1 / 23

Campus-Based Allocation Formula: Improving Funds for Needy Students

Explore the history and detailed explanation of the allocation formula for better targeting funds to needy students. Learn about institutional need calculations, financial need assessments, and guiding principles. Contact Dan Madzelan at U.S. Department of Education for feedback.

daughertye
Download Presentation

Campus-Based Allocation Formula: Improving Funds for Needy Students

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Session C-31 Campus-Based Allocation Formula Dan Madzelan U.S. Department of Education

  2. In Today’s Session – • Brief History of the Formula • Detailed Explanation • Ways to Better Target Funds to Needy Students

  3. A (Very) Brief History • Huff “Panel of Experts” (1977) • Initial Implementation (1978) • HEA Reauthorizations, 1980-2008

  4. Institutional Allocation The lesser of— • Request for funds, or • The greater of— • Base guarantee, or • “Fair share”

  5. Institutional Allocation • Base guarantee/prior expenditure • Fair share of program funds • Institutional need • Financial need minus • All federal grants minus • Some state grants

  6. Allocation Formula

  7. Allocation Formula

  8. Allocation Formula

  9. Allocation Formula

  10. FISAP Part II—Sections D, E and F • Enrollment and tuition revenue • Pell, academic competitive, and national SMART grants • State grants and scholarships • Eligible aid applicants • Dependent undergraduates (2) • Independent undergraduates (2) • Independent grad/professional

  11. Institutional Need

  12. Institutional Need

  13. Calculating Institutional Need

  14. Calculating FSEOG Need

  15. Calculating Self-Help Need

  16. Financial Need Dependents 33,315,386 Independents 6,769,035 Pell Grants 1,432,255 Leap Grants 35,171 Institutional Need 38,616,995 FSEOG Need Dependents 12,729,510 Independents 4,874,002 Pell Grants 1,432,255 Leap Grants 35,171 FSEOG Need 16,136,086 Self-Help Need Dependents 20,585,876 Independents 1,895,033 Self-Help Need 22,480,909 Campus-Based Need: Summary

  17. FISAP Part II, Section F

  18. Distribution of EAAs, 2006-07

  19. Standard EFCs, 2006-07

  20. Campus-Based Programs:Cost of Attendance, 2006-07

  21. Future Eligible Aid Applicant Grid ?

  22. Campus-Based Programs Funding • Follow the students • Provide more “fair share” funding • Align formula EFCs with actual EFCs

  23. Contact Information Your feedback and comments are appreciated. • Phone: 202-502-7816 • Email: dan.madzelan@ed.gov • FAX: 202-502-7873

More Related