Financial Aid Services Bulletin 2011 - 004

2011-12 New York State Executive Budget Overview New York State Higher Education Services Corporation (HESC)

On Tuesday, February 1, Governor Cuomo released his 2011-12 Executive Budget, which contains the following recommendations for HESC-administered programs:

• Continues the maximum TAP award for students matriculated in certain two-year degree programs at up to $4,000.
• Continues the requirement that private pension and annuity income be included in the calculation of income for purposes of determining TAP eligibility.
• Continues to require that students in default on any State or federal loan be ineligible for a State grant or loan.
• Continues the maximum TAP award reduction for independent students who have a spouse and no children at $3,025, consistent with awards provided to single adults with no children.
• Continues the elimination of TAP for graduate students.
• Eliminates the $75 across-the-board reduction to student TAP awards.
• Extends the statutory authorization for the Regents Physician Loan Forgiveness Program until 2015-16, and authorizes awards retroactively to 2009-10.
• Extends the statutory authorization for the New York State Licensed Social Worker Loan Forgiveness Program, the Senator Patricia K. McGee Nursing Faculty Scholarship and the Nursing Faculty Loan Forgiveness Incentive Program until 2016, and retroactively for the 2010-11 academic year.
• Continues State support of the NYHELPs college fee, and makes available up to $15 million for fixed rate loans for eligible students attending a participating college in 2011-12.
• Provides $4 million for NYHELPs administrative costs, including continued awareness campaigns to New York State students and families.
• Maintains the requirement that minimum academic standards for non-remedial students be increased for continued TAP eligibility, but modifies the standards to be more attainable for students. See proposed schedule below.

Program: Baccalaureate Semester Based Program Chart (2006 Standards) -- applies to students first receiving aid in 2007-08 through and including 2009-10 and remedial students first receiving aid in 2007-08 and thereafter.
Calendar: Semester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th	10th
A Student Must Have Accrued at Least This Many Credits	0	3	9	21	33	45	60	75	90	105
With At Least This Grade Point Average	0	1.1	1.2	1.3	2.0	2.0	2.0	2.0	2.0	2.0
Program: Baccalaureate Semester Based Program Chart (New Standards in Proposed Budget) -- applies to nonremedial students first receiving aid in 2010-11 and thereafter.
Calendar: Semester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th	10th
A Student Must Have Accrued at Least This Many Credits	0	6	15	27	39	51	66	81	96	111
With At Least This Grade Point Average	0	1.5	1.8	1.8	2.0	2.0	2.0	2.0	2.0	2.0

Program: Associate Degrees Semester Based Program Chart (2006 Standards) -- applies to students first receiving aid in 2007-08 through and including 2009-10 and remedial students first receiving aid in 2007-08 and thereafter.
Calendar: Semester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th
A Student Must Have Accrued at Least This Many Credits	0	3	9	18	30	45
With At Least This Grade Point Average	0	0.5	0.75	1.3	2.0	2.0
Program: Associate Degrees Semester Based Program Chart (New Standards in Proposed Budget) -- applies to nonremedial students first receiving aid in 2010-11 and thereafter.
Calendar: Semester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th
A Student Must Have Accrued at Least This Many Credits	0	6	15	27	39	51
With At Least This Grade Point Average	0	1.3	1.5	1.8	2.0	2.0

Program: Baccalaureate Trimester Based Program Chart (2006 Standards) -- applies to students first receiving aid in 2007-08 through and including 2009-10 and remedial students first receiving aid in 2007-08 and thereafter.
Calendar: Trimester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th	10th	11th	12th	13th	14th	15th
A Student Must Have Accrued at Least This Many Credits	0	2	4	9	17	25	33	40	50	60	70	80	90	100	110
With At Least This Grade Point Average	0	1.1	1.1	1.2	1.2	1.3	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0
Program: Baccalaureate Trimester Based Program Chart (New Standards in Proposed Budget) -- applies to nonremedial students first receiving aid in 2010-11 and thereafter
Calendar: Trimester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th	10th	11th	12th	13th	14th	15th
A Student Must Have Accrued at Least This Many Credits	0	4	8	14	22	30	38	46	56	66	76	86	96	106	116
With At Least This Grade Point Average	0	1.1	1.5	1.5	1.8	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0

Program: Associate Degrees Trimester Based Program Chart (2006 Standards) -- applies to students first receiving aid in 2007-08 through and including 2009-10 and remedial students first receiving aid in 2007-08 and thereafter.
Calendar: Trimester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th
A Student Must Have Accrued at Least This Many Credits	0	2	4	9	15	21	30	37	45
With At Least This Grade Point Average	0	0.5	0.5	0.75	0.75	1.3	2.0	2.0	2.0
Program: Associate Degrees Trimester Based Program Chart (New Standards in Proposed Budget) -- applies to nonremedial students first receiving aid in 2010-11 and thereafter.
Calendar: Trimester
Before Being Certified for This Payment	1st	2nd	3rd	4th	5th	6th	7th	8th	9th
A Student Must Have Accrued at Least This Many Credits	0	2	6	14	22	30	38	46	54
With At Least This Grade Point Average	0	1.0	1.3	1.5	1.5	1.8	2.0	2.0	2.0

These recommendations are subject to change until a final budget is negotiated by the Governor and Legislature.