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WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

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Page 1: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

WELCOME TO THE

2011 High School Counselor Financial Aid

Update

October 28, 2011

Page 2: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Mark Delorey,

Webcast Moderator

Director of Financial Aid

Western Michigan University

Page 3: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

2011 Host Sites• Adrian College• Albion College• Alpena Community College• Baker College – Cadillac• Baker College - Muskegon • Bay-Arenac ISD Career Center• Bay de Noc Community College• Central Michigan University• Cleary College – Howell• Concordia – Ann Arbor

Page 4: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

2011 Host Sites

• Glen Oaks Community College• Gogebic - Ontonagon ISD• Grand Valley State University• Kalamazoo College• Kirtland Community College• Lake Superior State University• Marygrove College• Michigan State University• Michigan Tech University

Page 5: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

2011 Host Sites

• Mott Community College• North Central Michigan College• Northern Michigan University• Northwestern Michigan College• St. Clair County Community College• Southwestern Michigan College• University of Michigan – Dearborn • Wayne State University• West Shore Community College

Thank you to all site coordinators, contact people, and tech coordinators for serving as a host site for the financial aid update webcast.

Page 6: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Federal Update

Val MeyersAssociate Director

Michigan State UniversityOffice of Financial Aid

Page 7: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What is Federal Financial Aid?• Grant Programs

– Pell Grant– Supplemental Educational

Opportunity Grant• Work Study Program• Loan Programs

– Perkins Loan– Federal Direct Stafford Loans– Parent Loans for Undergraduate

Students (PLUS) • Mixed Type

– TEACH Grant

Page 8: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What’s New for 2012-13• The IRS Data Retrieval process that began last year is

required for applicants selected for verification in 2012-13

• Families who submit the FAFSA before filing their taxes will need to go back and complete the data match after taxes are filed Otherwise, will need to supply a tax transcript from the

IRS as copies of filed returns will no longer be accepted

• IRS Data Retrieval not active for: Families filing as married – filing separately Residents of territories: Puerto Rico, Guam, etc. Filers who revise their 1040 (1040X)

Page 9: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

More Changes for 2012-13

• Year Round Pell is no longer available – students attending summer may still receive “leftover” Pell

• New regulations will affect students who are not making Satisfactory Academic Progress

• Other new regulations to strengthen Program Integrity of the financial aid process

– Limits repeated courses

– Ensures consumer information is disclosed on programs of study, student debt, placement rates, etc.

Page 10: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

And More Changes…

• All schools are required to have a “Net Price Calculator” on their web sites as of October 29, 2011

• The Net Price Calculator allows students to calculate how much they will pay (approximately) at the school– School supplies info on cost and general gift aid for

students in the family’s income range– Cost minus gift aid equals “Net Price”– The family can then compare net price for the

school(s) they are considering

Page 11: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Free Application for Federal Student Aid (FAFSA)

• Initial step in the application process

• Core document to apply for financial aid

• Used to calculate an Expected Family Contribution (EFC)

• Confirms certain eligibility requirements

Page 12: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

FAFSA

• Cannot submit earlier than January 1, 2012

• Valid for periods beginning summer 2012 and ending after summer 2013, but generally not more than 12 months

• No fees

Page 13: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

How to Apply

The FAFSA

• Paper application: Sent via US mail

• FAFSA on the Web: Filed online using worksheet

Page 14: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Completing the Paper FAFSA• Only 5% file paper

FAFSA• Paper FAFSA only

available through download at federal Web site or by calling

1-800-4-FED-AID• Completed and mailed to

the federal processor• Takes 2 - 4 weeks

processing time

Page 15: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Completing FAFSA on the Web-FOTW

• More than 95% of FAFSAs are now filed online

• Parents with more than 1 college student can transfer data from original application to others

• Faster turnaround; more accurate

• www.fafsa.gov

Page 16: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

FOTW Worksheet

• Families can use time wisely by completing a worksheet before accessing FOTW

• Available on website- www.fafsa.gov

• View a draft of the worksheet on the Web at the URL below

www.ifap.ed.gov - Click on FAFSAs and Renewal FAFSAs link under Publications

Page 17: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Reasons to File Electronically• Built-in edits to prevent costly errors• Skip-logic allows student and/or parent to skip

unnecessary questions• More timely submission of original application

and corrections• More detailed instructions and “help” for

common questions• Ability to check application status online• Allows IRS Data Retrieval process

Page 18: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tips for Students

• Apply for admission to college/university

• Submit FAFSA as soon after January 1, 2012, as possible

• Follow-up when college/university requests information

• FAFSA states Pell grant eligibility amount, but college/university makes final determination of aid offers and amounts

Page 19: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What Data Are Required?

Step 1: Student demographic information

Step 2: Student financial information

Step 3: Dependency status questions

Step 4: Parent financial information

Step 5: Independent student household information

Step 6: List of colleges to receive results

Step 7: Signatures and certifications

Page 20: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

How The Data Are Used• In a statutory formula

called the Federal Methodology

• Looks at income, assets, and size of family to determine family’s “ability to pay” for education

• Result is called the Expected Family Contribution (EFC)

• Cost of Attendance (determined by the school) minus EFC equals Need

Page 21: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Who is the Parent When Completing the FAFSA?

• If the parents are both living and married to each other, answer the questions about both of them.

• If the parent is widowed or single, answer the questions about that parent only. If the widowed parent has remarried as of today, answer the questions about that parent and the person to whom the parent is married.

Page 22: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Who is the Parent When Completing the FAFSA?

• If the parents have divorced or separated, answer the questions about the parent the student lived with most in the last 12 months. If the student did not live with one parent more than with the other, answer about the parent who provided the most financial support during the last 12 months or during the most recent year that the student was supported by a parent. If this parent has remarried as of today, answer the questions about both that parent and the person to whom the parent is married.

• If the parent is widowed or divorced and has remarried, answer the questions about both that parent and his or her current spouse. The marital status of the student's parents in this case is "married/remarried."

Page 23: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Independent Student Criteria

• Born before January 1, 1989

• Enrolled in a graduate program

• Married

• Veteran of the U.S. Armed Forces or currently serving on Active duty in the US Armed Forces for purposes other than training

• Has child(ren)/dependents for whom he/she provides more than half support

• Both parents are deceased

Page 24: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Independent Student Criteria

• Is/was an orphan, ward of the court or in foster care at any time since student turned age 13

• Is/was an emancipated minor as determined by a court in state of legal residence

• Is/was under legal guardianship until age 18, as determined by a court in state of legal residence

• Is/was an unaccompanied youth who was homeless or at risk of being homeless

– Most high school students will not be independent but, in extraordinary circumstances, the college aid administrator can override dependency. Contact the college aid office for help.

Page 25: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Special Exceptions

• Student’s parents refuse to provide information for FAFSA

– Student can borrow an unsubsidized Stafford loan only - must document with college or university

• Student doesn’t have contact with parents due to estranged relationship or other circumstances (possible dependency override)– Documentation required - must contact financial

aid office at college/university

Page 26: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Student Financial Aid (SFA) PIN

• Sign FAFSA electronically

• Can request PIN before January 1, 2012

• Name, SSN, DOB match with Social Security Administration

• Real time PIN to be issued and confirmed after use

• May be used by students and parents throughout aid process, including subsequent school years

www.pin.ed.gov

Page 27: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

If No PIN: Signature Options

• Print signature page and submit within 14 days

• If signature page not received by Central Processing System within 14 days, student receives rejected Student Aid Report (SAR)

• Rejected SAR must be signed and submitted

Page 28: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

FAFSA Processing Results

• Central Processing System notifies student of processing results by:

• E-mail notification containing a direct link to student’s online Student Aid Report (SAR) if student’s e-mail was provided on paper or electronic FAFSA

• Student with PIN may view application online at www.fafsa.gov

Page 29: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

How Aid is Awarded• Schools use the FAFSA data to calculate aid for the

student

• Cost of Attendance at the school– Direct costs – billed by the school, such as tuition and

fees (and room and board if the student lives on campus)

– Indirect costs – transportation, books & supplies, housing and food if lives off-campus

• COA – EFC = Need

• Some schools award only to fill need, others award with both need-based and non-need based aid to meet COA

Page 30: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Corrections on the Web

• If the student discovers an error, or needs to update tax data, can use regardless of whether original application was paper or electronic

• Student’s PIN required to access

• Parents must have PIN to correct parent information

• Pop-up message will appear when student tries to correct transaction already corrected by a school

• Can use Corrections on the Web to retrieve tax data after filing return

Page 31: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Other Important Tips for Students

• Encourage students to submit the FAFSA between January 1 - March 1, 2012.

– Due to economic circumstances in Michigan, colleges/universities have experienced an increase in financial aid applications.

– Submitting the FAFSA after high school graduation is considered late by most schools.

– Student may not have funds available when classes start if they apply late.

• Respond promptly to requests for information.

• Delays can mean losing funds for which the student may be eligible.

Page 32: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Special Circumstances

• Change in employment status after filing FAFSA

• Medical expenses not covered by insurance

• Change in parent’s marital status after filing FAFSA

• Unusual dependent care expenses

Page 33: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

• These cannot be reported on the FAFSA

• Parents or student should send an explanation to financial aid office at each college or university

• College will review special circumstances

• College may request additional

documentation

Special Circumstances

Page 34: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Supplemental Forms

• Institutional application

• Stafford loan request form

• Parent (PLUS) Loan application

• CSS Financial Aid PROFILE

(school aid)

Page 35: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Warning to Your Students:Don’t Get Hooked by Misleading

Scholarship Offers

• College aid offers are everywhere

– Internet– Mail– Newspapers– Magazines– Telephone

Page 36: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Warning Signs of Scam

• High application fees

• Guaranteed winnings

• Everybody is eligible

• Masquerading as federal agency

• Claims of government approval

• Time pressure

• Unusual requests for personal information

• http://www.ftc.gov/scholarshipscams

Page 37: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Counselor Resources• National Association of Student Financial

Aid Administrators (NASFAA)– www.nasfaa.org– Counseling Tools

• Student Aid on the Web– www.studentaid.ed.gov

• FSA for Counselors– http://ifap.ed.gov/FSACounselors/clcf/main.html

• Online information for middle school, high school and TRIO counselors (see next page)

Page 38: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Counselor Resources

Page 39: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Anne Wohlfert, Director

State of Michigan Scholarship and Grant Programs

Page 40: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

List of Active Programs

Academic Year 2011-12

• Tuition Incentive Program

• Michigan Competitive Scholarship

• Michigan Tuition Grant

• Children of Veterans Tuition Grant

• Police Officers and Firefighters Survivor’s Tuition Grant

Page 41: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

OSG will also administer two Federally Funded Programs:

• GEAR UP Michigan! Scholarship

• GEAR UP College Day Scholarship

Page 42: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

Tuition Incentive Program (TIP) $43,800,000

Michigan Competitive Scholarship (MCS)

18,361,700

Michigan Tuition Grant (MTG) 31,664,700

Children of Veterans Tuition Grant (CVTG) AND

Police Officers and Firefighters Survivors Tuition (STP)

1,200,000

Total State Funds $95,026,400

Page 43: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

GEAR UP Michigan!

Scholarship

$1,500,000

GEAR UP College Day Scholarship

1,500,000

Total Federal Funds $3,000,000

Page 44: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

• State Funds = $95,026,400

• Federal Funds = 3,000,000

• Grand Total = $98,026,400

Page 45: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tuition Incentive Program (TIP)

• Eligible students must have been eligible for Medicaid for 24 months within a 36 consecutive month period.

• Must submit application prior to high school graduation or GED and before age 20.

• Pays a maximum of 24 semester or 36 term credits per academic year.

Page 46: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tuition Incentive Program (TIP)

Pays mandatory fees up to $250 per semester/term

Allowable fees:– Technology– Registration/Enrollment– Student Activity/Student Services

Page 47: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tuition Incentive Program (TIP)

• Student must enroll within four years of high school graduation or eligibility is forfeited.

• Student must fully utilize eligibility within ten years or eligibility is forfeited.

Page 48: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tuition Incentive Program (TIP)

• High School Graduates

– Diploma or “Other Certificate” IS acceptable for eligibility for the Tuition Incentive Program

– OSG will follow the Business Rules on who is a “graduate” agreed upon by MDE and CEPI

– TIP is last dollar

Page 49: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Tuition Incentive Program (TIP)

• NEW – Incarcerated students are no longer eligible to participate in TIP

• Promise Zones – “special treatment” for TIP

• Community Groups – look-up assistance

• Look-ups for Seniors only

• College Goal Sunday is February 12, 2012. Flyers will be sent with Senior reminder letters.

Page 50: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Competitive Scholarship (MCS)

• Academic Year 2011-12 – Class of 2011

• Based on ACT Score (sum of 90) and Financial Need per the FAFSA

The State modifies the EFC to leverage its dollars

Page 51: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Competitive Scholarship (MCS)

• Maximum Award amount is set each year by the Michigan Department of Treasury. This year’s maximum award is $575.

• Awards are pro-rated for ¾ and ½ time enrollment.

Page 52: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Tuition Grant (MTG)

• Based on Financial Need only

• FAFSA is source of analysis

• Available at independent non-profit institutions only

Page 53: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Tuition Grant (MTG)

• The current year maximum award is $1,512.

• Awards are pro-rated for ¾ and ½ time enrollments.

• Students cannot get an MTG and an MCS at the same time.

• MCS students at a private institution may receive a supplemental amount from the MTG fund.

Page 54: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Competitive Scholarship (MCS) Class of 2012

• OSG will send rosters to each high school in Oct/Nov. These rosters include only students who tested through September 2011 and for whom we have no social security numbers. It is NOT a complete list of your qualifiers.

• A complete list of qualifiers and a template for a certificate will be sent in a separate mailing in the Spring.

Page 55: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Children of Veterans Tuition Grant (CVTG)

Natural or adopted child (no grandchildren) of a veteran who is permanently and totally disabled or deceased due to service connected causes or is listed as missing in action in a foreign country.

– Pays up to $2,800 per year regardless of need

Page 56: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Police Officers and Firefighters

Also known as the Survivors Tuition Program (STP)

Waives tuition for child or spouse of deceased Officer or Firefighter who died as a result of work related traumatic injury

Financial Need is a factor

Page 57: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

• OTHER Award – Michigan Merit Award (for students from Classes of 2000-2006).

• Students who have entered the military are eligible to defer their Merit Award payments until they exit the service or September 30, 2017, whichever comes first.

• OSG will make payments to any eligible students who document military service.

Page 58: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

NOTE:

• All programs are subject to approved and available funding.

• Maximum award amounts may fluctuate from one year to the next based on funding limitations.

Page 59: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

• Anne Wohlfert, Director

517-373-0458

• Carla Foltyn, Deputy Director

517-335-1790

Page 60: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

OSG Professional Staff

• GEAR UP Flora Boles 5-2882• CVTG Kathy Welch 3-7120• TIP Kathy Welch 3-7120• MCS/MTG Marion Seelman 1-3106• MNS Nancy Vaughn 3-1871• TCLI Nancy Vaughn 3-1871

Call toll-free and ask for these extensions

Page 61: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Office of Scholarships and Grants

• Toll-free:1-888-4-Grants (1-888-447-2687)

• E-mail:[email protected]

• Web:www.michigan.gov/osg

Visit the Web for Program Procedures Manuals and Fact Sheets

Page 62: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Education & Training Voucher (ETV) Program

Lutheran Social Services of Michigan

Jennifer Maurer,

ETV Coordinator

Page 63: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Education and Training Voucher (ETV) Program

• Part of the Foster Care Independence Act (Chafee Act)- enacted in 2004 in Michigan

• Federal and State money to assist with youth aging out of care with post secondary educational and vocational programs

Page 64: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

ETV Eligibility

•Foster youth or former foster youth.

•Current or former delinquency case youth placed in an eligible child care placement* under supervision of DHS.

MAY INCLUDE: licensed foster family homes, relative provider homes, group homes, emergency shelters, licensed child care institutions, pre-adoptive placements, independent living placements.

MAY NOT INCLUDE: any public or private high security facility, a public child care institution for more than 25 children,

detention facilities, forestry camps, training schools, or facilities operated primarily for the detention of children, jail.

Page 65: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

• Must have been in care on or after 14th birthday.

• If adopted from care on or after their 16th birthday.

• Must have a High School Diploma or GED.

• Must attend an accredited college, university, or training program at least half-time.

• Must receive their first ETV before 21st birthday.

ETV Eligibility

Page 66: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

ETV Fiscal Year 2012

• Provide up to $5000 per fiscal year to assist with college and living expenses– Award amount is determined on full-time or part-time

status.– Award amount must be split between two semesters.

• Full-time students: $2500 per semester• Part-time students: $1250 per semester

• Distribution of Award– If student owes money in tuition or wants to pay on

loans, that amount is sent directly to the school.– Remaining amount may be put towards rent,

transportation, computer, and other approved educational expenses.

Page 67: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

How to Apply for ETV

• Step: 1– Students must complete the FAFSA application

at www.fafsa.ed.gov• DHS 945 Verification of State/County Ward

• Step: 2– Complete ETV application

• Application can be found at:

www.mietv.lssm.org• Or, requested from foster care worker• Or, requested from ETV office (877)660-6388

Page 68: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Re-Applying for ETV• A student may be awarded twice each Fiscal Year

(October 1 – September 30).

• When re-applying the next fiscal year, the student must complete the entire application process again.

• The student must include receipts to show how the previous ETV was spent.

• Student must be maintaining a 2.0 cumulative GPA or above.

• Student cannot withdraw or have an incomplete from more than 1 class each semester.

• Student continues to be eligible until 23rd birthday.

Page 69: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

ETV Contact Information

Send completed application to:

LUTHERAN SOCIAL SERVICES OF MICHIGAN

ATTENTION: ETV

209 E. WASHINGTON AVE., SUITE 284

JACKSON, MI 49201

•Toll Free: (877) 660-6388

•Or Fax to: (517) 789-6809

or

Page 70: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

ETV Contact Information

You can contact ETV office by email at:

[email protected] Jennifer Maurer,

ETV Coordinator– [email protected] Tanya Maki,

ETV Case Manager– [email protected] Reco Spencer,

ETV Case Manager

Find Michigan ETV Program

on

Page 71: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

EVT Additional Information

Additional Material will be available:

•Education and Training Voucher (EVT) Fact Sheet

•Resources Available to Youth Pursuing College

Page 72: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Youth In Transition

Ann Rossi, Coordinator

Department of Human Services

Health, Education and Youth Unit

Permanency Division

Page 73: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Youth In Transition (YIT)

• Federal Funding called “Chafee”

• Allocated to States who then allocate to

counties

• Counties manage their own allocation

Page 74: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

YIT: Funding for…

• Education – pre-college expenses• Vocational/Employment • Independent living Training• Mentoring & Family Connection • Housing – lifetime limit of $1,000 for first month rent &

security deposit• Start Up Goods –lifetime limit of $1,000 for start up goods• Medical & Health Needs • Parenting • Money Management• Memberships • Transportation

Page 75: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

EDUCATION: PRE-COLLEGE EXPENSES

• ACT/SAT preparation and testing

• GED preparation and testing

• Credit recovery/summer school

• College applications

• Tutoring

• Books and supplies for specialized classes such as lab fees, special calculators, uniforms

• Expenses for school sponsored educational field trips

• Senior expenses

• Prom dress or prom tuxedo rental for senior prom up to $100

Page 76: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

DHS EDUCATION PLANNERS

• 14 full-time Education Planners started in May 2010

• Education Planners will work with youth age 14 and older to assist with improving outcomes of foster youth in Michigan

Page 77: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

EDUCATION PLANNERS

• Assist youth with developing both short and long-term educational goals and assist with taking the steps to reach those goals

• Provide technical assistance and training to workers, school personnel, foster parents, youth, and others for education

• Act as a liaison between the education system and the foster care system

Page 78: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

EDUCATION PLANNER LOCATIONS

Covered Area

Wayne North Central - 2, South Central - 1,

Western Wayne -1

Macomb Macomb

Oakland Oakland

Genesee Genesee

Kent Kent

Calhoun/Kalamazoo/Branch/Hillsdale Calhoun

Ingham/ Barry/Eaton Eaton

Jackson/Lenawee/Monroe/Livingston/Shiawassee Jackson

Isabella/Midland/Saginaw/Bay/Arenac Bay

Berrien/Cass/St. Joseph/VanBuren Cass

Muskegon/Ottawa/Allegan Muskegon

Dickinson/Delta/Menominee Delta

Mecosta Osceola Mecosta

Grand Traverse/Leelanau/ Grand Traverse

Page 79: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

INDEPENDENT STATUS

• DHS-945 Verification of Court/State Ward Status:

– All youth with a foster care case closing after the 13th birthday should be provided with a completed DHS-945.

– The DHS-945 MUST be completed by a DHS staff.– A youth can contact a DHS office to have one

completed.

Page 80: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Saving for College in MichiganRobin Lott, Michigan Department of Treasury

Page 81: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What’s New?

– 2012 MET Enrollment • To be announced

– New MET Information System– New MET Mascot Name – “Whoodini”– Donations of any dollar amount from

individuals to the MET Charitable Tuition Program are tax deductible & will go to provide scholarships for foster care students.

Page 82: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What’s New?

– Direct-sold investment program• Low program management fee (35 basis points)

– MESP Matching Grant Funds were not approved for 2011-12

– New Web application for I-Phones

– Principal Plus Interest Option rate is now ___% through 9/30/12

Page 83: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

What’s New?

– Advisor-sold investment program • Program management fee, broker fee,

underlying mutual fund fees

– Component of MESP, but primarily offered through Allianz Global Investors

Page 84: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Federal Initiatives

• HR 529 was introduced February 2011– Extends the SAVER’s tax credit to include

savings in a 529 plan.

– Allow employers to match employees’ 529 plan contributions up to $600 per year.

– Allow computers and related equipment as a qualified expense.

– Allow investment account rebalance up to four times per year.

Page 85: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Similarities and Differences

SIMILARITIES

Both are Section 529 qualified tuition programs

State income tax deductions Earnings are tax exempt for

qualified withdrawals Low Cost, No Commissions Transferable to immediate

family members Fund with after tax dollars Contribute with payroll

deduction, ACH or coupons Can be used separately or

together ($235,000 max.) Recognized as owner’s asset

for financial aid purposes Rollovers accepted from other

529 programs

MET

Prepay tuition with three contract options

Purchase credit hours, in semester increments, at today’s prices for future use

Best benefit at Michigan public institutions for tuition and mandatory fees

Refund amounts payable to in-state private or out-of-state institutions

Purchase for Michigan children – no age limit

15 years to use or refundForget about tuition

increases, you are locked in

MESP

Investment savings account with seven investment options

Use at any "eligible educational institution"

Save for all qualified higher education expenses

Open an investment savings account with as little as $25

One change in investment strategy every twelve months

No age or time limit to use funds

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Three Types of Contracts:

• Full Benefits• Limited Benefits• Community College

Seven Investment Options:• Age Based

• Conservative option• Moderate option• Aggressive option

• Principal Plus Interest• 100% Fixed Income• 100% Equity• Balanced

15 Investment Options:• Age Based• 2 Static Portfolios• 12 Individual Portfolios

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Please Help Your Parents by:• Adding a link to the MET and MESP web sites

on your high school’s web site

• Encouraging parents to learn more about MET & MESP

• Scheduling a presentation for parents

• Inviting MET & MESP to set up a booth at a school event

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For More Information• www.setwithmet.com

• 800-MET-4-KID

• (517) 335-4767

• www.misaves.com

• 877-861-MESP

• www.mi529advisor.com

• 866-529-8818

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Becky PowellEduCash Program

Coordinator

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EduGuide Publications

Cradle through College

EduGuide publications equip parents and students with tips and strategies to the help them stay on the correct path, cradle through college.

To order EduGuide free publications send an email to [email protected]

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February 12, 2012

www.micollegegoal.org

EduGuide Coordinates

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53% Increase in # of FAFSAs Filed by March 10 from 2008-2011

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Locations on Sunday, February 12

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Locations on Sunday, February 12

IronwoodGogebic Community CollegeJacksonBaker College of JacksonKalamazooWestern Michigan UniversityLansingLCC- West CampusLivoniaMadonna UniversityMonroeMonroe County CommunityCollegeMuskegonBaker College of Muskegon

OwossoBaker College of OwossoPort HuronSt. Clair Community CollegeSaginaw - Bay City – MidlandDelta CollegeSault Ste MarieSault Area High SchoolWayneProject ACE Resource Center

Foster Youth Date: Sunday,

February 19, 2012

UM-Dearborn

Page 95: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

WAYS FOR STUDENTS TO WIN AWARD

1. Come to College Goal Sunday for a chance at more than $2500 in awards.

2. Go to micollegegoal.org and send an invite to a friend

For complete contest rules, please visit www.micollegegoal.org

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Resources on Michigan College Goal Sunday’s Website – micollege.org

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Access Resources for Student Success!

Michigan College Goal Sunday flyers and posters

High School EduGuides

College EduGuides

• All College Goal Sunday material will be sent in January

• To place orders, email [email protected]

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EduGuide’s Library is stocked with articles and STEP BY STEP goals to help high school students

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Let’s continue to work together to make College Goal Sunday an even bigger success in 2012.

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Project EduCash

Vision:

•To increase the number of Free Application For Federal Student Aid (FAFSA) forms completed by the senior class this academic year.

Goal:

•We are investing ourselves to create a school community where all senior level students will complete the FAFSA as one step toward pursuing and realizing their potential and their dreams of higher education.

Objectives:

1.Increase parent and student awareness of importance of completing the FAFSA.

2.Promote activities that give opportunity for help in completing the FAFSA.

3.Get as close as possible to 100% FAFSA completion by the senior class this academic year.

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Educash History• EduGuide received a grant to

fund the project.

• Michigan College Access Network (MCAN) sent out the application to participate to Local College Access Networks (LCAN).

• Each LCAN chose one high school in their service area to apply.

• Ten high schools were chosen to participate with full support and resources from EduGuide.

The Ten High Schools are:

•Albion High School•Mancelona High School•Bay City High School•Grand Rapids Union High School•Belding High School•Vicksburg High School•Benton Harbor High School•St. Clair High School•Boyne City High School•Sturgis High School

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Services Provided By EduGuide To The Ten Participating EduCash Schools

• Strategies for increasing the number of FAFSA’s completed.

• EduGuide’s Online Mentoring Community platform will provide streamlined tools for program management, monitoring, volunteer matching and more.

• Provide one-on-one guidance for the EduCash school leaders from Becky Powell. She will provide encouragement, support, materials, professional partners for presentations and mentoring and other needed guidance.

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All High Schools May UseEduCash Strategies

• EduCash strategies may be used at anytime by any high school. They are available online at www.EduGuide.org.

• These strategies are for increasing the number of FAFSA’s completed by each school.

• Use with Seniors in their current academic year.

• There are twenty five (25) suggested EduCash strategies listed.• Each strategy has step by step instructions on

how/when to use the strategy and a list of resources for each strategy.

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We want and need to complete as many FAFSA’s as possible at your school. Please feel free to contact me if you have further questions:

Becky Powell

EduCash Program Coordinator

Phone: 517.374.4083

Home Office Phone: 616.696.2365

[email protected]

www.EduGuide.org

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The Michigan College Access Strategy

Lisa Sommer King, Assistant Director

Michigan College Access Network

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The Context

U.S. is now the 12th most educated country in the world.

In the U.S., only 38% of working-age adults (25-64 year olds) hold at least a two-year degree. (2008 Census)

Michigan is the 33rd most educated state in the country.

In Michigan, only 35.6% of working-age adults (25-64 year olds) hold at least a two-year degree. (2008 Census)

62% of Michigan’s jobs will require postsecondary education by 2018 (Georgetown University Center on Education and the Workforce)

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State Perspective

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The Motivation

In order to build and sustain a vibrant economy and strong communities we must ensure that everyone in Michigan has the

opportunity to access and succeed in postsecondary education.

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The Mission

Dramatically increase the college participation and completion rates in

Michigan, particularly among low-income and/or first-generation students of all ages.

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The Goal

Increase the proportion of

Michigan residents with

college degrees or

high-quality credentials to

60% by the Year 2025.

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How Michigan Stacks Up

CURRENT % of Adults w/ Degrees: 35.6%

TREND Projected for 2025: 43.4%

GOAL for 2025: 60%

GAP: 16.6%

Additional Annual Increase Needed: 6.3%

Additional Number of Degrees Needed to Meet Workforce in 2025: 1,322,257

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Assumptions

• College = Everyone – College needs to be universal

• College = Postsecondary Education– Includes Bachelor’s Degrees, Associate

Degrees, and other valuable credentials

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Major Barriers

• Social Capital

• Academic Preparation

• College Knowledge/Navigating Process

• Affordability

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The StructureLead Partners: MDE College Access & Outreach Unit

Michigan College Access Network

Funding: College Access Challenge Grant Program (Federal

USDE Grant)

The Kresge Foundation

Statewide Michigan College Access Portal (MichiganCAP)

Initiatives: KnowHow2GOMichigan

Partners: Michigan Campus Compact

KCP Initiative/GEAR UP

National College Advising Corps (UM & MSU)

Promise Zones

Achieving the Dream

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MCAN’s Strategies• Coordination• Advocacy and Leadership• Professional Development• Local College Access Network

Development– Funding Opportunities– Technical Assistance

• Implement KnowHow2GOMichigan• Strengthen Partner Initiatives

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LCAN Basic Assumptions

• We know systematic change must be led from both at the community and state levels.

• To improve college participation/completion rates requires combination of high-quality support services and coordinated infrastructure that connects the services together into a comprehensive system.

• LCANs serve as the local infrastructure for college access.

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Local College Access Networks• Community-based college access coordinating body

• Supported by a team of community and education leaders representing K-12, higher ed, nonprofit sector, government, business, and philanthropy

• Commit to building a college-going culture and dramatically increasing the college going/completion rates within their community

• Coordinate programs, services, and resources that lower the barriers preventing students, particularly low-income and first-generation students, from pursuing college

• Integrate MichiganCAP, KnowHow2GO, and other statewide college access initiatives the community level

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Local College Access Networks

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Our LCANsAuburn Hills – Access Higher

Education

Alpena CAN

Athens/Tekonsha/Union City CAN

Baldwin College Access Center

Barry County CAN

Battle Creek CAN

Bay Commitment CAN

Benton Harbor CAN

Brightmoor CAN

Char-Em College Access Alliance

Delta/Schoolcraft CAN

Downtown Detroit CAN

Eastern UP

Genesee County CAN

Gratiot-Isabella CAN

Greater Albion CAN

Hazel Park Promise

Highland Park CAN

Holland/Zeeland (Destination Education)

Page 120: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Our LCANsJackson College Access Center

Kalamazoo Area CAN

Kent County CAN

Keweenaw CAN

Lansing CAN

Mancelona (Ironmen CAN)

Montcalm-Ionia CAN

Muskegon Opportunity

Newaygo County CAN

North End/Central CAN (Detroit)

Osborn CAN (Detroit)

Pontiac Promise

Project ACE (Western Wayne Co)

Springwells Village CAN (Detroit)

St. Clair County KnowHow2GO

Sturgis SUCCESS

Tri-Cities Area CAN (Grand Haven)

Washtenaw CAN

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KnowHow2GO• National public awareness campaign sponsored by the Lumina

Foundation, the Ad Council, the American Council on Education and other allies

• Designed to encourage low-income and first-generation students in grades 8-10 and their families to take the necessary steps to prepare for postsecondary education

• Media messages that inspire: PSAs remind young people “You’ve Got What it Takes” to get to college and direct students and their mentors to a website and other resources.

• Ground networks that support: Local College Access Networks implementing campaign

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KnowHow2GO 4 Steps

1. Be a Pain Social Capital

2. Push Yourself Academic Preparation

3. Find the Right Fit College Knowledge/Navigating Process

4. Put Your Hands on Some Cash Affordability

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KnowHow2GO Interactive Website

Encourage your students to go to:

www.KnowHow2GOMichigan.org

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Contact

Lisa Sommer King,

Assistant Director

Michigan College Access Network

517-316-1713

[email protected]

www.micollegeaccess.org

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Tom Freeland, Supervisor

College Access and Outreach

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College Access & Outreach

• Established and Funded Through Federal “College Access Challenge Grant”

• CAO is the Grant Administrator

• Initiative Aligns With the Department’s Overall Career and College Readiness Goals, and the Goal of Increasing the Percentage of State Residents With a Postsecondary Credential

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College Access & Outreach

• CAO StaffPH (517) E-Mail

Tom Freeland 241-3537 [email protected]

Peggy LaFleur 373-8319 [email protected]

Guy Atkinson 373-4930 [email protected]

Patty Hill 373-6051 [email protected]

Lucy Sciotti 373-9598 [email protected]

Page 130: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

College Access & Outreach

• College Access Challenge Grant

Goals:– Use local strategies to improve access

– Provide support for students and parents

– Connect students and parents with the right information

– Promote a college-going culture

– Develop strategies to increase success

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College Access & Outreach

• CAO Programs and Initiatives– College Access Challenge Grant

• Partner: Michigan College Access Network

– High School Counselor Workshop Webcast– College Goal Sunday– Publications / Web Site– College Fairs– Financial Literacy– KnowHow2GoMichigan– MichiganCAP

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College Access & Outreach

• Statewide initiative• FREE to families and schools• Easy-to-use• Web-based: www.michigancap.org

Assist Michigan students and families in the process of planning, applying, and paying for college.

MichiganCAP

the Michigan College Access Portal

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College Access & Outreach

Counselors/Educators

• Communicate college access information with students and parents

• Track and assist students with their EDP

• Store information for the purpose of assisting students and parents with college planning

MichiganCAP

the Michigan College Access Portal

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College Access & Outreach

Students• Organize information / Create Resume

• Free test prep tutorials

• Research MI colleges

• Plan for your career

• Track and submit college applications online

• Research and apply for financial aid

• Print EDP

MichiganCAP

the Michigan College Access Portal

Page 135: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

College Access & Outreach

• MichiganCAP Information & Training– Statewide Online Training

• November 8, 9, 10, 15, & 17• Register online: www.michigan.gov/mde

– Local College Access Network

– ISD

– Local / Regional

– Conferences

– User Guide; Informational Flyer; Student Registration Power Point Presentation

Page 136: WELCOME TO THE 2011 High School Counselor Financial Aid Update October 28, 2011

Michigan Student Financial Aid Association

• The Early Awareness/Multicultural Outreach Committee’s purpose is to increase awareness among all students and parents of the benefits of preparing both academically and financially for higher education. To do this, the committee conducts presentations and programs in schools throughout Michigan communities to help dispel myths and promote post-secondary education. Our presentations are informative, engaging and interactive!

• Please contact the Committee Chairs to schedule a presentation for your students!

Valerie Culler Deric Williams II– 734-384-4139 734-763-2941

[email protected] [email protected]

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Survey / Evaluation Form

• Reminder to complete your Survey / Evaluation Form

• Additional question:• What web-based guidance tool does your

school use? (Career Cruising; MichiganCAP; other)

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Questions?