The Monthly Memo
IN THIS ISSUE
06-07 FORMULAS ADOPTED BY THE BOARD Tuition Grant WHEG - Wisconsin Technical College System WHEG - Tribal Colleges WHEG - University of Wisconsin
On February 24, 2006, the Higher Educational Aids Board adopted the following formulas:
Inflation Factors: Dependent = 280% Independent = 627%
Budget for all Students: $10,444
UW Tuition for TG purposes: $ 6,280
Maximum Award: $2,900 Minimum Award: $750
($8,000 - EFC) x 12.5% = Award
Maximum Award: $1,000 Minimum Award: $325
($6,560 - EFC) x 27.44% = Award
Maximum Award: $1,800 Minimum Award: $250
($5,300 - EFC) x 50% = Award
Maximum Award (Capped): $2,600 Minimum Award: $530
[Please follow this link to the February 24, 2006 Board Report.]
WHEG - Wisconsin Technical College System
WHEG - Tribal Colleges
WHEG - University of Wisconsin
06-07 BRINGS CHANGE IN EVALUATION OF SELECTIVE SERVICE
Because HEAB regulations mirror those of the Federal Government, beginning with the 2006-2007 academic year, HEAB will begin evaluating selective service compliance during the HEAB audit process. Beginning 2006-2007, HEAB will no longer require or accept file maintenance for Selective Service.
UW REFUNDS CRITICAL
Please be sure that all refunds are processed promptly! The UW-WHEG appropriation is written in such a way that refunds received after the end of the fiscal year are returned to GPR - not carried into the next year!! Please get the money in to HEAB so the funds can be processed and sent out to other students.
AES NOTIFICATION LIST PROCESSING
The AES notification list is now distributed through the SECURE HEAB or SSL site.
Distributed after Noon in SECURE HEAB
|Every other Wednesday:||March 8, 22|
NOTIFICATION LIST PROCESSING
Please check our Webpage under Information for Financial Aid Administrators for current Notification List and Voucher Processing Schedules.
|Distributed after Noon:||March 1, 8, 15, 22, and 29|
|Tuesdays and Fridays:||March 3, 7, 10, 14, 17, 21, 24, 28, 31|
ELECTRONIC TRANSFER OF FUNDS - STILL IN TEST PHASE Here is what to expect:
HEAB is working with the Department of Administration to complete the testing of the Electronic Transfer of Funds. We have many, many routing and bank account numbers, and we have to ensure that all money is routed to the correct bank and account.
Here is what to expect:
Disbursement Files in SSL Regularly Deleted
HEAB keeps only the 6 most current disbursement files in your SSL folders.
Scheduled HEAB Board Meetings: April 21, 2006 (this meeting will only be held if the HEAB chair, Mary Jo Greene, determines it is necessary); July 21, 2006
Next HEAB Training Date: March 16, 2006
HEAB conducts one-day training programs for new and continuing financial aid administrators. The training session covers all aspects of the programs administered by HEAB, including:
The program begins at 10:00 a.m. and ends no later than 3:00 p.m. It is held at the HEAB offices at 131 W. Wilson St, Suite 902, Madison, WI. We have room for up to 6 people at each session. Please let us know if you are coming to training as materials are printed based on the number of people attending. To register for a session or for more information, please contact John Whitt at (608) 266-1665 or email him at firstname.lastname@example.org.
Questions or concerns? I truly appreciate your feedback. Please contact me by phone at (608) 264-6181 or by email at email@example.com.
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