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The Monthly Memo
August, 2006

IN THIS ISSUE

NEW TIP REFUND PROCESS
As part of the federal Higher Education Reconciliation Act of 2005, the federal LEAP and SLEAP programs have been removed from the federal Return of Title IV Funds (R2T4) requirements, as of July 1, 2006. The TIP Grant is partially funded by the federal LEAP/SLEAP programs, so if LEAP/SLEAP is no longer required to be included in R2T4, then TIP no longer has to be included in R2T4. You should use the same procedure to return TIP funds to HEAB as you do to return your WHEG/WTG or any other state funds.

NOTIFICATION LIST
Distributed Wednesday afternoon:   August 2, 9, 16, 23 and 30

VOUCHER PROCESSING
Tuesday and Friday: August 8, 2006
August 11, 2006
August 15, 2006
August 18, 2006
August 22, 2006
August 25, 2006
August 29, 2006
*** Please remember that we are vouchering whole dollar amounts - round down the first semester, up the second. (Please contact me (Connie) if you have any questions about this.)

AES NOTIFICATION LIST PROCESSING
First 0607 list: Friday, August 4
Wednesday's: August 16, 2006 August 30, 2006
Please check our Webpage for Notification List and Voucher Processing Schedules.
http://www.heab.wi.gov/finaid.html

UPDATES - COMMITTED AND SPENT
Current This Time
Last Year
TUITION GRANT**
Committed
 
96.49%
 
108.85%
WHEG-UW
Committed
Spent
 
111.48%
9.37%
 
108.80%
(early voucher)
WHEG-WTC
Committed
 
129.37%
 
125.87%
WHEG-TRIBAL
Committed
 
107.90%
 
123.00%
TIP GRANT
Committed
 
95.78%
 
87.51%
** Tuition Grant - deadline for corrections is NOON for Friday September 8th, 2006. All corrections, additions, residency determinations, changes in EFC, household size, year in school, and professional judgments must be sent to HEAB. The only future adjustment allowed will be those lowering commitment for tuition grant.

UPCOMING EVENTS

Scheduled HEAB Board Meeting: August 29, 2006

Next HEAB Training Date: September 21, 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 john.whitt@heab.state.wi.us.

 

Please contact me by phone at (608) 264-6181 or by email at connie.hutchison@heab.state.wi.us if you have suggestions, questions or concerns. THANKS!

Connie Hutchison
Executive Secretary

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