Monthly Memo

March/April 2013

In This Issue

Final Voucher for 1213 — May 17, 2013

Refunds Are Due NOW

Please be sure to get your refunds processed immediately! An updated refund template is now available at www.heab.wi.gov under Information for Financial Aid Administrators. Please note that refund information goes to: HEABmail [at] wisconsin.gov.

Covenant Grant Program Update

Just a reminder to review your notification lists to make sure that you have requested the covenant and foundation funds.

We will be providing an excel spreadsheet to each school around the middle of May to verify satisfactory academic progress for all of the covenant students. The spreadsheet will be similar to the file that we provide for Academic Excellence, but it will only have a yes or no response for SAP. There will be more information coming next month about the process.

Board Adopts 13-14 Formulas

At its meeting on Friday, February 15th, the Higher Educational Aids Board adopted the following formulas for 2013-2014:

  • WHEG – TRIBAL

    No change to current formula.
    ($6,560 — EFC) x 27.44% = Award
    Maximum Award: $1,800
    Minimum Award: $250

  • WHEG – WTC

    ($9,270 — EFC) x 11.70% = Award
    Maximum Award: $1,084
    Minimum Award: $500

  • WHEG – UW

    ($5,960 — EFC) x 39% = Award
    Maximum Award: $2,324
    Minimum Award: $764

  • Tuition Grant

    Maximum award: $2,900
    Minimum award: $1,000
    Inflation Factors: Dependent – 340%, Independent – 740%
    UW-Madison Tuition: $10,385
    Base Maintenance: $9,500

The formulas are based on appropriation recommendations of Governor Walker and are subject to change if the approved budget so requires.

1213 and 1314 Notification List — Both Lists to be Distributed Weekly

We anticipate the first 1314 Notification List will be distributed the week of April 8th. We will continue to run the 1213 list for distribution on Wednesdays, and will distribute the 1314 list on Thursdays. This will continue until the final 1213 list is distributed.

Notification List 1213

Distributed Wednesday afternoons:

March 6, 13, 20, 27

April 3, 10, 17, 24

May 1, 8, 15, 22, 29

Notification List 1314

Distributed Thursday afternoons:

April 11, 18, 25

May 2, 9, 16, 23, 30

AES List

Distributed Thursdays:

April 11

Voucher Processing

Tuesdays and Fridays for files uploaded by noon.:

March 5, 8, 12, 15, 19, 22, 26, 29

April 2, 5, 9, 12, 16, 19, 23, 26, 30

May 3, 7, 10, 14, 17, 21, 24, 31

Grants Updates – Committed and Spent as of 3/19/13

TG (W codes 04/25/2012) Current This Time Last Year
Committed 141.07% 137.88%
Spent 89.05% 88.84%
WHEG-TRIBAL (W codes 06/15/2012) Current This Time Last Year
Committed 188.90% 133.66%
Spent 77.60% 75.42%
WHEG-UW Current This Time Last Year
Committed 159.03% 155.50%
Spent 98.37% 99.26%
WHEG-WTC (W codes 4/21/12,
Z codes 5/16/12)
Current This Time Last Year
Committed 157.05% 159.03%
Spent 89.81% 92.32%

Upcoming Events

Scheduled HEAB Board Meeting(s): April 19, 2013 (if needed); August 2, 2013

WASFAA Spring Conference: April 17-19, 2013 at Chula Vista Resort, Wisconsin Dells

Scheduled HEAB Training Date: May 16, 2013

Please contact John Reinemann by phone at (608) 264-6181 or by email at john.reinemann [at] wisconsin.gov if you have any questions, concerns or comments. Thank you!



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