1 Budget Discussion FY12 & FY13 Presented to the Commission for Higher Education October 8, 2010 Claudia Braman, Executive Director.

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Budget DiscussionFY12 & FY13

Presented to the

Commission for Higher Education

October 8, 2010

Claudia Braman, Executive Director

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What We Will Cover

• The SSACI Mission: What we do and how

• Overview of SSACI Programs

• A National Perspective on Student Aid Programs

• Challenges facing SSACI

• Suggested Budget

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The SSACI Mission:

What we do and how

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SSACI’s Mission is to ...

• Make college more affordable for Hoosier families with the

need-based Frank O’Bannon Grant, 21st Century Scholarship,

and other grant programs

• Allow choice by granting awards to students at public,

independent and proprietary colleges

• Through research and technology, make the delivery of awards

as simple as possible for students and colleges, and as accurate,

productive and efficient as possible for the state

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Overview of SSACI Programs

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SSACI Programs

• The Frank O’Bannon Grant Program comprised of the Higher Education Award and Freedom of Choice Grant. The need-based Grant is the largest program administered by SSACI. The Frank O’Bannon Grant is available to full-time students.

• The Twenty-first Century Scholars Program. Designed to support and encourage youth from lower-income families to enter college through early intervention strategies and grants. Students are enrolled while in the seventh or eighth grade, and apply for O’Bannon Grant by completing the FAFSA, complete an Affirmation Form for 21st

• The Minority Teacher and Special Education Services Scholarship Program. A renewable scholarship for African American and Hispanic students preparing for a teaching career

• The State Work-Study Program. The program is open to students who are awarded the Frank O’Bannon Grant

• The Nursing Fund Scholarship Program. This program is designed to encourage students to pursue a career in nursing

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SSACI Programs

• The Part-time Grant Program. This need-based award is for part-time undergraduates.

• The Contract for Space Program. This program provides out-of-state tuition assistance to Hoosier students residing in 6 county area of southeastern Indiana

• Indiana National Guard Supplemental Grant Program. Provides tuition assistance at public colleges to eligible members of the Indiana Air and Army National Guard.

• Child of Certain Veteran and Public Safety Officer Supplemental Grant Program. Provides tuition assistance at public colleges for children of disabled veterans, and of public safety officers killed in the line of duty.

• The Robert C. Byrd Honors Scholarship Program. A federal program designed to award outstanding academic achievement.

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A National Perspective:Indiana as compared to surrounding and similar

states

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State Cuts Are Pushing Public Colleges Into Peril (Chronicle of Higher Education)

• "Shortfalls in California, which faced the largest budget gap in the nation this year, have grabbed much of the attention as tens of thousands of students were turned away from public colleges and tuition rose by more than 30 percent. But other states' public higher-education systems are getting hit just as hard or harder," the Chronicle of Higher Education reports. "Utah saw the biggest percentage drop in state general-fund spending over the past two years, while also facing one of the fastest projected growth rates in high-school graduates. Arizona's budget gap was nearly as large as California's, by percentage of its general-fund budget, and it is facing much faster growth in its traditional college-age population. Florida, too, is seeing rapid population growth and big drops in state spending that have resulted in large cuts in higher education. In Colorado federal stimulus dollars have made up close to one-fifth of the total state budget for higher education in 2009 and 2010 combined, making the state the most heavily reliant so far on that temporary pot of money for financing higher education."

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A National Perspective

• Illinois- considering deeper cuts than already executed multi-million dollar reduction in aid

• Missouri- Governor proposed cutting aid to independent college students altogether

• Michigan- Governor proposed cutting aid to independent colleges as well as several specific aid programs

• California• Florida • Arizona• Idaho• Utah• Rhode Island

• All these states known for robust state financial aid programs

• All these states have seen dramatic cuts in funding

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Challenges Facing SSACI

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Challenges Facing SSACI

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Proposed Budget

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Proposed Budget …

SSACI Suggested Budget

ProgramBaseline

FY11$

FY12$

FY13$

Higher Education Award

152,886,733 152,886,733 152,886,733

Freedom of Choice

52,130,838 52,130,838 52,130,838

21st Century Scholars

29,109,298 29,109,298 29,109,298

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Thank you

Claudia Braman, Executive Director

State Student Assistance Commission of Indiana

[email protected]

317-232-2350