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State Update Illinois Student Assistance Commission Andy Davis, Executive Director Katharine Gricevich, Director, Gover

11/10/2011. 2. ISAC Mission Statement. Making college accessible and affordable for all Illinois students.. 11/10/2011. 3. Federal Agenda: Completion. President has set a goal for the nation to lead the world in the number of postsecondary credentialsPresident has set a specific goal for 5 million more community college graduates and credentials by 2020Federal funds for American Graduation Initiative; College Access Challenge Grants; College Access and Completion Innovation Fund under consid1144

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State Update Illinois Student Assistance Commission Andy Davis, Executive Director Katharine Gricevich, Director, Gover

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    1. 11/11/2011 1 State Update Illinois Student Assistance Commission Andy Davis, Executive Director Katharine Gricevich, Director, Government Relations Chris Peterson, Chief Program Officer 2010 ILASFAA Conference March 25, 2010 Crowne Plaza ? Springfield, IL

    2. 11/11/2011 2 ISAC Mission Statement Making college accessible and affordable for all Illinois students.

    3. 11/11/2011 3 Federal Agenda: Completion President has set a goal for the nation to lead the world in the number of postsecondary credentials President has set a specific goal for 5 million more community college graduates and credentials by 2020 Federal funds for American Graduation Initiative; College Access Challenge Grants; College Access and Completion Innovation Fund under consideration

    4. 11/11/2011 4 Major Foundation Agenda: Completion Lumina’s “big goal”: “To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025” Gates Foundation Goal: “Postsecondary education can be a bachelor's degree, an associate's degree, or a certificate. Our goal is to help double the number of low-income adults who earn a college degree or credential with genuine marketplace value by age 26.”

    5. 11/11/2011 5 Complete College America Partnership Agenda: Completion “Access without success is an empty promise…and a missed opportunity with economic consequences” Illinois is one of 17 states in a partnership with 5 leading education foundations Commitment to set degree goals at state and campus levels Establish common measures of progress and publicly report results annually Develop and implement action plans to graduate more students.

    6. 11/11/2011 6 Illinois’ Public Agenda Goal 1: Increase educational attainment to match best-performing states Goal 2: Ensure college affordability for students, families and taxpayers Goal 3: Increase the number of high-quality post-secondary credentials to meet the demands of the economy and an increasingly global society Goal 4: Better integrate Illinois’ educational, research and innovation assets to meet economic needs of the state and its regions

    7. 11/11/2011 7 College Completion is the Nation’s New Challenge

    8. 11/11/2011 8 Illinois P-20 Council Comprised of a comprehensive and balanced group of educational stakeholders, including legislators, P-12 teachers and higher education faculty, staff and policymakers, professional organizations, parents, business leaders, and the Department of Commerce and Economic Opportunity, ISAC is an Ex-officio member Offers opportunity to set strategic direction for Illinois’ education reform efforts

    9. 11/11/2011 9 Research and Data Analysis Tell Us Where to Look: Our Lowest Income Students Do Not Complete College

    10. 11/11/2011 10 Illinois’ Target: Increase College Completion Rate for Lowest Income Students to 40%

    11. 11/11/2011 11 Success = completion of a bachelor’s or associate’s degree or career certification program ISAC Strategies Reach students and families earlier Develop innovative ways to make higher education more affordable Continue to inform policymakers and evaluate progress

    12. 11/11/2011 12 Reach Students Earlier College Access & Outreach Illinois Student Assistance Corps - ISACorps Uses community organizing model Relies on near-peer mentors Deployed across state by community college district Provide individual attention to high school students to help them with career counseling, college application, financial aid preparation, and college selection Special focus on first generation and low-income students – offering outreach in 8 languages Funded by $5M, 2-year federal College Access Challenge Grant

    13. 11/11/2011 13 Reach Students Earlier College Access & Outreach Improve FAFSA completion by sharing data Many students who are eligible for financial aid never apply; this places them at risk for not enrolling in college (about $600 million in Pell grant dollars left on the table for IL students each year) ISAC sends data on FAFSA completion each week to Chicago Public Schools so they can target specific individuals who have not yet completed their FAFSA – no wasted energy reaching those who have already filed Expanding program to include other school districts ED examining to determine how to implement on a national basis

    14. 11/11/2011 14 Reach Students Earlier College Access & Outreach KnowHow2GO Lumina Foundation for Education grant supports public outreach campaigns and www.KnowHow2GoIllinois.org Expands ISAC’s reach through partnership with community organizations Initiative helps students prepare for college What’s Next Illinois (upgraded version of IllinoisMentor) Comprehensive career, college planning, college search and financial planning web portal Chicago Public Schools/ISAC partnership Over 260,000 accounts created

    15. 11/11/2011 15 Make Higher Education More Affordable College Illinois!® Illinois 529 Prepaid Tuition Program has over $1 billion in assets and 55,000 accounts New for 2009-10: rolling applications so families can invest at any point in the year, giving greater access and saving them money the earlier they invest ISAC has changed the investment model, increasing sophistication in managing funds

    16. 11/11/2011 16 Make Higher Education More Affordable Monetary Award Program Over $400 million in state funds appropriated in FY2010; fourth largest need-based program nationally Serves nearly 140,000 students How to address nearly 120,000 students not served each year

    17. 11/11/2011 17 Make Higher Education More Affordable Innovation - MAP Capital Investment Bonds Diversify and stabilize MAP funding sources MAP grants for students attending community colleges funded by revenue bonds that are paid with 10 years of income taxes from those community college MAP recipients MAP grant funding for students attending 4-year institutions would remain funded via GRF $100 million available to fund all eligible community college students

    18. 11/11/2011 18 Make Higher Education More Affordable MAP Capital Investment Bonds Comparison with Illinois Income Tax data shows community college MAP graduates pay more in income taxes than before they graduated Community college graduates have higher percentage of remaining Illinois residents Current markets won’t support a model that includes 4-year institutions States such as Kansas, Iowa, and Missouri have similar, though smaller, programs already in place Australia uses similar method to fund programs

    19. 11/11/2011 19 Inform Policymakers and Evaluate Progress Research and Public Policy ISAC has long had a history of analyzing the data it houses to improve its programs and inform public policy Participate in the development of the state’s Longitudinal Data System (LDS) with the other state education entities Electronic data exchanges: e.g., 230 high schools (out of 1,000) currently send transcript data electronically to ISAC Transcripts can be sent electronically to 56 Illinois colleges and universities and the NCA Clearinghouse Electronic transcripts to be incorporated in LDS

    20. 11/11/2011 20 State Legislative Update Budget and Appropriations Changes to existing programs: HB 6206 College Illinois! 529 Prepaid Tuition Program - Institutional Eligibility SB 3222 Extension of truth-in-tuition SB 2538 Community College Equalization Grants SB 365 & HB 4865 General Assembly Scholarships HB 5824 & SB3630 Expansion of MIA/POW & IVG HB 6092 P-20 Longitudinal Data System

    21. 11/11/2011 21 State Legislative Update Proposed new programs: SB 3697 Nurse Educator Student Loan Forgiveness SB 3699 Grant program for community college transfer students Resolutions: HJR 103 Extends due date for study of efficiency and efficacy of MAP SJR 88 Creates committee to study higher education finance HJR 93 Study performance-based funding for higher education HR 918 Blue Ribbon Committee on Higher Education Mandates HR 920 Study feasibility of implementing 2-year budget cycle HR 955 Prepare to implement a rural campus designation program

    22. 11/11/2011 22 Program Update Monetary Award Program 2009-10 Payment Claim deadline dates – 4/1 & 6/1 Update from Comptroller 2010-11 MAP application volume Eligible application volume year over year is up 37% Possible suspension date – mid to late April Award letter language - State of IL MAP Grant (Est) 2010 – 11 Budget $403.9 million (Governor’s budget) Tuition & Fees Reporting – available 4/1, due 6/1

    23. 11/11/2011 23 Monetary Award Program MAP Capital Investment Bonds – we’re reviewing: Student eligibility – notifications, college choice, term enrollment, application deadline dates, suspension date Formula Payment issues MAP 2+2 pilot Reporting requirements pre and post disbursement Rules

    24. 11/11/2011 24 IIA Program 2009-10: Funding for fall term only 2010-11: Governor’s budget - $0 Announcement to students ISAC made no announcements to students Schools not to include IIA in announcements or IIA announced as $0 Suspense flag on records with receipt dates of 3/12 and later

    25. 11/11/2011 25 Military Programs  ING Grant Program 2009-10 Spring term listing in MyZone on 3/16; claims due no later than 4/14 Spring term claims OK if similar to fall term amount Summer claims may be prorated 2010-11 - $4.4 million (Governor’s budget) IVG 2009-10 Summer paid at 100%; No funding from ISAC for fall and spring term Community colleges receive payment from ICCB; proration for spring Payment data submission deadline for spring – 5/25 2010-11 - $6 million (Governor’s budget)

    26. 11/11/2011 26 Specialized Gift Assistance Programs Police/Fire/Correctional Officers 2009-10 Expect to pay spring and summer terms’ claims at 100% 2010-11 - $950,000 (Governor’s budget) IFTC & Golden Apple Scholars 2010-11 - $2 million (Governor’s budget); 200 awards to GA first, then remaining fund balance will be handled as follows: For 2010-11 - 58% will be allocated to Golden Apple For 2011-12 - 80% will be allocated to Golden Apple For 2012-13 - 100% will be allocated to Golden Apple, and the IFTC program no longer exists, it becomes the Golden Apple Scholars of Illinois Program.

    27. 11/11/2011 27 Other Specialized Programs Minority Teachers of Illinois – 2010-11 $2.5 million (Governor’s budget) Bonus Incentive Grant 2009-10 – Mid year allocation of $325,000 2010-11 - $325,000 (Governor’s budget) Student to Student – 2010-11 $950,000 (Governor’s budget) Nurse Educator Scholarship Program 2009-10: Last year for program Loan Repayment Programs – 2010-11 (Governor’s budget) Nurse Educators - $300,000 Teachers - $500,000 Public Interest Attorneys - $0 (New program, 1/1/10) Veterans’ Home Nurse - $50,000

    28. 11/11/2011 28 Loan Programs FFELP IDAPP Loans serviced through EdFinancial ISAC as guarantor Existing portfolio Capstone Loan Program 2010-11: Dependent on ability to obtain funding

    29. 11/11/2011 29 Compliance Reviews Purpose Demonstrate institutional and ISAC fiduciary responsibility to higher education stakeholders: Evaluate compliance with ISAC Administrative Rules, Title IV, HEA statute and regulations Identify liabilities owed to ISAC for errors in compliance Assist in improving current and future operations and services

    30. 11/11/2011 30 Compliance Reviews Changes As of July 2008, the majority of the review are conducted at ISAC’s Deerfield location – Desk Reviews Limited on-site reviews Audit materials can be submitted via school’s FTP site, scan, and thru the mail (SSN must be masked or document password protected) Reduce Sample Size (2009-2010 Reviews)

    31. 11/11/2011 31 Compliance Reviews Most Common Review Findings Approved MAP Award Letter language not being used Illinois residency not verified MAP reconciliation Overbilling Satisfactory Academic Progress standards not being monitored

    32. 11/11/2011 32 Unified Website Project All ISAC Web sites integrated into one site and to deliver a consistent image General – enhanced search capability; audio and video content College Zone - re-engineer the College Zone website – Fall 2010 College Illinois! 529 Prepaid Tuition - available as part of the unified website. Fall/Winter 2010 IDAPP - migrate functionality – Fall 2010 My Zone – migrate current functions with single sign-on – Fall 2011

    33. 11/11/2011 33 School Services Communication Center Exclusively for School Inquiries 866.247.2172 schoolservices@isac.org

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