Arkansas Department of Higher Education Universal Financial Aid System
description
Transcript of Arkansas Department of Higher Education Universal Financial Aid System
![Page 1: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/1.jpg)
Arkansas Department of Higher EducationUniversal Financial Aid System
![Page 2: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/2.jpg)
Arkansas Department of Higher EducationUniversal Financial Aid System
Launched on January 1, 2010Search and apply for all ADHE administered
scholarships and grants at one timeReceive e-mail status notificationsAvailable all year, but deadlines built into processingConnects to multiple government datasets to reduce
applicant input and error.Manage your account 24/7 to include:
Updating personal information and collegeReviewing transcript and test score information
www.adhe.edu
![Page 3: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/3.jpg)
2007 2008 2009 20100
40000
80000
120000
160000
13,661 13,755
23,105
125,170
Financial Aid Applications
![Page 4: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/4.jpg)
2010
2009
2008
2007
0 20,000 40,000 60,000
53,533
7,645
7,080
6,176
Academic Challenge Scholarship
![Page 5: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/5.jpg)
• EVERY ELIGIBLE TRADITIONAL STUDENT WAS AWARDED A SCHOLARSHIP – More awards than budgeted. – More going to Universities than projected.
• EVERY ELIGIBLE CURRENT ACHIEVER STUDENT WAS AWARDED A SCHOLARSHIP – $41.5 million was budgeted for current achievers.– Fewer students met this criteria than projected.
• 4,986 NONTRADITIONAL STUDENTS– $12 million was budgeted for nontraditional students. – A priority/ranking system is in place for : 70% closeness to
degree, 20% GPA, 10% high demand field of study.
The Good News
![Page 6: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/6.jpg)
By Friday evening we anticipate that: • EVERY ELIGIBLE 2 YR COLLEGE
NONTRADITIONAL STUDENT WILL BE AWARDED A SCHOLARSHIP– EARN-INS (currently enrolled) – DELAYED (Adults going to college for the first
time)• EVERY ELIGIBLE 4 YR NONTRADITIONAL
DELAYED STUDENT WAS AWARDED A SCHOLARSHIP– Waiting list for Earn-ins
More Good News
![Page 7: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/7.jpg)
The Good News• A total of 25,815 students have been awarded the Academic
Challenge scholarship for Fall 2010. Arkansas will triple the amount of students receiving the academic challenge scholarship from 8,282 last year.
• There are 4 types of student receiving funding:– 4,906 are students who were awarded the Academic challenge
in previous years.– 12,493 traditional students have been offered the award
• Of the 37,049, nontraditional students:– 4,987 met the Current achiever definition and were offered the
scholarship– 4,986 will be offered the Nontraditional scholarship.
• Of those not receiving funds, 27,305 applications are ineligible to date.
![Page 8: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/8.jpg)
High School 16,905
Student Issues:• Missing transcripts• Missing ACT• Missing FAFSA• Smartcore• Not responding to emails
or reviewing accounts
Academic Challenge (Traditional) 16,905
Paper Transcripts 4,801From Private
and home school
Electronic12,104From
Public high schools
FAFSACitizenship: US & AR
Register for DraftNo loan default
Matching up
Records
Process Issues:• Could not determine what was missing
until paper transcripts reviewed • Missing ACT• Missing FAFSA• Multiple scholarship criteria
As of July 30, All traditional students notified of their status
Every student who qualifies will be funded –even if later.
![Page 9: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/9.jpg)
High School Process • High School Student process worked rather
well. Issues were/are:– Some student data from a few school districts did
not correctly populate the ADE database. Most of these issues were discovered early.
– Home school and private school transcripts are paper and require manual review.
• Largest complaint: – 2.5 and ACT 19 or equivalent for non-Smart Core
students.
![Page 10: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/10.jpg)
Process Issues:• Could not determine what was
missing until paper transcripts review ed
Nontraditional and Current
Achievers36,707
Student Issues:• Missing transcripts; Missing ACT/or other• Missing FAFSA• Not response to emails or reviewing accounts
Academic Challenge (Nontraditional) 36,707
Paper and ‘electronic transcripts’ from public and private colleges have to be reviewed to determine what category:
FAFSACitizenship
Register for DraftNo loan default
Matching up
Records
• Current achiever legislation category required revision of software: available June 15• 15k applications from May 15-May 30• Sorting of transcripts: 1. Multiple transcripts; 2. determine current achiever; 3. prioritization
![Page 11: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/11.jpg)
• New category added as part of the 2010 Legislative changes to the Lottery Act
• Students had already applied • Required extensive edits to the software program.
• Current Achiever criteria• Full-time in college since high school and 12 hours have to be at an
approved institution– Have to look at every term to determine
• At least 2.5 GPA • Prioritization: closeness to degree, GPA, workforce need
• Issues• All transcripts had to be manually processed.• Multiple transcripts• Recalculated GPA and hours attempted for those with many transcripts • Incomplete applications• Have to process all applications before ranking
Nontraditional/Current Achiever Process
![Page 12: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/12.jpg)
Addressing the Volume of Applications
• Early on ADHE redirected 5 FTE to work with the scholarship staff in processing applications.
• In early June, ADHE hired 3 temporary workers to assist with filing transcripts.
• In July, ADHE contracted for 48 fulltime people under that arrangement.
• In July, ADE provided 9 staff members to help review transcripts.
![Page 13: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/13.jpg)
• Current Achiever:– Limited funds and thus prioritization of applicants is required.
• Adult Learners– 70% is closeness to degree, 20 % is GPA, 10% is major– Current achievers who did not meet the full CA criteria were
considered for the nontraditional earn-in funding.
Addressing the Volume of Applications
![Page 14: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/14.jpg)
Academic Challenge Scholarship(Traditional)
Total: 16,903
Awarded12,451 (73.66%)
Declined Award99 (0.59%)
Ineligible to date 4,337 (25.65%)
ACTGPA
Incomplete Application
![Page 15: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/15.jpg)
Awarded9,973 (26.92%)
Declined24 (0.06%)
Eligible (Not Awarded)
3,861 (10.42%)
Ineligible to date23,148 (62.47%)
ACTGPA
Incomplete ap-plication to date
Academic Challenge Scholarship(Non-traditional/Current Achiever)
Total: 37,049
![Page 16: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/16.jpg)
Arkansas Academic Challenge Lottery Scholarship Funding2010 - 2011
EXPENSE DETAIL
Cohort 2010 -11 Students Annual ExpendituresTraditional 12,444 $ 55,687,500Challenge Pipeline 4,944 $ 23,479,500 Current Achievers 4,977 $ 24,087,500 Non Traditional 4,986 $ 17,900,000
Grand Total 27,351 $121,154,500
We anticipate spending the balance of the $41.5 million allocated for Current Achievers in either the Current Achievers or Nontraditional categories prior to June 30, 2011.
This will increase the total 2010-2011 expenditure to $132.6 million.
Expenses
![Page 17: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/17.jpg)
• Things to think about . . .– Budgets are for a fiscal year and the year has just
begun– Funding required to be available for the November
1 deadline– Funding students in the pipeline through to
graduation
![Page 18: Arkansas Department of Higher Education Universal Financial Aid System](https://reader036.fdocuments.us/reader036/viewer/2022081513/56815aa3550346895dc8302f/html5/thumbnails/18.jpg)
Moving Forward
• There will be additional expenditures for the academic year 2010-2011
• New awards to students who have a previous Academic Challenge award, due to processing summer school credits
• Error corrections will add to student awards• Current Achiever and Non Traditional students
may apply for spring awards until November 1, increasing the number of awards