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The Monthly Memo
March 2, 2007

BEGINNING APRIL 3, WE WILL NO LONGER ACCEPT EMAIL VOUCHERS.
All Vouchers from April 3 on must be uploaded using the secure site.

FORMULAS FOR 2007-2008 APPROVED at TODAY'S BOARD MEETING

Tuition Grant
UW TUITION FOR TG Purposes $6,730
DEPENDENT INFLATION FACTOR 3.00%       INDEPENDENT INFLATION FACTOR 6.50%
BASE MAINTENANCE $10,807
MAX AWARD $2,900       MIN AWARD $1,000

WHEG TRIBAL
($6,560 - EFC) x 27.44% = Award
Maximum Award: $1,800       Minimum Award: $250
This reflects no change from the current year's formula

WHEG - WTCS
($8,000 - EFC) x 12.5% = Award
Maximum Award: $1,000       Minimum Award: $350 (Change from current year's $325)

WHEG - UW
($5,588 - EFC) x 50% = Award
Maximum Award: $2,730       Minimum Award: $674

Part 2: If additional dollars beyond the statutory defined increases become available to hold students harmless to tuition increases, the dollars will be distributed across the calculated awards to ensure students' awards increase similar to the amount tuition increases. If there are additional dollars, but the appropriation is less than the Governor's recommendation, the UWS may request that HEAB consider approval of a revised recommendation for the additional dollars.

NOTIFICATION LIST
March 7, 21

AES NOTIFICATION LIST PROCESSING
March 7

VOUCHER PROCESSING
March: we will process vouchers every Tuesday and Friday

Please remember that BEGINNING APRIL 3, WE WILL NO LONGER ACCEPT EMAIL VOUCHERS. Vouchers must be uploaded using the secure website.

Please check our Webpage for Notification List and Voucher Processing Schedules.
http://www.heab.wi.gov/finaid.html

UPDATES
Current This Time
Last Year
TUITION GRANT
Committed
Spent
 
86.50%
84.85%
 
109.34%
87.17%
WHEG-UW
Committed
Spent
 
131.10%
99.22%
 
133.65%
99.71%
WHEG-WTC
Committed
Spent
 
167.75%
95.03%
 
170.38%
97.16%
WHEG-TRIBAL
Committed
Spent
 
80.46%
82.19%
 
108.48%
56.33%
TIP GRANT
Committed
Spent
 
125.03%
92.07%
 
124.35%
90.69%

UPCOMING DEADLINES AND EVENTS

Scheduled HEAB Board Meetings: April 20, 2007; August 10, 2007

WASFAA Spring Conference: http://wasfaa.net/events/conferences.asp
April 25 - 27, 2007 at the Radisson Hotel in La Crosse

HEAB Training Date: March 15

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 any questions, concerns or comments.
THANKS!

Connie Hutchison
Executive Secretary

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