2013-14 Pennsylvania Targeted Industry Program

(PA-TIP)

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Presentors:Isaac Greene, Manager of Special Programs

Jen Brougher, Senior Special Programs AnalystTim Ireland, Special Programs Analyst

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PA-TIP - Background

• Announced in the Governor’s Proposed Budget in February 2012; Legislation approved July 2012

• PHEAA Board of Directors approved - $5 million in funding June 2012 & again in June 2013

• 2012-13 statistics:• 2,935 applications• 1,268 recipients• 66 approved institutions• $4,590,446 net disbursed awards

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2013-14 PA-TIP Award Year Changes

1. Award Amounts

2. Half-time Awards

3. PA-TIP refund processing

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2013-14 PA-TIP Award Year Changes

• Maximum Award Amount» Maximum full-time award = Maximum State Grant

award ($4,363) or 75% of student cost, whichever is less

» Maximum half-time award = $2,180 or 75% of student cost, whichever is less

◦ Veterans are eligible for State Grant Max or 100% of cost, whichever is less

• Minimum Award Amount» $500 full-time awards» $250 half-time awards

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2013-14 PA-TIP Award Year Changes

• Barriers to participation for Community Colleges and vocational schools

• PA-TIP awards to students enrolled ‘half-time’ at approved public and private, non-profit institutions

• Half-time definition: enrolled in at least 6 credits but no more than 11 credits or the clock hour equivalent

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2013-14 PA-TIP Award Year Changes

• PA-TIP refund processing» No funds will be disbursed to a school that has an outstanding

refund due over 45 days

» 45 days are determined by the date that PHEAA has received and processed your disbursement roster or Applicant Certification and Status Listing which indicated a refund due

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Full-time Award Formula

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FULL-TIME ENROLLMENT

STEP 1 DETERMINE TOTAL COST+TUITION & FEES+$4,000 LIVING EXPENSE ALLOWANCE+BOOKS, SUPPLIES OR EQUIPMENT

STEP 2 DETERMINE TOTAL RESOURCES-PELL-EMPLOYER TUITION REIMBURSEMENT-OTHER GIFT AID

STEP 3 DETERMINE NET COSTTOTAL COST – TOTAL RESOURCES

STEP 4 DETERMINE AWARD AMOUNTNET COST * 75%

STEP 5 VERIFY MAX & MIN AWARD PARAMETERS

FULL-TIME AWARDS EXAMPLE 1 EXAMPLE 2

TUITION & FEES $11,038 $11,038

BOOKS, SUPPLIES & EQIP $1,000 $1,000

LIVING EXSPENSE ALLOWANCE $4,000 $4,000

TOTAL COSTS $16,038 $16,038

FEDERAL PELL GRANT $3,500 $3,500

EMPLOYER FUNDING N/A $8,000

NET COSTS $12,538 $4,538

PA-TIP Eligibility $4,346 $3,403

Expenses to the Student* $8,192 $1,135

*Student Assumptions: A family of four with an income of $ 45,000 and one attending college.

Calculating FT PA-TIP Awards

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Part-time Award Formula

PART-TIME ENROLLMENT

STEP 1 DETERMINE TOTAL COST +TUITION & FEES

+$4,000 LIVING EXPENSE ALLOWANCE+BOOKS, SUPPLIES OR EQUIPMENT

STEP 2 DETERMINE TOTAL RESOURCES-HALF-TIME PELL-EMPLOYER TUITION REIMBURSEMENT-OTHER GIFT AID

STEP 3 DETERMINE NET COSTTOTAL COST/2 – TOTAL RESOURCES

STEP 4 DETERMINE AWARD AMOUNTNET COST * 75%

STEP 5 VERIFY MAX & MIN AWARD PARAMETERS

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Calculating PT PA-TIP Awards

PART-TIME AWARDS EXAMPLE 1 EXAMPLE 2

TUITION & FEES $10,000 $10,000

BOOKS, SUPPLIES & EQIP $2,000 $2,000LIVING EXSPENSE ALLOWANCE $4,000 $4,000

TOTAL COSTS $16,000 $16,000PART-TIME FEDERAL PELL GRANT $2,822 $2,822

EMPLOYER FUNDING N/A $3,000

NET COSTS** $5,178 $2,178

PA-TIP Eligibility $2,180 $1,633

Expenses to the Student* $2,998 $545*Student Assumptions: A family of four with an income of $ 45,000 and one attending college.**NET COSTS use TOTAL COSTS divided in half minus TOTAL RESOURCES

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2013-14 PA-TIP Estimator

• Living Expense Allowance

• Pell Award (Listing)• Document Library

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PA-TIP Reconciliation Rosters

• The annual Reconciliation Roster gives schools a final opportunity to report ineligible students or changes to a student’s status.

• An actual graduation date should be provided ONLY if the student has graduated.

• The roster must be returned within 30 days of receipt. Future disbursements are withheld until it is returned.

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PA-TIP Reconciliation Rosters

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<<CCYY>> PA-TIP RECONCILIATION ROSTER DOC ID TTDR

<<MM/DD/CCYY>> PAGE XXXX

00332700-01

<<INSTITUTION FULL NAME>>

 

 

Student Eligibility

 

FULL YEAR OUTSTANDING

CERTIFIED FALL WINTER SPRING SUMMER DUE REFUNDED REFUND

STUDENT IDENTIFICATION AWARD DISB DISB DISB DISB STUDENT TO DATE DUE

-------------------------------------------- --------- ---------- ---------- ------------ ------------ ----------- ------------ ----------------

123-45-6789 $5,796 $1,449 $1,449 $1,449 $1,449 $0.00 $0.00 $0.00

STUDENT, PHEAA M

ACTUAL GRAD DATE __/____

COLLEGE COMMENTS:

____________________________________________

Employment Reporting

• Graduate PA-TIP recipients information (recon)• PHEAA and PA Labor & Industry• Recipient : Graduate• Graduate : Employed

» Breakdown by Sector, Institution and Industry

• Vital for continued funding!

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2013-14 PA-TIP Reminders/Tips

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• Pending students must be certified by July 1, 2014• April 1, 2014 – Deadline for PA-TIP student

application submission• PA-TIP School Application, BPAMS guidelines and

the CIP Code Inclusion Request Form can be found on PHEAA.org/PA-TIP

• Program eligibility• Term disbursement

For Technical assistance or more information, please contact us at:

email: patip@PHEAA.orgphone: 1 800-443-0646, Option 3, 2

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Questions?

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