NONPROFIT & STATE-BASED OUTREACH PROGRAMS - GUIDING STUDENTS TO AND THROUGH POSTSECONDARY EDUCATION
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NONPROFIT & STATE-BASED OUTREACH PROGRAMS GUIDING STUDENTS TO AND THROUGH POSTSECONDARY EDUCATION DATA REPORT 2019
EFC MEMBERS: HELPING FAMILIES PLAN & PAY FOR COLLEGE Who Are EFC Members? Low-Cost Education Loans & Refinancing Programs EFC Members and nonprofit and state-based EFC Members — while considered part of the organizations who strive to increase private loan market — are distinct from traditional postsecondary access and affordability in commercial financial institutions that make and their states and nationwide. service education loans. EFC Members carry out their missions by A number of EFC Members offer low-cost loans providing a wide array of college access, as part of a comprehensive package of services student success, and financial literacy to assist middle-income families with paying for services and resources; operating as college. These suites of state-based services are nonprofit loan servicers; and offering highlighted on EFC’s foryounotforprofit.org consumer-friendly loan options. website. These state-based and nonprofit programs offer low interest rates, low or no Postsecondary Access & Success origination fees, and lower monthly payments and In the past year alone, EFC Members provided lower total debt than many other education loan over 2.5 million families the resources needed to options, including the Federal PLUS loan. successfully plan, save, and pay for college. Additionally, many EFC Members offer These resources include FAFSA completion refinancing programs that help borrowers to events and help centers, scholarship programs, better manage their student loan debt. college planning centers, financial aid workshops and information sessions, financial literacy Nonprofit Servicing workshops, and support services for members of the military, veterans, and at-risk and low-income Several EFC Members contract with the federal youth, including homeless and foster youth. government to service Federal Direct Loans. Some Members also still service older FFELP A number of EFC Members are also working loans. EFC Members provide exemplary service collaboratively within their states to implement to borrowers and the Education Department. education-to-employment pathways programs that address specific workforce development As nonprofit organizations, EFC members’ needs in their states. interests are inherently aligned with borrowers. 440 First Street NW | Suite 560 | Washington, DC 20001 | (202) 955-5510 | efc.org | @efctweets
TABLE OF CONTENTS AK: Alaska Commission on Postsecondary Education...............................................................................1 AR: Arkansas Student Loan Authority............................................................................................................3 CT: Connecticut Higher Education Supplemental Loan Authority……………………………………………….5 GA: Georgia Student Finance Commission………………………………………………………………………………….6 IL (& AZ): Midwestern University………………………………………………………………………………………………..7 IN: INvestEd..........................................................................................................................................................8 IA: Iowa Student Loan......................................................................................................................................10 KY: Kentucky Higher Education Assistance Authority............................................................................12 LA: Louisiana Education Loan Authority.....................................................................................................13 MA: Massachusetts Educational Financing Authority..............................................................................14 MN: Minnesota Office of Higher Education………………………………………...............................................15 MO: MOHELA………………………………………………………………………..………………………………………………..17 MT: Reach Higher Montana……………………………………………………………………………………………………..19 NH: New Hampshire Higher Education Assistance Foundation............................................................20 NJ: New Jersey Higher Education Student Assistance Authority.........................................................22 NM: New Mexico Educational Assistance Foundation............................................................................24 NC: North Carolina State Education Assistance Authority………………………………………………………..26 ND: Bank of North Dakota……………………………………………………………………………………………………….28 PA: Pennsylvania Higher Education Assistance Agency..........................................................................29 RI: Rhode Island Student Loan Authority....................................................................................................31 SC: South Carolina Student Loan………………………………………………………………………………………………32 TN: Edsouth……………………………………………………………………………………………………………………………..33 TX: inspirED (North Texas Higher Education Authority).........................................................................34 TX: Trellis Company.........................................................................................................................................36 UT: Utah Higher Education Assistance Authority.....................................................................................38 VT: Vermont Student Assistance Corporation...........................................................................................40
AY 2017-18 p.1 The Alaska Commission on Postsecondary Education, funded by the Alaska Student Loan Corporation, promotes access to and success in education and career training beyond high school. In addition to state education loan programs, the Commission administers the state scholarship and grant programs, and offers a suite of outreach, early awareness and financial literacy services, designed to promote and facilitate the education access and attainment Alaskans need to maximize their opportunities for success. One-on-One Services, Presentations, & Workshops The ACPE Success Center FAFSA Completion 14,558 ACPE’s walk-in assistance center has two locations providing 42 College Goal Alaska assists students, in particular low-income, in-person and distance-based postsecondary planning first-generation, and minority students, with FAFSA completion. Individuals College Goal services to communities across Alaska. Reached Events 90 Communities Reached 410 Outreach Events 98% of Visitors Would Recommend Services Grants & Scholarships Early Awareness Programs Alaska Education Grant (AEG) 2,539 Need-based grants to eligible Alaska students at postsecondary I Know I Can (2nd Graders) 2,750 institutions in Alaska. Local alumni read an age-appropriate storybook introducing college. Students 41% are First Generation Students draw a picture of who they want to be when they grow up Students 100% are from Low-Income Families on a postcard, which is mailed back to them two years later. 31% New Communities Participated 23% New School Districts Participated Alaska Performance Scholarship (APS) 3,358 A merit-based scholarship (based on high school curriculum, GPA, and Kids2College (5th and 6th Graders) Students test scores) for Alaska students attending participating postsecondary 2,335 institutions in Alaska. Students learn about the benefits of college, college costs, and financial aid. The program includes a career panel and, 97% Are fully prepared for college courses (needing no remediation) Students 3x Graduation Rate of Non-recipients where possible, a field trip to a local campus. 24% Virtual and *For data sources and further details on AEG/APS outcomes see acpe.alaska.gov/reports 76% In-Person Career Panels acpe.alaska.gov 1-800-441-2962 1
AY 2017-18 p.2 Web-Based Alaska Career Information System (AKCIS) “ Every dollar awarded in an ASLC loan or in a grant or scholarship … to a student at 122,235 This online career and education exploration and planning program the University of Alaska generates an is offered free to Alaskans from middle school students to adults. AKCIS is the #1 online tool in the state for the development of personal economic benefit of $3.25. [ … ] Logins learning and career plans, with all 54 districts currently using AKCIS The loans, scholarships, and grants with their students. 380 Active Sites administered by ACPE encourage 62,849 Total Active Portfolios Alaska students to stay in Alaska for postsecondary education and to enter the Alaska workforce after graduation. 7 Financial Literacy Education ACPE provides webinars, videos, workshops, social media advertising, ” – Public Works LLC, Alaska Division of Legislative Audit Topics and web content on relevant financial literacy topics. Performance Review, 2016 Kids2College (5th and 6th Graders) Alaska Education Grant (AEG) “It is awesome in terms of how the information the kids “It was helpful to me because I did not have to worry received was delivered. It got my child excited each week about how I was going to support my family while going to go and she would come back home bursting with to school. The peace of mind provided by the grant is excitement and talking about what went on in the session. really what made my getting the degree possible. Without It was very insightful and informative.” all the funding I have received, I would not have been able to go to school. I am a single mother of 3 and still need to – Kids2College be able to support them. Thank you for the help in making Raven Homeschool Participant’s Parent this a possibility.” – AEG Recipient AEG Survey 61% say the AEG influenced their completion acpe.alaska.gov 48% say the AEG influenced their decision to attend full-time 1-800-441-2962 2
Student Loan Related Services The Arkansas Student Loan Authority (ASLA) is a state government agency established in 1977 to en- hance access to higher education funding. The agency is funded with revenues generated from federal student loan servicing contracts, administration of the agency’s federal student loan portfolio and con- tracts to provide Default Management Services to Arkansas higher education institutions. STUDENT LOAN HELP FOR ARKANSAS ASLA partners with the Arkansas Association of Student Financial Aid Administrators (AASFAA) to manage Student Loan help for Arkansas. Student Loan Help was launched in April 2011 to help student loan borrowers successfully navigate their way through the federal student loan repayment system and to make a positive impact on the student loan default rate in Arkansas. DEFAULT MANAGEMENT SERVICES 41% ASLA assists Arkansas colleges & universities in lowering their student loan decrease default rate. This program is having a serious impact on lowering Arkansas’ in the Arkansas’s overall student loan default rate which dropped from 19.0% to 11.2% default rate between 2013—2018 with an even lower rate expected in 2019. ARKANSAS EDUCATION LOAN PROGRAM ASLA offers affordable private loans for undergrad and graduate students to supplement the Federal Direct Loan Program. Family members and friends may also borrow on behalf of the student. Borrowers may refinance both federal private loans under the Arkansas Education Loan Program in order to lower their interest rate and take advantage of attritive repayments plans. ADMINISTRATION OF FEDERAL STUDENT LOAN PORTFOLIO ASLA owns and administers a federal family education loan portfolio. The loans were either originated by ASLA or purchased from Arkansas lending institutions. FEDERAL STUDENT LOAN SERVICING ASLA participates in student loan servicing on behalf of the U.S. Department of Education; the agency operates within a consortium of eight state-based student loan organizations. The consortium was established for the sole purpose of creating an economies of scale necessary to support the costs and requirements of the federal contract. For more information contact Amy Neathery at Arkansas Student Loan Authority. Toll-free: 800.344.6030 · Office: 501.683.4130 · Cell: 501.765.8077 · Email: aneathery@asla.info 3
College Planning Services Fund My Future is a state-wide college planning service created to assist Arkansas students in achieving their higher education goals. This service, sponsored by the Arkansas Student Loan Authority, is a valuable source of college access and financial aid information for students, parents and counselors. HOW TO PAY FOR COLLEGE GUIDES ASLA publishes “How to Pay for College” booklets each year for high school students, with an emphasis on distribution to high school juniors & seniors and their parents. The “How to Pay for College” booklet includes information on how to apply for federal and state financial aid, college preparation checklists, tax benefits for parents, frequently asked questions, college savings programs, & financial aid terms & online resources. FUND MY FUTURE FREE SCHOLARSHIP SEARCH ASLA’s college planning service, Fund My Future, provides students with comprehensive financial planning information. The Fund My Future website (www.fundmyfuture.info) houses a free scholarship search with more than 3,000 state and national scholarships. WORKSHOPS & COLLEGE FAIRS ASLA’s staff presents college planning information to students, counselors and parents at financial aid workshops, college fairs, seminars and conferences throughout the state of Arkansas. Advice and information on completing the Free Application for Federal Student Aid (FAFSA), scholarships, grands and Arkansas state aid are topics also discussed in the presentation. R. PRESTON WOODRUFF, JR. SCHOLARSHIP ASLA awards a minimum of twenty $1,000 scholarships each year to high school seniors or college students that are residents of Arkansas. THE COLLEGE QUIZ ASLA offers an online quiz (www.thecollegequiz.com) that provides valuable information to assist students with budgeting, navigating the financial aid process and managing student loans. For more information contact Amy Neathery at Arkansas Student Loan Authority. Toll-free: 800.344.6030 · Office: 501.683.4130 · Cell: 501.765.8077 · Email: aneathery@asla.info 4
CHESLA has originated 48,960 loans and disbursed over $476 CHESLA was created by the State of Connecticut in 1982 to help students million to help students and families finance the cost of higher education. finance their higher education. CHESLA’s Mission Expand higher educational opportunities and enhance the State’s economic development through higher education by providing cost-effective education financing programs and information resources to Connecticut students, alumni and their families. CHESLA’s Vision Serve as Connecticut’s leading resource for students as they plan for their college education, not only by providing financing, but by providing Since inception in 2015- information and tools for students to make informed decisions; enhance the 2016, CHESLA’s Need- competitiveness of Connecticut institutions of higher education by Based Scholarship providing grants and additional financing options; encourage interest in Program has disbursed higher education to help the State meet its workforce needs; and enhance $6.7 million to economic development through innovative higher education programs. Connecticut institutions. This has helped 3,885 CHESLA’s refinance loan students fund their program (Refi CT) has CHESLA partnered with other higher education. disbursed about $6.4 state agencies on CT Dollars and Sense, a one-stop shop to help million. students and families plan, save, and pay for college. ctdollarsandsense.com Our Values: Excellent Service, Respect, Can-Do Attitude, Transparency, Professionalism, Integrity Since 2014, CHESLA has given $16,400 in scholarships to students at Connecticut College Goal Sunday sites. VISIT CHESLA.ORG FOR MORE INFORMATION 5
GSFC Outreach: Dedicated to Spreading Financial Aid Awareness GSFC’s outreach team meets with school counselors, students and parents in traditional settings such as schools, libraries and community centers. But they’ve also been known to meet families at Starbucks, McDonald’s or Chick-fil-A to help complete a FAFSA or answer questions about financial aid and preparing to pay for college. The Georgia Student Finance Commission (GSFC) helps Georgia Outreach Activities3 students access postsecondary education through the financial aid Financial Aid Events: 2,800+ Attendees: 117,000+ programs we administer and the educational services we provide. 3 July 1, 2017 – June 30, 2018 Georgia’s College Connector: Guide to College & Career Success Scholarships, Grants and Loans: Helping Georgians Pay for College One of GSFC’s most popular resources is Georgia’s College When it comes to going to college, financial aid can make all Connector. It is a magazine-style booklet full of valuable the difference. GSFC administers 20 lottery- and state-funded tips, hints and resources to encourage college and career programs to help Georgians pay for their postsecondary success. The Connector includes grade-specific checklists, education. In FY 2018, GSFC awarded almost $817 million profiles of the financial aid programs GSFC administers, a to more than 232,000 recipients across all of its financial aid glossary of financial aid terminology, and much more. programs. REACH Georgia: Changing Lives! GAfutures.org: Valuable Resource to Plan, Apply and Pay for College GSFC administers REACH Georgia, a unique scholarship and mentoring GAfutures is Georgia’s free online resource program to assist academically promising, low income students. With loaded with tools and information that make the academic and social support from 8th grade to high school graduation and process of searching, applying and paying for beyond, REACH Scholars, who meet program requirements, can earn up to a college easier. $10,000 scholarship for their college education. Learn more at reachga.org. State Programs Federal Aid Programs College Planning Career Exploration Path2College 529 Plan: Reducing the Cost of College Marketing Georgia’s Path2College 529 Plan is another way GSFC is educating families about planning to pay for college. Last year, almost FAFSA Completion in Georgia: Raising Awareness and Completion Rates 18,000 accounts were opened, bringing the total number of accounts in Georgia to almost 163,000. And Georgians are not just opening GSFC actively promotes the importance of FAFSA completion through events across the state. Working accounts, they’re contributing - $347.5 million in 2018. Learn more about directly with schools having low FAFSA completion, along with schools that are FAFSA completion Path2College at path2college529.com. champions, colleges and community organizations, GSFC plays an integral role in increasing FAFSA completion in Georgia. For the 2018-2019 FAFSA, Georgia ranked ninth in year-over-year percent change and twenty-second in seniors completing the FAFSA.1 FAFSA Activities2 Be Social FAFSA Completion Assisted with 1,700+ FAFSA facebook.com/GAfutures twitter.com/GAfutures Events: 420 submissions at events facebook.com/REACHGA twitter.com/REACHGA facebook.com/Path2College529 twitter.com/Path2College529 1 NCAN Form Your Future FAFSA Tracker 2 July 1, 2017 - June 30, 2018 6
Midwestern University health professions students face important and challenging personal and financial decisions throughout their enrollment and after graduation. The Sensible Strategies Financial Literacy Program developed by the Office of Student Financial Services provides students with multiple programs aimed at helping them build a strong foundation to handle complex financial decisions. PRESENTATIONS AND WORKSHOPS Sensible Strategies includes a variety of opportunities to learn more about financial decision-making through the use of presentations and workshops that include one-on-one and group discussions, special events hosted with external financial professionals, and web-based tools to develop financial strategies and a personal repayment plan. All of the presentations, workshops, events, and extra credit resources are provided without charge. In the 2018-19 Academic Year, nearly 3,700 students have voluntarily participated in various presentations and workshops on both our Illinois and Arizona campuses. www.midwestern.edu 7
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Established in 1979 as a private, nonprofit corporation, Iowa Helped Student Loan helps Iowa students and families obtain the resources necessary to succeed in postsecondary education. Based in West Des 392,500 Moines, Iowa, the organization provides an array of financial literacy and responsible borrowing tools, community reinvestment programs, including support for free college planning services for students and students pay for families, and borrower benefits. For more information about Iowa Student college Loan, visit www.IowaStudentLoan.org. Student Loan Game Plan College Funding Forecaster 22,417 users/ All applicants for supplemental private applicants The College Funding Forecaster helps students and student loans, and their cosigners, families understand how to plan for funding college over experience the online financial counseling the entire course of their career, not just the first year. The feature called Student Loan Game PlanSM. tool uses information from a user’s freshman financial aid 12.4% reduced award packet to project college costs for four years as well their planned as the potential college funding gap and the potential borrowing student loan debt. level In 2018, two Iowa high school seniors received $1,500 $8.5 Million college scholarships and 20 additional students received total loan $250 awards through a program requiring completion of data from 2012–2015 reductions the College Funding Forecaster tool. $8,000 All data from 2012-2018 total amount awarded ROCI Reality Check 4,573 ROCI Reality Check provides information on the tool visits return on college investment, or ROCI, students can July 1, 2017-June 30, 2018 expect from degrees of specific majors. Users see information on: Grad Degree Gauge • Jobs tied to specific majors. • Starting salaries for common jobs. The Grad Degree Gauge is designed to help students • Potential for future job openings. who are thinking about either moving directly from • Required training and responsibilities for jobs. undergraduate to graduate education or returning to school from the workforce. Parent Handbook The Parent Handbook is a module of valuable The tool allows users to: tips to help families of students in sixth 3,741 visits `` C ompare expected earnings between current through 12th grades prepare for success in degrees and additional grad degrees. collge and other postsecondary options. The `` W eigh the expected borrowing level and cost Handbook addresses common questions and July 1, 2017-June 30, 2018 to attain a graduate degree against estimated provides a roadmap for academic and financial earnings. success. Users choose the topics they are most interested in at their students’ current stage and may request additional detailed `` E xplore career opportunities for those with the information on any topic covered. desired graduate degree. ©2019 Iowa Student Loan Liquidity Corporation® 10
Supporting Free Community Programs Iowa Student Loan uses available corporate resources for community reinvestment programs supporting its mission each year. Approved annually by the board of directors, this figure represents the budgeted total dedicated to community reinvestment programs mentioned here. ICAN Support College Planning and Community Outreach Iowa Student Loan provides continued significant An integral part of our mission is ensuring that underserved populations financial support to ICAN, formerly known as Iowa in Iowa have access to the resources they need to succeed in College Access Network, offering free college planning postsecondary education. In pursuit of this, we seek out opportunities to services statewide. reach these families and work with other organizations that have access to these populations and help fill gaps in outreach and resources. 6,656 FAFSAs completed `` B y Degrees Foundation Iowa Student Loan sponsors financial literacy events for parents of students attending Findley Elementary in Des Moines. The By Degrees Foundation program works to help disadvantaged 825,000 customers served families begin to imagine the possibilities of college – a dream that can often seem out of reach for students. 99% Iowa high schools receiving in-person ICAN support `` U I REACH The University of Iowa REACH Program is a two-year transitional certificate program for students with muliple intellectual, cognitive and learning disabilities. Iowa Student Loan provides $10,000 to fund a scholarship for one or more Iowa students. Senior Scholarship `` K irkwood Community College Focused Skill Training Program The Iowa Financial Know-How Challenge: Senior Kirkwood Focused Skill Training (FST) supports students with Scholarship program provides the top scoring autism who are pursuing two-year degrees and certificates. Iowa students on an assessment, related to Student Student Loan helped fund acquisition of software and other Loan Game Plan and ROCI Reality Check, a $2,000 program costs enhancing services for FST students. scholarship. Each winner’s school district receives `` I SU 4U Promise a corresponding award to enhance financial ISU 4U Promise Community Alliance helps community literacy programs or scholarships. organizations, agencies and businesses participate in programming. Iowa Student Loan works with Iowa State University to maintain a college-going pathway for youth attending King and 12,700+ Moulton elementary schools in Des Moines. students registered 130 scholarships awarded Save Now, Save Later The Save Now, Save Later: College Savings Plan Parent Giveaway gives $240,000 Iowa parents a chance to win a deposit into a College Savings Iowa® in scholarships awarded account for their student. Completion of the Parent Handbook is a required contest element. $45,000 awarded to Iowa 11,791 $220,000 high schools total parents 180 total amount total deposits data from 2014–2018 registered awarded awarded data from 2014–2018 11
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2 0 1 8 M I S S I O N & R E S U L T S To develop and coordinate projects, programs and workshops which provide resources for FAFSA comple on and college access, and statewide outreach ini a ves to help assure students’ success on their path to and during college. 3,145 Lela representa ves assisted over 3,000 students across Louisiana in crea ng their FSA ID and submi ng their STUDENTS FAFSA. Over 1,000 were assisted through Lela’s FAFSA HELPline. 110 Lela representa ves worked with high school counselors EVENTS statewide to coordinate and conduct over 100 FAFSA Comple on events on their campus. $15,000 Lela awarded $15,000 in scholarships to Louisiana high school seniors through various outreach campaigns and SCHOLARSHIPS random drawings. 55,000 in Lela provided 55,000 FAFSA Comple on and College Planning PUBLICATIONS Guides to Louisiana students and offered an electronic Plan‐ ning and Paying for College Guides to Louisiana parents. Lela College Planning Center · www.lela.org · FAFSA HELPline (844) GO FAFSA 2237 South Acadian Thruway, Suite 603 · Baton Rouge, LA 70808 Tricia Dubroc, VP Student Loans and Administra on ‐ dubroc@lela.org Joni M. Leggio, AVP Marke ng and Outreach ‐ leggio@lela.org 13
ABOUT MEFA MEFA’S RESOURCES For over 35 years, MEFA’s mefa.org mefapathway.org unmatched expertise, MEFA’s website serves as a MEFA’s free, online college and comprehensive guidance, roadmap to help families plan for college and reach financial goals. career planning tool allows middle and high school students and and diverse products and Parents, students, counselors, and their parents to explore interests college administrators can access and talents in order to build service offerings have been a comprehensive financial literacy academic and career plans. Skills helping students and families curriculum with videos, calculators, timelines, podcasts, and a wide assessments, interactive interviews, comprehensive college and career in Massachusetts and beyond range of detailed information to planning information, and so much help with future plans. MEFA’s more are available to help students plan for the future. College Planning Tool helps create a personal profile to dream families create a personal strategy big and plan for the future. to pay for college costs. MEFA’s mission, since its founding in 1982, has been to help students and families In-Person Community Seminars Webinars access and afford higher MEFA’s in-person seminar program, MEFA currently offers over 50 offered in collaboration with high webinars annually for families education and reach financial schools and organizations across and school counselors to provide goals through education the Commonwealth, provides 600 presentations each year on saving education and guidance on each step of planning for college and reaching programs, tax-advantaged for college, college admissions, financial goals. Topics include financial aid, paying the college bill, saving for college, understanding savings plans, low-cost loans, and saving for disability-related the FAFSA, paying the college bill, and expert guidance. All of expenses. managing loan repayment, and saving for disability-related expenses. MEFA’s work aligns with the ever-present goal to support the independence, growth, Professional Development Trainings Participation in FAFSA Day Massachusetts and success of students and MEFA’s in-person trainings for school MEFA has been a long-standing, families. proud supporter of Massachusetts counselors, college administrators, FAFSA Day, the state’s College and community influencers provide Goal Sunday program, working important updates, comprehensive directly with students and families guidance, and free resources on the (800) 449 - MEFA (6332) on FAFSA completion. college financing process, financial aid, and college savings. collegeplanning@mefa.org JOIN OUR COMMUNITY AT MEFA.ORG 14
Higher Ed for One Minnesota The Minnesota Office of Higher Education is a cabinet-level state agency providing students with financial aid programs and information to help them gain access to postsecondary education. We also serve as the state’s clearinghouse for data, research and analysis on postsecondary enrollment, financial aid, finance and trends. MINNESOTA STATE GRANT PROGRAM Making college affordable. Minnesota’s largest financial aid program that awards up to $208 million (projected FY 2019) in need- based grants to Minnesotans attending eligible colleges and universities. In 2019-2020, the Program will increase its funding to prioritize affordability for low and middle-income students. In addition, the Minnesota Dream Act awards need-based financial aid to undocumented students who are Minnesota residents and meet specific criteria. 2018 485 MN state grants awarded to Total funds granted Average sum of state dreamers were awarded grants 80,793 $194.02 awarded in average college million $2,401 $2,951 students in state grants 15
HOW OUR PROGRAMS WORK FOR MINNESOTANS Minnesota SELF Loan MN Reconnect SELF Loan is a long-term, low-interest student loan. Because The MN Reconnect program helps adult learners re-enroll and the SELF Loan is administered by a state agency, the interest complete their college education. Support such as dedicated rates may be lower than private loans and some federal loans. advising, financial assistance and improved campus services are offered to help students successfully complete their program Minnesota SELF Refi and earn their degree. SELF Refi is a student loan refinancing program available to Minnesota residents who completed a postsecondary course Dual Training Grant of study and meet the credit criteria. SELF Refi could reduce By combining on-the-job training with classroom learning, the amount of interest paid and/or provide a more manageable Dual Training grants help employers develop their workforce, monthly payment amount. while providing employees the benefit of earning a paycheck while they learn new skills to be successful at their current job Get Ready or into the future. An early intervention and college awareness program that helps students in middle and high school from low-income Intervention for College Attendance backgrounds and communities of color realize their aspirations The Intervention for College Attendance Program (ICAP) through education and career advancement. provides grants to programs that foster academic success and ensure underrepresented students are prepared for college and a career. Our mission is to support the pursuit and completion of a higher education credential by every Minnesotan, regardless of race, gender, or socio-economic status, in order to enhance our democracy, the State’s economic vitality, and individual quality of life. Minnesota Goes to College Summer Academic Enrichment Program This engagement program comprises two statewide campaigns Summer vacation takes a toll on students’ knowledge and around college knowledge and readiness. The goal is to provide skills; low-income students are especially vulnerable to this every graduating high school senior with the preparation, summer melt, and, over years, find it difficult to catch up. The opportunity, and support needed to apply to college. The Summer Academic Enrichment Program allow low-income program intendedly reaches out to students of color, first- elementary and secondary students to attend an approved generation students, and low-income students. academic summer program. These rigorous learning programs help them improve their academic skills and prepare them to continue their education after high school. GET IN TOUCH @MNOfficeofHigherEd Minnesota College Savings Plan This state-sponsored, tax-advantaged 529 college savings MNOfficeHiEd plan helps families and individuals plan for the cost of higher education. @mnofficehighered OHE.STATE.MN.US 16
Established in 1982 and based in St. Louis, Missouri, MOHELA is dedicated to providing world-class customer service for the 2.3 million customers and students whose loans we manage. As a knowledgeable and approachable go-to resource for account 633 Spirit Drive | Chesterfield, MO 63005 information and repayment options, we provide the tools to help 888.866.4352 | mohela.com students successfully repay their student loan. Customized, Personalized Assistance MOHELA uses a high-touch approach to educate student loan borrowers and help borrowers with transactions throughout the life of their loan. This includes helping borrowers while they are in school, as they enter grace and prepare to enter repayment, during repayment and as they pay off their loans. When borrowers are unable to afford their monthly payments, our Student Loan Counselors use a comprehensive call flow to explore options for lowering and postponing payments. For example, when income-driven repayment plans are determined to be one of the best options for the borrower, a Counselor will prefill the repayment plan request and send the application to the borrower to sign and return with income documentation. Borrowers can choose to have their prefilled application delivered to their web account or via mail. We have found that borrowers C C ustomustomer er can more easily complete the entire application process with our assistance. P P romiromise se As a result, borrowers are brought “MOHELA “Mis committ OHELA ed to giving is committed to giving our our customers custome rs a a first-ratefirst-rate experien experience. ce. To aid To in aid in repaying repaying youryour student student current (if past due on payments) and loans, weloans, we promise promise to listen, to listen, offer customized solutions offer customi zed solutions are offered assistance with how to to meet toyourmeetspecific your specific needs and provide superior needs and provide superior guidance as your dedicated resource guidance as your dedicated resource expert.” expert.” manage their account and monthly kbd 1/6/14 a kbd 1/6/14 a payments. MOHELA gives back... to Stakeholders, not Stockholders We not only ensure borrowers have the information To date, MOHELA has and tools to successfully repay their student loans, we contributed more than contribute financial support to help students pursue higher education. 443 million in programs & efforts • Contributed • Donated over $50.3 $245 million to million to the Missouri designed to help ease higher education Scholarship and Loan the burden of financing institutions Foundation to provide • Funded 70.5 million in innovative products higher education. and services to help student scholarships students, particularly • Provided those with insufficient commercial financial resources, borrowers benefits to prepare for, enter through reduced into and successfully interest rates and complete higher over $48 million in education loan forgiveness • Invested more than $30 million to provide first-class federal loan servicing kbd190220f 17
The Foundation currently has three programs helping Missouri students to persist to graduation moslf.org Missouri Family Education Loan Program (MOFELP) MOFELP is an interest free, fee free loan available to help students who may not have the financial resources but have the academic potential to succeed in higher education. MOFELP is filling the gap many Missouri students face when they receive their student award letters. More than $4.8 million in loans were disbursed in fiscal year 2018 and the program has nearly doubled in size each year since its inception. Director’s Choice Grant Program This program is a valued tool for Missouri financial aid directors. Financial aid directors sometimes have students facing emergency situations – sometimes a small award can make a big impact for students facing an urgent situation. This program is intended to help those students stay in school through a difficult time and persist to graduation. Approximately $138,000 in small, emergency grants were funded in fiscal year 2017 and $158,825 in fiscal year 2018 to Missouri students attending Missouri public four-year institutions, community colleges and the State Technical College of Missouri. Additionally, data was collected to measure the effectiveness of this grant program. Since the beginning of the program in 2012, 82 percent of students who received this emergency grant were either still in school or had graduated. This information reinforces and supports that these awards are making a positive impact for Missouri students. Purdy Emerging Leaders Scholarship This program, named in honor of Allan Walker Purdy, is intended to provide merit-based scholarships to Missouri’s emerging leaders who are outstanding students and have a need for additional resources for higher education. This scholarship supports candidates who demonstrate academic merit, strong leadership potential and exceptional character. Additionally, these students have a vision, are eager to make their contribution to the world and have the work ethic to bring their dreams to fruition. The selection process includes a review of the candidate’s community involvement, cumulative GPA, leadership achievements, values and reference commentaries, among other criteria. In the 2017-2018 academic year, there were approximately $347,040 in scholarships, and those are renewable for up to three years. $17.2 million in loans have been disbursed since MOFELP began in 2014 $500,000 in Director’s Choice Grants have been funded since 2015 $887,040 Purdy Emerging Leaders Scholarships have been awarded since the scholarship began in 2016 18
Reach Higher Montana, the public benefit arm of the Montana Higher Since 2000, our programs have provided over Education Student Assistance $38 million in public benefits to students and families. Corporation (MHESAC), guides, Public Benefit Programs Include: prepares, and supports Montana students with inspiration, Statewide Outreach Services information, and resources for Reach Higher Montana Advisors located in Helena, Billings, Butte, Great Falls, college. Through a variety of Missoula and Kalispell work locally to programs, Reach Higher Montana assist high school students with planning, works with students and their preparing and paying for college. families to explore college options Specific services include: Reach Higher Montana and develop strategies to fund their FAFSA completion assistance Scholarships provide $1,000 higher education pursuits. From awards to Montana students Financial aid presentations for pursuing, or hoping to pursue, expert assistance completing the parents of high school students college in Montana. Some Free Application for Federal Student Education finance planning of the scholarships are awarded Aid (FAFSA), to scholarship search Scholarship searches and assistance to graduating seniors, and some resources and our own scholarship are awarded to Involvement in community efforts to funding, Reach Higher Montana’s help more students prepare for college. $897,000 continuing college program staff and advisors connect delivered students. students to tools and funding so that financial barriers to college are Scholly Partnership eliminated or greatly reduced. Reach Higher Montana 28,000 sponsors access to Reach Higher Scholly, an innovative Montana nationwide scholarship FAFSA help students served search tool. To date, helps students Reach Higher Montana was established Montana students have and parents successfully complete the July 1, 2016, as an initiative of the Montana reported scholarship wins Free Application for Federal Student Aid Higher Education Student Assistance through Scholly valued at (FAFSA) ahead of the early application deadlines for Montana schools. Corporation (MHESAC). Prior to July 1, 2016, the programs comprising Reach Higher Montana $396,000. were delivered through Student Assistance Foundation (SAF). Today, MHESAC contracts Reach Higher Montana Summit for with SAF to operate its programs in Reach Higher Youth in Foster Care provides eligible Montana. Both MHESAC and Student Assistance $5,000 per year for eligible foster youths a with meaningful college preparation experience held on a college Foundation have long histories supporting college campus each summer. In addition to access and success, and Reach Higher Montana foster youth staying on campus and learning about is the next evolution of the organizations’ shared personal financial management, college commitment to student success. Foster Care success strategies, and communication, Education and Training each college-bound participant receives Vouchers provide up to a new laptop for college. For students $5,000 per year for eligible pursuing other forms of postsecondary college-bound students who education, life skills packages are have “aged-out” of the foster provided to help them acquire any care system. In addition to necessary tools and equipment. financial support, Reach Higher Montana helps these students complete the FAFSA, Reach Higher search for scholarships, and provides a trusted resource Starting Montana will for questions that may arise July 1, 2019 embark on a new after the students transition strategic direction. ReachHigherMontana.org to college. This will change the focus of our programs (877)COLG4ME (265-4463) to college and career awareness, with special emphasis on serving Montana’s Follow us most rural communities. 2019 19
COMMUNITY IMPACT CONTINUUM OF K-16 SERVICES & PROGRAMS (2017-2018 academic year) Over 23,400 New Hampshire residents benefitted from our services.* COLLEGE PREPARATION AND COLLEGE FINANCING 239 presentations, reaching nearly 9,000 NH residents PRESENTATIONS – Financial Aid, College Prep for Juniors, Paying for Presentations at 100% of the public high school in NH, College 101 as well many of the private high schools COLLEGE PREPARATION AND FINANCING/FUNDING OPTIONS APPOINTMENTS *Nearly 400 appointments with 758 attendees Expert counseling from NHHEAF college counselors FILE-A-FAFSA PROGRAM free assistance filing the Free Application for Federal *Over 870 FAFSAs filed; 1,376 attendees by CCP Staff Student Aid (FAFSA)in Concord offices DESTINATION COLLEGESM Over 1,000 high school juniors and their parents Annual signature college planning event registered. (2018 marked the 19th annual event) I AM COLLEGE BOUND/I APPLIED! State Coordinator of state’s in the American College 34 public high schools – 1,356 high school seniors Application Campaign (ACAC), encouraging low- (about 25% of all seniors at these high schools income, first-generation high school seniors to submit participated) – 3,365 college applications submitted at least one college admission application during a (85% of all applications were to to NH schools) particular school day. COLLEGE SUMMER BOOTCAMP Four-hour workshops offered during the summer at the NHHEAF campus to assist rising high school seniors (Over 120 attendees in July-August 2017) embarking upon the college admissions process in a relaxed, small-group setting with the support of our college counselors. ......................... ......................... ......................... ......................... 2018-2019 Edition ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... THE COLLEGE ADMISSIONS INSIDER Distributed to 20,000 NH high school juniors and ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... seniors. ......................... College admissions publication ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... . . . . . . . . . . . . . . . . . . . . . .NHHEAF ... . . . . . . . . . . . . . . . . . .The ....... Network Organizations’ . . . . . . . . . . . . . . . . . . . . . . for ... . . . . . . .College Planning (CCP) . . . . . . . . . . . . . . . . . .Center ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... 2018-2019 Edition ......................... THE FINANCIAL AID INSIDER ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... Financial aid publication discussing federal financial ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... Distributed to over 10,000 NH high school seniors. ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... aid process, alternative funding options, and ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... scholarship information ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... . . . . . . . . . . . . . . . . . . . . . .NHHEAF ... . . . . . . . . . . . . . . . . . .The ....... Network Organizations’ . . . . . . . . . . . . . . . . . . . . . . for ... . . . . . . .College Planning (CCP) . . . . . . . . . . . . . . . . . .Center ......................... ......................... ......................... ......................... TOLL-FREE COLLEGE PLANNING HOTLINE Free telephone support to answer college planning & Over 3,400 inbound calls. financial aid/funding options questions Delivery of 2 classroom programs for 7th and 8th GEAR-UP NH SUBGRANTEE grade students in group, also 3 Discover U events, Support state’s first Gear-Up program in seven 2 staff tranings, and 6 Early College Planning K-8 communities with college access programming programs for parents. *Does not include social media Helping New Hampshire Families Plan and Pay for College Since 1962. followers and publications distributed. 20
COMMUNICATIONS OUTREACH VARSITY LETTER (for parents, students, & school counselors) Monthly e-newsletter provides timely tips, scholarship Over 6,200 Varsity Letter subscribers information, and details about free upcoming programs and events. Facebook - 2,325 Likes SOCIAL MEDIA Twitter - 2,635 Followers Daily posts with college planning information LinkedIn - 172 Followers (weekly) SCHOLARSHIP PROGRAM COLLEGE EQUALS OPPORTUNITY (CEO) PROGRAM *$400,000 Awarded Since Inception to 101 NH Annual scholarship opportunity for outstanding college sophomores and juniors NH resident college student leaders. SUPPORT FOR SCHOOL COUNSELORS SCHOOL COUNSELOR TRAININGS Comprehensive trainings to support K-12 *5 Trainings; 129 attendees students in aspiring, planning and affording postsecondary education. FREE COLLEGE PLANNING CURRICULUM *9 programs offered, over 60 programs “Train the Trainer” program with detailed lesson downloaded; expected to reach over 6,000 plans and materials allows K-12 school counselors K-12 students. Most popular: “Are you Smarter to deliver college access programming Than a 12th Grader?” & College Jeopardy throughout the year. FREE COLLEGE PLANNING MATERIALS Including File-Your-FAFSA poster, College Guru’s Suggested College Planning Timeline SCHOOL COUNSELOR QUARTERLY Each e-newsletter provides timely tips, scholarship information, national news and *Over 900 subscribers details about free upcoming programs and events. I’M GOING TO COLLEGE MONTH Statewide college awareness campaign which includes celebration ideas for K-12 schools to create/support a college-going culture. SUPPORT FOR ELEMENTARY & MIDDLE SCHOOL STUDENTS AND FAMILIES NEW HAMPSHIRE COLLEGE CLUB Educational, fun and interactive site that promotes early college awareness to NH students. EARLY COLLEGE PLANNING PRESENTATION AND 2018-2019 Edition GUIDE Designed especially to give NH parents 8 presentations reaching 165 parents. PLANNING your CHILD’S for EDUCATION guidance on preparing for their children’s future educational goals. Early College Planning Guide Helping New Hampshire Families Plan and Pay for College Since 1962. nhheaf.org • 888.747.2382, x119 21
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