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

2.  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 2011-12 2

3. 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

4.  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

5.  1979 as a State Tuition Voucher Program (s. 240.401 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

6.  1982 - Required students be degree seeking and enrolled in Associate or Baccalaureate programs  1983 - Amended residency requirements  1983 - Recommended increased voucher amount if ratio between tuition and General Revenue at public institutions decreased for 3 years  1989 - Required institutions be accredited by SACS  1989 - Intent of tuition assistance vs financial aid  1989 - Advanced payments to institutions requiring subsequent reporting of expenditures 6

7.  1991 - Aligned maximum award to 40% of the full cost to the state for FTE’s at public institutions  1994 - Removed minimum award amount  1994 - Renamed from State Tuition Voucher to William L. Boyd, IV, Florida Resident Access Grant  2005 - Amended award amount to be set in GAA annually 7

8. 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

9. 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

10. Name 2010-11 Consensus Student Count Name 2010-11 Consensus Student Count Ave Maria University** (2010-11)152Hodges University1,709 Barry University2,539Jacksonville University1,285 Beacon College** (2003-04)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** (2010-11)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

11. Academic Year Appropriation Maximum Award Amount Maximum FTE Student Count 1979-80$2,400,000$7503,200 1980-81$4,100,000$7505,467 1981-82$729,000$750972 1982-83$9,500,000$71713,250 1983-84$10,100,000$75013,467 1984-85$11,900,000$77815,296 1985-86$13,323,984$85215,638 1986-87$15,989,392$1,00015,989 1987-88$15,975,700$1,10014,523 1988-89$16,672,650$1,12214,860 1989-90$16,672,650$1,11015,020 1990-91$18,839,300$1,10017,127 1991-92$18,215,531$99018,400 1992-93$16,564,373$92417,927 1993-94$18,539,373$1,09017,009 1994-95$19,872,443$1,09018,232 11

12.  Take off the 89-1011 in the first chart Academic Year Appropriation Maximum Award Amount Maximum FTE Student Count 1995-96$19,852,200$1,20016,544 1996-97$28,852,200$1,800 (1)16,029 1997-98$28,852,200$1,800 (1)16,029 1998-99$40,852,200$1,80022,696 1999-00$48,232,944$2,07423,256 2000-01$70,830,388$2,813 (1)25,180 2001-02$70,830,388$2,68626,370 2002-03$79,841,350$2,68629,725 2003-04$79,841,350$2,25135,469 2004-05$79,841,350$2,36933,703 2005-06$93,990,150$2,85032,979 2006-07$102,603,148$3,00034,201 2007-08 (2)$99,193,000$3,00033,064 2008-09 (2)$92,542,395$2,83732,620 2009-10$84,171,709$2,529 (1)33,521 2010-11$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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15. Levis Hughes, Chief of Student Financial Assistance, Loan Programs, Scholarship and Grant Programs Levis.Hughes@fldoe.org (850) 410-6810Levis.Hughes@fldoe.org Theresa Antworth, Director, State Scholarship and Grant Programs Theresa.Antworth@fldoe.org (850) 410-5185Theresa.Antworth@fldoe.org Annual Report to the Commissioner can be found at http://www.FloridaStudentFinancialAid.org/SSFAD/pdf/annualreport07-08.pdf Florida Department of Education Office of Student Financial Assistance 325 West Gaines Street, Suite 1314 Tallahassee, FL 32399-0400 1-888-827-2004 15