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Campus Based Programs. April Gonzales UTSA. TUNE-IN. Agenda for this session Federal Supplemental Educational Opportunity Grant (FSEOG) Federal College Work-Study (FWS) Federal Perkins Prepare you for the 2011 BRAIN BOWL!. Tune-Up. Campus-Based Programs Funds managed by the institution
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Campus Based Programs April Gonzales UTSA
TUNE-IN • Agenda for this session • Federal Supplemental Educational Opportunity Grant (FSEOG) • Federal College Work-Study (FWS) • Federal Perkins • Prepare you for the 2011 BRAIN BOWL!
Tune-Up • Campus-Based Programs • Funds managed by the institution • Matching requirements (75/25): waived for Hispanic serving institutions • 25% transfer option from FWS or Perkins to FSEOG • 3-5% Administrative allowance to offset costs • The e-Campus-Based System • Required FISAP reporting • Report previous year’s expenditures • Request funds for the next year • Due no later than October 1st each year
Requirements Enrollment • Campus based aid does not require the student to be at half-time • Does not apply to teacher certification or professional credential program NEED • All three programs require student to reflect need
Federal Supplemental Educational Opportunity Grant • FSEOG Eligibility • Undergraduate students only • First time bachelor’s degree • Reasonable portions to non-traditional students • Exceptional need • Award in EFC order (start with $0) • PELL recipients given priority
FSEOG • FSEOG Awards • $100 annual minimum • $4000 annual maximum • $4400 annual maximum for approved study abroad programs Federal Update: Cuts to SEOG by $20 million, with an additional 0.2 percent cut on top of that
Federal Work-Study • Eligibility • Financial need • Eligibility for other federal programs • Undergraduate or Graduate • No minimum • Maximum award is $4,500 • Cannot exceed financial need • Consider hours of employment and wage earned • Periods of non-attendance • Summer • Must enroll for next regular session • Earnings must be counted in next term’s aid package
Federal Work-Study • Eligible Employers • On Campus – 75% federal share: institutional match is waived for Hispanic serving • Government/Non-profit agency – politics and lobbying prohibited – 75% federal share • Private, for-profit agency • Max of 25% of FWS allocation per year • Must be related to major • 50% federal share
Federal Work-Study • Eligible Employers – cont • Community Service • 7% of FWS allocation • Health care, child care, education, literacy training, or social services • 75% federal share • No Child Left Behind • Reading tutors of pre-school aged children • 100% federal share
Federal Work-Study • Non School Employers • Contract must be drafted, approved and signed before student begins work • Contract should clarify: • Employer • Who will pay student • Who will pay benefits (unemployment, workers comp, etc.)
Federal Work-Study • Conditions • Must be paid at least minimum wage • Current- $7.50 • Cannot displace regular employees • Must be paid all hours worked • Cannot be paid for receiving classroom instruction • Must be paid at least once a month • Wages paid to student or can be paid toward student account
Federal Work-Study • In the event of a major disaster, an eligible school located in any area affected by such major disaster • Continue to make FWS payments to disaster-affected students, for the period of time (not to exceed one academic year)
Federal Work-Study • FWS Overawards • $300 overaward tolerance for all campus-based programs • Tolerance is allowed only if overaward occurred after campus-based aid has been packaged. • Report FWS earnings on the FAFSA • Questions 43c. / 91c.
Perkins • Perkins Eligibility • Undergraduate or Graduate students • Exceptional financial need (as defined by school) • Entrance and Exit interviews required
Perkins • Perkins Loan Limits • Undergraduate • $4000 annual limit • $20,000 lifetime aggregate • Graduate students • $6000 annual limit • $40,000 lifetime aggregate • $8000 limit for first 2 years of academic work
Perkins • Interest Rate • 0% in school • Fixed, simple 5% out of school • 9-month grace period • 10 year repayment • Deferments, forbearance, and cancellations available
Perkins • Perkins Deferments (no interest) • In school • Attending graduate fellowship program • Graduate or post-graduate study outside US (Fulbright scholar) • Rehabilitation training programs for disabled persons • Seeking but unable to find employment (up to 3 years) • Economic hardship (up to 3 years)
Perkins • Perkins Forbearance (interest accrues) • Temporary postponement of payments, extension of time for making payments, OR acceptance of smaller payment amounts • Economic hardship or lengthy illness • Request in writing with supporting documentation • Not to exceed 3 years
Perkins • Perkins Cancellation • Teaching • Low income school or high need subject matter (math, science, foreign language, special education) • Head Start programs/early intervention child care • Up to 100% • Health care services – up to 100% • Law enforcement – up to 100% • Armed Forces/Peace Corps service • 50% for armed service in hostile area • 70% for Peace Corps service
Know your Resources • IFAP- Student Aid Handbook Vol. 3 Chapter 7 Awarding Campus-Based Aid • Dear Colleague Letters • GEN-11-02 • The eCampus-Based System • https://cbfisap.ed.gov/ecb/CBSWebApp/
Are You Ready to Compete? IT’S TIME FOR THE BRAIN BOWL Get ready to Rock It Out!