Applications and caps
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Applications and Caps. Laurie Gavrin SSACI Commission Meeting July 17, 2009 (final). Caps Setting Process:. Applications Utilization rates Methodology Tuition Population Minimum grant now $400 Optimize grant spending Budget. Applications. Total applications by July 17th

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Applications and Caps

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Applications and caps

Applications and Caps

Laurie Gavrin

SSACI Commission Meeting

July 17, 2009 (final)


Caps setting process

Caps Setting Process:

  • Applications

  • Utilization rates

  • Methodology

    • Tuition

    • Population

    • Minimum grant now $400

    • Optimize grant spending

    • Budget


Applications

Applications

Total applications by July 17th

  • 2008 = 268,184

  • 2009 = 328,546 (7/7/09)

    Difference = 60,362 a 23% increase in applications

    Clean, on-time applications

  • 2008 = 167,972

  • 2009 = 213,479 (7/7/09)

    Difference = 45,507 a 27% increase in clean, on-timeapplications

    Expect: 110,000 students to receive offers in 200990,906 students received offers in 2008


Utilization rates

Utilization Rates

Most recent rates using 2008-09 EoY #s:

HEA = 54.31% FOC = 62.99%21st = 74.34%

  • Those attending may go part-time, but not necessarily -- this year’s group of ten year rule students succeeded in attending full-time, against expectations.

  • There are a large number of colleges with programs accommodating “full-time” study in such a way as to allow full-time work, family care.


Tuitions population

Tuitions, population

Tuitions:

  • Actual tuition levels used if available, otherwise we estimated 5%.

    Population:

  • While there is no way to know what next year’s student population will be, we estimated by using the five year average (excluding this spring) of 4%.


Optimize spending

Optimize Spending

  • Lower O’Bannon caps means more overall resources are needed to cover 21st Century Scholars obligation

  • Need to move $ from O’Bannon to 21st

  • Restricted from moving resources from FOC to 21St

  • To maximize the caps across all programs, payments to students at independent colleges will come from HEA and FOC in a new ratio.

  • Caps are set with two years’ budgets in mind. The reason for doing this is to prevent having to decrease caps in year two of the biennium.


Budget

Budget

Carryover from 2008-09:

  • HEA/FOC:$11.6M21st:$2.4M

    Appropriations:

  • HEA:$148.5 M

  • FOC:$50.6M

  • 21st:$28.3M

    Reserve: 3.4% is $13.2M


2009 10 frank o bannon caps pending ssaci commission approval

2009-10 Frank O’Bannon Capspending SSACI Commission Approval

Public 4-year college cap: $4,206

Independent college cap: $7,584


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