State Update MASFAP Fall Conference November 8, 2011.

State Update

MASFAP Fall Conference

November 8, 2011

Agenda

• MDHE Initiatives• Legislative News• Budget Outlook• State Aid Program Update• FAMOUS• Outreach/Early Awareness

MDHE Initiatives

• The “Big Goal” – 60% by 2025• Performance Funding• Data Systems Collaboration• Institution-to-Institution Collaboration• Early College• State Student Financial Aid• State Authorization

Legislative News

2011 Legislation

• Advanced Placement Incentive Grant– $500 One-time Grant– Score 3 or above on at least two AP tests in

mathematics or science while attending a Missouri public high school

– Receive A+ or Access Missouri (including calculated zero awards)

– Funded by MOHELA

2012 Legislative Session

• Budget problems will dominate• Potential Legislative proposals– Tax credit reform– A+ expansion– Early High School Graduation Scholarship– Minority Teaching Scholarship transfer

correction

State Budget Outlook

State Budget – FY 2012

• Revenue/Tax Receipt trends are mixed– Year to date – up 1.2%– October – down 1.5%

• Budget based on 1.66% growth– Governor previously withheld $170 M

• Lottery/gaming below appropriations• $450 million in one-time funds

State Budget – FY 2012

• Complications– Unemployment above 8.5%– Education and SFA dependent on

lottery/gaming– Cost of disaster recovery still unknown– Phase out of corporate franchise tax

• Results– Further withholdings remain possible

State Budget – FY 2013

• Spending restrictions and vetoes become core cuts

• No federal stabilization funds• Revenue projections not currently finalized

• Projected shortfall between $250 - $500 million

• Replacement of FY 12 one time funds is a major issue

State Aid Programs

MDHE Programs

• Access Missouri• Marguerite Ross Barnett• Wartime Veterans’

Survivors Grant• Minority Teaching

Scholarship• Minority and

Underrepresented Environmental Literacy Program

• Bright Flight• A+• Public Safety Officer

Survivor Grant• Vietnam Veteran’s

Survivors Grant• Kids’ Chance Scholarship• Advanced Placement

Incentive Grant• Foster Care Tuition

Waiver

Access Missouri

• Distribution Total - $61M– $30M from MOHELA

• 2011-2012 Final Award Levels– Public two-year - $450– Public four-year and LSTC - $1,000– Independent - $2,070

• Award amounts re-evaluated in December

Access Missouri

• 15% increase in eligible applicants• Reduced awards– Funding increase insufficient compared to

increase in applicants

• Mid-year adjustment– Will only impact Spring award amounts– Dependent on program utilization

Bright Flight

• Bright Flight for 2011-12– Awards for top 3% - $1,750– Awards for top 4th and 5th percentiles- $0– FY 2012-13 scores remain unchanged• Top 3% - 31 ACT• 4th and 5th – 30 ACT

– Continue to anticipate possible score changes in near future• ACT releases data in late August or September

A+

• Awards– Fully funded for tuition and general fees• Includes $7 million from MDHE loan funds

– Capped at standard credit hour rate for LSTC• Federal credit to clock hour conversion for clock

hour schools• $149/credit hour; $4/clock hour

– Distributed based on federal payment periods

A+

• Program changes– Reimbursable hours• Excludes repeat and dropped coursework• Includes remedial/developmental course

– Eligibility limits• 105% of program hours• Associate degree• 48 months from high school graduation

A+

• Delayed implementation– 105% reimbursement limit (Spring semester)– Tuition cap (January 1)– No payment for withdrawn coursework (Spring

semester)

Foster Youth Tuition Waiver

• “Missouri Reach”• Primary administrative agency – DSS– Orphan Foundation of American• www.statevoucher.org/mofaq.shtml

– Limited Role for MDHE• Eligibility• Community Service

• Waiver contingent on reimbursement

Foster Youth Tuition Waiver• Eligibility– Be a Missouri resident who was in foster or

other residential care - • At high school graduation (or GED) • On 18th birthday• On 14th birthday, if eligible for adoption

– Have earned 60 college credits– Apply for federal aid– Perform 100 hours of community service

FAMOUS

• Completed rewrite/redesign of MDHE interface– Move system to current technology platform– Implement needed fixes and enhancements– A+ incorporated– Final revisions/fixes continue to be deployed– User manual updates coming based on these

changes

FAMOUS

• Student Portal Project– College Planning and Paying Information• Links to other MDHE Resources• Information about state aid programs• Institution/program search

– Student Access to Eligibility Information• Correct problems• Confirm eligibility

Outreach and Early Awareness

College Access Challenge Grant

• Federal multi-year grant to states to improve college access and persistence.

• MDHE recently received fourth cycle grant– RFP for sub-grant currently available on MDHE

website– Letter of intent – December 1– Proposal – December 22

College Access Challenge Grant

• Third Cycle Highlights– Awarded sub-grants totaling $1.7 million to 20

organizations– Potential for 80,000 low-income students

directly impacted through sub-grant recipients– Supporting FAFSA Frenzy– Continued focus on a statewide access

conference and network

MDHE Outreach Activities

• Attended 89 College Fairs• 17,500 + students– 14,000 + packets of materials– The Source, Planning for Financial Success,

Online MDHE, etc.– 13,500+ FAFSA Frenzy leaflets

MDHE Outreach Activities

• “Planning and Paying” workshops start this month

• FAFSA Frenzy– 49 Events– January through March– Statewide coverage

Financial Literacy

• Smart About Spending– Student Portfolio– Teaching guide including lesson plans,

worksheets, activities, and assessments– Covers income, money management, spending

& credit, and saving & investing

Other MDHE Resources

• Publications– Never Too Early: College Prep Starts Now– Online MDHE– The Source

• Online Tools– Journey to College– Monthly Student Reminder

Questions

Missouri Department of Higher EducationP.O. Box 1469

Jefferson City, MO 65102Phone: (573) 751-2361

Fax: (573) 751-6635Info. Center: (800) 473-6757

[email protected]