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State Update . Fall 2010 Raleigh, North Carolina Steven E. Brooks Executive Director North Carolina State Education Assistance Authority. State Grants and Scholarships Update. Record year 2008-09: State grants, scholarships, and scholarship-loans $369 million + 31% Awards made

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State Update

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State update

State Update

Fall 2010

Raleigh, North Carolina

Steven E. Brooks

Executive Director

North Carolina State Education Assistance Authority


State grants and scholarships update

State Grants and Scholarships Update

Record year 2008-09:

  • State grants, scholarships, and scholarship-loans

    $369 million + 31%

  • Awards made

    196,000+21%


State grants and scholarships update1

State Grants and Scholarships Update

State Budget Issues:

  • Phase outs of three existing programs

    • EARN ends fall 2009 (eligible for loans)

    • FTNC ends spring 2010 (eligible for PTSL)

    • NCSSM ends spring 2010


State grants and scholarships update2

State Grants and Scholarships Update

Major Aid Program Budgets for 09-10:

  • Community College Grant13.9 million

  • UNC Need Based Grant139.4 million

  • NCLTG55.5 million

  • SCSF44.0 million

  • Education Lottery Scholarship40.0 million*

  • NCSIG5.9 million


State grants and scholarships update3

State Grants and Scholarships Update

Major Aid Budgets for 10-11 (Continuation Budget):

  • Community College Grant13.9 million

  • UNC Need Based Grant 116.4 million

    • (-$23 million)

  • NCLTG 55.5 million

  • SCSF 44.0 million

  • Lottery Scholarship40.0 million (receipts)

  • NCSIG5.9 million

  • Conflicting aid start-up and legislative calendars

  • Escheat Fund also at issue


  • Legislative study committee

    Legislative Study Committee

    How best to use State funds…availability and sustainability

    How best to administer State funded student aid

    Current governance of NCSEAA

    Feasibility of consolidating scholarship, loan and grant programs for North Carolinians for which FAFSA is required

    Feasibility of consolidating loans, grants and scholarships for teacher education students

    Qualifications for each loan, scholarship and grant administered by NCSEAA, purpose for which the aid is awarded; what makes it similar or unique

    Marketing strategies for grants, loans and scholarships to be more transparent, understandable and accessible


    Outreach and training report new financial aid administrator training

    Outreach and Training Report -New Financial Aid Administrator Training

    Cumulative through October 2009  – 495 participants (since first training in 2003)

    34 newly trained in October 2009

    Next “New” FAA Training will be in the spring of 2010 – March – exact dates will be announced soon 

    Thanks to Jane Kanipe and to NCSEAA and NCASFAA professionals for the curriculum and the training

    Thanks to CFI for providing the welcoming site


    Outreach and training report fafsa day

    Outreach and Training Report - FAFSA DAY

    Thank You, NCASFAA!!

    • February 2009

      • 66 sites across the state – 60 counties

      • Over 750 volunteers

      • Over 4,500 students and families

    • February 2010

      • 97 counties across North Carolina

      • Thanks to State Employees Credit Union - SECU

      • SEAA will train SECU staff “volunteers”

        • 7 days in Dec./Jan. for “Training the Trainers”

        • SECU staff we train will then train additional SECU staff

        • Expect to have a “FAFSA Day Central” phone bank for questions volunteers cannot answer


    Training and outreach report high school counselor workshops

    Training and Outreach Report – High School Counselor Workshops

    • NCSEAA/College Board

      • Annual Financial Aid Training

      • 415 counselors at 4 workshops

    • NCSEAA/CFNC

      • Annual Financial Aid Training

      • 130 counselors at 2 workshops

    • Davidson College/NCSEAA – “Financial Aid 101”

      • 300 counselors at 5 workshops

        Thanks to Robbie Schultz and SEAA staff


    State update

    CFNC Update


    Cfnc statistics

    CFNC Statistics

    • College going rate compared to other states

      • In 1999, as CFNC was launched, North Carolina ranked 38th, at 21.3%, below the national average of 27.7%, in college participation rate of low income students

      • In 2008, North Carolina ranked 22nd, at 26.2%, above national average of 25.7%, in college participation rate of low income students

      • From 1999-2008, college enrollment of low income students in North Carolina increased by 4.9 percentage points, while nationally their enrollment actually decreased by 2.0 percentage points


    Cfnc statistics1

    CFNC Statistics

    CFNC free user accounts created:

    YearAnnualCumulative

    06-07 429,7681,663,108

    07-08491,1632,154,271

    08-09571,2472,725,518


    Cfnc statistics2

    CFNC Statistics

    Visitor count and duration of visits on CFNC website:

    YearUnique DailyAverage Visit

    VisitorsDuration

    06-078,062 11.5 minutes

    07-0810, 393 13 minutes

    08-09 11,343 12 minutes


    Cfnc statistics3

    CFNC Statistics

    Number of college applications filed using CFNC:

    YearApplications for Admission

    06-07249,692

    07-08309,482

    08-09396,940


    Cfnc statistics4

    CFNC Statistics

    Number of high school transcripts sent to colleges:

    YearTranscripts Submitted

    06-0713,932

    07-0840,872

    08-0960,042


    Cfnc statistics5

    CFNC Statistics

    Awareness of the service among parents and students:

    YearPrompted Awareness Percentages

    2001 students: 33%

    2002students: 83%

    2004 students: 84%

    parents: 81%

    2006students: 93%

    parents: 88%


    Cfnc statistics6

    CFNC Statistics

    Attendance at special events:

    YearFAFSA Day

    06-07 3,076 students, 559 volunteers, 52 sites

    07-083,600 students, 650 volunteers, 56 sites

    08-094,500 students, 750 volunteers, 65 sites

    YearCollege Admissions Week

    06-07 1,038 applications, 876 students,

    15 high schools

    07-0821,445 applications, 12,808 students,

    109 high schools

    08-0937,903 applications, 19,356 students,

    293 high schools


    Cfnc statistics7

    CFNC Statistics

    Outreach visits to middle and high schools:

    YearVisits and Presentations

    06-072,821 visits/presentations

    07-082,764 visits/presentations

    08-092,740 visits/presentations

    Calls and emails to the CFNC Call Center in Raleigh:

    YearCalls and Emails Received

    06-07112,436 calls

    07-08135,044 calls; 12,964 emails

    08-09156,241 calls; 13,496 emails


    Cfnc statistics8

    CFNC Statistics

    Increases in applications/enrollments of needy students:

    YearNC FAFSAsPell Grant Recipients

    06-07224,302139,904

    07-08236,492147,629

    08-09274,318not yet available


    State update

    FAFSAs in North Carolina over time


    State update

    North Carolina FAFSA Filers, 2003-04 through 2009-10


    State update

    North Carolina FAFSA Filers by Sector,

    2009-10 Year to Date


    529 savings program update

    529 Savings Program Update

    • Investments exceeded $500 million on October 19

    • 71,222 accounts as of October 26, 2009

      • 18.1% increase since October 31, 2008

    • 13 investment options available:

      • 3 age-based;10 individual funds

      • 11 Vanguard funds; 2 North Carolina Managers

        • NCM Capital Management

        • NC State Treasurer

  • North Carolina state tax deductible contributions

    • $5,000 on joint return; $2,500 individual

    • No income limit


  • State update

    Cohort Default Rates

    About 915 additional borrowers per year would default if our rate were only the national average!

    YearSEAA RateNational Average


    Impact of potential federal legislation on north carolina

    Impact of Potential Federal Legislation on North Carolina

    • What has the FFEL Program Paid for in North Carolina?

      • Loans

        • higher level of service/default prevention

        • lower prices for borrowers

      • Grant Administration – all state grants at SEAA and CFI

      • Saving Administration – NC 529 Program

      • Outreach

        • CFNC web and telephone services

        • FAA and Counselor Training

        • Counselor Internships

        • FAFSA Day

        • And more


    An uncertain future change is inevitable except from vending machines

    An uncertain future:Change is inevitable…except from vending machines

    Your State agency and non-profit expect to to be here for you and your students

    Advice: be ready for Direct Lending for next year in case it is forced upon you

    Request: keep your FFEL powder dry in case you do get a choice

    can support the State’s services

    while helping your borrowers


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