Financial Aid Update: 200708 and Beyond

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Operation Inform 07
Financial Aid Update 2007-08 and Beyond 
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Todays Program

• FAFSA application process changes
• Information on federal and state grants
• Important to note
• SUNY Financial Aid Days
• January 19th, 2008 or February 2nd, 2008
• College Goal Sunday
• February 11th, 2008

Operation Inform 2007-08
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2008 2009 FAFSA

• Online is preferred
• Question 21 regarding Selective Service
• Applicant must bubble either male or female
• Question 27 regarding high school graduation
  requirement
• Must answer H.S. Diploma, GED, Home Schooled or
  Other

Operation Inform 2007-08
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2008 2009 FAFSA

• Need analysis changes
• Increase Student Income Protection
• Allowance
• Reduce the of student contribution from
• assets from 35 to 20
• Elimination of Family Owned Controlled
• Business from asset considerations

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FAFSA4casterLets students and parents receive
an early estimate of eligibility for federal
student aid. It will increase knowledge of the
financial aid process and provide an opportunity
to investigate other sources of aid (e.g.
grants, scholarships).
http//www.fafsa4caster.ed.gov
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FAFSA4caster

• Provide general information about federal student
  aid
• Foster early awareness and create familiarity
  with the financial aid application process and
  form
• Serve as an early analysis tool informing college
  affordability
• Reduce the time required to submit the "official"
  financial aid application in the student's senior
  year and beyond

Operation Inform 2007-08
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Federal and State Grants

• Academic Competitiveness Grant (ACG)
• The National Science Math Access to Retain
  Talent Grant (SMART Grant)
• NYS Math Science Teaching Incentive Program
• NSF Scholarships in Science, Technology,
• Engineering, and Mathematics (S-STEM)

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Common Eligibility for ACG and SMART Grant

• Student Eligibility
• U.S. Citizen Only eligible non-citizens do not
  qualify
• Pell Grant recipient during the same award year
• Full-time enrollment for payment period
• Enrolled in degree program
• Progression by student academic year
• Only one scheduled award for each academic year

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Academic Competitiveness Grant (ACG)

• First and second academic years of a two or four
  year degree program
• Completion of rigorous high school program of
  study
• GPA at least 3.0 as of the end of the first year
• Student Receives
• 1st academic year - 750
• 2nd academic year - 1300

Operation Inform 2007-08
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Academic Competitiveness Grant (ACG)

• Rigorous High School Program (NYS)
• Graduate from high school with an Advanced or
  Honors Diploma (regents with honors)
• Minimum of two AP or IB courses with scores of 3
  for AP and 4 for IB
• Passing grades in the following courses
• 4 years of English
• 3 years of math (Algebra I and higher)
• 3 years of science (2 must be biology, chemistry
  or
• physics)
• 3 years of social studies
• 1 year of foreign language

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The National Science Math Access to Retain
Talent Grant (SMART Grant)

• Third and fourth academic years of a four year
  degree program
• Student must be in SMART Grant designated major
• GPA of at least 3.0 at each disbursement
• Student Receives
• 3rd academic year - 4000
• 4th academic year - 4000

Operation Inform 2007-08
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NYS Math Science Teaching Incentive Program

• Provides awards to students attending school at
  the undergraduate or graduate level in exchange
  for five years of full-time employment as
  secondary math and science teachers.
• To be eligible
• Must have completed at least one term of
  collegiate full-time study
• Be a U.S. citizen or eligible non-citizen
• Be matriculated in an approved undergraduate or
  graduate program
• at a degree-granting institution in New York
  State leading to a career as a math or science
  teacher in secondary education
• GPA of at least 2.5
• Not have a service obligation under another
  program
• Not be in default on a student loan
• For more information, please visit
  http//www.hesc.com/

Operation Inform 2007-08
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NSF Scholarships in Science, Technology,
Engineering, and Mathematics (S-STEM)

• Emphasizes the importance of recruiting students
  to science and engineering disciplines through
  degree completion, and partnering with employers
  to facilitate student career placement in the
  STEM workplace.
• May be for up to five years and may provide
  individual scholarships of up to 10,000 per
  year, depending on financial need.

Operation Inform 2007-08
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NSF Scholarships in Science, Technology,
Engineering, and Mathematics (S-STEM)

• Requirements
• Must demonstrate academic talent and financial
  need
• Must be a US citizen, permanent resident,
  national or refugee.
• Enrolled as a full-time student in the following
  disciplines
• biological sciences (except medicine and other
  clinical fields)
• physical sciences, including physics, chemistry,
  astronomy, and materials science
• mathematical sciences
• computer and information sciences
• geosciences
• engineering
• technology areas associated with the preceding
  fields (for example, biotechnology, chemical
  technology, engineering technology, information
  technology, etc.)

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Important to Note

• Undocumented Students
• Ability to Benefit

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Undocumented Students

• Certain nonresident students, including
  out-of-status students, and students who are
  undocumented students, are eligible for the
  resident tuition rate if they fall into one of
  the following categories
• They attended for at least two years and
  graduated from an approved New York State high
  school and applied for attendance at a SUNY
  state-operated or community college within five
  years of receiving a New York State high school
  diploma
• They attended an approved New York State program
  for General Equivalency Diploma preparation,
  received a General Equivalency Diploma issued
  within New York State, and applied for
  attendance at a SUNY state-operated or community
  college within five years of receiving the GED
• Must submit to the campus a notarized affidavit
  stating that the student has filed with INS an
  application to legalize their immigration status
  or will file such application as soon as they are
  eligible to do so.

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Ability to Benefit

• Students who do not have a certificate of
  graduation from a recognized school within the
  United States providing secondary education (a
  high school diploma or recognized equivalent),
  must attain a passing score on a federally
  approved ability to benefit (ATB) test that has
  been independently administered and evaluated as
  defined by the Commissioner of the State
  Education Department to receive New York State
  funded grants or scholarships including Tuition
  Assistance Program (TAP) awards.
• This could provide an avenue for students who
  dont graduate, drop-out or have problems that
  prevent them from graduating.

Operation Inform 2007-08
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Thank You!Questions?
Operation Inform 2007-08