IN THIS ISSUE

• New TIP Refund Process
• Notification list and voucher processing
• Updates: Committed and Spent
• Upcoming Events

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:

Goals of State Aid; Eligibility for State Aid; The Notification List; The Voucher Process; Return of State Funds; Submitting and Receiving Data to/from HEAB; Overviews of the Individual HEAB Programs