Post on 03-Jan-2016
description
2013-14 Pennsylvania Targeted Industry Program
(PA-TIP)
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Presentors:Isaac Greene, Manager of Special Programs
Jen Brougher, Senior Special Programs AnalystTim Ireland, Special Programs Analyst
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PA-TIP - Background
• Announced in the Governor’s Proposed Budget in February 2012; Legislation approved July 2012
• PHEAA Board of Directors approved - $5 million in funding June 2012 & again in June 2013
• 2012-13 statistics:• 2,935 applications• 1,268 recipients• 66 approved institutions• $4,590,446 net disbursed awards
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2013-14 PA-TIP Award Year Changes
1. Award Amounts
2. Half-time Awards
3. PA-TIP refund processing
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2013-14 PA-TIP Award Year Changes
• Maximum Award Amount» Maximum full-time award = Maximum State Grant
award ($4,363) or 75% of student cost, whichever is less
» Maximum half-time award = $2,180 or 75% of student cost, whichever is less
◦ Veterans are eligible for State Grant Max or 100% of cost, whichever is less
• Minimum Award Amount» $500 full-time awards» $250 half-time awards
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2013-14 PA-TIP Award Year Changes
• Barriers to participation for Community Colleges and vocational schools
• PA-TIP awards to students enrolled ‘half-time’ at approved public and private, non-profit institutions
• Half-time definition: enrolled in at least 6 credits but no more than 11 credits or the clock hour equivalent
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2013-14 PA-TIP Award Year Changes
• PA-TIP refund processing» No funds will be disbursed to a school that has an outstanding
refund due over 45 days
» 45 days are determined by the date that PHEAA has received and processed your disbursement roster or Applicant Certification and Status Listing which indicated a refund due
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Full-time Award Formula
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FULL-TIME ENROLLMENT
STEP 1 DETERMINE TOTAL COST+TUITION & FEES+$4,000 LIVING EXPENSE ALLOWANCE+BOOKS, SUPPLIES OR EQUIPMENT
STEP 2 DETERMINE TOTAL RESOURCES-PELL-EMPLOYER TUITION REIMBURSEMENT-OTHER GIFT AID
STEP 3 DETERMINE NET COSTTOTAL COST – TOTAL RESOURCES
STEP 4 DETERMINE AWARD AMOUNTNET COST * 75%
STEP 5 VERIFY MAX & MIN AWARD PARAMETERS
FULL-TIME AWARDS EXAMPLE 1 EXAMPLE 2
TUITION & FEES $11,038 $11,038
BOOKS, SUPPLIES & EQIP $1,000 $1,000
LIVING EXSPENSE ALLOWANCE $4,000 $4,000
TOTAL COSTS $16,038 $16,038
FEDERAL PELL GRANT $3,500 $3,500
EMPLOYER FUNDING N/A $8,000
NET COSTS $12,538 $4,538
PA-TIP Eligibility $4,346 $3,403
Expenses to the Student* $8,192 $1,135
*Student Assumptions: A family of four with an income of $ 45,000 and one attending college.
Calculating FT PA-TIP Awards
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Part-time Award Formula
PART-TIME ENROLLMENT
STEP 1 DETERMINE TOTAL COST +TUITION & FEES
+$4,000 LIVING EXPENSE ALLOWANCE+BOOKS, SUPPLIES OR EQUIPMENT
STEP 2 DETERMINE TOTAL RESOURCES-HALF-TIME PELL-EMPLOYER TUITION REIMBURSEMENT-OTHER GIFT AID
STEP 3 DETERMINE NET COSTTOTAL COST/2 – TOTAL RESOURCES
STEP 4 DETERMINE AWARD AMOUNTNET COST * 75%
STEP 5 VERIFY MAX & MIN AWARD PARAMETERS
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Calculating PT PA-TIP Awards
PART-TIME AWARDS EXAMPLE 1 EXAMPLE 2
TUITION & FEES $10,000 $10,000
BOOKS, SUPPLIES & EQIP $2,000 $2,000LIVING EXSPENSE ALLOWANCE $4,000 $4,000
TOTAL COSTS $16,000 $16,000PART-TIME FEDERAL PELL GRANT $2,822 $2,822
EMPLOYER FUNDING N/A $3,000
NET COSTS** $5,178 $2,178
PA-TIP Eligibility $2,180 $1,633
Expenses to the Student* $2,998 $545*Student Assumptions: A family of four with an income of $ 45,000 and one attending college.**NET COSTS use TOTAL COSTS divided in half minus TOTAL RESOURCES
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2013-14 PA-TIP Estimator
• Living Expense Allowance
• Pell Award (Listing)• Document Library
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PA-TIP Reconciliation Rosters
• The annual Reconciliation Roster gives schools a final opportunity to report ineligible students or changes to a student’s status.
• An actual graduation date should be provided ONLY if the student has graduated.
• The roster must be returned within 30 days of receipt. Future disbursements are withheld until it is returned.
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PA-TIP Reconciliation Rosters
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<<CCYY>> PA-TIP RECONCILIATION ROSTER DOC ID TTDR
<<MM/DD/CCYY>> PAGE XXXX
00332700-01
<<INSTITUTION FULL NAME>>
Student Eligibility
FULL YEAR OUTSTANDING
CERTIFIED FALL WINTER SPRING SUMMER DUE REFUNDED REFUND
STUDENT IDENTIFICATION AWARD DISB DISB DISB DISB STUDENT TO DATE DUE
-------------------------------------------- --------- ---------- ---------- ------------ ------------ ----------- ------------ ----------------
123-45-6789 $5,796 $1,449 $1,449 $1,449 $1,449 $0.00 $0.00 $0.00
STUDENT, PHEAA M
ACTUAL GRAD DATE __/____
COLLEGE COMMENTS:
____________________________________________
Employment Reporting
• Graduate PA-TIP recipients information (recon)• PHEAA and PA Labor & Industry• Recipient : Graduate• Graduate : Employed
» Breakdown by Sector, Institution and Industry
• Vital for continued funding!
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2013-14 PA-TIP Reminders/Tips
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• Pending students must be certified by July 1, 2014• April 1, 2014 – Deadline for PA-TIP student
application submission• PA-TIP School Application, BPAMS guidelines and
the CIP Code Inclusion Request Form can be found on PHEAA.org/PA-TIP
• Program eligibility• Term disbursement
For Technical assistance or more information, please contact us at:
email: patip@PHEAA.orgphone: 1 800-443-0646, Option 3, 2
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Questions?
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