AES/PHEAA Update Presented by Mary E. Miller, Senior Vice President Education Services Group 2 AES/PHEAA Update Security Enhancements Business Partner Access Management System (BPAMS) Authoritative Source Password Requirements Remote Access Agreements 3 AES/PHEAA Update Automated Loan Services Web Options Form Student Aid Fiscal Responsibility Act Eliminated FFELP Process loans through FDLP beginning July 1, 2010 4 AES/PHEAA Update Automated Loan Services Letter sent to PA College Presidents and Financial Aid Administrators Communication to our Lender Partners Portal message Warning message to all borrowers Account Access aesSuccess.org pheaa.org School website Lender website 5 AES/PHEAA Update 6 7 8 Automated Loan Services Loans first disbursed on or after July 1, 2010 must be loans processed through FDLP Option to change disbursement prior to July 1, 2010 or Cancel loan and student completes a MPN for FDLP Contacting schools Anticipated first disbursements prior to July 1, 2010 On-line MPN will be removed Paper MPNs can be used after the date of removal End Guaranty processing Loans will be rejected, borrower notified Cease disbursements 9 AES/PHEAA Update Automated Loan Services Alternative Loan processing through our products will not change: Alec OneLINK eCourier PageCenter 10 AES/PHEAA Update Financial Aid Services Direct Loan Module is on schedule To participate using PHEAA as their destination point Complete SAIG agreement designating PHEAA as a destination point Complete a new COD options form Notify COD of intent to participate in FDLP System training Webinars Hands-On Training 11 AES/PHEAA Update FedLoan Servicing myfedloan.org Webinars offered through May Enhancements 12 AES/PHEAA Update 13 AES/PHEAA Update 14 AES/PHEAA Update Training Don Raley Financial Aid Basic Institute Begins June at Dickinson College, Carlisle, PA Intermediate Summer Institute Begins June 14 16 at Dickinson College, Carlisle PA Register aesSuccess.org Fundamentals Training October 9-10 Lancaster Host Leadership Development Training October 9-10 Lancaster Host Volunteer for a Committee! Ideas for topics? Contact State Grant and Special Programs Presented by Christine A. Zuzack Appropriations Governor Rendell delivered his appropriations announcement on February 9 and recommended level funding for all PHEAA programs for Funding is not final until passed by the General Assembly. This should occur by June 30. We cannot finalize awards or disburse funds until the budget is passed. Appropriations The appropriation recommendations are as follows: State Grant: $403 million Matching Funds: $13.9 million IAG: $30.2 million NETS: $3.7 million Cheyney Keystone Academy: $1.7 million Bond-Hill: $.740 million 18 State Grant All Costs on the Web should be completed by April 16. Award letters expected to be generated the first week of May. Adjustments may be necessary once budget passes. Summer 2010 Online application process now available reminders can be sent to your students 19 State Grant FAFSA Simplification USDE is proposing a drastic reduction in the number of income elements collected on the FAFSA to those items verifiable from IRS data. This would eliminate all untaxed income questions. Income earned from work eliminated 20 State Grant FAFSA Simplification The asset definitions would not change but would be a yes/no question to ascertain if the assets exceed $250,000. If answered yes student would only be eligible for unsubsidized loan. A no response would generate an EFC that would establish Pell eligibility, CBA eligibility, loan subsidizes, etc. 21 State Grant FAFSA Simplification These changes will create a significant difference in the students who receive need based aid. How will/should state and schools respond? 22 New Economy Technology Scholarships (NETS) Funds in the program were insufficient to meet the need all of the applicants for Statute requires that renewal applicants be awarded before first-time applicants. First- time applicants were awarded in order of date received. First-time applicants were awarded if complete by June 30, 2009. 23 New Economy Technology Scholarships (NETS) First-time applicants who did not receive an award were notified that they needed to reapply for Summer 2010 awards will be available to students. 24 Chafee It is expected that eligible students will exceed federal resources for Examining how this will be addressed with the PA Department of Public Assistance: renewals first, reduce maximum award, differential awards for part-time versus full-time? 25 EAP Beginning with the fall of 2010, PHEAA will be disbursing funds on behalf of the PA National Guard to schools. The EAP application will cover Summer 2010, Academic Year and Summer 2011. 26 Whats Next? Future Considerations GAP Participation Federal Work Study Community Service New legislation 27 Questions/Comments Comments, questions, feedback and recommendations are always welcomed! Phone: