Presentation by the Florida Department of Education, Office of Student Financial Assistance (OSFA) Theresa Antworth Director, State Scholarship & Grant Programs March 11, 2011

 Third largest student financial aid program funded by Florida Legislature  Considered Tuition Assistance not Financial Aid  No need or merit component  30 Participating Institutions  Keiser University to join the program in

Program Name Program Type Appropriation Percent of Total Student Count * Bright FuturesMerit$437,282,54665%179,659 Florida Student Assistance Grant Need$129,977,70719%124,275 Florida Resident Access Grant Tuition Assistance $83,856,50012%34,493 Other (includes federal Robert C. Byrd) Other$25,343,5024%23,573 Total (state and Byrd funds) $676,460,255100%362,000 * Program student counts are from March 2011 Student Financial Aid Estimating Conference 3

 Annual GAA sets the maximum award amount and appropriates funds for a consensus count of full time students  Award is capped at each student’s tuition and fees  Average Tuition and Fees = $21,800  Current Annual Maximum Award = $2,425  Each eligible student receives maximum award  If more students enroll than were appropriated; then a prorated amount is awarded  If fewer students enroll, then late reported enrollees are awarded  About one-third of FRAG students also receive either Bright Futures (26%), or FSAG (22%), or both (9%) 4

 1979 as a State Tuition Voucher Program (s F.S.) to:  Support institutional diversity  Counter declining percentage of students enrolled at private institutions  Reduce the difference between public and private tuition; i.e., tuition equalization grants  Reduce the tax burden on Florida citizens  Maximum annual award of $1,000; later changed to a range of $1,150 - $2,000 5

 Required students be degree seeking and enrolled in Associate or Baccalaureate programs  Amended residency requirements  Recommended increased voucher amount if ratio between tuition and General Revenue at public institutions decreased for 3 years  Required institutions be accredited by SACS  Intent of tuition assistance vs financial aid  Advanced payments to institutions requiring subsequent reporting of expenditures 6

 Aligned maximum award to 40% of the full cost to the state for FTE’s at public institutions  Removed minimum award amount  Renamed from State Tuition Voucher to William L. Boyd, IV, Florida Resident Access Grant  Amended award amount to be set in GAA annually 7

25 Eligible Institutions  Non-profit  Located in and chartered by the state  Accredited by an agency holding membership in the Council on Postsecondary Accreditation (dissolved in 1993)  Granted baccalaureate degrees  Credits acceptable without qualification for transfer to state universities  Not a state university  Not a pervasively sectarian institution Student Eligibility  Graduate of a Florida high school  Resided continuously in Florida for 2 years  Registered as a freshman after 7/31/79; freshman or sophomore after 7/31/80; etc.  Full-time, undergraduate  Not enrolled in a program of study leading to a degree in theology or divinity  Making satisfactory academic progress  Annual Award Amount – no more than $1,000 8

31 Eligible Institutions  Independent  Non-profit  Located in and chartered by the state  Accredited by the regional Southern Association of Colleges and Schools (SACS)  Grant baccalaureate degrees  Have a secular purpose Student Eligibility  Undergraduate  Resident  Full-time  Degree Seeking  Not enrolled in a program of study leading to a degree in theology or divinity  2.0 GPA to renew each year  Annual Award $2,425 9

Name Consensus Student Count Name Consensus Student Count Ave Maria University** ( )152Hodges University1,709 Barry University2,539Jacksonville University1,285 Beacon College** ( )35Lynn University308 Bethune-Cookman University1,870Nova Southeastern University3,174 Clearwater Christian College*229Palm Beach Atlantic University1,248 Eckerd College706Ringling College of Art & Design496 Edward Waters College475Rollins College1,189 Embry-Riddle Aeronautical University797Saint Leo University2,853 Everglades University** ( )336Southeastern University1,123 Florida College *133St. Thomas University716 Florida Hospital College of Health Sciences485Stetson University1,374 Florida Institute of Technology1,030University of Miami3,629 Florida Memorial University949University of Tampa1,490 Florida Southern College1,179Warner University *695 Flagler College1,892Webber International University397 *Institution Grandfathered in 1989 **Institution later joined after program inception date 10

Academic Year Appropriation Maximum Award Amount Maximum FTE Student Count $2,400,000$7503, $4,100,000$7505, $729,000$ $9,500,000$71713, $10,100,000$75013, $11,900,000$77815, $13,323,984$85215, $15,989,392$1,00015, $15,975,700$1,10014, $16,672,650$1,12214, $16,672,650$1,11015, $18,839,300$1,10017, $18,215,531$99018, $16,564,373$92417, $18,539,373$1,09017, $19,872,443$1,09018,232 11

 Take off the in the first chart Academic Year Appropriation Maximum Award Amount Maximum FTE Student Count $19,852,200$1,20016, $28,852,200$1,800 (1)16, $28,852,200$1,800 (1)16, $40,852,200$1,80022, $48,232,944$2,07423, $70,830,388$2,813 (1)25, $70,830,388$2,68626, $79,841,350$2,68629, $79,841,350$2,25135, $79,841,350$2,36933, $93,990,150$2,85032, $102,603,148$3,00034, (2)$99,193,000$3,00033, (2)$92,542,395$2,83732, $84,171,709$2,529 (1)33, $83,856,500$2,42534,580 (1) Maximum award prorated to accommodate all eligible students (2) Appropriation reflects budget reduction 12

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Levis Hughes, Chief of Student Financial Assistance, Loan Programs, Scholarship and Grant Programs (850) Theresa Antworth, Director, State Scholarship and Grant Programs (850) Annual Report to the Commissioner can be found at Florida Department of Education Office of Student Financial Assistance 325 West Gaines Street, Suite 1314 Tallahassee, FL