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STATE PROGRAMS UPDATE2018 SCASFAA Annual ConferenceMarch 2018

STATE PROGRAMS UPDATESOUTH CAROLINA STUDENT LOAN:SC TEACHER LOAN PROGRAM

2017-2018 program status All funding has been exhausted. Teacher Loan Program Career Changer Loan Program PACE Program

2018 Teacher Loan Timeline January Approved critical subject and areas provided February SAT average: 1058 (ERW and Math) ACT average: 18 SCSLC website updated with critical areas and 2018 application March Paper applications received from print, available to College Financial Aid Offices Reminder emails sent to all previous loan recipients Emails sent to all high school counselors and added to the state counselor list serve

Marketing Efforts began to reimplement marketing efforts spring 2017 Digital ads and Facebook posts Email to all renewal borrowers CACRAO respresentation Notification to all guidance counselors my email and visits

Proposed changes Proposed changes in Fall 2017 to increase program awareness andrecruit more SC teachers Increase loan volume for juniors, seniors, and grads to 7,500 from 5000 Simplify school certification to reduce administration cost for loanorigination Simplify cancellation for current teachers Remove critical area and critical subject obligation Cancel 33 1/3% or 5,000 for all SC teachers

Contact information Website: www.scstudentloan.org Email: LPrograms@scstudentloan.org Phone: (800) 488-9875 Direct ContactRay JonesVP of Loan Programs(803)612-5062rjones@scstudentloan.org

Find Your Joy!

STATE PROGRAMS UPDATESOUTH CAROLINA TUITIONGRANTS COMMISSION

SOUTH CAROLINA TUITION GRANTS STAFFKatie Harrison, Executive DirectorEarl Mayo, Deputy DirectorZach Christian, Financial Aid Counselor/IT DirectorGena Miles, Finance Officer

PROGRAM OVERVIEWA Need-Based Grant Program for students attending one of 21 eligibleSouth Carolina Independent colleges.Since creation in 1970, over 985 million in Tuition Grants awarded toover 437,000 students.Provides South Carolina residents the opportunity to afford to attendthe in-state college that best meets their academic needs.

HOW TO APPLYComplete the FAFSA:www.fafsa.govAVAILABLE OCTOBER 1, APPLY USING PRIOR-PRIOR YEAR DATA (2017)Each year, the FAFSA must be received by the federal processor byJUNE 30thA new FAFSA is required by the deadline every year

STUDENT ELIGIBILITYBased on Financial Need as calculated using FAFSA data– Must meet allFederal aid eligibility requirements.Must be South Carolina residents (parents of “dependent” students must bepermanent South Carolina residents). Tuition Grants Program utilizes stateresidency guidelines established by Commission on Higher Education.Grant awarded for 2 semesters. Must attend full-time and must attend Fallterm. Not attending Fall term forfeits the Tuition Grant for the full year.Not available for Summer terms.Tuition Grants limited to four years (five-year programs exception).Eligibility restricted to first four-year degree.

ACADEMIC REQUIREMENTSIncoming Freshmen must rank in top 75% of graduating class OR score900 on SAT (Math and Evidence-based Reading and Writing Sections only) ORscore 19 on ACT OR graduate from a South Carolina high school witha final GPA of 2.0 on the SC Uniform Grading Policy.Continuing students who enroll full-time for the Fall & Spring Termsmust pass 24 credit hours per year AND meet the college’s FederalSatisfactory Academic Progress Requirements. AP/Dual Enrollmentcredits from high school may count toward this requirement duringthe freshman year.

REVIEW OF 2016-2017 AND 2017-2018 AWARD YEARSFunding Cutoff Date:Applications Received:Commitments Made:Grants Realized:Average Grant:2016-20172017-2018June 30, 201633,37827,45813,214 2,897June 30, 201736,608 ( 9.97%)30,862 ( 12.40%)13,615 ( 3.03%) 2,920 (estimate)

STATE LEGISLATIVE REPORTORIGINAL BUDGET REQUEST:Increase funding by 3.13 million (adjusted to 2.13 million) inrecurring funds to increase Maximum Grant by 150 to 3,350Current Status: Governor’s Executive Budget recommended NOincreases for the Tuition Grants Program. Requested increase was notincluded in the State Budget passed by House. Budget Requestpresented to Senate Finance Higher Education Subcommittee onFebruary 22. Budget is next considered by full Senate FinanceCommittee which will submit its recommendation to the full Senate.

2018-2019 MAXIMUM GRANTMaximum Grants for 2018-2019 have been approved at 3,200 for allTraditional Program students at all colleges.Grant amounts for approved Non-Traditional programs at participatingcolleges/universities range from 670 - 3,200.

TENTATIVE ELIGIBILITY NOTICESThe Commission began its 2018-2019 award cycle on March 13. TentativeEligibility Notices are sent on a weekly basis via a new web-based platform.This year, there will no longer be a three-way identity match as previouslyrequired because all Personally Identifiable Information (PII) has beenremoved from the notification process.A huge THANK YOU to the South Carolina Student Loan Corporation for a13-Year partnership assisting the Commission with its Tentative EligibilityNotifications process saving the Commission (and state taxpayers) over 175,000 in postage alone!

OTHER UPDATES2018-2019 Policies & Procedures Manual sent to all colleges on March15 – PPM Review Signature Form due back by Financial Aid Directorsno later than April 2Enhanced data security controls have been implemented, includingrequired authorized contact confirmation, updated policy concerningdisclosure of applicant information, and more public disclosuresconcerning redaction requirements and privacy policyAnnual SCTG Financial Aid Administrators Meeting potentially movingto late spring/early summer – stay tuned!

NEXT COMMISSION MEETINGJune 5, 201810:30 AMSCICU Office1706 Senate StreetColumbia

CONTACT INFORMATIONSouth Carolina Tuition Grants Commission115 Atrium Way, Suite 102; Columbia, SC 29223(803) ants.orghttps://sctuitiongrants.org

SC INDEPENDENT COLLEGES AND UNIVERSITIES1)2)3)4)5)Association of 20 South Carolina independent colleges501 (c)(3) Non-Profit OrganizationLocated at 1706 Senate Street in ColumbiaWebsite: www.scicu.orgFour staff members:Mike LeFeverEddie ShannonBrenda TorrenceShay WestPresident & CEOExecutive Vice PresidentDirector – Finance/AdministrationDirector – Communications

STATE PROGRAMS UPDATESOUTH CAROLINA COMMISSIONON HIGHER EDUCATION

Overview Introductions College Goal SC Residency for in-state tuition purposes Transcripts for verification of scholarship eligibility Council of Presidents Scholarship Task Force Legislative Update

College Goal South Carolina(FAFSA Completion)

College Goal South Carolina College Goal South Carolina – State’sFAFSA Completion Program In October 2017, the FAFSAbecame available in Fall for 1sttime. 26 Pilot High Schools held CollegeGoal events in Fall 2017 Events were supported by localinstitutions, TRIO programs andstate’s professional organizationfor Financial Aid Officers(SCASFAA) Registration will open in Augustthrough SCCANGO.org College Goal South Carolina webpagehas resources to assist!

College Goal South Carolina Successful response to Fall pilots Priority is to increase high school College Goal South Carolina sitesmoving forward. CHE is working with partners to guarantee Financial AidRepresentation at high school College Goal Events (like CAM!)

Residency

Residency New regulation passed; in effect March 23 Brief overview of changes 62-605. Establishing the Requisite Intent to Become a South Carolina Domiciliary. 62-607. Effect of Change of Residency. 62-609. Exceptions. Guidance for students who are SC citizens whose parents are noncitizens http://www.che.sc.gov/CHE rposes.pdf Will review in detail during summer regional workshops

Transcripts/ScholarshipEligibility

CHE/SC Department of Education

CHE/SC Department of Education

Early Graduates Verify graduation date If June graduation date still considered active HS student Cannot use rank

Grading Scale/SAT 10-point grading scale 5.0 scale Eligibility forScholarships SAT Redesign If using SAT; only newSAT for scholarshipeligibility Do not concord new SATwith current ACT 1100 SAT 24 ACT3.0 GPA

LIFE GPA Dual Enrollment GPA counts toward LIFE GPA Dual Enrollment credit hours count toward LIFE 30 hours Dual Enrollment GPA will not translate to college GPA Students need to check with Universities to find out if they willaccept their Dual enrollment credits

OtherGeneral State Scholarship & GrantInformationScholarship Compliance Audits SC HOPE, LIFE & PalmettoFellows Scholarship Spring 2018 US Citizen/Legal PermanentResident* SC Resident* No felony convictions 1 research institution1 comprehensive institutions3 independent institutions4 technical collegesAnnual Paperwork: Palmetto Fellows 62-325 (J); LIFE-62-1200.60 (O); HOPE 62-900.125 (C);Need-base 62-470 (L); LTAP 62-900.170. (F). For detailed information visit: www.che.sc.gov

Summer 2018 Updates

Lottery Tuition Assistance CHE staff met with the staff at the Technical College system to discussavailable LTAP funding for summer 2018. Summer full-time student award amount will be 1,044 or 87 percredit hour for summer 2018.

Financial Aid/ResidencySummer Regional Workshops Topics including but not limited to: ResidencyNew legislationPossible changes to scholarship eligibility requirementsOther issues and concerns We need three volunteer hosts for the Summer Regional Workshop!

Council of PresidentsScholarship Task Force

Background Ad hoc Committee of the Council of Presidents The Task Force held five meetings throughout the months of October2017 to February 2018 Guiding principals Increase focus on need- do no harm to those most in need Give “hope” to those (students and families) who would be uplifted the most (andthereby potentially be the most beneficial for the citizens of the state) Consider the impact of any change on the goals for higher education in the state(i.e., if the goal is to increase the number of college graduates in the state, what isthe potential impact of any change on the total number of graduates) CHE provided administrative support

Change to the Uniform Grading PolicyIn spring 2016 theState Board ofEducation (SBE)adopted a newUniform GradingPolicy, moving from aseven-point scale to aten-point scale.

Current PalmettoFellows AlternativeGPA requirementCurrent PalmettoFellows GPArequirementCurrent LIFE GPArequirement3.00 GPA on the10-point scale isequivalent to a2.375 GPA on the7-point scale

Financial Impact per Scholarship Program2-Year LIFE4-Year LIFE and HOPEPalmetto FellowsGRAND TOTALYear 1 (Class of 2017)NET NEW COSTS TOSYSTEMYear 2 (Class of 2018)NET NEW COSTS TOSYSTEMYear 3 (Class of 2019)NET NEW COSTS TO SYSTEMYear 4 (Class of 2020)NET NEW COSTS TOSYSTEMTotal 6,280,133 8,245,502 8,692,386 9,118,313 32,336,333 6,730,600 10,413,548 13,731,650 16,661,620 47,537,418 561,000 1,619,358 2,636,095 3,610,855 8,427,309 13,571,733 20,278,408 25,060,131 29,390,789 88,301,06045

Council of Presidents Scholarship Task Force Recommendations1. Adjust Initial Eligibility Requirements for each Scholarship Program toreflect changes to the grading scale. Projected reduced program coststo the state would equal 4,838,309; and2. Begin Palmetto Fellows and LIFE Scholarship Enhancement awards inthird year of attendance. A cost reduction of 6,720,000; and3. Reduce maximum award amounts of each program. In order to meetthe goal of 29,390,789, a 14% reduction is needed; or4. Add a Means-based Component within the scholarship programs1.2.TFI of a 100,000 or less: 18,346,855TFI of a 120,000 or less: 19,413,030

Current Legislation