arkansas department of higher education universal financial aid system
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Arkansas Department of Higher Education Universal Financial Aid System. Arkansas Department of Higher Education Universal Financial Aid System. www.adhe.edu. Launched on January 1, 2010 Search and apply for all ADHE administered scholarships and grants at one time - PowerPoint PPT PresentationTRANSCRIPT
Arkansas Department of Higher EducationUniversal Financial Aid System
Arkansas Department of Higher EducationUniversal Financial Aid System
Launched on January 1, 2010Search and apply for all ADHE administered
scholarships and grants at one timeReceive e-mail status notificationsAvailable all year, but deadlines built into processingConnects to multiple government datasets to reduce
applicant input and error.Manage your account 24/7 to include:
Updating personal information and collegeReviewing transcript and test score information
www.adhe.edu
2007 2008 2009 20100
40000
80000
120000
160000
13,661 13,755
23,105
125,170
Financial Aid Applications
2010
2009
2008
2007
0 20,000 40,000 60,000
53,533
7,645
7,080
6,176
Academic Challenge Scholarship
• EVERY ELIGIBLE TRADITIONAL STUDENT WAS AWARDED A SCHOLARSHIP – More awards than budgeted. – More going to Universities than projected.
• EVERY ELIGIBLE CURRENT ACHIEVER STUDENT WAS AWARDED A SCHOLARSHIP – $41.5 million was budgeted for current achievers.– Fewer students met this criteria than projected.
• 4,986 NONTRADITIONAL STUDENTS– $12 million was budgeted for nontraditional students. – A priority/ranking system is in place for : 70% closeness to
degree, 20% GPA, 10% high demand field of study.
The Good News
By Friday evening we anticipate that: • EVERY ELIGIBLE 2 YR COLLEGE
NONTRADITIONAL STUDENT WILL BE AWARDED A SCHOLARSHIP– EARN-INS (currently enrolled) – DELAYED (Adults going to college for the first
time)• EVERY ELIGIBLE 4 YR NONTRADITIONAL
DELAYED STUDENT WAS AWARDED A SCHOLARSHIP– Waiting list for Earn-ins
More Good News
The Good News• A total of 25,815 students have been awarded the Academic
Challenge scholarship for Fall 2010. Arkansas will triple the amount of students receiving the academic challenge scholarship from 8,282 last year.
• There are 4 types of student receiving funding:– 4,906 are students who were awarded the Academic challenge
in previous years.– 12,493 traditional students have been offered the award
• Of the 37,049, nontraditional students:– 4,987 met the Current achiever definition and were offered the
scholarship– 4,986 will be offered the Nontraditional scholarship.
• Of those not receiving funds, 27,305 applications are ineligible to date.
High School 16,905
Student Issues:• Missing transcripts• Missing ACT• Missing FAFSA• Smartcore• Not responding to emails
or reviewing accounts
Academic Challenge (Traditional) 16,905
Paper Transcripts 4,801From Private
and home school
Electronic12,104From
Public high schools
FAFSACitizenship: US & AR
Register for DraftNo loan default
Matching up
Records
Process Issues:• Could not determine what was missing
until paper transcripts reviewed • Missing ACT• Missing FAFSA• Multiple scholarship criteria
As of July 30, All traditional students notified of their status
Every student who qualifies will be funded –even if later.
High School Process • High School Student process worked rather
well. Issues were/are:– Some student data from a few school districts did
not correctly populate the ADE database. Most of these issues were discovered early.
– Home school and private school transcripts are paper and require manual review.
• Largest complaint: – 2.5 and ACT 19 or equivalent for non-Smart Core
students.
Process Issues:• Could not determine what was
missing until paper transcripts review ed
Nontraditional and Current
Achievers36,707
Student Issues:• Missing transcripts; Missing ACT/or other• Missing FAFSA• Not response to emails or reviewing accounts
Academic Challenge (Nontraditional) 36,707
Paper and ‘electronic transcripts’ from public and private colleges have to be reviewed to determine what category:
FAFSACitizenship
Register for DraftNo loan default
Matching up
Records
• Current achiever legislation category required revision of software: available June 15• 15k applications from May 15-May 30• Sorting of transcripts: 1. Multiple transcripts; 2. determine current achiever; 3. prioritization
• New category added as part of the 2010 Legislative changes to the Lottery Act
• Students had already applied • Required extensive edits to the software program.
• Current Achiever criteria• Full-time in college since high school and 12 hours have to be at an
approved institution– Have to look at every term to determine
• At least 2.5 GPA • Prioritization: closeness to degree, GPA, workforce need
• Issues• All transcripts had to be manually processed.• Multiple transcripts• Recalculated GPA and hours attempted for those with many transcripts • Incomplete applications• Have to process all applications before ranking
Nontraditional/Current Achiever Process
Addressing the Volume of Applications
• Early on ADHE redirected 5 FTE to work with the scholarship staff in processing applications.
• In early June, ADHE hired 3 temporary workers to assist with filing transcripts.
• In July, ADHE contracted for 48 fulltime people under that arrangement.
• In July, ADE provided 9 staff members to help review transcripts.
• Current Achiever:– Limited funds and thus prioritization of applicants is required.
• Adult Learners– 70% is closeness to degree, 20 % is GPA, 10% is major– Current achievers who did not meet the full CA criteria were
considered for the nontraditional earn-in funding.
Addressing the Volume of Applications
Academic Challenge Scholarship(Traditional)
Total: 16,903
Awarded12,451 (73.66%)
Declined Award99 (0.59%)
Ineligible to date 4,337 (25.65%)
ACTGPA
Incomplete Application
Awarded9,973 (26.92%)
Declined24 (0.06%)
Eligible (Not Awarded)
3,861 (10.42%)
Ineligible to date23,148 (62.47%)
ACTGPA
Incomplete ap-plication to date
Academic Challenge Scholarship(Non-traditional/Current Achiever)
Total: 37,049
Arkansas Academic Challenge Lottery Scholarship Funding2010 - 2011
EXPENSE DETAIL
Cohort 2010 -11 Students Annual ExpendituresTraditional 12,444 $ 55,687,500Challenge Pipeline 4,944 $ 23,479,500 Current Achievers 4,977 $ 24,087,500 Non Traditional 4,986 $ 17,900,000
Grand Total 27,351 $121,154,500
We anticipate spending the balance of the $41.5 million allocated for Current Achievers in either the Current Achievers or Nontraditional categories prior to June 30, 2011.
This will increase the total 2010-2011 expenditure to $132.6 million.
Expenses
• Things to think about . . .– Budgets are for a fiscal year and the year has just
begun– Funding required to be available for the November
1 deadline– Funding students in the pipeline through to
graduation
Moving Forward
• There will be additional expenditures for the academic year 2010-2011
• New awards to students who have a previous Academic Challenge award, due to processing summer school credits
• Error corrections will add to student awards• Current Achiever and Non Traditional students
may apply for spring awards until November 1, increasing the number of awards