HEOA Update

AGENDA

•HEOA summary

•Key provisions

•FHEG response

•Solution timeline

SUMMARY OF HEOA•Every six years, HEOA is renewed

•Empowering consumers through transparency in college costs information–includes course materials–textbook information provision effective July 2010

•Encourages stakeholders to work together to reduce course materials costs.

KEY HEOA PROVISIONS

Publisher 1. Must be sure faculty & other adopters on campus are aware of net price, copyright date history, and alternate formats and net prices of those alternates, if any

2. Bundles must be available in parts, each separately priced, except for integrated textbooks (read the definition of bundles)

Institution -

COURSE SCHEDULES

To the maximum extent practicable:

1. ISBN and Retail Price must be listed on the college’s internet course schedule

or linked from the schedule to another appropriate web site such as the bookstore.

2. If ISBN is not known the author, title, and copyright date must be posted.

3. If the college determines this information is not available or posting this information

is not practical, then the college must post “to be determined” for any

such affected course

Institution -

For College bookstores

All colleges must supply this information to their bookstore (s):

1. The course schedule for the next term

2. The adoption information.

3. The number of students enrolled

4. The maximum student enrollment for such course or class.

Other 1. Creates a new competitive pilot grant to fund up to 10 institutions and their college bookstores who wish to experiment with offering students textbook rental programs to reduce the net costs for students up to 10 million.

2. Raise the authorized maximum Pell Grant award from $6,000 to $8,000 by 2014. The minimum Pell Grant award will also change from the current $400 to ten percent of the maximum grant award set by the appropriations process for the year. (5.4 million Pell Grants were awarded in 2006/2007)

3. Expand the current campus based financial aid programs formula for books and supplies from $450 to $600;

4. Requires a new Government Accountability Office study in 2013 to review the implementation by institutions, bookstores, and publishers, as well as the cost, and benefits to institutions and students of the provisions

FHEG RESPONSE

Where do weconcentrate our

efforts?

Transparency

§ booklook™ § Enhancements to infrastructure

Cost Savings Programs

§ Text Rental§ Digital Expansion§ Half Back Guaranteed Buyback

Communications

§ PMO Taskforce created on 11/21/08§ Letters to campus partners§ Branding

CAMPUS IMPLEMENTATION

SAMPLE COURSE SCHEDULE

HEOA SOLUTION TIMELINE

May-09 Jul-10

Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10

FHEG Field Management Webinars

Detailed communications sent to campuses

Begin parallel beta store testing

All development complete

Campus ImplementationInstitutional Webinars

AQ&Q U E S T I O N SQ U E S T I O N S

A N S W E R SA N S W E R S