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2010 Applications and Awards Considerations

2010 Applications and Awards Considerations. Laurie Gavrin State Student Assistance Commission of Indiana March 24, 2010 Commission Meeting. Applications. Total applications by March 22 2010 = 297,384 2009 = 259,584 Diff = 37,800 a 14.6% increase in applications

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2010 Applications and Awards Considerations

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  1. 2010 Applications and Awards Considerations Laurie Gavrin State Student Assistance Commission of Indiana March 24, 2010 Commission Meeting

  2. Applications Total applications by March 22 • 2010 = 297,384 • 2009 = 259,584 • Diff = 37,800 a 14.6% increase in applications Clean, on-time applications • 2010 = 212,622 (17,938 PJs) • 2009 = 191,397 (15,124 PJs) • Diff = 21,225 an 11% increase in clean, on-timeapplications • Approximately 19,000 apps with edits could clean by May 15 deadline. • Note an 18.6% increase in PJs, not all of which will be SSACI acceptable Expect: 132,000 students could receive offers in 2010 Approx.111,000 students received offers in 2009

  3. On-time but not clean From now to May 15th: • Emancipated minor status not recognized by the state; must clean by May 15th deadline. • Legal guardianships accepted as is. • Large number of graduate student edits; not likely to clean for O’Bannon as they really are grad students. • SSACI plans to send email notifications directing students with edits to eStudent.

  4. Utilization Rates Most recent projections using Fall 2009 actual #s: HEA = 51.79% FOC = 66.07%21st = 75.89% End of year rates will be available after May 19 and before setting caps. Again, large fraction of independent students (52% to last year’s 48%); many have dependents, jobs, no earning partner, life issues.

  5. Tuitions • Normally, FOB not affected by present year tuition • 21stis an entitlement based on present year tuition • Must move funds from HEA to cover 21st needs • If you have not turned in Tuition Survey, please do – • Present year tuitions affect scholar and now HEA budgets. • Assumption about average tuition increase is 5%

  6. Budget By law, the state must have a balanced budget. As with other areas of education, the SSACI budget will be affected. Up until now, SSACI’s HEA/FOC/21sthave been the only budgets in the state with increases and no cuts. Projected carryover from 2009-10: • HEA: $10M FOC: none 21st: none Original Appropriation: • HEA: $152.9 M FOC: $52.1M 21st: $29.1M This is subject to change. • Approximately $14M might need to be moved to 21st • Federal LEAP/SLEAP in doubt – moving to Pell in proposed federal budget

  7. No Caps Estimates at This Time • Why? • Budget is not available – potential for cuts in HEA/FOC/21st. • Numbers to clean not available • Core 40/Academic Honors • 21st Affirmations • Utilization for 2009-2010 • Tuitions for 21st Scholars • LEAP/SLEAP

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