SUNYFAP 2009

HESC Update

PLUS Loan Auction

Loan Updates

e-MPN Entrance Counseling EFT Express update AltLoan Connection

Tuition Assistance Program (TAP) and 2009 Budget

A new requirement that income from New York State, Federal and local government pensions be included when determining TAP eligibility was included in the new budget

Scholarships and Loan Forgiveness

Flight 3407 Memorial Scholarship Program

Regents Health Care and Professional Opportunity scholarships sunset

Tuition Assistance Program (TAP)

TAP program remains essentially unchanged:

Maintains current TAP award calculations for students attempting 12 or more credits

Maintains current academic standards

Maintains income adjustments for students with multiple family members in college

Maintains funding for graduate students

2009-10 Application Processing

256,082 applications processed as of April 20, 2009

20,000 more applications processed for 2009-10 than this time last year

2008-09 processing was up 30,000 over 2007-08 Application Type by percentage: ETA 7% FAFSA Direct 32% Renewal Process 36% ATOTW 25%

Estimated TAP awards available in early May, 2009

Financial Literacy Training

HESC staff continues to conduct financial literacy sessions across the state

This year a total of 71 sessions were completed 1065 college students at 17 schools 2329 high school students at 21 schools

Financial Literacy

FACTS - Financial Literacy Modules available on HESCWeb HESC Staff Train the trainer

New financial literacy tools Web-based Borrowers can proceed at own pace

RFI Generator

Provide additional details here

Completing the RFI

Importance LevelSchool Rating

Lender Response

RFI

SUNYFAP 2009

HESC Update