Monthly Memo

March 2011

In This Issue

Final Voucher for 1011 — Friday, May 20th

Refunds are Due NOW

Also, 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

Covenant grant program layout is still a work in progress; we will be providing the new layout in the April monthly memo.

Board Adopts 11-12 Formulas

At its meeting on Thursday, March 3rd, the Higher Educational Aids Board adopted the following formulas for 2011-2012:

  • WHEG – TRIBAL

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

  • WHEG – WTC

    No change to current formula.
    ($9,270 — EFC) x 13% = Award
    Maximum Award: $1,205
    Minimum Award: $529

  • WHEG – UW

    ($5,960 — EFC) x 41% = Award
    Maximum Award: $2,444
    Minimum Award: $804

  • Tuition Grant

    Maximum award: $2,900
    Minimum award: $1,000
    Inflation Factors: Dependent – 340%, Independent – 740%
    UW-Madison Tuition: $9,515
    Base Maintenance: $10,800

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

Notification List Processing

Distributed Wednesday afternoons:

March: 2, 9, 16, 23, 30

April: 6, 13, 20, 27

AES notification dates:

March 23

April 20

Voucher Processing

Tuesdays and Fridays for files uploaded by noon.

March: 1, 4, 8, 11, 15, 18, 22, 25, 29

April: 1, 5, 12, 15, 19, 22, 26, 29

Grants Updates — Committed and Spent

TG (W codes 06/25/10) Current This Time Last Year
Committed 152.03% 137.21%
Spent 98.88% 92.45%
WHEG-TRIBAL (W codes 07/10) Current This Time Last Year
Committed 151.95% 130.79%
Spent 98.52% 93.93%
WHEG-UW (W codes 7/28/10 & Z codes 9/15/10) Current This Time Last Year
Committed 129.75% 125.57%
Spent 99.99% 95.73%
WHEG-WTC (W codes 5/6/10 & Z codes 8/3/10) Current This Time Last Year
Committed 164.15% 155.26%
Spent 100.11% 94.89%

Upcoming Events

Scheduled HEAB Board Meetings: April 29 (if needed); August 5

WASFAA Spring Conference: April 13-15, 2011 at the Grand Geneva Resort, Lake Geneva

Scheduled HEAB Training Dates: May 19 (Session Full); July 21; September 15


Please contact me by phone at (608) 267-2944 or by email at sherrie.nelson [at] wisconsin.gov if you have any questions, concerns or comments. Thank you!



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