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Financial Aid Budget BFAP Overview 2009-2010

Financial Aid Budget BFAP Overview 2009-2010. Nohemy Ornelas. Mission Statement.

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Financial Aid Budget BFAP Overview 2009-2010

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  1. Financial Aid BudgetBFAP Overview 2009-2010 Nohemy Ornelas

  2. Mission Statement The financial Aid Office seeks to support educational access by disseminating information on educational funding sources to students and potential students and by facilitating the application and delivery process. 

  3. Funding History • 2002/2003 • Budget Cuts • Increase of enrollment fees • 2003/2004 • $38 million was set aside for BFAP-SFAA

  4. Purpose of Funding • Increase awareness and participation in student financial aid programs • Increase low-income and disadvantaged student participation • Assist students, prospective students and their families in overcoming financial barriers

  5. Allowable Uses of Funding • Financial aid professional, technical, clerical and/or temporary staff • Expenses associated with staff training • Development and production of financial aid outreach events and materials • Computer hardware or software necessary for and solely dedicated to the delivery of student financial aid

  6. Current Allocation 2009/2010 BFAP Allocation: $374,830 Maintenance of Effort (MOE): Specific dollar amount requirement to be met to maintain BFAP funding.

  7. Positions Funded by BFAP • (1.5) Financial Aid Clerk II – (1bilingual) (50/25%) • (2) Financial Aid Technicians (1bilingual) (100%) • (1.5) Financial Aid Specialist (100/50%) • (1) Financial Aid Technical Support Specialist (100%) • (2) ESL Recruiters (25%)

  8. Reporting Chancellor’s Office must provide a series of reports to the legislature on the use of funds provided in the BFAP augmentation and the effect on enrollment and Financial Aid participation, including: • Effect on student Financial Aid participation as measured by APPLICATION and AWARD VOLUME (to include counts of eligible Pell Grant recipients and Board of Governor Fee Waivers) • Comparison of system-wide enrollments • Cost and specific types of contacts association with the increased Financial Aid outreach

  9. 2008/2009 Program Validation

  10. Comparison 2008/2009 2009/2010 7,594 (FAFSA) forms were processed as of 12/15/09 7,727(FAFSA) forms were processed

  11. Questions? Nohemy Ornelas nohemy_ornelas@cuesta.edu 805-546-3100 x 3143

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