State Scholarships and Grants Update...Benacquisto Scholarship • Expands the Benacquisto...

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State Scholarships and Grants Update Florida Association of Student Financial Aid Administrators Spring 2018 Regional Workshop Office of Student Financial Assistance (OSFA) 1

Transcript of State Scholarships and Grants Update...Benacquisto Scholarship • Expands the Benacquisto...

Page 1: State Scholarships and Grants Update...Benacquisto Scholarship • Expands the Benacquisto Scholarship to include out-of-state National Merit Scholars. • Out-of-state students are

www.FLDOE.org© 2014, Florida Department of Education. All Rights Reserved.

State Scholarships and Grants Update

Florida Association of Student Financial Aid AdministratorsSpring 2018 Regional Workshop

Office of Student Financial Assistance (OSFA)

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Agenda

• Legislative Activity• 2017-18 Fiscal Year Appropriation• Bright Futures Summer Funding• What You Need to Know• Website and Resources• Calendar Events

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Legislative Activity

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2018 Florida Legislative UpdatesThe 2018 Florida Legislative Session ended March 11, 2018.

CS/SB 4 Higher Education includes:

• Benacquisto Scholarship • Expands the Benacquisto Scholarship to include out-of-state National Merit

Scholars. • Out-of-state students are exempt from paying out-of-state fees.

• Florida Bright Futures Scholarship• Florida Academic Scholars (FAS)

o Changes the FAS award amount to cover 100 percent of tuition and specified fees at a public institution or comparable amount at a nonpublic institution.

o Provides an additional $300 for textbooks and college-related expenses (fall and spring).

o Provides summer funding for FAS award recipients beginning in 2018.

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2018 Legislative Updates, ContinuedFlorida Bright Futures Scholarship, Continued

• Florida Medallion Scholarship (FMS)o Changes the FMS award amount to cover 75 percent of tuition and

specified fees at a public institution or comparable amount at a nonpublic institution.

o Provides summer funding for FMS award recipients starting in 2019.

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2018 Legislative Updates, Continued• Florida Farmworker Student Scholarship Program

o Creates the Florida Farmworker Student Scholarship Program to provide up to 50 scholarships for farmworkers and the children of farmworkers beginning with the 2018-19 academic year.

o Provides an award equal to 100 percent of tuition and specified fees at a public postsecondary education institution in Florida.

• William L. Boyd, IV, Florida Resident Access Grant Programo Renames Florida Resident Access Grant Program to Effective Access to

Student Education Grant Program.

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2018 Legislative Updates, ContinuedHB 5003 Implementing the 2018-19 General Appropriations Act In addition to spring and summer Bright Futures Scholarship funding for students enrolled in the University of Florida’s pilot program, the 2018-19 cohort of students will be eligible to receive the scholarship award for funding during the 2018 fall semester to be used for off-campus or online coursework.

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Bright Futures Summer Funding

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Bright Futures Florida Academic Scholars

2018 Summer Funding

The 2017 Legislature provided funds for Bright Futures Florida Academic Scholars (FAS) during summer 2018.

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Timetable for Implementation

• March 5 – OSFA to sent instructions to FAS students to notify financial aid offices if they intend to enroll in approved courses during the summer.

• April 2 – OSFA to populate students on the summer MEL.• April 6 – Summer Allocations Request Forms are due to OSFA.• April 16 – OSFA to send allocations to postsecondary

institutions.• June 22 – The reconciliation deadline for requesting

additional funds.• August 10 – Summer DER closes (all subsequent changes

must be sent to OSFA).

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Bright Futures Summer Funding Questions• See Memo OSFA-STATE: #17-18:28, Bright Futures

Summer 2018 Funding – Questions and Answers • Contact Nikki Allison at [email protected] or

at 888-827-2004.

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What You Need to Know

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What You Need to Know State Calendar

Term 2 Disbursement – Reported on the DER 30 days after last day of drop/add

Term 2 Reconciliation – Refunds/ reconciliation due to OSFA within 60 days after last day drop/add

Bright Futures Refunds – Dropped/withdrawn (D04) funds are due within 30 days of last day of each term

Report ‘Otherwise Eligible’ Students (C99) – FSAG

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What You Need to Know Program Administration Reminder

Bright Futures GSCGold seal awards may only be used at postsecondary institutions that offer an applied technology diploma, technical degree education program (A.S. or A.A.S.), or a career certificate program.

Gold Seal CAPE Scholars who earn a qualifying A.S. or A.A.S. degree may receive $48 per credit hour towards a qualifying B.S. or B.A.S. degree.

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What You Need to Know Program Administration Reminder

Bright Futures GSVGold Seal Vocational Scholars awards may only be used to fund:• Applied Technology Diploma, up to 60 credit hours or

equivalent clock hours• Technical Degree Education Program, not to exceed

72 hours or equivalent clock hours• Career Certificate Program, not to exceed 72 credit

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What You Need to Know Program Administration Reminder

Bright Futures – Restoration • Students may only use summer coursework to raise

the GPA for a one-time restoration at the end of the first year of funding only

• If the student did not earn the GPA after the first year of funding, restoration is not permitted

• If the student did not earn the hours, regardless of year of funding, restoration is not permitted

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What You Need to Know Program Administration Reminder

Bright Futures – Reinstatement • Reinstatement is only for students who, although

eligible, were not funded in the prior academic year• Students who did not receive funding in the academic

year immediately following high school graduation are required to apply for reinstatement of their award within 2 years of high school graduation

• Students must complete a Reinstatement/Restoration Application available on the OSFA website

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What You Need to Know Credit Hour Tool

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What You Need to Know Resources and Training

Website Resources

• Postsecondary Institutions/Log in• Institutional Information• Publications• Program Contacts

Training ResourcesContact Hortensia Campbell at [email protected]

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Website and Resources

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Navigating to State Programs

• Visit www.FloridaStudentFinancialAid.org• Select State Grants, Scholarships & Applications

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http://www.floridastudentfinancialaid.org/
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Website Resources

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Bright Futures Web Page

Update

New

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Postsecondary Menu

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Postsecondary Institutions Menu

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Statutes, Rules & Reports

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Calendar Events

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Calendar EventsMonth

March/ April Term 2 quarter refunds of BF dropped/withdrawn course funds are due within 30 days of the institution's last day of each term.

April 1 FSAG uncommitted funds due to OSFA for reallocation.

April 15 FSAG reallocation of uncommitted funds to participating PSIs reporting Otherwise Eligible (OE).

May Term 2 semester refunds of BF dropped/withdrawn course funds are due within 30 days of the institution’s last day of each term.

Begin G&H reporting for previous summer, fall, and spring terms.

May 20 Send G&H to OSFA for centralized programs: CSDDV, JM, RFS.

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Calendar Events

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Term Refunds/Reconciliation• Due within 60 days after the last day of drop/add.• Reconciliation Report allows you to view your

Disbursement Eligibility Report activity by year, term, program, and student.

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Term Refunds/Reconciliation

• Payment Summary screen displays tracked institutional funds from the state by year, program and term.

• Only by reconciling and checking the “I agree,” box will OSFA know that your institution needs additional funds.

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Payment Summary

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Payment Summary (Continued)Section II:

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Program Compliance Audits• March 31 – Audits due from private institutions• See Memo OSFA-STATE: #17-18:29

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Institutional Renewal• Institutions required to apply for renewal to

participate in state financial aid annually • Online application opens May 1• Most data prefilled• Update any changes • Private institutions provide term dates, Cost

of Attendance and tuition/fees for 2018-19

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Bright Futures Drop/Withdrawal Funds

• Students are required to repay the Bright Futures portion of the cost of any courses dropped or withdrawn after the last day of drop/add

• Students repay the institution• The institution is required to remit funds to

OSFA within 30 days of the institution's last day of each term, regardless if the student has repaid the institution

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Grade & Hours Report

• G&H Report populated with all students disbursed at your institution during the academic year

• Submit institutional undergraduate cumulative grade point average (GPA) and earned hours for all disbursed students for the fall and spring terms of the academic year

• Due 30 days after the end of spring term, no later than June 30

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Final Reconciliation• Reconciliation of all monies for the academic

year due by June 1• Same process as reconciliation for end of

term• Carry-over of funds to next academic year

not permitted

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Contacts• Customer Service at 888-827-2004• Correspondence at [email protected]

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mailto:[email protected]
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