Kelli Reed Missouri Dept. of Higher Education State Update Kelli Reed Missouri Dept. of Higher Education

Agenda Budget Outlook Legislative Update Journey to College Enhancements State Aid Review Recertification Q&A January 1, 2019 MASFAP Conference I Keeping it REAL!

FY 19 State Operating Budget, by Source January 1, 2019 MASFAP Conference I Keeping it REAL

FY 19 General Revenue, by Source January 1, 2019 MASFAP Conference I Keeping it REAL

January 1, 2019 MASFAP Conference I Keeping it REAL

Revenue Outlook FY 2018 FY 2019 FY 2020 5% increase over FY 2017 Ended year with budget surplus FY 2019 Consensus revenue estimate – 2.5% increase YTD – 3.9% decline FY 2020 Continued modest growth (3% to 5%) Continued downward pressure Reduced personal income tax rates Highway/Gasoline tax increase January 1, 2019 MASFAP Conference I Keeping it REAL

FY 2020 Requests A+ - $1.5 million Access - $9 M Private school expansion Access - $9 M Phase-in to full funding 82% of statutory maximum Bright Flight - $500,000 Program growth Ross - $284,000+ Serve additional students January 1, 2019 MASFAP Conference I Keeping it REAL

Legislative Update 2018 Session TAFP SB 807 & 577 (omnibus) New Access Missouri institution category added Approved Virtual Institutions Western Governor’s University (WGU) Also passed in HB 1744 Public Safety Officer program expanded EMTs Specified air ambulance personnel Uniformed employees of the Office of the State Fire Marshal A+ 3-year attendance requirement modified January 1, 2019 MASFAP Conference I Keeping it REAL

Legislative Update 2019 Session Proposals Public Safety Officer correction Line of duty definition Creation of capital emergency fund Institutional catastrophic events Financial aid review recommendations Any action of a public safety officer whose primary function is crime control or reduction, enforcement of the criminal law, or suppression of fires, is authorized or obligated by law, rule, regulation or condition of employment or service to perform. January 1, 2019 MASFAP Conference I Keeping it REAL

Talent for Tomorrow Cooperative effort w/Dept. of Economic Development and Hawthorne Foundation Statewide listening tour Outcomes Assessment of how the state’s current workforce aligns with employer needs, Build a workforce system that can adapt as the economy evolves, and Identify a pilot project Increase educational attainment of population by one level Address workforce gaps and unfilled need for workers https://www.bestinmidwest.com/ January 1, 2019 MASFAP Conference I Keeping it REAL

https://journeytocollege.mo.gov/ Student focused website highlighting: Postsecondary preparation Planning for postsecondary education Paying for postsecondary education Persisting to graduation MDHE supported activities/initiatives Enhancements under development https://journeytocollege.mo.gov/ January 1, 2019 MASFAP Conference I Keeping it REAL

Course Transfer Tracker Search all CORE 42 courses Transfer as equivalent credit at all MO public colleges & universities https://web.dhe.mo.gov/dhe/coursetransfertracker/homepage.faces Enter general education courses taken to see how they’ll transfer January 1, 2019 MASFAP Conference I Keeping it REAL

Updated College and Degree Search Select search criteria for up to 4 school comparison: https://web.dhe.mo.gov/dhe/collegedegreesearch/collegesearch.faces OR Journeytocollege.mo.gov>>Plan>>Search Missouri colleges and degrees Updated Financial Aid Portal Student-centered and streamlined Incorporation of smaller programs On-line eligibility estimator/application Electronic letters Available for 2020 seniors January 1, 2019 MASFAP Conference I Keeping it REAL

New student workspace Save and organize college-related information from a variety of sources: College cost and course transfer comparisons Financial aid Tools (worksheets, calendars, notes, etc.) Available for 2020 seniors January 1, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Blueprint for Higher Education Affordability Strategy 3 Phases: Taskforce to set policy goals State student financial aid committee to design programs Implementation State Aid Review Info: https://dhe.mo.gov/ppc/grants/stateaidreview.php January 1, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 1 Policy task force April – June 2018 Report approved by CBHE June 2018 Highlights of 12 recommendations: Student centered programs Need v. merit Flexibility to serve adult/part-time students Institutional & workforce partnerships to create an educated citizenry & highly skilled workforce Marketing Sufficient funding January 1, 2019 MASFAP Conference I Keeping it REAL

State Aid Review Phase 2 Program review State Student Financial Aid Committee June – Nov. 2018 Comment period on draft recommendations ends November 16 Final recommendation to CBHE in Dec. 2018 January 1, 2019 MASFAP Conference I Keeping it REAL

2019 Recertification Electronic materials: Timeline: Email to financial aid directors w/link to web page Fillable PDF application Statutes and regulations Participation agreements Timeline: Fall 2018/Winter 2019 – Application June 2019 – CBHE Approval September 2019 – Effective January 1, 2019 MASFAP Conference I Keeping it REAL

Questions? January 1, 2019 MASFAP Conference I Keeping it REAL

Contact Us P.O. Box 1469 Jefferson City, MO 65102-1469 State Aid Questions General Questions Connie Bestgen Financial Aid Specialist (800) 473-6757, option 4 (573) 751-1772 connie.bestgen@dhe.mo.gov P.O. Box 1469 Jefferson City, MO 65102-1469 Phone: (573) 751-2361 Fax: (573) 751-6635 Info. Center (800) 473-6757 info@dhe.mo.gov www.dhe.mo.gov Amy Haller (573) 526-7958 amy.haller@dhe.mo.gov Kelli Reed Senior Associate (573) 751-2444 kelli.reed@dhe.mo.gov January 1, 2019 MASFAP Conference I Keeping it REAL