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Stories In Focus

Reflecting On Excelsior Program

Anyone who has been a college student or who is looking to enroll in college is familiar with the “kick in the gut” feeling that comes along when figuring out how to pay for such an endeavor. In the past, students had to apply for the FAFSA (Free Application Federal Student Aid), different types of state aid such as New York’s TAP (Tuition Assistance Program), and hope that scholarships or student loans would cover the rest.

For several years, students and legislators have pushed to make these daunting bills more affordable. New York State is now one of the first states to offer accessible higher education to all students. The Excelsior Scholarship, enshrined in this year’s state budget, aims to make the dream of pursuing a college degree more accessible for state residents.

The scholarship offers to pay up to $5,500 minus any amounts from FAFSA, TAP or other scholarships toward tuition at any public New York schools, with any remaining tuition cost covered by an institutional tuition grant.

However, the Excelsior Scholarship does have several eligibility requirements. Students participating in the program must come from households within the state, with a total federal household adjusted income of less than $100,000. They must be enrolled in a minimum of 12 credits per semester and complete 30 credits a year. They must graduate in 4 years, and they must live in New York State for the number of years equal to how many years they received the award. If a student received the award for three years of college, they must live in New York for three years immediately following graduation. The Excelsior Scholarship also does not extend to any private colleges, and does not cover the cost of room and board or other student fees.

Failure to meet these requirements results in any award amount being converted into a loan that the student will need to repay.

This program, the first of its kind, has sparked conversations around the country and gained the support of many notable public figures outside the state. Vermont senator Bernie Sanders called the program “a revolutionary idea for higher education.” On the flip side, however, several groups have raised concerns over the post-graduation residency requirements, 30 credit hour minimum, and exclusion of private colleges and universities like Houghton. In an article for InsideHigherEd.com, Rick Seltzer wrote that several private institutions “have been critical of the free public tuition program or think it threatens their institutions’ futures.”

What are the long term implications of the Excelsior Scholarship? Will it truly benefit New York students? Will the program deter students from attending private institutions? Anyone connected to higher education has been asking these questions in the months since the idea was first proposed.

This year’s incoming first-year students were the first to have the option of the Excelsior scholarship on the table when deciding what institution to attend. When asked about the program, first-year student Ronnie Lott said, “My family was very close to qualifying for the Excelsior Scholarship. If we would have qualified for it, I probably would have ended up attending University of Buffalo. However, now if I was going through the process again, knowing all the information I do about the program now, it would not have impacted my decision to come to Houghton.” Lott also added that a few of his friends from high school who had opted to go to SUNY schools were now questioning whether or not they were saving money.

Another first-year student, Amy Romig, said that the Excelsior Program “Did not influence my search for colleges, because I don’t plan on living in New York when I graduate.” Several other first year students shared Lott and Roming’s sentiments about the program.

With regards to enrollment at Houghton, Rebekah Smith, Assistant Director of Admission, said, “In a lot of ways the jury is still out about it.” Adding that it is hard to quantify the number of students whose decisions were impacted by Excelsior because only a handful of  potential students listed it as a deciding factor. Smith did say there was a notable decrease in transfer students from western New York community colleges into Houghton this fall in comparison to years prior, which may reflect some of the program’s initial effects.

The Excelsior Scholarship and the buzz surrounding it have certainly added a lot of dialogue about ways to improve access to higher education. For some students throughout the state it is an opportunity of a lifetime, while for others it raises serious concerns. Everyone can agree, however, that the impact of the program may take several years to fully understand.

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Campus National News

FAFSA Changes Now In Effect

Recent changes to the Free Application For Student Aid (FAFSA) system have made the application available since October 1, 2016, instead of on the traditional January 1 release date.

Photo by: Nate Moore
Photo by: Nate Moore

Because the FAFSA is available earlier, students and parents will complete it using tax information from two years ago. This means that this year, students and parents will fill out the FAFSA using their 2015 tax information, according to Financial Aid employee, Susanna Roorbach. The Federal Student Aid website said the new system offers several benefits. One of the benefits will be that the FAFSA will not involve as much estimation of finances since the taxes from two years prior will already be completed. Additionally, it will enable students to use the IRS Data Retrieval Tool to automatically import tax information to the FAFSA. According to a tutorial on the Federal Student Aid website, this tool makes the process of transferring tax information to the FAFSA faster and more accurate.

Some of the greatest benefits are for incoming first year students, Roorbach said. Before, prospective students had a narrow window between receiving their financial aid package from a school and the school’s deadline to enroll. The new system takes the pressure off for new students exploring their options. “It will allow students to have their financial aid award letters sooner and give them more time to make a decision,” said Roorbach.

For returning students, Roorbach said, “When we award financial aid at Houghton, we give students the best package we can up front and we typically don’t change that, but this could really affect federal and state aid.” Using tax information from two years prior means that it takes longer for a change in finances to affect a student’s federal and state aid. Roorbach said if a student has a circumstance where their income dropped significantly or they recently had high medical expenses, they can fill out a Special Circumstance form along with their FAFSA which will allow their aid to reflect these changes. On the other hand, if a student’s income rises significantly, this change will not catch up to their aid as quickly as in previous years, Roorbach said.

The Financial Aid Office is changing their calendar to accommodate these new deadlines, Roorbach said. She explained the new system will mean sending out financial aid packages from October until August. “It’s something we thought would be helpful for a while,” she said. “Now that it’s here it could be a little challenging to implement, but I think things will run a lot smoother once we have a year of using this system under our belts.”

These changes will likely be helpful to Houghton students across the board. According to the Houghton College website, students receive roughly $13 million in aid, grants, and scholarships.. Roorbach said returning students generally shouldn’t worry about completing the FAFSA until after Thanksgiving.

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News

A Letter from the Student Financial Services Office

Houghton campus is finally starting to thaw and that means a season of preparing for finals, getting ready for Mayterm, graduation and most importantly- letting loose on the long-awaited summer. However, this time of year also marks another season: that of readying ourselves for the upcoming financial school year. FAFSAs are completed and packages for both incoming and returning students are rolling out the doors of the financial aid office.

Courtesy of http://springflingcny.wordpress.com/
Courtesy of http://springflingcny.wordpress.com/

This year timing is especially important because it marks a new policy change for The Student Financial Services Office at Houghton College. Students have been receiving emails regarding this policy change- the introduction of EBilling which keeps us in-line with Federal Regulations regarding tuition overload; SALT, which will help students understand their financial responsibilities, enforcement of Church Match deadlines, and a comprehensive checklist to ensure all students are financially registered before returning to campus next year.

In previous years Houghton has given much grace when it comes to financial registration. Over the years we have seen this result in frustrating situations for our students. Students arrive on campus excited for a new semester and quickly become involved in academics, activities and friends. The last thing they want is to add financial strain to their lives. For that reason the new policy will strictly enforce that a student must be paid in full before he or she arrives on campus in August.

The process to be financially registered has not changed dramatically. Students will receive their tuition bills in July. Bills will be due August 16th. Students will be expected to pay the bill by that date. This means that any alternative payment plans and loan applications should already be in place and approved. After August 16th it will then be too late to apply for loans or make other arrangements.

Until a student formulates and communicates a plan in conjunction with SFSO to pay their bill, their housing key will be withheld, a stop put on their account, and their meal plan frozen. The intent of this is to alleviate the frustration and stress that accompanies long overdue bills.

If the student has a special circumstance where the usual payment plans and methods are not possible, they must communicate this with SFSO so that an acceptable alternative payment method can be decided upon before the 16th of August.

Once a student has reached a $0.00 balance on their account, an email will be sent confirming this. The email will act as financial clearance to return to campus, move into their housing and attend classes.

The hope is that through this strict financial policy, the billing process will be easier and smoother for both our students and the institution. Our intention is to engage with families and work through their plans at earlier dates so that the burdens of finance do not linger over the heads of students as a new semester starts. In addition SFSO will be able to proceed efficiently and without the fear of financial dismissal of students we feel should not have to leave our campus prematurely. Moving forward we are optimistic about the new policy and we are looking forward to August where we will find all students financially registered and ready to start a fresh year of academics, activities and friends.