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SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013

SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013. Today’s Agenda. Legislation 1348 1312 1001 Next Steps 2013-2014 Awards Information National Guard / CVO Questions. HB 1348 Frank O’Bannon / 21 st Century Scholars Reform. Completion Requirements 30/60/90

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SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013

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  1. SFA Update Mary Jane Michalak Associate Commissioner April 16, 2013

  2. Today’s Agenda • Legislation • 1348 • 1312 • 1001 • Next Steps • 2013-2014 Awards Information • National Guard / CVO • Questions

  3. HB 1348Frank O’Bannon / 21st Century Scholars Reform • Completion Requirements • 30/60/90 • 24/48/72 • GPA Requirements • “Satisfactory Academic Progress” • Annual Awards • Grid Awards schedule • Incentives • EFC for all students (independent and dependent)

  4. Current Model Base Award = Prior-Year Tuition up to a Max * 80% - Federally-Determined Expected Contribution Student Performance Incentive for Academic Honors / Associate Degree = Prior-Year Tuition up to a Max * 20%

  5. New Model Base Award Simple grid based on EFC and school type Student Performance Incentive Flat-dollar increases for getting good grades, accelerating completion, and earning credentials along the way

  6. Student Performance Incentive: Paying for what we value Preparedness Earn a H.S. honors diploma (freshman only) Good grades Keep GPA of 3.0 or higher last year Credentials Hold an associate degree Acceleration Complete 39+ credit hours last year

  7. Implementation Schedule: 2013-2014 • Maximum base awards through formula, as with current system; PC and EFC used • Academic Honors/Technical Honors • 20% of max award (same as 2012-2013) • Incoming Freshmen will receive AH/TH award for one year only.) • GPA – Satisfactory Academic Progress (Freshmen and Sophomores) • Completion requirements (Freshmen)

  8. Implementation Schedule: 2014-2015 • Maximum base awards through grid (all students)* • EFC for all students • GPA – SAP (Freshmen, Sophomores, Juniors) • Completion requirements (Freshmen, Sophomores) • Grandfathered Academic Honors / Technical Honors bonus (Juniors, Seniors) • New Incentives (Freshmen, Sophomores) • Degree maps (Freshmen) * Students who enter college under the formula will be grandfathered in under the “on-time award”

  9. Implementation Schedule: 2015-2016 • Maximum base awards through grid (all students)* • EFC for all students • GPA – SAP (all students) • Completion requirements (Freshmen, Sophomores, Juniors) • Grandfathered Academic Honors / Technical Honors bonus (Seniors) • New Incentives (Freshmen, Sophomores, Juniors) • Degree maps (Freshmen, Sophomores) * Students who enter college under the formula will be grandfathered in under the “on-time award”

  10. Implementation Schedule: 2016-2017 Frank O’Bannon / 21st Century reform fully implemented • Maximum base awards through grid (all students)* • EFC for all students • GPA – SAP (all students) • Completion requirements (all students) • New Incentives (all students) • Degree maps (Freshmen, Sophomores, Juniors)

  11. Implementation Schedule: 2017-2018 HB 1348 fully implemented • Maximum base awards through grid (all students)* • EFC for all students • GPA – SAP (all students) • Completion requirements (all students) • New Incentives (all students) • Degree maps (all students)

  12. HB 1348 - Part-Time Grant • Require recipients to complete 18 credit hours per year • Extend full-time performance requirements (e.g., GPA) to part-time students • Prohibit the use by students receiving outside tuition reimbursement • Set application deadline to August and administer grant centrally, rather than current block-style starting in 2014

  13. HB 1312 - EARN Indiana Program • Enhance eligibility • allow for-profit companies to participate • allow all employers to participate year-round • extend student eligibility to all students with financial need • Promote the program through employer networks • Ensure that EARN positions are experiential and résumé-building • Better match students to relevant positions

  14. HB 1001 – Budget Bill • Anything possible until April 29 • Teacher Stipends (in House Budget only) • Up to $5,000 for education majors during the student-teaching semester if the student is: • A minority OR • Focused on special education or other high-need fields identified by the Commission • Meet certain GPA requirements • Stipend not limited to tuition & fees, paid directly to student by school corporation • $450k per year for each program

  15. HB 1001 – Budget Bill • Maintains commitment to Financial Aid • Increases financial aid by $72.1 million over biennium • Higher Education Award • $125M (2014) and $106M (2015) • Freedom of Choice • $47M (2014) and $40M (2015) • 21st Century Scholars • $109M (2014) and $120M (2015)

  16. HB 1001 – Budget Bill • EARN (work study) and Part-Time awards flat • Senate version • No funding for Minority Teacher Scholarship • No funding for Nursing program • No language or funding for Stipends • Creates loan forgiveness for physicians in rural areas (administered by the Department of Health)

  17. Next Steps • 1348 Implementation meeting – May 8, 2013 • Student-based model • Redesign of xGRADS • Stipends outreach – if passed • Contacts with Schools of Education • K-12 School Business Officials

  18. 2013-2014 Awards • May 9 – next “edit notification” e-mail • Tuition survey • Will be sending out week of April 29 • Needs to be returned by May 31 • Commission meeting set for June 13, 2013 • SFA Award calculations begin June 14, 2013 • Student notification begins July 1, 2013

  19. National Guard / CVO • Funding increases for both in HB 1001 • NG - $3.6M (2014) and $3.7M (2015) • CVO - $27.2M (2014) and $28.7M (2015) • Awaiting federal guidance on CVO

  20. Questions? Mary Jane Michalak Associate Commissioner 317.234.5664 mjmichalak@che.in.gov

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