sharing data with school districts  We will have a data sharing agreement with them so that they will be able to import our data directly into the K-12 network  Hope to be able to release data by January “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

18. FAFSA deadline for OCOG  Due to next years changes to the FAFSA release date, the Ohio deadline will be changed from October 1 to September 30 to prevent any confusion. “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

19. HB 64 of the 131 st General Assembly  Financial Aid Update  Fully Funded War Orphans Scholarship  $6,835,710 in FY16 and $7,124,141 in FY17  Up from $5.5 million in FY15  Funding request based on increase of eligible students and increased demand for scholarship  National Guard Scholarship  Increased funding to $18,750,552 in FY16 and $18,900,003 in FY17 “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

20. HB 64 of the 131 st General Assembly  Financial Aid Update  NEALP funded at $891,320 per year  Funded from nursing licenses  Must determine awards based on license revenues  Choose Ohio First Scholarship increased by $750,000 to $16,665,114 each fiscal year  Provide funding for new cohort of students  GEAR-Up Scholarship  Focused on embedding a college-going culture in targeted schools and communities to increase the number of low-income students prepared to enter and succeed in postsecondary education.  Provide scholarship opportunities for students in Crooksville, Marion, Norwood, and Parma “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015

21. Question and Answer Please don’t hesitate to contact me at the information below: Jim Bennett Vice Chancellor for Finance and Data Management Ohio Department of Higher Education 25 South Front Street Columbus, Ohio 43215 jbennett@highered.ohio.gov 614.728.2281 “Financial Aid Evolution: Change Agents” OASFAA Fall Conference 2015