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Campus-Based Programs - Welcome _ TASFAA

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Marcos Mendez
Pell & Campus-Based Programs
Federal Pell Grant
Pell Grant
Undergraduate, prior to earning first Bachelors/Professional degree (includes foreign degrees)Postbaccalaureateprogramthe program does not lead to a graduate degree;the school offering the program does not also offer a bachelor’s degree in education;the student is pursuing an initial teacher certification or licensing credential within a state; andconsists of the courses required by a state to receive a professional certification or licensing credential necessary for employment as a teacher in an elementary or secondary school in that stateAmount of Pell is linked to EFC, enrollment, and school’s COASee chartStudent may be eligible for payment at any enrollment status
Pell Grant
Aninitial calculationis the first calculation of a student’s Federal Pell Grant award.The institution must use the current, documented enrollment status (may be a projected status).If no date documented, the date of initial calculation is the later of:Processed date of the initial SAR or ISIR, orDate the student enrolls
Pell Grant
Earliest possible date is date of receipt of an EFC from an ED product (assuming Pell Payment Schedule has been issued), such as:SAR or ISIR with an official EFC (processing date)FAA Access EFCFAFSA on the Web EFCSchool may choose a later date such as completion of verification
Pell Grant
Enrollment status changes between termsStudent never begins attendance in one or more classesLump sum payment according towork completedin prior payment periodsMust use final enrollment status of prior terms with no disbursementsIf final enrollment status for the term is different from initial calculation, must recalculateInclude in enrollment status only courses completed (includes earned F’s and incompletes)Cannot include drops or withdrawals in enrollment status
Pell Grant-Institutional Options
Recalculations for changes in enrollment statusRecalculates for all changes in enrollment status during the termDoes not recalculate for changes in enrollment status at any time in a term after initial calculation (assumes student has begun all classes)Does not recalculate after a Pell recalculation date
Pell Grant-Institutional Options
May have a Pell recalculation dateFor termBy courseA student’s ultimate Pell recalculation date for the term is the Pell recalculation date of the last course the student attends or is expected to attendIf a student drops, withdraws from, or adds a class before Pell recalculation date, must recalculate based on any change in enrollment status through that Pell recalculation date
Zero EFC treatment orIraq& Afghanistan Service Grant
Zero EFC TreatmentOtherwise Pell eligibleParent/guardian dies in military service in Iraq or Afghanistan after September 11, 2001Use zero EFC for packaging Federal Student AidIraq and Afghanistan Service GrantNon Pell eligible EFCAward amount equal to maximum Pell awardNot considered estimated financial assistance for packagingCannot exceed COA
Campus-Based Programs
Campus-Based Programs
The campus-based programs:Federal Supplemental Educational Opportunity Grant Program (FSEOG)Federal Work-Study Program (FWS)Federal Perkins Loan Program
School Participation inCampus-BasedPrograms
Must be approved to participateAnnually must complete Fiscal Operations Report and Application to Participate (FISAP) to:Apply for funds for next award yearReport previous award year expenditures
Campus-Based Programs Common Provisions
Matching requirementTransfer of funds between programsCarry-forward and carry-back optionsUse of funds for independent students and part-time studentsAdministrative Cost Allowance (ACA)Underutilization of funds
FSEOG Program
Program-specific requirements:Student eligibilityMinimum and maximum award amountsSelection groups criteria
FWS Program
Program-specific requirements:Student eligibilityAward amountsUse of fundsEligible employmentPayments to studentsCommunity service
Federal Work-Study Program
If school does not meet community service expenditure requirements, it must return FWS funds to EDAmount returned is difference between what school should have spent and amount actually spent for community service
Federal Work-Study Program
Community service positions:Services designed to improve the quality of life for community residents, particularly low-income individuals, or to solve particular problems related to their needsExcept for support services offered by the school to its students with disabilities, all on-campus positions must be for services that are open and accessible to the community
Federal Perkins Loan Program
To receive a Federal Perkins Loan, student must demonstrate a willingness to repay the loanDelinquency or default on a previous student loan indicates student is unwilling to repay new loan
Federal Perkins Loan Program
School must use either paper Federal Perkins Loan Master Promissory Note (Perkins MPN) or electronic version of the note (eMPN)Student may choose to use the MPN as either a single or multiple award year note, if school offers multiple year MPN
Federal Perkins Loan Program
School must provide certain loan information called pre-disbursement disclosures before making the first disbursement of a loan for an award yearExit counseling is required before a borrower ceases at least half-time attendance
Federal Perkins Loan Program
Loan repayment benefits:DefermentForbearanceCancellationDischarge
Federal Perkins Loan Program
Failure to repay can result in defaultA borrower may rehabilitate a defaulted loan only once
Questions??
Marcos MendezTexas A&M UniversityAthletics Financial Aid Coordinator979-458-5364

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Campus-Based Programs - Welcome _ TASFAA