Florida Association of Student Financial Aid Administrators 2012 Annual Conference Orlando May 31, 2012

1. Florida Association of Student Financial Aid Administrators2012 Annual ConferenceOrlandoMay 31, 2012 Office of Student Financial Assistance Update

2. AgendaDiscover a New Journey with State Aid! • Recap of a Successful 2011-12 • Spring End-of-Year Activities • Legislative Session Update • 2012-13 Preparation & Budget

3. Recap of a Successful 2011-12 All were aboard!

4. Recap of a Successful 2011-12 • Processed over 109,500 students’ initial Florida Financial Aid Applications to receive state aid during the 2011-12 academic year • Disbursed to date over 345,000 initial and renewing students over $568 million of state scholarship and grant funds

5. Recap of a Successful 2011-12 • BF, FRAG and ABLE students filed the FASFA • 2012-13 Grade and Hours • Open May 1st thru June 30th

6. Spring End-of-Year Activities Busy Time!!

7. Business Cycle • Florida Statutes and State Board of Education Rules provide for reporting timeframes • Statutes for State Programs • SBE Rules for State Programs

8. Business Cycle – Calendar

9. Business Cycle – Renewal Application NEW! Due June 8th

10. 2012 Legislative Update Out of this world!

11. 2012 Legislative Update Bright Futures - HB7059 • High school students who graduate mid-year may submit a state Florida Financial Aid Application by August 31 prior to their fall graduation to be evaluated for Bright Futures • If eligible, the MEL will indicate a Conditional Code of “001” for these students who can thenreceive funding in the spring term of the same academic year following their mid-year high school graduation

12. 2012 Legislative Update Bright Futures – HB5201 – Conforming Bill • Clarifies that BOTH initial and renewing students are required to file the FAFSA prior to receiving awards • DER will prefill with ISIR transaction # that state has on file or • Institutions to add transaction # that school has on file or • An edit will display and prohibit disbursement • Limits 2 terms of funding for students enrolled in the University of Florida Innovation Academy Spring/Summer program

13. 2012 Legislative Update Bright Futures – HB5201 – Conforming Bill • Starting with students graduating high school in 2012-13 • Students are eligible to be disbursed their initial Bright Futures award within two years following high school graduation rather than the current 3 years • Students may then continue to accept renewal awards for up to five years following high school graduation or until they receive a baccalaureate degree, whichever comes first

14. 2012 Legislative Update Gold Seal Vocational Scholars - HB5201 – Conforming Bill • 2011-12 High School Graduates may receive funds • 100% of the number of hours in their program of study • ONLY at a two-year or career Florida public or eligible Florida private postsecondary institution • In the following programs: • Applied Technology Diploma (ATD) • up to 60 credit or equivalent clock hours • Technical Degree Education Programs (AS, AAS, CCC) • up to 72 credit or equivalent clock hours • Career Certificate Programs (PSAV’s) • up to 72 credit or equivalent clock hours

15. 2012 Legislative Update HB1263 • Transferred administration from the Department of Health to the Department of Education for • Nursing Student Loan Forgiveness • Nursing Scholarship Program

16. 2012-13 Budget The road ahead!

17. 2012-13 BUDGET

18. 2012-13 FSAG Budget HB5001 General Appropriations Act (GAA) FSAG • $130, 032,018 Appropriation • Annual maximum award = $2,534 • Same sector allocations as 2011-12 • Institutions receiving any state financial aid funds in 2011-12 are required to report by 9/1/12 • Total loan amounts disbursed • Total number of students receiving loan funds • See easy online report

19. 2012-13 Bright Futures Award Amounts for Budget of $329,408,935

20. 2012-13 FRAG Budget HB5001 General Appropriations Act (GAA) FRAG • $78,958,406 Appropriation • 2010-11 eligible institutions (30) • Maximum award = $2,150 • Institutions eligible after 2010-11 (1) • Maximum award = $1,476 • All students required to file the FAFSA prior to receiving funds

21. 2012-13 ABLE Budget HB5001 General Appropriations Act (GAA) ABLE • $2,310,231 Appropriation • Maximum award = $803 • Students required to file the FAFSA prior to receiving funds

22. Preparation for 2012-13 Keep on Truckin’

23. State Student Financial Aid Database Security • Postsecondary Institutions Tab Links are Secure • OSFA designates Financial Aid Director (FAD) as security designee who then assigns staff access at their institution • User IDs are deactivated if • No activity within 7 days of activation or re-activation • Non-use for 90 consecutive days • Security is important! • Do not create generic passwords or share passwords • SSFAD System times-out after 15 minutes

24. Questions and AssistanceOSFA Contacts Thank You • Theresa Antworth – Director, State Scholarships & Grants • Theresa.antworth@fldoe.org • 850-410-5185 • Toll-free State Programs: 1-888-827-2004 • Lori Auxier-Hash – Director of Outreach Services • Lori.auxier@fldoe.org • 561-292-6002 • Levis Hughes – Bureau Chief OSFA • Levis.hughes@fldoe.org • 850-410-6810 • Toll-free Federal Loans: 1-800-366-3475