Embed Size (px)
Citation preview
Financial Aid BudgetBFAP Overview 2009-2010
Nohemy Ornelas
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.
Funding History
2002/2003 Budget Cuts
Increase of enrollment fees 2003/2004
$38 million was set aside for BFAP-SFAA
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
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
Current Allocation
2009/2010 BFAP Allocation:
$374,830
Maintenance of Effort (MOE):
Specific dollar amount requirement to be met to maintain BFAP funding.
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%)
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
2008/2009 Program Validation
Award Type Number of Recipients Total Amount Disbursed
Pell Grants 1487 $ 4,075,914
BOG Fee Waivers 5391 $ 1,560,190
Cal-Grants/State Grants 391 $ 367,777
ACG/FSEOG Grants 383 $ 210,226
Loans 856 $ 2,669,124
Scholarships 344 $ 344,267
FWS 63 $ 133,859
TOTAL 8915 $ 9,361,357
Comparison
2008/2009
7,727(FAFSA) forms were processed
2009/2010
7,594 (FAFSA) forms were processed as of 12/15/09
