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2012-13 Budget Act Changes August 1, 2012

2012-13 Budget Act Changes August 1, 2012. California Student Aid Commission. Cal Grant Eligible Lists. www.csac.ca.gov. Eligible or Ineligible.

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2012-13 Budget Act Changes August 1, 2012

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  1. 2012-13 Budget Act ChangesAugust 1, 2012 California Student Aid Commission

  2. Cal Grant Eligible Lists www.csac.ca.gov

  3. Eligible or Ineligible • Eligible – institutions that are below the cohort default rate (CDR) of 15.5% and above the graduation rate of 30%. No awarding/disbursement restriction to Cal Grant recipients. • Exception one – Schools with less than 40% or less borrowing federal loans • Exception two – Schools with a CDR or less than 10% and a graduation rate above 20 percent for students taking 150 percent or less of the expected time to complete degree requirements • Ineligible – institutions that do no meet the CDR and graduation threshold rates. Institution may not receive and disburse Cal Grant funds to NEW recipients. Renewals may receive Cal Grant funds but at the 20% reduction.

  4. Cost Estimate Screen in WG

  5. Ineligible Institution – New Award

  6. Ineligible Institution – New Award Correspondence

  7. Ineligible Institution – New Award WebGrants for Students

  8. Ineligible Institution – Renewal

  9. Ineligible Institution – Renewal Award Correspondence

  10. Ineligible Institution – Renewal Award WebGrants for Students

  11. Eligible Institution Awards New and Renewal Cal Grant A and B recipients at private and independent institutions will have the maximum T/F award reduced by 5% from $9708 to $9223. New and Renewal Cal Grant C recipients will have the T/F award reduced by 5% from $2592 to $2462 and B/S reduced by 5% from $576 to $547. These students will be notified via email of their award reduction the week of August 6.

  12. Eligible Institution Awards New and Renewal Cal Grant B – Access only students received a 5% reduction from $1551 to $1473. These students will not receive a formal notification, but can see the award reduction in their WGS account and the budget language on the WGS home portal

  13. Grant Operations Memo

  14. Cal Grant C & Top 2 % 2012-13 Cal Grant C scoring/selection and Top 2 % will occur this week and reflected on rosters starting August 6. Cal Grant C will have the priority occupations from the Sb451 changes. Operations Memo will be released by Friday.

  15. 2012-13 Fall Term Advance Scheduled for Tuesday, August 14. Eligible Institutions will receive a 50% fall term advance. Ineligible Institutions will not receive a term advance, but rosters will be open to pay renewal students. Reimbursements will be made through the weekly supplemental process. Institutions that have not submitted IPAs by August 14 will not receive a term advance and rosters will remain in halt pay status.

  16. Questions/Feedback Thank you for your participating in today’s webinar. Please take a few minutes to fill out the survey when you exit WebEx. Your feedback will help us improve future webinars. School Support Services PHONE: 888-294-0153 (for school administrators only) EMAIL: schoolsupport@csac.ca.gov

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