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State Update Spring Training Camp at the Capitol. MASFAP Spring Conference March 25, 2011. Agenda. 2011 Legislative Session Budget Outlook State Aid Program Update College Access Challenge Grant FAMOUS Outreach/Early Awareness. Legislative News.
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State UpdateSpring Training Camp at the Capitol MASFAP Spring Conference March 25, 2011
Agenda • 2011 Legislative Session • Budget Outlook • State Aid Program Update • College Access Challenge Grant • FAMOUS • Outreach/Early Awareness
Legislative News • Changes to the CBHE/Other Statewide Boards • SB 163 – Coordinating Board • HB 174 – UM Board of Curators and MSU Board of Governors • HB 848 – UM Board of Curators (Voting Student Member) • Changes to A+ • HB 232 –Expansion to graduates of non-designated districts • Corresponding budget item
Legislative News • Advanced Placement Grant • Monetary “bonus” for A+ and Access Missouri recipients • Passing score (3?) on at least two AP tests in mathematics or science • HB 231 and SB 265 • Early High School Graduation Scholarship – SB 130 • Redirects portion of state aid from school district to scholarship (student by student)
Legislative News • “Caring for Missourians” – HB 223 • Grants to institutions to expand nursing education opportunities • Funded from State Nursing Fund • Missouri STEM Initiative – SB 164
State Budget – FY 2011 • Revenue/Tax Receipts continue a positive trend • Year to date – up 6.2% • February – up 5% • Last year for ARRA – stimulus/stabilization funds • Cuts to Access and Bright Flight remain • $3.5 million supplemental for A+ to ensure full funding
State Budget – FY 2012 • Total State Spending – down 2.5% • Current revenue projections are in balance with this spending level • State revenue (GR) projected to increase 4% • No federal stimulus/stabilization funds remain • Requires substantial reduction in GR expenditures even with revenue growth • 7% reduction for institutional operations • Appropriation bills currently awaiting floor action in House
State Budget – FY 2012 • Access Missouri • $64.8 million recommended • $34 million state revenue (GR, Lottery, Gaming) • $30 million MOHELA • Includes $2 million GR increase • Does not reflect loss of federal (LEAP/SLEAP) funds - $1.2M • Bright Flight • $14.2 recommended • Includes $2 million increase
State Aid Programs • Access Missouri • Mid-year adjustment to 48% of maximum • Lower utilization of program than projected • Release of “cost allocation plan” funds • 2011-12 estimated awards at statutory minimums • Next review in May – after legislative actions and tax-related revisions to FAFSA • Final award levels in August • Mid-year adjustment, if needed, will not impact fall
State Aid Programs • Bright Flight for 2011-12 • Estimated awards for top 3% - $1,500 • Estimated awards for top 4th and 5th - $0 • Adjustment likely during summer • Appropriations process complete • Estimated number of recipients • Continue to anticipate possible score changes for 2013 or 2014 • ACT releases data in late August or September
State Aid Programs • A+ • Scholarship transitioned to MDHE • New administrative rule adopted by CBHE • Includes substantive changes for the future • Approximately 40 new high schools this fall • Expect full funding • Wartime Veterans program • Only 5 applicants, 1 paid • Help spread the word
State Aid Programs • Application Deadlines • Access Missouri • FAFSA Filed by April 1 • Corrections by July 31 • Kids’ Chance – April 30 • (FAFSA and paper application) • MUELP – June 1 • Ross-Barnett – August 1
Administrative Rules • Access Missouri and Bright Flight • Rules amended to reflect statutory changes • Expected effective date in June • A+ and Minority and Underrepresented Environmental Literacy Program • Published in Mo. Register – April 1 • Starts 30 day public comment period • Expected effective date in August or September
College Access Challenge Grant • Federal multi-year grant to states to improve college access and persistence. • Single year grants extending through 2015 • Recently awarded third cycle grants • Program includes “maintenance of effort” requirement
College Access Challenge Grant • Second Cycle Highlights • 28,000 students and families received information about postsecondary education • 10,000 students received FAFSA or related assistance • 700 counselors participated in activities • Second Annual Statewide “Focus on Missouri” Conference with over 300 registrants
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 • Developing a statewide college access network
FAMOUS • Completing rewrite/redesign of MDHE interface • Move system to current technology platform • Implement needed fixes and enhancements • Student portal delayed but still planned • A+ incorporation under way, effective for summer 2011 • User manual updates coming based on these changes
Default Prevention Grants • Invitation letters will be sent: • before the end of March • to all Missouri postsecondary institutions participating in federal student loan programs • to institution’s president and financial aid director • Letter of intent to apply will be due to the MDHE 4/15/11 • Proposals will be due to the MDHE 5/16/11 • Grants to be awarded competitively for 2011-12 • Awards to top 28 scoring proposals
Upcoming Event Dates • Default Prevention meetings: • May 11 for all current DP Grant schools • May 12 for all Missouri institutions • More information available within the MDHE Digest online • Spring beginner financial aid training: • Live webinar format • April 7 • To register, visit dhe.mo.gov
MDHE Outreach Activities • For 2010-11 (year to date), the MDHE: • Staffed 162 events • Reached 26,974 people • Distributed more than 70,000 pieces of information • FAFSA Frenzy very successful for 2011 • The Early Awareness Committee provided full details during yesterday’s business meeting • 2012 event hosting application will be available in April or early May
Questions? Missouri Department of Higher Education P.O. Box 1469 Jefferson City, MO 65102 Phone: (573) 751-2361 Fax: (573) 751-6635 Info. Center: (800) 473-6757 info@dhe.mo.gov www.dhe.mo.gov