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Oregon Opportunity Grant & Shared Responsibility Model

Oregon Opportunity Grant & Shared Responsibility Model. Oregon Student Access Commission Josette Green, Executive Director September 14, 2012. Agenda. Who is the Oregon Student Access Commission? Defining affordability with the Shared Responsibility Model

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Oregon Opportunity Grant & Shared Responsibility Model

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  1. Oregon Opportunity Grant & Shared Responsibility Model Oregon Student Access Commission Josette Green, Executive Director September 14, 2012

  2. Agenda • Who is the Oregon Student Access Commission? • Defining affordability with the Shared Responsibility Model • The state of the Oregon Opportunity Grant www.OregonStudentAid.gov

  3. Oregon Student Access Commission Mission To create a college-going culture for all Oregonians by providing access through information, mentoring, and financial support. Vision An organization of innovation and excellence in a leading college-going state.

  4. OSAC High School Middle School Post- secondaryEducation or Training Elementary Kindergarten

  5. OSAC Advocates for All Students

  6. Shared Responsibility Model A definition of affordability for Oregon starting in 2008-09.

  7. SRMComponents Average Cost of Attendance (public 2-yr or 4-yr) -Student share (work, loan, savings, scholarships, etc.) -Family share (Expected Family Contribution) -Federal share (Pell amount and/or Tax Credit) = Unmet need = Opportunity Grant award up to current award max.

  8. 2012-13 Full Need Student • $19,976 (Pub or Priv4-yr) • — $8,700 (Student Share) • — $0 (Family Share) • — $5,550 (Federal Share) • = $5,726 (Unmet need) • = $1,950 OOG award • $16,539 (Public 2-yr) • — $5,700 (Student Share) • — $0 (Family Share) • — $5,550 (Federal Share) • = $5,289 (Unmet need) • = $1,950 OOG award

  9. Projected Student ImpactSource: Fact Sheet “Senate Bill 334 Shared Responsibility Program, 2007 Legislative Session” Establishing the “shared responsibility” Oregon Opportunity Grant would: • Increase the number of eligible students while continuing to assist currently eligible students. • Extend grant aid to many middle-income families currently not eligible for an OOG • Increase average grant size • Assist half-time students (6 credit hours) • Enable students with financial need to be able to work their way through college, with lower borrowing amounts for many students • Help increase educational attainment in the state, bolstering the ability of Oregonians to contribute to the economy and society.

  10. Oregon Opportunity Grant The State of Today

  11. Thank You Legislators

  12. Eligible OOG Applicants vs Recipients

  13. Maximum OOG Awards

  14. OOG Disbursements

  15. Graph of OUS T and F and ave OOG amount.

  16. OOG vs. Tuition & Fees

  17. OOG vs. Cost of Attendance Cost of Attendance includes tuition & fees, room & board, books & supplies, transportation, and miscellaneous personal expenses.

  18. Demographics of OOG

  19. Demographics of OOG cont.

  20. OOG Issues Today • Our students need more $. • Funding late entry students not just early applicants. • What is the purpose of OOG – to drive access, completion or both? • Lack of research in understanding the program and its outcomes. • Effective utilization of the SRM in today’s environment. • Providing hope, simplicity and inspiration with the $.

  21. Contact Information Josette Green, Executive Director Oregon Student Access Commission Phone: 541-687-7377 Email: josette.l.green@state.or.us www.OregonStudentAid.gov

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