1. Michigan Department of Treasury Student Financial Services Bureau

2. 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)

3. 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

4. 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 tuition rate

5. 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
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

6. Michigan Nursing Scholarship
After further examination of the MNS funds, SSG cannot provide scholarships in Academic Year

7. 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

8. 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

9. 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

10. 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 at the time of application

11. 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

12. MI Talent Pledge Scholarship – Cont.
Students must complete an application – No deadline date for Academic Year
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

13. 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

14. Social Media @mistudentaid

15. Michigan Department of Treasury
Student Financial Services Bureau

16. Q and A