IntroductionState Grant Training

Summer, 2012

Training is designed to introduce topics involving a combination of philosophical basis and technical detail

– One without the other is meaningless

– Compliance with program regulations is a necessity, but compliance alone is not a virtue

– Only by compliance with an eye to the “why” can an aid administrator serve student needs, institutional goals, and public purpose in an equitable and professional manner

A Perspective from Dr. Steve Brooks

Executive Director of NCSEAA

• “Creative financial aid administration involves a lifelong experience of getting it correct (compliance) and getting it right (equity). Both are vital, and combining the two will serve students and promote access to higher education in North Carolina.”

Steve Brooks

Resources North Carolina

• College Foundation of North Carolina – CFNC.org – Student Financial Aid for North Carolinians available at cfnc.org/fabook 866-866-CFNC (1-866-866-2362)– Financial Literacy Education cfnc.org/finlit

• North Carolina Association of Student Financial Aid Administrators www.ncasfaa.com

– High School Financial Aid Night Presentation – also on CFNC.org– Financial Aid Information Survey (contains a listing of all NC colleges &

universities with important information such as school codes, financial aid application deadlines, etc.)

– FA Resources– Counselor Resources– Calendar of Training Opportunities

College Foundation of North Carolina(CFNC)

What Is CFNC?

College Foundation of North Carolina (CFNC)

• College Foundation, Inc.

• Department of Public Instruction

• North Carolina Community College System

• North Carolina Independent Colleges and Universities

• North Carolina State Education Assistance Authority (SEAA)

• The University of North Carolina

College Foundation of North Carolina

“Helping Students Plan, Apply and Pay for College”

• Provides information to students and families for free!– Career exploration and planning– Academic planning and preparation– Financial information

• Focused on NC colleges and available resources.

• Professional/expert help available by phone.

• Provided through collaborative effort of partners

North Carolina State Education Assistance Authority

• NCSEAA, SEAA, or “The Authority”

• Affiliated with the UNC General Administration

• Nine member board of directors with seven members appointed by the governor and two serving ex officio

• State agency charged with administering financial aid programs for students– Currently responsible for 50 aid programs

• Partner in College Foundation of North Carolina

NCSEAA

• Promotes access to higher education

• Maintains sensitive and affirmative default prevention and aversion activities and operates aggressive student loan collection system

• Administrator of North Carolina’s National College Savings Plan

• Administers numerous scholarship, grant, and loan programs

• Outreach and training activities for FAAs, school counselors, and general public– CFNC.org

• For more information:– www.ncseaa.edu

What does NCSEAA do?“We help North Carolina pay for college”

College Foundation, Inc. (CFI)

• Nonprofit corporation chartered in 1955• Purpose is to assist students in financing cost of higher

education• Nine member board of trustees appointed by the

governor• Central loan collector and servicer for North Carolina’s

FFELP – (Federal Family Education Loan Program)• Administers grant programs and college savings

program on behalf of NCSEAA• Provides technology services for CFNC.org and

delivery of information to North Carolina students and families about paying for college