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State Update. BUREAU OF STATE AND AUTHORITY FINANCE (BSAF) MSFAA CONFERENCE 2012. 2012-13 BUDGET. Student Scholarships and Grants Division. SSG Programs 2012-13 Budget. Midwest Association of Student Financial Aid Administrators – MASFAA (Source NASSGAP ).

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state update

State Update

BUREAU OF STATE AND AUTHORITY FINANCE (BSAF)

MSFAA CONFERENCE 2012

2012 13 budget
2012-13 BUDGET

Student Scholarships and Grants Division

slide7

Midwest Association of Student Financial Aid Administrators – MASFAA (Source NASSGAP)

Michigan ranked #8 in the order of funding student aid programs in 2010-11.

legislative directives
Legislative Directives
  • The 2013-14 appropriations are anticipated to be the same as those for fiscal year 2012-13.
  • NEW!Community colleges and public universities must meet certain criteria of cooperation with the state to develop, operate, and maintain the statewide P-20 education longitudinal data system.
legislative directives1
Legislative Directives
  • Public universities shall provide a dashboard or report card demonstrating the universities performance in several “best practice” measures.
  • This includes:
  • Enrollment
  • Student Retention Rate
  • Six-year Graduation Rates
  • Number of Pell Grant Recipients
  • Geographic Origination of Students, Categorized as In-state, Out-of-state, and International
legislative directives2
Legislative directives
  • And . . .
  • Faculty to student ratios and total university employee to student ratios.
  • Teaching load by faculty classification.
  • Graduation outcome rates, including employment and continuing education.
  • SSG is tasked with identifying how some of these items relate to state aid programs. We will work collaboratively with you. SSG has a student intern that will be sending you a survey.
legislative directives3
Legislative directives
  • NEW for MTG: SSG must project the year-end appropriation balance at the time of initial awards.
  • Expect an increased number of program reviews.
  • Change for MTG: SSG’s reporting dates for fund status evaluation have been pushed back from February 1 to February 28 and notification to students of pending reduction to March 4 of each year.
  • Change for MTG, MCS and TIP: Payments will be made quarterly at 50%, 30%, 10%, and 10%.
legislative directives4
Legislative directives
  • NEW for TIP: Be less than 20 at the time he or she graduates from high school with a diploma or certificate of completion or completes his or her GED.
  • New for TIP: As used in this subdivision, “incarcerated” does not include detention of a juvenile in a state operated or privately operated juvenile detention facility.
ssg policies

SSG Policies

Changes and clarifications

new ssg policies
New SSG policies
  • For MCS, MTG, and TIP:
  • Students are eligible if they have a high school diploma, GED, or certificate of completion.
  • Legislation for Michigan programs does not require a high school diploma.
slide15

<5%

13.22%

11.13%

74.33%

CEPI 2010-11 GRAD/DROP OUT Rate

ssg program payment schedule
SSG Program Payment Schedule
  • The schedule for 2012-13 is now on our Web site. Changes include:
  • For MCS and MTG, the deadlines for reporting your third quarter enrollments will be moved up.
  • Verifications typically due in mid-May will be due May 1st.
  • MCS and MTG programs must be balanced with SSG by July 31st as opposed to September.
new dual enrollment program
NEW DUAL ENROLLMENT PROGRAM
  • Appropriation is $10 million dollars.
  • The Department of Treasury will make payment to higher education institutions for qualified dual enrollments.
  • Public Acts 131,132,133, and 134 amend prior legislation regarding eligibility and number of courses.
  • Various agencies are investigating how many students may enroll.
ssg outreach services for high schools
SSG OUTREACH SERVICES FOR HIGH SCHOOLS
  • Recently certain services went to MDE in conjunction with the Michigan College Access Network grant (MCAN).
  • SSG is working to save these important services:
  • Michigan Postsecondary Admissions and Financial Aid Handbook.
  • High School Counselors Workshop (HSCW).
  • Paying For College Booklet
ssg new financial aid system
SSG – New Financial Aid System
  • Features to make things easier for you:
  • Ability to see all program awards per individual student.
  • Condensed files.
  • Auto save response with no naming convention.
  • Auto response that confirms file status.
  • Canned reports.
  • Citizenship locked once confirmed.
  • Ability to view multiple academic years at one time.
  • Ability to look up TIP students to see how many credits are left.
  • Ability to enter bills online.
  • Specific portals for different user groups.
bsaf new web site

BSAF – New Web site

Paying For College

www.michigan.gov/mistudentaid

student loans division

Student Loans Division

Michigan Guaranty Agency- MGA

Michigan Finance Authority

Student Loan Programs – MFA-SLP

slide24
MGA
  • As a Sponsoring Guarantor, the Michigan Guaranty Agency makes it possible for all Michigan schools to utilize as a member the counseling and other services offered by Mapping Your Future. A handout containing details has been placed on each table.
mfa slp
MFA-SLP
  • The Michigan Higher Education Student Loan Authority (MHESLA) is now known as MFA-Student Loan Programs (MFA-SLP). MFA-SLP’s lender code remains 825585.
  • The toll-free telephone number remains 888-643-7521.
  • The NEW e-mail is: [email protected]
  • Both the Web URLs remain the same:
  • www.mistudentloans.com and www.miloanprogram.com
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