Understanding LEU for Pell Grants and BEOG
Learn about the Lifetime Eligibility Used (LEU) for Federal Pell Grant and Basic Educational Opportunity Grant (BEOG) funds, effective from July 1, 2012, and see how it impacts students. Explained by Karen Krause, the Executive Director of Financial Aid, Scholarships, and VA at the University of Texas at Arlington.
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About Understanding LEU for Pell Grants and BEOG
PowerPoint presentation about 'Understanding LEU for Pell Grants and BEOG'. This presentation describes the topic on Learn about the Lifetime Eligibility Used (LEU) for Federal Pell Grant and Basic Educational Opportunity Grant (BEOG) funds, effective from July 1, 2012, and see how it impacts students. Explained by Karen Krause, the Executive Director of Financial Aid, Scholarships, and VA at the University of Texas at Arlington.. The key topics included in this slideshow are LEU, Federal Pell Grant, BEOG, financial aid, scholarships,. Download this presentation absolutely free.
1. Karen Krause Executive Director, Financial Aid, Scholarships, and VA University of Texas at Arlington
2. Just what we needed another acronym! LEU Lifetime Eligibility Used
3. Effective July 1, 2012, students may receive Federal Pell Grant funds for up to 6 full time years or 600%. This includes all Federal Pell Grant or Basic Educational Opportunity Grant (BEOG) funds ever received by the student.
4. A weekly LEU report is available through COD for schools to pull LEU data for all students who have used at least 450% of the Lifetime Eligibility Usage. Report will include students who have indicated your school code on the 2012-2013 FAFSA.
5. Prior to June, 2012 No indication on ISIR record of Pell LEU Student received an e-mail from DOE informing them of the LEU
6. Beginning in June, 2012 ISIR records now contain a C flag for students with an LEU percentage of 450% or greater C flag must be cleared A message appears on the SAR and ISIR record but no specific e-mail sent to student ISIR record does not contain the percentage of LEU for the student
7. New ISIR records were sent to schools for every students who filed a 2012-2013 FAFSA prior to the beginning of June, and the updated record contains the C flag
8. Awarding 2012-2013 Federal Pell Grants to Students with LEU Students with LEU percentages of more than 500% are not eligible for a full scheduled award during 2012- 2013. The first disbursement of the scheduled award should be for the maximum amount allowed and the second disbursement for the remaining eligibility
9. Example student with a 0 EFC and an LEU of 525% attending a traditional term based school enrolled full time Total Pell eligibility for 2012-2013 - $4,162.50 Fall disbursement for full time enrollment- $2,775 Spring disbursement for enrollment of 6 hours or more - $1,387.50 NSLDS will still reflect the Scheduled Award as $5,550
10. Guidance recently issued from DOE regarding students who want to decline a current year Federal Pell Grant to receive it in the future May be done on a case by case basis at the request of the student Treat such a request like any professional judgment decision document and retain the documentation
11. FAOs may view individual student records of Federal Pell Grant LEU data in both NDSLS and in COD If the records differ, COD is the official source Students do not have access to COD Currently there is no dispute process if the student disagrees with the LEU information that DOE has on record
12. Issues for 2012-2013 ISIR record does not contain individual LEU percentages NSLDS data initially came out in April after many of us had begun packaging COD data was added in June which changed the LEU information and therefore awards for some students No warning to students ahead of this year, so students were surprised by reduced eligibility at the end of their academic careers
13. Issues for 2012-2013 Mid year changes in how information was handled no flag on the ISIR prior to June but e-mail to student; now flag and comment on ISIR but no e-mail to student Schools received updated ISIR records with C flags in June for all previously filed ISIRs Fall Pell payments create new LEU information difficult to sort out which LEU information we need to honor and which is actually reflecting our own awards
14. Issues for 2012-2013 COD and LEU figures may differ No student appeal process
15. Issues for the Future How will software vendors handle tracking of LEU b0th initial information and subsequent LEU records that include our own institutional payments Packaging institutions will need to consider what grant funds they will award to students who have little or no Federal Pell Grant eligibility left Consumer information how will we alert students early enough to affect enrollment and academic performance behavior
17. References www.ifap.ed.gov www.nasfaa.org
18. We have not succeeded in answering all of our problems. Indeed, we have not completely answered any of them. The answers we have found have only served to raise a whole new set of questions. In some ways we are as confused as ever. However, we feel we are confused on a much higher level and about much more important things.
19. Discussion and Questions Karen Krause Executive Director, Financial Aid, Scholarships, and Veterans Affairs University of Texas at Arlington email@example.com