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Missouri Department of Higher Education. State updates presented by Leroy Wade. Today’s Agenda. Challenge Grant updates Content on dhe.mo.gov Report on state aid programs for 2008-09 FAMOUS enhancements Reauthorization updates Entrance and exit counseling and materials. Challenge Grant.

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Missouri Department of Higher Education

State updates presented by

Leroy Wade

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Today’s Agenda

  • Challenge Grant updates

  • Content on dhe.mo.gov

  • Report on state aid programs for 2008-09

    • FAMOUS enhancements

  • Reauthorization updates

    • Entrance and exit counseling and materials

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Challenge Grant

  • Sub-grant RFP and application materials

    • Competitive grant

    • MDHE contacts: Leroy Wade and Tim Hopkins

    • Ready for distribution by end of December

    • MDHE will distribute materials by:

      • Posting on MASFAP-L

      • Article in MDHE Digest

      • MDHE e-distribution message to all subscribers

      • Article in DESE counselor newsletter, Guidance Digest

  • Who can submit a proposal?

    • Non-profit Missouri organizations with proven expertise in activities promoting postsecondary education

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Challenge Grant

  • Proposals will be evaluated by a panel on:

    • Expected impact on target populations

    • Quality of the organization’s existing activities

    • Extent to which statutory guidelines are met

      • The benefits of postsecondary education & financing options

      • “At risk” populations served

      • Assistance with FAFSA completion

    • Note: Draft scoring rubric will be distributed with the RFP and application materials

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Content Updates dhe.mo.gov

  • Since May 2008:

    • 59 web pages have been updated

    • Updated speakers bureau topic list

      • 22 topics now on the list

      • As always, additional topics available upon request

  • MDHE is continuing to work on updating Web site content; next priorities:

    • Missouri state aid content

    • Recent changes in federal regulations/laws

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State Aid Programs

  • Access Missouri

    • $47.8 M distributed to date ($96 M appropriated)

    • 39,655 students served

    • Preferred fall certification deadline 12/5/08

  • Bright Flight

    • $7.96 M distributed to date

    • 7,961 students served

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State Aid Programs

  • Marguerite Ross-Barnett

    • $210,464 distributed

    • 153 students served

    • Payments on Hold

  • Public Service Officer Survivor

    • Growing program

  • Vietnam Veterans Survivor

    • Program winding down

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State Aid Programs

  • Missouri Teaching Fellows Program

    • Letter sent to interested students

    • Application materials in development

  • Kid’s Chance Scholarship

    • Fall 2009 implementation

    • Proposed rule in development

    • HB 2191 - $1 million principal by 2018

  • War Veteran’s Survivors Grant

    • Created by HB 1678 in 2008 legislative session

    • Fall 2009 implementation

    • Proposed rule in development

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FAMOUS Enhancements

  • Conversion to online platform

    • Improved messages

    • Additional certification functionality

      • Ability to certify for Access only, Bright Flight only, or both

      • Confirm Certify screen with export capability

    • Disbursement History to replace Transfer Payment Info screen

    • User info from security system to replace contact info

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Proposed Administrative Rule Changes

  • General clean up of all state aid administrative rules

  • Generic institutional eligibility rule to cover all programs

  • All rules to reference the institutional eligibility rule

  • Addition of disability language to all rules

  • To CBHE for approval 12/08 to be effective for fall 2009

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2009 Missouri Legislative Session

  • CBHE and MDHE legislative priorities

    • Bright Flight

    • Access Missouri

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Publication Updates

  • Materials distributed

    • Just under 200,000 pieces distributed 2007-08

    • YTD 2008-09, distributed 196,100 pieces

  • New state aid electronic publication coming soon

    • In-depth information

    • Will be available via www.dhe.mo.gov

      • Printed copies may be requested

  • Additions to online order form:

    • Common Manual CD added for order by Missouri institutions

    • Choices, October 2008 publication from Missouri Life magazine

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Publications and HEOA

  • Entrance and Exit Counseling Workbooks

    • HEOA changed the requirements regarding what must be covered during entrance and exit counseling

    • MDHE workbooks may still be ordered and used, however additional information may be needed to supplement

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MDHE Exit Workbooks

  • Exit counseling supplemental materials & information

    • Comparison of each repayment plan option

      • Average monthly payments

      • Differences of total interest

      • Differences in total amount repaid

    • Copy of USDE publication regarding loan forgiveness & discharge

    • Copy of USDE publication describing deferments & forbearances

    • How borrowers can use NSLDS effectively

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MDHE Entrance Workbooks

  • Entrance counseling supplemental materials & information

    • Effect of accepting the loan on eligibility for other aid

    • Interest accrual and capitalization

      • Unsubsidized Stafford or Grad PLUS

      • How to pay the interest while in school

    • Definition of half-time enrollment

      • Consequences of falling below half time

      • What to do if the student needs to withdraw or drop below half time

    • How borrowers can use NSLDS effectively

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Federal Title IV Reauthorization

  • Higher Education Opportunity Act (HEOA)

  • Adverse credit definition change for PLUS loans

  • Some dependent students MAY now qualify for unsubsidized Stafford Loans when the parent(s) refuse to complete the FAFSA

    • Dependent loan limits apply

    • MDHE system can guarantee these loans now

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MDHE FDF Subsidy

  • Subsidy available 2008-09 for:

    • All Stafford and PLUS loans

    • Missouri schools

    • Guarantee dates between 7/1/2008 and 6/30/2009

  • MDHE total subsidies year-to-date of $2,749,781

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MDHE Advisory Committees

  • Joint meeting of school FAOs and lenders conducted in October

    • New members continue to be welcome

    • Contact your MDHE client rep or Julie Meyer, if interested

  • High school counselor committee met September 29

    • 24 members

    • Committee mission and goals:

      • Identify critical needs of Missouri’s college-bound students that are not currently being met

      • Provide insight into teen viewpoints and popular culture trends

      • Identify needs of the secondary education community

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  • MODEL Direct updates

    • MODEL Direct logo being replaced by MDHE logo

    • Product name is staying the same

  • ATOM updates

    • ATOM logo being replaced by MDHE logo

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Questions or comments?

3515 Amazonas Drive

Jefferson City, MO 651O9

(8OO) 473-6757

(573) 751-3940

Fax (573) 751-6635

[email protected]