KASFAA Newsletter

Transcription

KASFAA Newsletter
K A S FA A
NEWSL E T T E R
Summer 2008
Vo l u m e 1 5 N u m b e r 1 3
Upcoming
Events
2008
N A S FA A
Annual Conference
Orlando, FL
July 6 -9
K A S FA A
Fall Conference
Holiday Inn,
Hurstbourne Park way
Louisville
O c t o b e r 8 -1 0
2009
S A S FA A
Annual Conference
Sheraton Convention
C e n t e r,
Myrtle Beach, SC
F e b r u a r y 8 -11
K A S FA A
Spring Conference
Holiday Inn,
Cincinnati Airport
E r l a n g e r, K Y
KASFAA
A MESSAGE
FROM OUR PRESIDENT
The Spring Conference went off without a
hitch in April. Chester and Angie, along with the
entire program committee, did an outstanding
job carrying out the conference. Thanks to all
of you for your hard work. All of the sessions
were very well attended, the magician was very
entertaining and what can you say about the
Cornhole Tournament? That turned out to be a
great event, especially since the winning team
was Jason Tretter of KHEAA/The Student Loan
People and me! Aaron and others that served as
tournament officials did an outstanding job.
Well, we have seen some major changes
come about this year in the financial aid industry; however, it appears
that we will be able to balance our books this year and KASFAA
continues to be a very strong organization. One of my goals was to make
sure that KASFAA remained in solid fiscal shape and that has been done
thanks to so many board members and committee chairs being creative
and cost-conscious with all of the programs that the association has
provided throughout the year. Thanks to all of you! In future years, we
need to continue to focus on the primary purpose of KASFAA and that is
to provide outstanding training events along with promoting the many
financial aid programs to Kentuckians across the Commonwealth.
I can’t believe that my year as President is coming to an end.
This year has flown by; however, let me again thank all of you for the
opportunity to serve KASFAA as President. It has been an honor and
privilege to work with so many of you. A special thanks to the executive
board and committee chairs. You have been great to work with this
year and I appreciate all of your time and energy that you have devoted
to KASFAA. Our association is in great hands as Jennifer Cosens leads
us in 2008-09. As always, if I can be of any assistance, please call me at
859-985-3313.
— Bryan Erslan
1
Summer 2008
Editorial Note
We encourage letters to the editor, original articles, photographs, announcements and reports. Items of interest
are gladly accepted and can be given to any member of the Newsletter Committee. Contact the editor for questions,
rates and insertion dates. The KASFAA Newsletter is published three times a year.
Editor
April Kendrick Tretter
1805 Woodfield Rd.
Louisville, KY 40220
April.Kendrick@gmail.com
KASFAA
2
Summer 2008
Consolidation
&B?KCPGA?L4RWJC
*n keeping with our school-centric philosophy, Edamerica supports
the financial aid community in your efforts to educate students about
consolidation. We commend your desire to do what’s best for your
students. Edamerica has provided student loan consolidation products
since 1990. If consolidation is the right choice for borrowers, Edamerica
has the right benefits. We offer debt management counseling, life-of-loan
servicing and combined billing.
Edamerican consolidation means
0LCJM?L
MLCJCLBCP
MLCJMUKMLRFJWN?WKCLR
No fees. Combined billing. 1.25% interest rate reduction*.
*1% interest rate reduction after 24 consecutive payments, and 0.25% reduction for using auto-debit.
800.337.1009
w w w. e d a m e r i c a . n e t
KASFAA
3
Summer 2008
K
News
NEW
from around
Kentucky
Movers and Shakers
Kathy Hodges retires from Elizabethtown Community and Technical College.
Michael Barlow is the new Financial Aid Director at Elizabethtown Community and Technical College.
Ron McMakin retires from National City
Up c o m i n g
E ve n t s
A MESSAGE
D
e
De
Dear KASFAA Friends,
When it was time for me to pass the Gavel to Heather after my term as President,
T
most thought it would never happen, that I would just keep it and remain as President
alon
for Life….Well that didn’t happen and the transition took place for a new beginning….
plan
2 0 0 a4new chapter
well new beginnings happen all the time and with that said….I’m starting
I
in my life….Retirement……I plan on leaving National City at the end of the month…..
Winn
NASFAA Conference
March 31st will be my last day…. This was not an easy decision as I truly love my job
you
h
M i n n e a p o l i s, M N
and working with the best Schools and Students in Kentucky, but after nearly 40 years
speak
Ju ly 1 8 - 2 1
on the job, I want to spend more time with my family and friends……Thank you for all
had a
of your support over the years as your Lender and as your KASFAA Past President……I
about
KASFAA Fa l l
will tell you that the latter will always be a high point in my professional life…..The next
Rhond
Conference
few years will be a Challenge for our Profession but I know we can
work
In fact theParents,
whole and
conference
O wmake
e n sitb o
r o for our Institutions,
KASFAA
president
and not fee
Students….I wish everyone success and until we see each other
again
may
God
hold
you
in
the
palm
of
his
hand
October 20-22
Congratulations
to our new
and keep you safe and happy…..Thank you again for the most wonderful memories anyone could
ever have
Pendergrast,
Lissa
Caldwell,
Ro
—
Ron
McMakin
2005
congratulate Sandy Neel on b
everyone that our own April K
SASFAA Conference
editor. Way to go, Sandy and A
Atlanta, GA
executive board meeting in B
February 13-16
this has been representing KA
Most people thought Heath
C o l l e g e G o a l S u n d ay
…as part of its 2008-2009 team. Go to
would keep it forever, but, like
Statewide
www.kasfaa.com/about_committees.html
pass it along. I know she will
February 20
to volunteer to be a member of a KASFAA
continue to grow under her le
committee.
thank everyone for this past y
K A S FA A S p r i n g
Look for the “Go for the Goal!” logo and
This has been an experienc
Conference
help KASFAA score a Hat Trick (that 3 goals,
the
KASFAA Executive Board,
Louisville
in soccer lingo).
worked hard in 2003-2004 to
What do soccer and KASFAA have in common, you ask? A p r i l 2 0 - 2 2
to be Past President, I look for
NASFAA Conference
wonderful organization.
TEAM WORK – A volunteer organization like KASFAA hasNto
ewhave
Yo rgreat
k , Nteamwork.
Y
GOALS – We need these to help keep us moving forward. J u ly 3 - 6
KASFAA Needs YOU!
KASFAA
POSITIONS – We have lots of positions to fill with wonderful
members like you!
1
Please volunteer to help fill these positions today!
KASFAA
4
Summer 2008
KASFAA
5
Summer 2008
KASFAA Spring Conference
KASFAA
6
Summer 2008
KASFAA
7
Summer 2008
at
your
at your
serviceservice
at your service
at your service
at your service
w w w.slxpress.com
From Regional, School
and Borrower support,
Student Loan Xpress® is at your service.
We offer a level of customized service that is right in line with what you
should Xpect from the best.
Give us a call today at 1.866.759.7737 and we’ll show you what we mean.
At Your Service
Your KASFAA Student Loan Xpert
Regional VP
Kelly Beals
866.511.3929
kelly.beals@slxpress.com
Student Loan Xpress is a FFELP lender utilizing Fifth Third Bank as its eligible lender trustee. Student Loan Xpress, logo and Xpect More are registered service marks of Student Loan Xpress, Inc.
CIT is a registered service mark of CIT Group Inc. Student Loan Xpress is a member company of CIT Group Inc. (NYSE: CIT). © 2007 Student Loan Xpress, Inc. All Rights Reserved.
At Fifth Third, we recognize how
hard you work to help your students
and families move forward with their
We’re moving ahead
with you.
education, and we’re moving ahead
with you.
To learn more, contact your
Fifth Third Education Lending
Account Executive, Marion Shute at
Marion.Shute@53EducationLending.com.
Fifth Third and Fifth Third Bank are
registered service marks of Fifth Third Bancorp.
Member FDIC.
KASFAA
8
Summer 2008
We’ll bend over backward to help.
Turn to us.
From state grants and KEES to Stafford and PLUS loans,
we handle them all. Anytime you have questions or need
technical assistance, give us a call. That’s what we’re here for.
Call 800.928.8926 or visit kheaa.com.
KENTUCKY
2008
Thanks to the College Goal
Sunday committee, all the
site coordinators, presenters
and volunteers who made our
workshops so successful!
2008 statewide CGS Numbers
Frankfort hosts CGS
Number of students present
765
FRANKFORT — A nontraditional student won
the $500 scholarship given away through a random
drawing for participants at the College Goal Sunday
session at the KHEAA office on January 27.
Lori Prewitt, a stay-at-home mom with three kids,
will enroll at Eastern Kentucky University in the fall
to pursue a second bachelor’s degree.
“I’m ecstatic,” said Prewitt, who calls herself the
CEO of the Prewitt household.“This will come in
very handy driving that two-hour commute.”
Between 115 and 130 people attended the
Frankfort session that provides free help with filling
out the FAFSA.Thirteen financial aid professionals
were on hand.
“This was the first year that people took
advantage of having help putting the information
into the computer,” site coordinator Ken Rollins said.
“Next year we hope to double the amount of
computers.”
KHEAA staff were joined by Laura Keown of
Centre College, Adrian Parrish of Kentucky State
University and Wendi Dailey of Sallie Mae also
helped.
KASFAA
Number of students + parents +
family members
1,986
Number of KASFAA volunteers
189
$500 Scholarships awarded
20
10
Summer 2008
Lifetime Achievement Awards
Feel like you’ve been working at your desk so long that your chair has
submitted a vacation request? Nelnet offers a range of products and
services designed to make your office more efficient so that you can better
serve your students. We customize solutions to meet your needs, empowering
you to reach your goals. TO SEE HOW WE CAN HELP, CALL 1.800.268.7256
OR VISIT CAMPUSSOLUTIONS.NET.
©2007 Nelnet, Inc. All rights reserved. Nelnet is a registered service mark of Nelnet, Inc.
Federal Loans
Private Loans
Life of Loan Servicing
Scholarships
Actively Managed Payment Plans
Scholarship, Work Study & Form Automation Software
Loan Processing Systems
Kathy Hodges
We’ll help your students
do the right thing.
The best way to fund a college education is to take
advantage of as much free money – scholarships and grants
– as possible and then use low-cost Federal Stafford Loans.
Expect more value with a Stafford Loan from Regions Bank®.
Money-saving borrower benefits on Stafford Loans
When you get a Stafford Loan from Regions Bank you can take advantage of the
following benefits:
• ZERO origination fees
• A 7% loan credit after the first 36 on-time payments*
• Upromise Loan LinkSM
Call 1-800-858-7822 or visit regions.com for more information.
Kitty Hall
KASFAA
The amount of Federal Stafford Loan funds you will receive is established by your school based on criteria defined by the
federal government.
* Terms and conditions apply. To qualify for the 7% loan credit, the borrower must sign up on Manage Your LoansSM, prior to
entering repayment, to receive account information by e-mail and make the first 36 payments by the due dates as initially
scheduled. Loan credit borrower benefit is based on the original principal loan amount (less cancellations, refunds and
returns). Borrower benefits are effective for loans owned and serviced by Sallie Mae and first disbursed 7/1/07-6/30/08.
Regions Bank is a Member FDIC. Upromise and Upromise Loan Link are service marks or registered service marks
of Upromise, Inc. Sallie Mae is a registered service mark and Manage Your Loans is a service mark of Sallie Mae,Inc.
11SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies
Summer
of the2008
United States of
America. ©2007 by Sallie Mae, Inc. All Rights Reserved. 8/07. REG-006
KASFAA
12
Summer 2008
College Goal Sunday winners announced
Ashland
Hallie Cook
Barbourville
Kayla N. Brock
Bowling Green
Sam Kendrick
South Oldham
Samantha Farmer
Thomas More
Zachary C. Mullen
KENTUCKY
2008
Campbellsville
Stephen B. McDaniel
Elizabethtown
Adnan M. Hamdan
Frankfort Lori R. Prewitt
Hazard
Tommy A. Donaldson
Hopkinsville
Kendra R. Farmer
Lexington
LeAndra K. Longoria
Louisville - JCTC
Maricela Guerra
Louisville - Male
DiannaHope
Madisonville
Benjamin Noel
Morehead
Ethan D. Fryman
Owensboro
Hannah L. Greer
Paducah
Justin D. Young
Prestonsburg
Nathan Ross
Richmond
William K. Dawson
Somerset
Nakeisha S.Wilson
KASFAA
13
Summer 2008
Update
May 2008
Student Aid Legislation
Three student aid-related bills passed during the 2008 session of the Kentucky General Assembly.
Senate Bill 2 provides a new KEES supplemental award for students who are eligible for the free and
reduced-price lunch program and who make qualifying scores on Advanced Placement (AP) or International
Baccalaureate (IB) exams. Beginning with the 2008-2009 academic year, eligible students who make a 3 or 5,
respectively, on AP or IB exams will receive a $200 supplemental award.A 4 (AP) or 6 (IB) score is awarded
$250, and a 5 (AP) or 7 (IB) score is awarded $300.There is no limit to the number of supplemental awards a
student can receive.
Senate Bill 75 changes the KEES renewal award eligibility for college students at completion of
their sophomore year. Currently, students must have a 3.0 grade point average (GPA) at the end of their
sophomore year to retain their full KEES award. Students who first enroll in 2009-2010 or later, have
between a 2.5 and 3.0 GPA at the end of their sophomore year, and are considered “on-track to graduate”
at their institution will retain their full KEES award.“On-track to graduate” is defined in the legislation as
hours earned compared to the number of hours needed to complete a bachelor’s degree by the end of eight
academic terms (or 10 terms for a program that requires five years of study). Institutions are required to
report students’“on-track to graduate” status as part of their KEES reporting beginning with the 2010-2011
academic year.
House Bill 694 changes the accreditation requirements for institutions that participate in the Kentucky
Tuition Grant (KTG) program. Beginning with the 2011-2012 academic year, KTG-participating institutions
must be either accredited by the Southern Association of Colleges and Schools (SACS) or approved
through a new certification process that will be administered by the Kentucky Council on Postsecondary
Education. Students attending an institution prior to 2011-2012 that does not meet the new criteria will be
grandfathered in to receive KTG through the 2013-2014 academic year.
Student Aid Update
At the end of the third quarter, KHEAA had disbursed over $187.2 million (or 96%) of a $195.5 million
appropriation in 11 student financial aid programs. KEES, CAP, and KTG represent 91% of the funds
disbursed.
The process of awarding state grants for the 2008-2009 year began April 17. Funds for CAP were
exhausted April 24.At the end of April, 84% of KTG over-award amounts had been awarded. It is anticipated
funds for the KTG program will last until July.
The 2008-2009 Robert C. Byrd Honors Scholarship recipients have been selected from high school
applicants.This federally-funded program provides scholarships to academically talented high school seniors
and GED graduates who show promise of continued excellence in postsecondary education. From the
1,477 applications received by KHEAA this year, 84 high school seniors were selected with 19 of them
being first-generation college students. Six additional scholarships will be awarded to GED graduates in July.
Student Loan Guarantees
At the end of the third quarter, KHEAA had guaranteed $1.02 billion in Stafford, PLUS, and Consolidation
Loans.
KASFAA
14
Summer 2008
Kentucky Education Savings Plan Trust
KESPT account owners can now rebalance their investments online. KESPT’s website, www.kysaves.
com, was the first TIAA-CREF state site to receive the enhancement. If account owners want to transfer
funds from one investment option to another, they can now make that change online in addition to calling
the service center.
Transcript Exchange System
KHEAA and The Student Loan People are pleased to announce the implementation of the Transcript
Exchange System through the GoHigherKY.org website. From the GoHigherKY.org website, high school
counselors and college administrators can electronically send and receive transcripts for one or many
students at a time; and students can request their high school transcript be sent to Kentucky colleges and
universities. Colleges that are currently participating include Bellarmine University, Big Sandy Community
and Technical College, Brescia University, Gateway Community and Technical College, Jefferson Community
and Technical College, Kentucky State University, Midway College, Northern Kentucky University,Thomas
More College, University of Kentucky, University of Louisville, and the University of the Cumberlands. Over
20 high schools are participating at this time.
School Training Videos
New school training videos continue to be added to KHEAA’s website. Recent additions include:
Financial Aid 101
Completing the FAFSA
R2T4
Freeing Yourself from the Emotional Traps at Work
NSLDS:Aggregate Reporting
A video titled “What a Mess! The Hidden Benefits of Disorder” will be available in June.
New Outreach Counselor
Summer Gortney is the new outreach counselor for the West Central Kentucky region,
which includes Allen, Barren, Bullitt, Clinton, Cumberland, Edmonson, Green, Hardin,
LaRue, Meade, Metcalfe, Monroe, Nelson, and Spencer counties. She was most recently the
outreach services assistance and has been with KHEAA and The Student Loan People for
three years.
Gortney
KASFAA
15
Summer 2008
Everyone should have the chance to
grow into a dream.
Buchholz
Maidlow
Dolan
As a financial aid advisor, you’re dedicated to helping students go
farther in life. To learn how we can help students both plan and pay for
college and how Upromise® can help, visit SallieMae.com/schools.
Sallie Mae and Sallie Mae Education Trust are registered service marks and Champions for Higher Education is a service
mark of Sallie Mae, Inc. Student Loan Funding is a service mark of Student Loan Funding Resources, LLC. Upromise and
the Upromise logo are registered service marks of Upromise, Inc. SLM Corporation and its subsidiaries are not sponsored
by or agencies of the Unites States of America. Sallie Mae, Inc. is a wholly owned subsidiary of SLM Corporation. © 2007
Sallie Mae, Inc. All rights reserved. JP_290 8/07
290_Astronaut Ad for Kentucky KA1 1
8/17/2007 12:00:31 PM
2007–2008 KASFAA Executive Board
Board of Directors
President
Bryan Erslan, Berea College
President Elect
Jennifer Cosens, KHEAA
Past President
Runan Pendergrast, Bluegrass Community and Technical College
Vice President of Training
Cindy Burnette,Western Kentucky University Secretary
Karyn Yates, Eastern Kentucky University
Treasurer
Andrea Spry,Transylvania University
Public Four Year
Penny Asalon, Northern Kentucky University Lender Representative
Michael Morgan, EdAmerica Agency Representative
Jennifer Long Eastman, KHEAA
Proprietary Representative
Laura Jones, Sullivan University
Private Representative
Katie Conrad, Midway College
Two–Year Public
Victoria Owens, Jefferson Community and Technical College
Committee Chairs
Archivist/Historian
Laura Keown, Centre College
Articles and Bylaws
Karyn Yates, Eastern Kentucky University Awards
Chris Tolsen, Campbellsville University
Budget/Finance
Charles Vinson, Murray State University
College Goal Sunday
Aaron Gabehart, Campbellsville University
Lisa Schrenger, Jefferson Community and Technical College
Diversity Concerns
Gina Kuzuoka, Spalding University
High School Counselor Training
Rhonda Bryant, University of Kentucky
Lissa Caldwell, KHEAA and The Student Loan People
Legislative Issues
Dave Cecil,Transylvania University
Long Range Planning
Anthony Bowles, AmSouth Bank
Membership/Partnership Program
Theresa Hulsey, PNC Bank
NASFAA Training
KASFAA
Steve Allen, University of the Cumberlands
Newsletter
April Kendrick Tretter,
Nominations
Runan Pendergrast, Bluegrass Community and Technical College
Professional Development Scholarship
Cindy Burnette, Western Kentucky University
Program (Fall)
Shelley Park, Eastern Kentucky University
Margie Childress, Somerset Community College
Program (Spring)
Chester Priest, KHEAA
Angie Black, University of Louisville
Public Relations
Rick Wilson, Bowling Green Community and Technical College
Support Staff Workshop
Chuck Anderson, Hazard Community and Technical College
Vendor/Sponsor
Marion Shute, Fifth Third Bank
Website Technology
Jason Tretter,The Student Loan People
17
Summer 2008
©2007 Great Lakes Higher Education Corporation and Affiliates
Helping you do what you do best:
help students succeed.
We get it. Our easy-to-use suite of online products, backed up by personal
service and support, minimizes complexity so you have more time to spend with
your students. Learn about our industry-leading initiatives, default prevention
efforts and more by calling 866-464-7855 or visiting mygreatlakes.org.
AD-018 USA Funds KY B&W AD
12/3/07
2:50 PM
Page 1
William Province
Medical Student
Indiana University School of Medicine
“USA Funds is helping me
pursue my dream.”
It’s one of my goals in medicine to offer free
health-care services to Hispanic residents in the
Indianapolis area who need them. To help me
accomplish that goal, I wanted to take advantage
of a special MBA program for medical students.
When the letter arrived telling me I qualified for
USA Funds® Access to Education scholarship, it
was the answer to my prayers. The scholarship is
helping to relieve some of the financial burden of the
MBA program and allowing me to pursue my dream.
To learn more about how USA Funds helps students pursue their
dreams, call Lisa Stephens toll-free (866) 497-USAF, Ext. 8778, or
visit www.usafunds.org.
April Kendrick Tretter
KASFAA Newsletter Editor
1805 Woodfield Road
Louisville, KY 40220
KASFAA
20
Summer 2008