Georgia Student Finance Commission - HOPE Preservation Study Presentation
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Transcript of Georgia Student Finance Commission - HOPE Preservation Study Presentation
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Preservation of the HOPE Scholarship Program
Joint House & Senate Study Committee
Tricia P. ChastainPresident
September 14, 2015
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The Impact of HOPE: 1993 2015
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1.7 Million Students
$7.7 Billion
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HOPE Program Structure
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HOPE Program
HOPE Scholarship Zell Miller Scholarship HOPE GrantZell Miller
Grant HOPE GED Grant
Strategic Industries Workforce Development
Grant (SIWDG)
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The Impact of HOPE Today
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HOPE Scholarship, $365,921,309
Zell Miller Scholarship,$126,565,989
HOPE Grant, $54,926,598
Zell Miller Grant, $17,672,795
SIWDG, $8,913,484
HOPE Grant Programs,
$81,512,877
HOPE Scholarship and Grant Programs - FY2015*
*HOPE GED Grant, $806,498
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2011 Reforms
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2011 Reforms
HOPE award amounts decoupled from tuition amounts and a standard award basis was established (Factor Rate)
Book and fee payments eliminated Seven year time limit on eligibility Rigor requirements to begin with 2015 graduating class Zell Miller Scholarship created
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2011 Reforms & the Factor Rate
FY 2011 HOPE paid full tuition 2011 Reforms Factor Rate instituted FY 2012 Factor Rate set at 90 percent of what HOPE
had paid the previous year FY 2013 Factor Rate went to 100 percent; HOPE was
paying the same amount as it had the previous year FY 2014 2016 Governor has set the Factor Rate at
103 percent; HOPE award amount growing by three percent each year
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HOPE Program Before & After 2011 Reforms
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HOPE Program Before & After 2011 Reforms
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0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Num
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f Stu
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Scholarship Students Grant Students
HOPE Scholarship and HOPE Grant(including Zell Miller)
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HOPE Scholarship Students & DollarsBefore & After 2011 Reforms
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HOPE Scholarship (including Zell Miller beginning 2012)
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Scho
lars
hip
Dolla
rs
Num
ber o
f Stu
dent
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Students Dollars Awarded
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HOPE & Zell Miller ScholarshipsAfter 2011 Reforms
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$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
$500,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
Dolla
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Stud
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HOPE Students Zell Miller Students HOPE Dollars Zell Miller Dollars
FY2012 FY2015 FY2012 FY2015
HOPE & Zell Miller ScholarshipsStudents and Dollars Awarded at Public Institutions
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HOPE Grant Students & DollarsBefore & After 2011 Reforms
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HOPE Grant (including Zell Miller beginning 2015)
$0
$25,000,000
$50,000,000
$75,000,000
$100,000,000
$125,000,000
$150,000,000
$175,000,000
$200,000,000
$225,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Gran
t Dol
lars
Stud
ents
Students Dollars Awarded
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HOPE Scholarship & Tuition
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HOPE Award Growth vs. Tuition Growth
When tuition increases at a higher rate than the Factor Rate, HOPE pays a smaller percent of tuition
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6% Tuition Growth
3% HOPE Growth
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at Research Universities
$3,495.00
$4,526.50
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
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HOPE Tuition
Average FY2016 tuition not covered by HOPE: $1,032
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at Regional Universities
$2,280
$2,625
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
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HOPE Tuition
Average FY2016 tuition not covered by HOPE: $345
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at State Universities
$2,180
$2,508
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Tuition
Average FY2016 tuition not covered by HOPE: $329
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at State Colleges
$1,278
$1,473
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
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HOPE Tuition
Average FY2016 tuition not covered by HOPE: $196
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HOPE GRANT, SIWDG & ZELL MILLER GRANT
HOPE Grant Program & Tuition
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HOPE Grant, SIWDG Award Amounts & Tuition
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HOPE Grant, SIWDG Award Amounts & Tuition at TCSG Institutions
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
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HOPE Grant HOPE Grant plus SIWDG Tuition
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Zell Miller Grant, SIWDG Award Amounts & Tuition
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Zell Miller Grant, SIWDG Award Amounts & Tuition at TCSG Institutions
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
FY2015 FY2016
Dolla
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Zell Miller Grant Zell Miller Grant plus SIWDG Tuition
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HOPE Grant Program Dollars
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HOPE Grant Program* Dollars
$92,981,669
$71,934,586 $73,024,623 $54,926,571
SIWDG, $4,756,739
$8,907,734
$17,662,681
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
FY2012 FY2013 FY2014 FY2015
Dolla
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HOPE Grant SIWDG Zell Miller Grant
* HOPE Grant Program includes HOPE Grant, SIWDG and Zell Miller Grant
FY2015 Total: $81,512,415
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OUR MISSIONTo promote and increase access to education
beyond high school for Georgians.
OUR VISIONTo be the premier provider of student financial
aid and educational services for Georgians.
Preservation of the HOPE Scholarship ProgramThe Impact of HOPE: 1993 2015HOPE Program StructureThe Impact of HOPE TodaySlide Number 52011 Reforms2011 Reforms & the Factor RateSlide Number 8HOPE Program Before & After 2011 ReformsHOPE Scholarship Students & DollarsBefore & After 2011 ReformsHOPE & Zell Miller ScholarshipsAfter 2011 ReformsHOPE Grant Students & DollarsBefore & After 2011 ReformsSlide Number 13HOPE Award Growth vs. Tuition GrowthHOPE Scholarship & TuitionHOPE Scholarship & TuitionHOPE Scholarship & TuitionHOPE Scholarship & TuitionHOPE Grant, SIWDG & Zell Miller GrantHOPE Grant, SIWDG Award Amounts & TuitionZell Miller Grant, SIWDG Award Amounts & TuitionHOPE Grant Program DollarsSlide Number 23Slide Number 24