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What’s Happening in FSA – An Update

What’s Happening in FSA – An Update. Claire “Micki” Roemer General Manager, School Services and Training Channel Dallas, Texas March 6, 2005. What’s Happening. Electronic filing of the FAFSA is up 13.7%.

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What’s Happening in FSA – An Update

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  1. What’s Happening in FSA – An Update Claire “Micki” Roemer General Manager, School Services and Training Channel Dallas, Texas March 6, 2005

  2. What’s Happening • Electronic filing of the FAFSAis up 13.7%. • For the period ending February 19th, 12.9 million students have filed for 04/05 – up 3.0%. • My FSA, a Student Aid on the Web feature, has recorded: • 76,198 cumulative accounts. • Currently Averaging 270 new accounts per day. • Recorded 316,635 visits for the week ending February 26th. • Week ending February 26th, Schools Portal received 13,207 visits or about 1 million hits.

  3. Application Processing Statistics: FAFSAs Processed 2004-2005 vs 2005-2006 • 1,708,694 2004-05 FAFSAs processed as of February 22, 2004 • 1,690,743 2005-06 FAFSAs processed as of February 19, 2005

  4. Electronic FAFSA’s2001-02 – 2004-05

  5. Application Processing Statistics: Electronic Volume 2004-2005 vs 2005-2006 • 1,364,933 • 2004-05 FAFSAs filed electronically as of February 22, 2004 • 80% of all Apps • 1,551,770 • 2005-06 FAFSAs filed electronically as of February 19, 2005 • 92% of all Apps That’s a 14% increase in Electronic Apps!

  6. The Funds Continue to Flow For the 04-05 year through mid-February: • Pell and Direct Loan disbursements reached $10.5 billion and $9.9 billion respectively. • FFEL disbursements reached $23.7 billion.

  7. Pell Volume by Academic Year $12.7 B $7.2 B 14 12 10 8 $ Billion 6 4 2 0 1999-00 2000-01 2001-02 2002-03 2003-04

  8. Pell Volume by School Type Academic Year 2003-04 Private $2.1 B 17% Proprietary $2.1 B 16% Public $8.5 B 67% Total = $12.7 Billion

  9. Number of Pell Students by School TypeAcademic Year 2003-04 Private 830 K 15% Proprietary 931 K 17% Public 3.6 M 68% Total = 5.4 Million

  10. Number of Pell Schools by School TypeAcademic Year 2003-2004 Private 1,529 30% Public 1,779 35% Proprietary 1,844 35% Total = 5,152 Schools

  11. Pell Proprietary Volume by StateAcademic Year 2003-04 TX $140.5 M 7% AR $4.9 M 0% LA $25.6 M 1% NM $2.4 M 0% OK $19.3 M 1% All Other States $1.9 B 91% Total = $2.1 Billion

  12. Number of Pell Proprietary Schools by StateAcademic Year 2003-04 AR 24 1% LA 60 3% NM 8 0% OK 35 2% TX 140 8% All Other States 1,577 86% Total = 1,844 Schools

  13. Loan Volume by Academic Year $55.9 B $35.9 B 60 50 40 $ Billion 30 20 10 0 1999-00 2000-01 2001-02 2002-03 2003-04 *Based on gross commitments.

  14. Loan Volume by School Type Academic Year 2003-04 Total = $55.9 Billion Private $20.4 B 36% Public $25.8 B 46% Proprietary $9.8 B 18% *Based on gross commitments.

  15. Number of Student Borrowers by School TypeAcademic Year 2003-04 Private 2.0 M 29% Public 3.5 M 51% Proprietary 1.4 M 20% Total = 6.9 Million *Based on gross commitments.

  16. Number of DL and FFEL Schools by School Type Academic Year 2003-04 Public 1,901 37% Private 1,745 33% Proprietary 1,581 30% Total = 5,227 Schools *Based on gross commitments.

  17. Proprietary Loan Volume by StateAcademic Year 2003-04 AR $3.5 M 0% LA $45.9 M 0% NM $13.1 M 0% OK $52.6 M 1% TX $362.3 M 4% Total = $9.8 Billion All Other States $9.3 B 95% *Based on gross commitments.

  18. Number of DL and FFEL Proprietary Schools by StateAcademic Year 2003-04 AR 9 1% LA 34 2% NM 7 0% OK 28 2% TX 101 6% All Other States 1,402 89% *Based on gross commitments. Total = 1,581 Schools

  19. Campus-Based Volume by Academic Year $3.8 B $2.9 B 4 3.5 3 2.5 $ Billion 2 1.5 1 0.5 0 1999-00 2000-01 2001-02 2002-03 2003-04

  20. Campus-Based Volume by School Type Academic Year 2003-04 Total = $3.8 Billion Private $1.8 B 46% Public $1.8 B 48% Proprietary $214 M 6%

  21. Number of Students Receiving Campus-Based Funds by School TypeAcademic Year 2003-04 Private 1.1 M 37% Public 1.5 M 52% Proprietary 329 K 11% Total = 2.9 Million

  22. Number of Campus-Based Schools by School Type Academic Year 2003-04 Public 1,517 39% Private 1,404 36% Proprietary 970 25% Proprietary 970 25% Total = 3,891 Schools

  23. Campus-Based Proprietary Volume by State Academic Year 2003-04 AR $33 K 0% LA $2.1 M 1% NM $27 K 0% OK $1.4 M 1% TX $9.0 M 4% All Other States $201.9 M 94% Total = $214 Million

  24. Number of Campus-Based Proprietary Schools by StateAcademic Year 2003-04 AR 3 0% LA 29 3% NM 2 0% OK 9 1% TX 67 7% All Other States 860 89% Total = 970 Schools

  25. How to be Better at What You Do • Provide Training Opportunities for Staff • Keep up with Changes • Subscribe to IFAP • Read COD Daily update • www.cod.ed.gov • Talk to Colleagues

  26. Online Training • EDExpress Basics Web-based Training • FAA Assessments • Under “Tools for Schools” • www.ifap.ed.gov/IFAPWebApp/index.jsp • COD Computer Based Training • www.cod.ed.gov • FSA COACH • www.ed.gov/fsacoach

  27. FSA Coach • Under IFAP “Tools for Schools” • Under TFAP side bar “Training” • A free web based orientation to student financial aid concepts • 40 hours of self paced instruction, 9 modules, 36 lessons www.ed.gov/fsacoach

  28. Training Opportunities • Electronic Applications training: March-April 2005 • Career College Day: March 21, 2005 • Spring Conference 2005: March 22-24 • Spring Conference 2006: April 5 - 7 • Fundamentals of Title IV Administration • To Register, Go to:http://www.ed.gov/offices/OSFAP/training/ newfaps.html - fundamentals

  29. Training Opportunities Fundamentals of Title IV Administration To register, go to:www.ed.gov/offices/OSFAP/training/newfaps.html#fundamentals

  30. Conferences • Schools Portal under “Resources and Training” • No sign on necessary • Preview of upcoming FSA conferences, agendas, hotel and travel information. http://edeworkshop.ncspearson.com

  31. Future Training • Spring 2005: Getting It Right! Topics identified from audits and Program review findings • Fall 2005: Fiscal Officer Training • EAC Conferences: • San Diego,CA: October 30-November 2, 2005 • Atlanta, GA: November 29-December 2, 2005

  32. COD Update – Frequent Concern

  33. COD Password Update • Why you need a Password Reset • You received a temporary password as the system administrator and you failed to change the temporary password within 24 hours. • You did not access the COD website for 6 consecutive months after your first visit. • You did not access the COD website for over 3 consecutive months following the last visit and you have been in the website more than one other previous time.

  34. Bulletin to Follow • It will address: • Resetting the Password • Password Security • Deactivating/Reactivating a User

  35. Questions Contact Information: Claire M. Roemer Email: claire.roemer@ed.gov Phone: (202) 377-3452

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