What’s Happening in FSA – What’s Happening in FSA – An UpdateAn Update

Claire “Micki” RoemerGeneral Manager, School Services and Training Channel

Dallas, TexasMarch 6, 2005

2

What’s HappeningWhat’s Happening

Electronic filing of the FAFSA is up 13.7%. For the period ending February 19th, 12.9 million

students have filed for 04/05 – up 3.0%. My FSA, a Student Aid on the Web feature, has

recorded: 76,198 cumulative accounts. Currently Averaging 270 new accounts per

day. Recorded 316,635 visits for the week ending

February 26th. Week ending February 26th, Schools Portal

received 13,207 visits or about 1 million hits.

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1,708,694

2004-05 FAFSAs processed as of February 22, 2004

1,690,743

2005-06 FAFSAs processed as of February 19, 2005

1,000,000

1,250,000

1,500,000

1,750,000

2,000,000

2004-05 2005-06

Application Processing Application Processing Statistics: FAFSAs ProcessedStatistics: FAFSAs Processed

2004-2005 vs 2005-20062004-2005 vs 2005-2006

4

Electronic FAFSA’sElectronic FAFSA’s2001-02 – 2004-052001-02 – 2004-05

4

5

6

7

8

9

10

11

12

13

2001-02 2002-03 2003-04 2004-05

5

Application Processing Application Processing StatisticsStatistics: : Electronic VolumeElectronic Volume

1,364,933 2004-05 FAFSAs

filed electronically as of February 22, 2004

80% of all Apps 1,551,770 2005-06 FAFSAs

filed electronically as of February 19, 2005

92% of all AppsThat’s a 14% increase in That’s a 14% increase in

Electronic Apps!Electronic Apps!

1,000,000

1,250,000

1,500,000

1,750,000

2,000,000

2004-05 2005-06

Electronic Paper Apps

2004-2005 vs 2005-20062004-2005 vs 2005-2006

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The Funds Continue to FlowThe Funds Continue to Flow

For the 04-05 year through mid-February:

Pell and Direct Loan disbursements reached $10.5 billion and $9.9 billion respectively.

FFEL disbursements reached $23.7 billion.

7

Pell Volume by Academic YearPell Volume by Academic Year

$7.2 B

$12.7 B

0

2

4

6

8

10

12

$ B

illio

n

1999-00 2000-01 2001-02 2002-03 2003-04

14

8

Pell Volume by School Type Pell Volume by School Type Academic Year 2003-04Academic Year 2003-04

Private$2.1 B17%

Proprietary$2.1 B16%

Public$8.5 B67%

Total = $12.7 Billion

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Number of Pell Students by School TypeNumber of Pell Students by School Type Academic Year 2003-04Academic Year 2003-04

Private830 K15%

Proprietary931 K17%

Public3.6 M68%

Total = 5.4 Million

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Number of Pell Schools by School TypeNumber of Pell Schools by School Type Academic Year 2003-2004Academic Year 2003-2004

Private1,52930%

Proprietary1,84435%

Public1,77935%

Total = 5,152 Schools

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Pell Proprietary Volume by StatePell Proprietary Volume by State Academic Year 2003-04Academic Year 2003-04

All Other States$1.9 B91%

TX$140.5 M

7%

OK$19.3 M

1%

LA$25.6 M1%

AR$4.9 M

0%

NM$2.4 M

0%

Total = $2.1 Billion

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Number of Pell Proprietary Schools by StateNumber of Pell Proprietary Schools by State Academic Year 2003-04Academic Year 2003-04

All Other States1,57786%

TX1408%

OK352%

NM8

0%

LA603%

AR241%

Total = 1,844 Schools

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Loan Volume by Academic YearLoan Volume by Academic Year

$35.9 B$55.9 B

*Based on gross commitments.

0

10

20

30

40

50

$ B

illio

n

1999-00 2000-01 2001-02 2002-03 2003-04

60

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Loan Volume by School Type Loan Volume by School Type Academic Year 2003-04Academic Year 2003-04

Private$20.4 B

36%

Proprietary$9.8 B18%

Public$25.8 B

46%

Total = $55.9 Billion

*Based on gross commitments.

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Number of Student Borrowers by School TypeNumber of Student Borrowers by School Type Academic Year 2003-04Academic Year 2003-04

Total = 6.9 Million

Private2.0 M29%

Proprietary1.4 M20%

Public3.5 M51%

*Based on gross commitments.

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Number of DL and FFEL Schools by School Type Number of DL and FFEL Schools by School Type Academic Year 2003-04Academic Year 2003-04

Private1,74533%

Proprietary1,58130%

Public1,90137%

Total = 5,227 Schools*Based on gross commitments.

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Proprietary Loan Volume by StateProprietary Loan Volume by State Academic Year 2003-04Academic Year 2003-04

NM$13.1

M0%

LA$45.9

M0%

TX$362.3

M4%

All Other States$9.3 B95%

Total = $9.8 Billion

AR$3.5 M0%

OK$52.6

M1%

*Based on gross commitments.

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Number of DL and FFEL Proprietary Schools by StateNumber of DL and FFEL Proprietary Schools by State Academic Year 2003-04Academic Year 2003-04

All Other States1,40289%

TX1016%

OK282%

NM7

0%

LA342%

AR9

1%

Total = 1,581 Schools*Based on gross commitments.

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Campus-Based Volume by Campus-Based Volume by Academic YearAcademic Year

$2.9 B$3.8 B

0

0.5

1

1.5

2

2.5

3

3.5

4

$ B

illio

n

1999-00 2000-01 2001-02 2002-03 2003-04

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Campus-Based Volume by School Type Campus-Based Volume by School Type Academic Year 2003-04Academic Year 2003-04

Total = $3.8 Billion

Private$1.8 B46%

Proprietary$214 M

6%

Public$1.8 B48%

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Number of Students Receiving Campus-Number of Students Receiving Campus-Based Funds by School TypeBased Funds by School TypeAcademic Year 2003-04

Private1.1 M37%

Proprietary329 K11%

Public1.5 M52%

Total = 2.9 Million

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Number of Campus-Based Schools by Number of Campus-Based Schools by School Type School Type Academic Year 2003-04Academic Year 2003-04

Private1,40436%

Proprietary97025%

Public1,51739%

Total = 3,891 Schools

Proprietary97025%

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Campus-Based Proprietary Volume by State Academic Year 2003-04

All Other States

$201.9 M94%

TX$9.0 M

4%

OK$1.4

M1%

LA$2.1

M1%

AR$33 K

0%

NM$27 K

0%

Total = $214 Million

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Number of Campus-Based Proprietary Number of Campus-Based Proprietary Schools by StateSchools by StateAcademic Year 2003-04Academic Year 2003-04

All Other States

86089%

TX677%

OK9

1%

LA293%

AR3

0%

NM2

0%

Total = 970 Schools

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How to be Better at What You DoHow to be Better at What You Do

Provide Training Opportunities for Staff Keep up with Changes

Subscribe to IFAP Read COD Daily update

www.cod.ed.gov Talk to Colleagues

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Online TrainingOnline Training

EDExpress Basics Web-based Training FAA Assessments

Under “Tools for Schools” www.ifap.ed.gov/IFAPWebApp/index.jsp

COD Computer Based Training www.cod.ed.gov

FSA COACH www.ed.gov/fsacoach

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FSA CoachFSA Coach

Under IFAP “Tools for Schools”

Under TFAP side bar “Training”

A free web based orientation to student financial aid concepts

40 hours of self paced instruction, 9 modules, 36 lessons www.ed.gov/fsacoach

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Training OpportunitiesTraining Opportunities

Electronic Applications training: March-April 2005

Career College Day: March 21, 2005 Spring Conference 2005: March 22-24 Spring Conference 2006: April 5 - 7 Fundamentals of Title IV Administration To Register, Go to: http://www.ed.gov

/offices/OSFAP/training/

newfaps.html - fundamentals

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Training OpportunitiesTraining Opportunities

Fundamentals of Title IV Administration

To register, go to: www.ed.gov/offices/OSFAP/training/newfaps.html#fundamentals

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ConferencesConferences

Schools Portal under “Resources and Training”

No sign on necessary

Preview of upcoming FSA conferences, agendas, hotel and travel information. http://edeworkshop.ncspearson.com

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Future TrainingFuture Training

Spring 2005: Getting It Right! Topics identified from audits and Program review findings

Fall 2005: Fiscal Officer Training EAC Conferences:

San Diego,CA: October 30-November 2, 2005 Atlanta, GA: November 29-December 2, 2005

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COD Update – Frequent COD Update – Frequent ConcernConcern

Password Maintenance

–Security administrator

»Who is the right person?

»How many should you have?

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COD Password UpdateCOD Password Update

Why you need a Password Reset You received a temporary password as the system

administrator and you failed to change the temporary password within 24 hours.

You did not access the COD website for 6 consecutive months after your first visit.

You did not access the COD website for over 3 consecutive months following the last visit and you have been in the website more than one other previous time.

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School User Access

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Unlocking a User as the System Administrator

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Modify to Unlock

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Bulletin to FollowBulletin to Follow

It will address: Resetting the Password Password Security Deactivating/Reactivating a User

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QuestionsQuestions

Contact Information:

Claire M. Roemer

Email: claire.roemer@ed.gov

Phone: (202) 377-3452