Michigan Department of Treasury Student Financial Services Bureau

2018-19 Budget Update (Tentative) CVTG & STG – $1,400,000 Dual Enrollment – $2,007,600 Fostering Futures – $750,000 GEAR UP 2 & 3 – $3,200,000 MCS – $32,361,700 (increase of $6M) MTG: Executive – $32,021,500 House – $38,021,500 Senate – $38,021,500 TIP – $59,800,000 (increase of 1.5M)

2018-19 Program Changes Students must file a FAFSA to be considered eligible for ALL State programs. ONLY MCS and MTG have a FAFSA deadline date for filing (March 1). MTG FAFSA deadline date changed to March 1 MTG award recommendations: Executive – $2,100 House – $2,300 Senate – $2,400 MTG 10-semester renewal rule eliminated MTG cap increases to $4,200,000

2018-19 Program Changes – Cont. TIP cap recommendations: Executive – $8.5M House – $10.0M Senate – removes institutional cap TIP billable tuition rate recommendations: Executive – 3X the average community college in-district tuition rate House – same as executive Senate – no change from the 2017-18 tuition rate

MiSSG News Iteration IV is out of DEV and currently in UAT Expected to go live late-Summer 2018 Iteration IV adds the following programs to MiSSG: Dual Enrollment Fostering Futures Scholarship MI GEAR UP New ineligible reasons will appear on records and reports: High School Graduation After Award Year Makes students ineligible for award if their high school graduation is in a later academic year Example: Students who graduate in 2020 are not eligible for awards in Academic Year 2018-19 FAFSA Not on File: Students will be ineligible for any award in an academic year that MiSSG does not have a FAFSA on file MiSSG Manual is available on our Web site

Michigan Nursing Scholarship After further examination of the MNS funds, SSG cannot provide scholarships in Academic Year 2018-19

Program Reminders Important to bill for ALL enrolled students each semester/term of the academic year SSG cannot accurately project remaining expenditures when students are not certified SSG can ONLY make payments on behalf of students for the current academic year TIP and CVTG Letters of Eligibility are NOT required. Some institutions are still telling students it is a requirement, thus creating a barrier for students enrolling Institutions having additional TIP requirements should clearly state those as your requirements and not a requirement of SSG

High School Counselor Workshop Surveyed high school counselors: Workshop date is October 2 from 9:30 a.m. – 12:00 p.m. Currently surveying colleges for host sites: Survey available until June 14 at 5:00 p.m. As of June 5th, ten institutions have committed to being host sites Reserve space – computer, Internet, projector screen, and parking to accommodate attendees Must include a Federal update and FAFSA demo following MI Student Aid portion Campus tour – optional Light refreshments, snacks, and/or lunch – optional State portion will be approximately one hour: Q & A after each section Counselor SCECHs will not be available Counselors can opt in via Webinar

MI Student Aid Outreach Initiatives MI Scholarship Search Tool Fall regional events Video library Dee-1 hip-hop artist at East Kentwood HS on 9/27 Financial literacy workshops – visit our Web site MI Student Aid Web redesign Text messaging campaigns targeting Class of 2019 Partnerships with multiple organizations

MI Talent Pledge Scholarship Implementation Fall 2018 Award amounts: $750 one-year certificate $500 two-year certificate ($500 each year) $250 stipend paid each year Eligible students identified by MDHHS – Healthy Michigan Plan High school diploma or recognized equivalent Eligible institutions include proprietary schools Age range 16-45 at the time of application

MI Talent Pledge Scholarship – Cont. Must be enrolled full-time in a qualifying program Maintain at least a 2.25 GPA Institutions must implement a talent guarantee: Provide relevant training in the relevant field at no cost to graduate who successfully completes program Institutions are encouraged to work with their local Michigan Works agencies to implement this guarantee

MI Talent Pledge Scholarship – Cont. Students must complete an application – No deadline date for Academic Year 2018-19 Categories: IT and Computer Science Manufacturing Healthcare Other Professional Trades Business and Other Programs within these categories have yet to be defined Criteria: Credential MUST result in a qualifying high-demand field One-year certificate must be completed within one year Two-year certificate or associate degree must be completed within two years

MI Talent Pledge Scholarship – Cont. Prorated amount of the stipend is forwarded to students following each regular meeting with a coach, mentor, or counselor as an incentive for the students to meet Stipend payments will be sent to the institutions on behalf of their students. Institutions will be responsible for disbursing stipends

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Michigan Department of Treasury Student Financial Services Bureau 1-888-447-2687 www.michigan.gov/mistudentaid mistudentaid@michigan.gov

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