1 / 26

State Update

State Update . Fall 2010 Raleigh, North Carolina Steven E. Brooks Executive Director North Carolina State Education Assistance Authority. State Grants and Scholarships Update. Record year 2008-09: State grants, scholarships, and scholarship-loans $369 million + 31% Awards made

kipling
Télécharger la présentation

State Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. State Update Fall 2010 Raleigh, North Carolina Steven E. Brooks Executive Director North Carolina State Education Assistance Authority

  2. State Grants and Scholarships Update Record year 2008-09: • State grants, scholarships, and scholarship-loans $369 million + 31% • Awards made 196,000 +21%

  3. State Grants and Scholarships Update State Budget Issues: • Phase outs of three existing programs • EARN ends fall 2009 (eligible for loans) • FTNC ends spring 2010 (eligible for PTSL) • NCSSM ends spring 2010

  4. State Grants and Scholarships Update Major Aid Program Budgets for 09-10: • Community College Grant 13.9 million • UNC Need Based Grant 139.4 million • NCLTG 55.5 million • SCSF 44.0 million • Education Lottery Scholarship 40.0 million* • NCSIG 5.9 million

  5. State Grants and Scholarships Update Major Aid Budgets for 10-11 (Continuation Budget): • Community College Grant 13.9 million • UNC Need Based Grant 116.4 million • (-$23 million) • NCLTG 55.5 million • SCSF 44.0 million • Lottery Scholarship 40.0 million (receipts) • NCSIG 5.9 million • Conflicting aid start-up and legislative calendars • Escheat Fund also at issue

  6. Legislative Study Committee How best to use State funds…availability and sustainability How best to administer State funded student aid Current governance of NCSEAA Feasibility of consolidating scholarship, loan and grant programs for North Carolinians for which FAFSA is required Feasibility of consolidating loans, grants and scholarships for teacher education students Qualifications for each loan, scholarship and grant administered by NCSEAA, purpose for which the aid is awarded; what makes it similar or unique Marketing strategies for grants, loans and scholarships to be more transparent, understandable and accessible

  7. Outreach and Training Report -New Financial Aid Administrator Training Cumulative through October 2009  – 495 participants (since first training in 2003) 34 newly trained in October 2009 Next “New” FAA Training will be in the spring of 2010 – March – exact dates will be announced soon  Thanks to Jane Kanipe and to NCSEAA and NCASFAA professionals for the curriculum and the training Thanks to CFI for providing the welcoming site

  8. Outreach and Training Report - FAFSA DAY Thank You, NCASFAA!! • February 2009 • 66 sites across the state – 60 counties • Over 750 volunteers • Over 4,500 students and families • February 2010 • 97 counties across North Carolina • Thanks to State Employees Credit Union - SECU • SEAA will train SECU staff “volunteers” • 7 days in Dec./Jan. for “Training the Trainers” • SECU staff we train will then train additional SECU staff • Expect to have a “FAFSA Day Central” phone bank for questions volunteers cannot answer

  9. Training and Outreach Report – High School Counselor Workshops • NCSEAA/College Board • Annual Financial Aid Training • 415 counselors at 4 workshops • NCSEAA/CFNC • Annual Financial Aid Training • 130 counselors at 2 workshops • Davidson College/NCSEAA – “Financial Aid 101” • 300 counselors at 5 workshops Thanks to Robbie Schultz and SEAA staff

  10. CFNC Update

  11. CFNC Statistics • College going rate compared to other states • In 1999, as CFNC was launched, North Carolina ranked 38th, at 21.3%, below the national average of 27.7%, in college participation rate of low income students • In 2008, North Carolina ranked 22nd, at 26.2%, above national average of 25.7%, in college participation rate of low income students • From 1999-2008, college enrollment of low income students in North Carolina increased by 4.9 percentage points, while nationally their enrollment actually decreased by 2.0 percentage points

  12. CFNC Statistics CFNC free user accounts created: YearAnnualCumulative 06-07 429,768 1,663,108 07-08 491,163 2,154,271 08-09 571,247 2,725,518

  13. CFNC Statistics Visitor count and duration of visits on CFNC website: YearUnique DailyAverage Visit VisitorsDuration 06-07 8,062 11.5 minutes 07-08 10, 393 13 minutes 08-09 11,343 12 minutes

  14. CFNC Statistics Number of college applications filed using CFNC: YearApplications for Admission 06-07 249,692 07-08 309,482 08-09 396,940

  15. CFNC Statistics Number of high school transcripts sent to colleges: YearTranscripts Submitted 06-07 13,932 07-08 40,872 08-09 60,042

  16. CFNC Statistics Awareness of the service among parents and students: YearPrompted Awareness Percentages 2001 students: 33% 2002 students: 83% 2004 students: 84% parents: 81% 2006 students: 93% parents: 88%

  17. CFNC Statistics Attendance at special events: YearFAFSA Day 06-07 3,076 students, 559 volunteers, 52 sites 07-08 3,600 students, 650 volunteers, 56 sites 08-09 4,500 students, 750 volunteers, 65 sites YearCollege Admissions Week 06-07 1,038 applications, 876 students, 15 high schools 07-08 21,445 applications, 12,808 students, 109 high schools 08-09 37,903 applications, 19,356 students, 293 high schools

  18. CFNC Statistics Outreach visits to middle and high schools: YearVisits and Presentations 06-07 2,821 visits/presentations 07-08 2,764 visits/presentations 08-09 2,740 visits/presentations Calls and emails to the CFNC Call Center in Raleigh: YearCalls and Emails Received 06-07 112,436 calls 07-08 135,044 calls; 12,964 emails 08-09 156,241 calls; 13,496 emails

  19. CFNC Statistics Increases in applications/enrollments of needy students: YearNC FAFSAsPell Grant Recipients 06-07 224,302 139,904 07-08 236,492 147,629 08-09 274,318 not yet available

  20. FAFSAs in North Carolina over time

  21. North Carolina FAFSA Filers, 2003-04 through 2009-10

  22. North Carolina FAFSA Filers by Sector, 2009-10 Year to Date

  23. 529 Savings Program Update • Investments exceeded $500 million on October 19 • 71,222 accounts as of October 26, 2009 • 18.1% increase since October 31, 2008 • 13 investment options available: • 3 age-based;10 individual funds • 11 Vanguard funds; 2 North Carolina Managers • NCM Capital Management • NC State Treasurer • North Carolina state tax deductible contributions • $5,000 on joint return; $2,500 individual • No income limit

  24. Cohort Default Rates About 915 additional borrowers per year would default if our rate were only the national average! YearSEAA RateNational Average

  25. Impact of Potential Federal Legislation on North Carolina • What has the FFEL Program Paid for in North Carolina? • Loans • higher level of service/default prevention • lower prices for borrowers • Grant Administration – all state grants at SEAA and CFI • Saving Administration – NC 529 Program • Outreach • CFNC web and telephone services • FAA and Counselor Training • Counselor Internships • FAFSA Day • And more

  26. An uncertain future:Change is inevitable…except from vending machines Your State agency and non-profit expect to to be here for you and your students Advice: be ready for Direct Lending for next year in case it is forced upon you Request: keep your FFEL powder dry in case you do get a choice can support the State’s services while helping your borrowers

More Related