State Scholarships and Grants State Update www FLDOE

State Scholarships and Grants State Update www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Budget Program 2014 -15 Appropriation 2015 -16 Appropriation (Senate Proposed) 2015 -16 Appropriation (House Proposed) Bright Futures $266. 19 $239. 80 FSAG $148. 35 $155. 01 FRAG $112. 36 $119. 11 ABLE $5. 69 $5. 67 $6. 81 FIS $4. 87 $8. 38 $7. 17 NOTE: Appropriation amounts are in millions. www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session Initiatives that did NOT Pass Bright Futures • Summer Funding • Eligibility Extension (Religious or Service Obligation) www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session Initiatives that did NOT Pass Florida Incentive Scholarship • Statutory name change • Formal agreement with National Merit Scholarship Corporation to maintain ‘Preeminent’ status www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session Initiatives that did NOT Pass Student Debt: Cohort Default Rates • Initiative A: Require FRAG and ABLE institutions to maintain a federal student loan cohort default rate below 30% for 3 consecutive years • Initiative B: Create a student default risk index. Allocations required to be withheld from FRAG and ABLE institutions if risk index exceeded 20% www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session GAA Proviso Language (Senate) Student Debt: Cohort Default Rates Award for Students Initially Enrolled after July 1, 2015 Cohort Default Rate FRAG ABLE < 20% $2, 924 $1, 500 20 – 24. 9% $2, 632 $1, 350 25 – 29. 4% $2, 339 $1, 200 > 30% No Award www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session Initiatives that did NOT Pass Need-based Aid - FSAG • Priority based on all other ‘financial resources’, including Prepaid Contracts • Higher EFC eligibility cutoff • Higher minimum need amount • Allocation equally weighted between prior year funded and prior year ‘otherwise eligible’ FTE www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

2015 Legislative Session GAA Proviso Language (House) Need-based Aid - FSAG • Additional $6. 4 million to increase need-based financial aid to students who demonstrate need, but did not receive FSAG the prior year • Award to students with unmet need after: o All other financial aid awards o Scholarships o Prepaid tuition accounts www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

State Programs What You Need to Know www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know State Calendar PSI Renewal Application – due June 5 • Reduced the number of questions Grade & Hours – due June 30 Reconciliation – due June 30 • New File s. FTP layout July 1 – includes Term 5, record length increases from 224 to 245 Report ‘Otherwise Eligible’ Students - FSAG www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Database Security Removed ‘Download’ Buttons • Disbursement Eligibility Report (DER) • Master Eligibility List (MEL) • Grade and Hours Report • Eligibility Determination Lists (FRAG, FSAG, and T 20) • FRAG Waiting List • Defaulted State Scholarship and Loan Recipients www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Database Security Transmit Data via s. FTP Process • Disbursement Eligibility Report (DER) • Master Eligibility List (MEL) • Grade and Hours Report • Eligibility Determination Lists (FRAG, FSAG, and T 20) • FRAG Waiting List • Reconciliation Report www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Database Security Masking the Full SSNs • Student Information – Financial Aid Recipient History (FARH) • Defaulted State Scholarship and Loan Recipients • Disbursements Eligibility Report (DER) • Master Eligibility Lists (MEL) • FRAG Waiting List • Grade & Hours Report (GRHR) www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Database Security Login Module • Requiring stronger password • Revising ‘Forgot Password’ process www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Program Administrative Changes Bright Futures • 2 -Year Initial Eligibility Period 2012 -13 high school graduates and thereafter who are approaching the 2 -year period can complete the R/R Application by 8/31 to have their eligibility reinstated www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

What You Need to Know Program Administrative Changes Florida Incentive Scholarship • Administrative Rule 6 A-20. 0281 Restricted the qualifying $500 institutional award to 2014 -15 Finalists www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

Contact Information Brian Underhill Director of State Scholarships & Grants 850 -410 -5185 Brian. Underhill@fldoe. org Levis Hughes Bureau Chief, Office of Student Financial Assistance 850 -410 -6810 Levis. Hughes@fldoe. org Toll Free: (888) 827 -2004 www. FLDOE. org © 2014, Florida Department of Education. All Rights Reserved.

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