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State Update

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

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  1. State Update BUREAU OF STATE AND AUTHORITY FINANCE (BSAF) MSFAA CONFERENCE 2012

  2. 2012-13 BUDGET Student Scholarships and Grants Division

  3. SSG Programs 2012-13 Budget

  4. Midwest Association of Student Financial Aid Administrators – MASFAA (Source NASSGAP) Michigan ranked #8 in the order of funding student aid programs in 2010-11.

  5. 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.

  6. 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

  7. 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.

  8. 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%.

  9. 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.

  10. SSG Policies Changes and clarifications

  11. 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.

  12. <5% 13.22% 11.13% 74.33% CEPI 2010-11 GRAD/DROP OUT Rate

  13. 2010-11 GRADUATION/Drop-oUT Rate

  14. 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.

  15. 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.

  16. 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

  17. 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.

  18. BSAF – New Web site Paying For College www.michigan.gov/mistudentaid

  19. Student Loans Division Michigan Guaranty Agency- MGA Michigan Finance Authority Student Loan Programs – MFA-SLP

  20. 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.

  21. 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: slp@michigan.gov. • Both the Web URLs remain the same: • www.mistudentloans.com and www.miloanprogram.com

  22. Questions?

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