KASFAA Spring 2007 ConferenceKASFAA Spring 2007 ConferenceHoliday Inn, University PlazaHoliday Inn, University PlazaBowling GreenBowling Green

Blake TannerBlake TannerCOOCOO

KASFAA Spring 2007 ConferenceKASFAA Spring 2007 ConferenceHoliday Inn, University PlazaHoliday Inn, University PlazaBowling GreenBowling Green

Blake TannerBlake TannerCOOCOO

A Reminder of Who We Are…A Reminder of Who We Are…

KHEAA and SLP are self-supporting entities, created by State KHEAA and SLP are self-supporting entities, created by State Government.Government.Our mission is to provide information about higher education Our mission is to provide information about higher education opportunities and administer FFEL and state student aid opportunities and administer FFEL and state student aid programs.programs.We reinvest any revenue in Kentucky students through our We reinvest any revenue in Kentucky students through our loan programs. Kentucky students are our stockholders!loan programs. Kentucky students are our stockholders!We are non-profit, but we must generate revenue to support We are non-profit, but we must generate revenue to support operations and administrative expenses.operations and administrative expenses.We partner with you, the front-line financial aid professionals, We partner with you, the front-line financial aid professionals, in all that we do.in all that we do.You and I, as financial aid professionals, have recently taken You and I, as financial aid professionals, have recently taken several cheap shots in the media that have had a spill-over several cheap shots in the media that have had a spill-over effect in congressional committee rooms.effect in congressional committee rooms.In spite of outside forces, serving students remains our In spite of outside forces, serving students remains our number one concern.number one concern.

KHEAA Continues to Spread KHEAA Continues to Spread the Word…the Word…

KHEAA-administered KHEAA-administered State ProgramsState Programs

Kentucky Educational Excellence Kentucky Educational Excellence Scholarship (KEES)Scholarship (KEES)College Access Program (CAP) GrantCollege Access Program (CAP) GrantKentucky Tuition Grant (KTG)Kentucky Tuition Grant (KTG)Teacher ScholarshipTeacher ScholarshipOsteopathic Medicine ScholarshipOsteopathic Medicine ScholarshipKentucky National Guard Tuition AwardKentucky National Guard Tuition AwardEarly Childhood Development ScholarshipEarly Childhood Development ScholarshipRobert C. Byrd Honors ScholarshipRobert C. Byrd Honors ScholarshipMary Jo Young ScholarshipMary Jo Young ScholarshipKHEAA Work-Study ProgramKHEAA Work-Study ProgramKentucky’s Affordable Prepaid TuitionKentucky’s Affordable Prepaid TuitionKentucky Education Savings Plan TrustKentucky Education Savings Plan TrustGoHigher Grant Program GoHigher Grant Program (New)(New)

New GoHigher Grant ProgramNew GoHigher Grant Program

New need-based grant for adultsNew need-based grant for adults

Awards up to $1,000 for tuition and Awards up to $1,000 for tuition and a book allowance for only one a book allowance for only one academic year.academic year.Applicants must:Applicants must:

Demonstrate financial need by Demonstrate financial need by completing a FAFSA.completing a FAFSA.Be age 24 or older.Be age 24 or older.Be Kentucky residents.Be Kentucky residents.Be first-time enrollees, meaning they Be first-time enrollees, meaning they have never taken college courses have never taken college courses before applying for this program.before applying for this program.2007-2008 academic year is a pilot 2007-2008 academic year is a pilot year.year.

Student Aid DisbursementsStudent Aid DisbursementsYTD—March 2007YTD—March 2007

Original appropriations for Original appropriations for grants and scholarships—grants and scholarships—$188,588,000.$188,588,000.

Adjusted appropriations—Adjusted appropriations—$191,063,866.$191,063,866.

Student AidStudent Aid

2007-2008 maximum EFC 2007-2008 maximum EFC index for CAP Grant—4110index for CAP Grant—4110

2007-2008 Maximum Award 2007-2008 Maximum Award AmountsAmounts

CAP—$1,900CAP—$1,900

KTG—$3,000.KTG—$3,000.

LoansLoans

KHEAAKHEAAGuarantees during this FY to date Guarantees during this FY to date have exceeded $1 billion with one have exceeded $1 billion with one quarter to go.quarter to go.

Student Loan PeopleStudent Loan PeopleNew service for loan customers—New service for loan customers—Electronic Payment, Information, and Electronic Payment, Information, and Communications (EPIC)Communications (EPIC) Offers the convenience of online payment Offers the convenience of online payment

and electronic retrieval of statements and and electronic retrieval of statements and correspondence.correspondence.

New Consolidation e-Sign feature—New Consolidation e-Sign feature—coming this spring on SLP’s websitecoming this spring on SLP’s website

KHEAA System KHEAA System EnhancementsEnhancements

Online Default Management SystemOnline Default Management System

New default management tools to New default management tools to assist schools in default prevention assist schools in default prevention efforts.efforts.

Schools can generate Schools can generate correspondence to any or all of correspondence to any or all of delinquent borrowers.delinquent borrowers.

Service will be available to schools Service will be available to schools upon request or carried out by upon request or carried out by KHEAA Default Aversion Branch.KHEAA Default Aversion Branch.

Available soon.Available soon.

KHEAA System KHEAA System EnhancementsEnhancements

Alternative Loan ServicesAlternative Loan ServicesCentralized point for certification Centralized point for certification of alternative loans for multiple of alternative loans for multiple lenders.lenders.

Centralized disbursing for Centralized disbursing for alternative and FFEL loans.alternative and FFEL loans.

Announcement of availability will Announcement of availability will be made soon.be made soon.

KHEAA System KHEAA System EnhancementsEnhancements

Common Record: Common Record: CommonLine (CRC)CommonLine (CRC)

Newest industry standard for Newest industry standard for loan processing information.loan processing information.

New technology structure.New technology structure.

Must be acceptable with Must be acceptable with school-based software system.school-based software system.

Available now. We are now in Available now. We are now in a position to conduct system a position to conduct system testing with schools.testing with schools.

KHEAA System KHEAA System EnhancementsEnhancements

Entrance CounselingEntrance CounselingSchool inquiry for entrance and School inquiry for entrance and exit counseling.exit counseling. Single record or by a date range.Single record or by a date range. Available through Zip Access under Available through Zip Access under

the Loan Processing option.the Loan Processing option.

Monitoring entrance counseling Monitoring entrance counseling requirement.requirement. Disbursement release.Disbursement release. Inclusion with eSignature process.Inclusion with eSignature process.

Available soon.Available soon.

HB 229—KHEAA legislation relating to HB 229—KHEAA legislation relating to teacher scholarships did not pass.teacher scholarships did not pass.

HB 128—Expands the eligibility for HB 128—Expands the eligibility for education benefits for family members of education benefits for family members of deceased or disabled veterans. deceased or disabled veterans.

Federal LegislationFederal Legislation

College Student Relief Act (H.R. 5) College Student Relief Act (H.R. 5)

President’s FY 2008 Budget President’s FY 2008 Budget ProposalProposal

Student Debt Relief Act (S. 359)Student Debt Relief Act (S. 359)

Student Aid Reward (STAR) ActStudent Aid Reward (STAR) Act

Pell Grant Equity Act (H.R. 990)Pell Grant Equity Act (H.R. 990)

Student Loan Sunshine Act (S. 486)Student Loan Sunshine Act (S. 486)

Senator Mitch McConnell

Senator Jim Bunning

Representative Ed Whitfield

Representative Ron Lewis

Representative John Yarmuth

Representative Geoff Davis

Representative Hal Rogers

Representative Ben Chandler

Tell the Student Aid StoryTell the Student Aid Story

College presidentsCollege presidents

Other campus administratorsOther campus administrators

Regional education officialsRegional education officials

State legislatorsState legislators

Borrower BenefitsBorrower Benefits

Board adopted financial policy Board adopted financial policy reaffirming KHEAA/SLP reaffirming KHEAA/SLP commitment to reinvest commitment to reinvest revenue in Kentucky students revenue in Kentucky students through borrower benefits.through borrower benefits.

Specialty benefits for Specialty benefits for Consolidation Loans and Consolidation Loans and parents PLUS Loans modified.parents PLUS Loans modified.

Center for Rural DevelopmentCenter for Rural Development

TrainingsTrainingsMay 8, 2007 – Awarding AidMay 8, 2007 – Awarding AidJune 12, 2007 – Disbursing AidJune 12, 2007 – Disbursing AidJuly 10, 2007 – Leadership Skills – July 10, 2007 – Leadership Skills – Secrets from Santa ClausSecrets from Santa ClausAugust 14, 2007 – Generational August 14, 2007 – Generational DifferencesDifferencesSeptember 11, 2007 – Effectively September 11, 2007 – Effectively Marketing College Access to TeensMarketing College Access to TeensOctober 9, 2007 – Coping with October 9, 2007 – Coping with Difficult PeopleDifficult People

Entrance and Exit Counseling DVDEntrance and Exit Counseling DVDBeing considered.Being considered.

Staff ChangesStaff Changes

New PositionsNew Positions

Tom Wantuck—Senior Vice President Tom Wantuck—Senior Vice President of Asset Managementof Asset Management

Matt Korn—Senior Vice President for Matt Korn—Senior Vice President for Finance and AccountingFinance and Accounting

David Carlsen—Vice President of David Carlsen—Vice President of Financial ManagementFinancial Management

Linda Sewell—Vice President of Linda Sewell—Vice President of Human ResourcesHuman Resources

Jill Carney—Originations and Jill Carney—Originations and Disbursement Services Branch ManagerDisbursement Services Branch Manager

RetirementRetirement

Linda Renschler—Director of Student Linda Renschler—Director of Student and Administrative Services. Her last and Administrative Services. Her last day in the office was April 6.day in the office was April 6.

Tom Wantuck

David Carlsen

Matt Korn

Linda RenschlerJill Carney

Linda Sewell