Texas Educational Opportunity Grant (TEOG) Program Financial Aid Workshop June 26, 2014 TEOG Program Basics Initial Year (IY) and Renewal Year (RY) Eligibility Satisfactory Academic Progress (SAP) New in 2014-2015 Funds Request Process Student Award History Scenarios Deadlines and Important Contact Information 1
TEOG What is a Texas Educational Opportunity Grant (TEOG)? Provides grants of money to eligible needy students at public 2-year institutions in Texas Funded through appropriations CB allocates available funding to participating institution annually TEOG IY Eligibility Texas Resident determined by the institution Enrolled at least ½-time as an entering undergraduate student having not accumulated more than 30 SCH s (excluding credits for dual enrollment or by examination) Registered with Selective Service, or exemption 2
TEOG IY Eligibility Cont. No felony conviction or crime involving a controlled substance Demonstration of financial need 9-month EFC cap for 13/14 = $2,000 9-month EFC cap for 14/15 = $4,800 Not concurrently receiving a renewal TEXAS Grant TEOG RY Eligibility Enrolled at least ½-time as an undergraduate student who previously received an IY TEOG award Maintain: Classification as a resident of Texas Registration with Selective Service, or exemption No felony conviction or crime involving a controlled substance Financial need (no EFC cap) Meet satisfactory academic progress (SAP) requirements 3
TEOG SAP SAP requirements for an RY award Award Type GPA Completion Rate End of Initial Year Institution s SAP Institution s SAP End of 1 st Renewal Program SAP 2.5 cumulative GPA Program SAP 75% completion rate 4 years; 75 SCH s attempted while receiving the grant; or Associate s Degree. Maximum Time Frame Whichever comes first! 4
New in 2014-2015 TEOG allocations will be increased in FY15 to compensate for the absence of TEXAS Grant IY funding Funding in 2014: $13.9 million Funding in 2015: $60 million New in 2014-2015 Cont. TEOG RY students should be given priority for available funding Transferring authority between TEOG and TEXAS Grant funds will no longer be possible since you will not have a TEXAS Grant allocation TEXAS Grant RY funds will be made available on an as needed basis 5
2014-2015 Award Amounts Institution Type Award Maximu m Per Year Award Maximum Per Semester Based on Census Date Enrollment Full-Time (12 or more SCH s) Three- Quarter Time (9-11 SCH s) Half-Time (6-8 SCH s) < Half- Time (1-5 SCH s) Public State Colleges $8,000 $4,000 $3,000 $2,000 $0 Public Community Colleges $2,700 $1,350 $1,013 $675 $0 Public Technical Colleges $4,700 $2,350 $1,763 $1,175 $0 New in 2014-2015 Award amounts must be prorated in relation to enrollment status as of the census date. 12 hours or more =100% of maximum award 9 to 11 hours = 75% of maximum award 6 to 8 hours = 50% of the maximum award < 6 hours = 0% (unless granted a hardship under the hardship provision or due to < 6 remaining of the 75 SCH limit, at which time the hardship proration schedule applies) 6
Required Proration What is the proration schedule for enrollment less than 6 hours due to hardship approvals? The maximum award for the semester divided by 12 and multiplied by the number of hours enrolled Required Proration What is the proration schedule for a student enrolled at least ½-time with fewer than 6 hours remaining of the 75 SCH limit? 25% of the maximum award amount for the semester 7
Requesting TEOG Funds Refunds Returning Funds to the Coordinating Board An email notification must be sent to the TEOG email box at: TEOG@thecb.state.tx.us The program specialist will make any needed adjustments to the institution s accounting records and either follow-up with a confirmation email or request more information to complete the process. Refer to your refund instructions. 8
Retroactive or Late Disbursements Funds that are disbursed after the end of a student s period of enrollment must either be used to pay the student s outstanding balance from his/her period of enrollment at the institution, or to make a payment against an outstanding loan received during that period of enrollment. Under no circumstances should funds be released directly to the student. Objective: Student Award History File To provide institutions with a secure method of obtaining transfer student award history in a user friendly format Purpose: To deliver prior award information that can be used to help determine a student s eligibility for state aid Report: The reports will only produce information for those students that are found in the database Guidelines and instructions for submitting information coming soon. 9
You have a student who is eligible for a TEOG award in 14/15. She enrolls in 6 hours Scenario for fall and remains a #1 half time student through the census date. Can she receive 100% of the maximum award allowed? You have a student who has been receiving a TEOG award and continues to meet the eligibility Scenario requirements. He is enrolled #2 in 12 hours, but only has 4 hours of eligibility remaining in the program. Is he eligible for 100% of the award? 10
A student is enrolled in 14/15 for 12 SCH s and Scenario receives 100% of the maximum #3award allowed. Prior to the census date, the students drops down to 6 hours. Is the student still eligible for a TEOG award? Scenario #4 You submitted a funds request for 20 IY students for the fall term. In spring, you submit another funds request for the same 20 IY students. On Step 2 of your funds request form, do you include the student count for the previously reported students? 11
Program Deadlines July 15, 2014: Last day to submit and certify FY14 year- end reports September 1, 2014: First day institutions can begin requesting FY15 funds February 20, 2015: Institutions lose claim to unencumbered/unrequested funds, and last day to request a reallocation if funds are available Distribution List: Information concerning State Grants and Special Programs is communicated to institutions through the GSP distribution list. To subscribe: http://lists.state.tx.us/mailman/listinfo/txgnsp-l Contact Information: Grants and Special Programs 512-427-6340 (Austin metro) 1-800-242-3062 (outside Austin metro) TEOG@thecb.state.tx.us JoElla Martinez Program Specialist 512-4276554 JoElla.Martinez@thecb.state.tx.us GSP Information Website: https://www1.thecb.state.tx.us/apps/specialprograms/ 12