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LASFAA Fall Conference October 27, 2011. Presented By: Melanie Amrhein Executive Director. State Programs Update. TOPS GO Grant Early Start State Matching Funds Grant GA Functions LAConnect. TOPS Funding By State Fiscal Year as of 8/4/2011.

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slide1

LASFAA Fall Conference

October 27, 2011

Presented By:

Melanie Amrhein

Executive Director

state programs update

State Programs Update

TOPS

GO Grant

Early Start

State Matching Funds Grant

GA Functions

LAConnect

tops funding by state fiscal year as of 8 4 2011

TOPS FundingBy State Fiscal Year as of 8/4/2011

The 2011-12 data is current appropriation subject to change if a constitutional amendment passes in October 2011.

slide4
TOPS
  • 2010-11 Appropriation
    • Grad Act - Tuition
    • Funding Source
  • Core Curriculum Changes
    • Graduates of 2014
    • 19 Credits
  • Governance Commission
    • Merit vs Need
  • Potential Legislative Actions
    • AwardAmounts
go grant
GO GRANT
  • 2011-12 Award Year
    • $26,429,108 (same as 2010-11)
    • School Allocations and Deadlines
    • 5th Year Cohort
    • Projecting 30,000 Eligibles
    • $1,000 Full Time Annual Award Amount
  • 2012-13 Budget Request
    • Fully Fund Program at $51,737,333
    • Continue to allocate to campuses
  • New Methodology is Under Consideration
    • Need vs Merit – BOR Study
research questions pell study
Research questions: Pell Study
  • How does the level and mix of financial assistance affect fall-to-fall same school student retention in Louisiana among Pell Grant recipients?
  • Can we observe differences in the retention of Pell Grant recipients versus students in other financial classifications (needy non-Pell recipients and no-need students)?
research questions pell study1
Research questions: Pell Study
  • Can we identify flex points in the size and composition of financial aid awards where additional dollars yield diminishing or no returns? Can we help Louisiana package aid more efficiently by eliminating “overpayment” to some students and shifting that money to students who might otherwise be inclined to drop out?
research questions pell study2
Research questions: Pell Study
  • How does the GO Grant interact with the Pell Grant in terms of impact on student retention?
  • What is the best use of the state’s financial aid investment in TOPS Scholarships and GO Grants?
slide11

Increasing the gift percentage from <30 percent to 55-<60 percent corresponds to a 26 percentage point increase in the retention rate, while increasing the percentage of need met with gift aid from 55 to <60 percent to 70-<80 percent increases retention by only 4 points.

slide12

Adding the Go Grant alone increases the percentage of need met with gift aid by 14 percentage points and provides a 5.6 percentage point improvement in retention

All pairwise comparisons of means are significant except for retention rate between Pell+TOPS and Pell+GO+TOPS

simulation parameter
Simulation parameter
  • We repackaged student’s GO Grants in the range of $0 to $4,000 with a target of meeting 55 percent of need with gift aid
  • In some cases, $4,000 grants were not sufficient to bring a group of students up to the 55 percent of need met w/gift target
  • In other cases, totally eliminating their GO Grants did not bring them down to the 55 percent
  • We took the resulting financial aid package for each subset and estimated a new retention rate based on actual historical behavior of students who had received that level of financial assistance with that level of academic preparation
the simulation results show that you could increase retention and it would be cost neutral
The simulation results show that you could increase retention and it would be cost-neutral*

* The simulation at 55% actually projected a two-year savings of $780,000

2012 13 go grant framework
2012-13 GO Grant Framework
  • Allocation to School Based on Pell Eligible Enrollment from Prior Year
  • First Consider Student’s Eligibility for State and Federal “Gift Aid” Programs, i.e. Pell, SEOG, TOPS
  • If the Combination of these Programs does Not Meet the 55% Threshold, GO Can be Added up to that Threshold.
  • Institutional Aid May be Added Beyond the 55% Threshold
  • Institutions May Implement a Common Award Amount across all COA, Based on COA Categories or Packaged Individually
  • Annual Award Amounts May Range from $500 to $4000
financial need living on campus 2011 12
Financial NeedLiving on Campus – 2011-12

Max Pell + TOPS Max Pell

COA $ 15,499 $15,499

- EFC * $ 0 $ 0

= Financial Need $ 15,499 $15,499

  • Pell Grant $ 5,550 $ 5,500
  • TOPS + Stipend $ 4,278 (63.4%) $ 0 (35%)

=Remaining Need $ 5,671 $ 9,999

- Go Grant $ 0 $ 3,000 (54.8%)

Remaining Need $ 5,671 $ 6,999

55% of need = $8,524

financial need living on campus 2011 121
Financial NeedLiving on Campus – 2011-12

Min Pell + TOPS Min Pell

COA $ 15,499 $15,499

- EFC * $ 5,273 $ 5,273

= Financial Need $ 10,226 $10,226

  • Pell Grant $ 555 $ 555
  • TOPS + Stipend $ 4,278 (47%) $ 0 (5.4%)
  • Remaining Need $ 5,393 $ 9,671

- Go Grant $ 800 (55%) $ 4,000 (50%)

Remaining Need $ 4,593 $ 5,671

55% of need = $5,624

how can schools package go within framework
How Can Schools Package Go Within Framework
  • Identify Challenges
  • Work Towards Common Solutions
  • Advisory Committee Can Take Lead
  • Task Force Could Be Created
  • LOSFA Can Lend Some Technological Support
early start expenditures and recipients
Early Start Expenditures and Recipients

As of August 4, 2011

$ in Millions

Students

Notes:

(1) The 2008-2009 data only includes state funding for the first half of the year and does not include the cost of the program for the second half of the year that was assumed by the participating colleges and universities.

(2) The 2011-12 Academic Year data shows the amount appropriated and projected to be expended for the year and the projected number of recipients.

early start
Early Start
  • 2011-12 Award Amount Paid for Technical Courses was revised back to $100 per credit hour
  • School Allocations
  • HCR 23 requests a comprehensive study of all dual enrollment programs funded by the state. The results will influence framework changes especially as they relate to TOPS Tech ES and ES.
  • Automation of Early Start Application
    • April, 2012
    • Via LAConnect
  • 2012-13 Appropriation
    • Request $6,000,000
state matching funds grant
State Matching Funds Grant
  • State Portion of LEAP/SLEAP Program that Remained in Budget for AY 2011-12
  • Framework Kept Consistent with Former Program
  • Remains in Continuation Budget for 2012-13
  • Future Uncertain
    • Could go back to State General Funds
    • Could be utilized to Supplement GO
    • Could Continue as Separate Line Item in Budget
losfa past present and future
LOSFAPast, Present and Future
  • Past
      • 45 years as designated Guarantor for LA under FFEL
  • Present
    • Providing services for outstanding loan portfolio
    • Default Prevention, Delinquency Aversion and Default Recoveries
  • Future
    • Provideservices to WDF borrowers
    • Operate under Voluntary Flexible Agreement with USDE
federal register and solicitation of proposals
Federal Register and Solicitation of Proposals
  • Federal Register issued May 31, 2011
  • Authorizes and Encourages Guaranty Agencies to Submit Proposals for Services under Voluntary Flexible Arrangements (VFA)
  • Solicitation of questions to Federal Register requested by June 9, 2011
  • Conference call with USDE on questions held June 13, 2011
  • Deadline for submission of proposals was August 1, 2011
ga responsibility areas
GA Responsibility Areas
  • GA Responsibility Area I
    • Lender Claims Review/Payment and Default Collections
  • GA Responsibility Area II
    • Delinquency and Default Prevention and Management
  • GA Responsibility Area III
    • Community Outreach, Financial Literacy and Debt Management, School Training and Assistance, and School Oversight
  • GA Responsibility Area IV
    • Lender and Lender Servicer Oversight
losfa s decision
LOSFA’S DECISION
  • Enter into VFA arrangement with consortium of agencies with similar structure (i.e. state agencies)
    • State-designated College Access and Student Success Agencies (SCASSA)
      • Twelve state agencies
      • Develop Common Platform
      • Default Prevention, Financial Literacy/Outreach, Lender Review
    • Eagle Users Consortium
      • Five agencies currently on Eagle (SallieMae) platform
      • Default Prevention, Financial Literacy/Outreach, Lender Review
fao communication
FAO Communication
  • Advisory Committee
    • 2011-12 New Representatives
  • Bulletins/Blast E-mails
    • Program Announcements/Changes
  • System Feedback Loop
    • FAO Feedback
  • Training Webinars
    • Provided by Scholarship/Grant and Information Technolgy