1. FINANCIAL AID ESTIMATORS AND THE PROVISIONS OF THE HEOA SWASFAA CONFERENCE THE UNIVERSITY OF TEXAS SYSTEM MATT OREM, DIRECTOR, COLLEGE ACCESS DECEMBER 10, 2009 MATT OREM MATT.OREM@THECB.STATE.TX.US HEOA Net Cost/Price Calculators

2. Call for Early Estimates of Financial Aid 2003 - UT System: TexasCollegeMoney.org APLU :Voluntary System of Accountability VoluntarySystem.org, College Cost Calculator National: Higher Education Opportunity Act of 2008 Net Price Calculator – All public, private colleges and universities. Texas: SB 1764 (81 st Session); Watson Texas Financial aid Estimator, Public Institutions & Participating Private http://http://collegeforalltexans.com/apps/CollegeMoney

3. Texas College Aid Estimator Principles User Centered No jargon Bottom-Line net costs Limited number of questions Data provided by a Financial Aid Office rather than IR. Increase FAFSA participation

4. Applications in the FAE Estimator Application (English and Spanish) End User application Need-Based Aid Analysis for In-State Dependent or Independent Students Server Application EFC Algorithm based on Current Methodology. Database of Budgets and Awards Tables provided by Institutions. Administrator Application Institutional (log-in required) Data Entry Application

5. TexasCollegeMoney.org Demo

6. Texas Statewide Application http://collegeforalltexans.com/ap ps/CollegeMoney http://collegeforalltexans.com/ap ps/CollegeMoney/admin

7. What is Required by the HEOA CONSIDERATIONS Formula written in HEOA and operationalized by technical review panels (TRP) for several different indicators – likely this will not change. The denominator may include only those students who filled out a FAFSA

8. Minimum Student Inputs

9. Minimum Outputs

10. Calculation Outputs

11. Institutional Inputs: Budget Table

12. Inputs: Awards Table

13. Coming Attractions

15. Problems with the DOE Calculator Combining Continuous and Range VariablesCalculated Median Awards vs. Estimated Range AwardsWide income and EFC ranges may provide a less accurate estimateStudents are asked for dependency status, but there is no difference in awards No option to use generalized merit-aid criteria to estimate institutional or state merit aid Work-study and loans are not part of the aid package

16. VSA and Texas Aid Estimator Goals Meet HEOA and State guidelines by January2010 Where? Entry page, Output, Printout, other? Academic programs for which calculator’s net price estimates are not relevant (e.g., special pricing) Groups of students for which net price estimate is not relevant (e.g., graduate students, part-time students) Include institutional caveats box Option to include estimates for groups other than FTFT students? Transfer students? Part-time students? Suggestions?

17. Notice to VSA and Texas Colleges Members of the Voluntary System of Accountability or any Texas Institution of Higher Education will receive a version of the required Net Price Calculator that will meet the requirements of the HEOA. What if you are not in these group?

18. Questions and Comments Matt Orem, 512-499-4266 morem@utsystem.edu http://nces.ed.gov/ipeds/news_room/ana_netprice_1 029.asp