Financial Aid Advisory Council
2008-09
Financial Aid Advisory Council
Minutes of Meeting
Thursday, April 16, 2009
2:00 p.m. – Room 4370
Present – Roger K. Miller, Joy Arra, Mike Collins, Laura Cosby, Dennis Bertch, Mary Lawrence, Steve Doherty, Erick Martin, Carol Heeter, Makida Coulter, Laura Converse.
Absent – Sue Newington, Carol Malinson, Michael McCall
APPROVAL OF MINUTES
Minutes from February 19, 2009 were approved as submitted.
OLD BUSINESS
Miller stated the college received an additional $18,000 in Michigan Nursing Scholarship funds. Six additional scholarships were awarded.
NEW BUSINESS
Scholarship Update
Miller reported 16 private sector funded scholarships were promoted. Six of the 16 scholarships did not receive eligible applicants.
Financial Aid Budgets – 2009-10
-Miller distributed copies of the 2009-10 Student Financial Aid Budgets. All budget components were rolled over from 2008/2009, with the exception of book and supplies. This was increased to $50 per credit hour. (This represents a $5 increase from prior year). Martin asked if a student’s budget could be increased to reflect the cost of required equipment for welding classes. Miller indicated this could be done on an individual basis. We do this for other programs as needed to benefit the student. It would be handled on a case-by-case basis.
-The bookstore cap for 2009-10 will be $600. This represents a $100 increase from the previous year.
Financial Aid Processing – 2009-10
-To improve efficiencies, the banner auto loan packaging functionality will be activated beginning with the 2009-10 award year.
-The ACG grant will consider eligible non-citizens and students who are enrolled a minimum of half-time. Students pursuing a certificate degree will also be eligible for the ACG.
-Awarding for 2009-10 will begin the last week in April. The disbursement datesfor the next award year are yet to be determined. The move to HigherOne delivery of credit balance/refunds will have a bearing on these dates.
-Ability to Benefit – Ability to benefit students will be able to demonstrate ATB by completing 6 credits hours with a 2.0 or better. Eligible courses are those that apply toward an eligible certificate or degree, including transitional coursework within the eligible program.
-Effective July 1, 2010 for the 2010 fall semester, students must have access to textbook requirement information, including cost, at the time of registration. This will require faculty to order text books in a timely manner.
2009-10 Federal Title IV Campus-Based Programs - Final Funding Notification
Miller reported the 2009-10 funding levels for SEOG and Federal Work Study. SEOG was increased by $29,602 over the prior year for a total of $199,113. Work Study was increased by $2,891 over the prior year for a total of $200,000.
2009-10 Pell Grant
-Miller reported that Pell grants will increase by 13.1% for 2009-10. The maximum award will be $5,350, a $619 increase over the prior year maximum Pell of $4,731.
-During the 2008-09 academic year 4089 students were awarded Pell grants, an increase of 6.9%.
2009-10 Michigan Campus-Based Funding/MichiganCollege Access Grant
New for 2009-10 - Miller stated that there is a proposal under review that would combine Michigan Campus based funds; MAPTG, MEOG,MWS, Michigan Competitive Scholarship, Michigan Nursing Scholarship and Michigan Tuition Grant to be rolled into a new grant program called the Michigan College Access Grant. It is expected that funding for many students will increase because of this change while some students, particularly, Michigan Nursing Scholarship and Michigan Competitive Scholarship recipients will see a decrease in funds.
Miller reported that students will need to complete the FAFSA by March 1 and have an EFC number of 7750 or lower in order to qualify for the Michigan College Access Grant. A full time student would receive $1,000, three-quarter-time student $750 and a half-time student $500. More students at KVCC will be eligible for funds under the new grant.
2009-10 KVCC Trustee Funding
KVCC Trustee funding will roll flat for 2009-10.
2009-10 KVCC Foundation Funding
It is anticipated that at a minimum, the KVCC Foundation funding will roll flat for 2009-10.
HigherOne Update
Miller and Lawrence gave an update on “HigherOne” and credit balance/refunds. Representatives from HigherOne will visit KVCC on Thursday, April 30, 2009 for an official “kick-off” of the Higher One Program. There will also be Card and Refunds Committee and Marketing and Education Committee meetings.
Tuition Delay Upate – Winter 2009
Miller reported that there has been a significant increase in the number of tuition delays approvedfor 2008-09. There were 549 tuition delays approved for the 2009 winter semester, compared to 300 delays approved for the 2008 winter semester. Miller noted that all outstanding tuition delays have been resolved.
Appworx - UC4
Miller announced the Board of Trustees and the President approved the purchase of this scheduling software. The new software has artificial intelligence sufficient to run all necessary banner processes to download FAFSA records on a daily basis and generate award letters, not eligible letters and tracking letters.
IPEDS
Miller reported 2008/2009 Financial Aid IPEDS data was submitted to the Research Office as requested. The segment of prior year IPEDS data that was optional was upgraded to “required” for 2008/2009.
Attendance Monitoring Winter 2009 – Round II
Miller gave an update on Winter 2009 attendance monitoring for second 8 weeks. 183 students were administratively dropped from classes due to non-attendance. Out of the 183 students, 133 of these students had their financial aid awards adjusted which resulted in 126 students owing the college money ($67,745).
OTHER
-Miller announced that he, Sue Newington, Bob Bechtel, Joy Arra, and Makida Coulter will attend a Michigan Guaranty Agency sponsored workshop on May 13 at the KVCC TexasTownship Campus.
-Miller assisted in the selection of the 2009 EFE Outstanding Senior Scholarship recipients.
AGENDA ITEMS NEXT MEETING
Miller asked for any agenda items for next meeting to be submitted to himself or Newington
NEXT MEETINGS
Schedule for 2009/2010 to be determined.
MEETING ADJOURNED
Miller adjourned the meeting.