preservation of the hope scholarship program · hope scholarship program joint house & senate...
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![Page 1: Preservation of the HOPE Scholarship Program · HOPE Scholarship Program Joint House & Senate Study Committee Tricia P. Chastain. President. September 14, 2015. The Impact of HOPE:](https://reader033.vdocuments.net/reader033/viewer/2022052020/6034768c93e1cd02cc772caa/html5/thumbnails/1.jpg)
Preservation of the HOPE Scholarship Program
Joint House & Senate Study Committee
Tricia P. ChastainPresident
September 14, 2015
![Page 2: Preservation of the HOPE Scholarship Program · HOPE Scholarship Program Joint House & Senate Study Committee Tricia P. Chastain. President. September 14, 2015. The Impact of HOPE:](https://reader033.vdocuments.net/reader033/viewer/2022052020/6034768c93e1cd02cc772caa/html5/thumbnails/2.jpg)
The Impact of HOPE: 1993 – 2015
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1.7 Million Students
$7.7 Billion
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HOPE Program Structure
3
HOPE Program
HOPE Scholarship Zell Miller Scholarship HOPE Grant Zell Miller
Grant HOPE GED Grant
Strategic Industries Workforce Development
Grant (SIWDG)
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The Impact of HOPE Today
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HOPE Scholarship, $365,921,309
Zell Miller Scholarship,$126,565,989
HOPE Grant, $54,926,598
Zell Miller Grant, $17,672,795
SIWDG, $8,913,484
HOPE Grant Programs,
$81,512,877
HOPE Scholarship and Grant Programs - FY2015*
*HOPE GED Grant, $806,498
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2011 Reforms
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2011 Reforms
• HOPE award amounts decoupled from tuition amounts and a standard award basis was established (Factor Rate)
• Book and fee payments eliminated• Seven year time limit on eligibility• Rigor requirements to begin with 2015 graduating class • Zell Miller Scholarship created
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2011 Reforms & the Factor Rate
• FY 2011 – HOPE paid full tuition• 2011 Reforms – Factor Rate instituted• FY 2012 – Factor Rate set at 90 percent of what HOPE
had paid the previous year• FY 2013 – Factor Rate went to 100 percent; HOPE was
paying the same amount as it had the previous year• FY 2014 – 2016 – Governor has set the Factor Rate at
103 percent; HOPE award amount growing by three percent each year
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HOPE Program Before & After 2011 Reforms
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HOPE Program Before & After 2011 Reforms
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0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Num
ber o
f Stu
dent
s
Scholarship Students Grant Students
HOPE Scholarship and HOPE Grant(including Zell Miller)
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HOPE Scholarship Students & DollarsBefore & After 2011 Reforms
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HOPE Scholarship (including Zell Miller beginning 2012)
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Scho
lars
hip
Dolla
rs
Num
ber o
f Stu
dent
s
Students Dollars Awarded
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HOPE & Zell Miller ScholarshipsAfter 2011 Reforms
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$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
$500,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
Dolla
rs
Stud
ents
HOPE Students Zell Miller Students HOPE Dollars Zell Miller Dollars
FY2012 FY2015 FY2012 FY2015
HOPE & Zell Miller ScholarshipsStudents and Dollars Awarded at Public Institutions
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HOPE Grant Students & DollarsBefore & After 2011 Reforms
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HOPE Grant (including Zell Miller beginning 2015)
$0
$25,000,000
$50,000,000
$75,000,000
$100,000,000
$125,000,000
$150,000,000
$175,000,000
$200,000,000
$225,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1994 1997 2000 2003 2006 2009 2012 2015
Gra
nt D
olla
rs
Stud
ents
Students Dollars Awarded
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HOPE Scholarship & Tuition
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HOPE Award Growth vs. Tuition Growth
• When tuition increases at a higher rate than the Factor Rate, HOPE pays a smaller percent of tuition
14
6% Tuition Growth
3% HOPE Growth
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at Research Universities
$3,495.00
$4,526.50
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Tuition
Average FY2016 tuition not covered by HOPE: $1,032
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at Regional Universities
$2,280
$2,625
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Tuition
Average FY2016 tuition not covered by HOPE: $345
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at State Universities
$2,180
$2,508
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Tuition
Average FY2016 tuition not covered by HOPE: $329
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HOPE Scholarship & Tuition
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Average HOPE Scholarship and Tuition at State Colleges
$1,278
$1,473
$-
$1,000
$2,000
$3,000
$4,000
$5,000
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Tuition
Average FY2016 tuition not covered by HOPE: $196
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HOPE GRANT, SIWDG & ZELL MILLER GRANT
HOPE Grant Program & Tuition
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HOPE Grant, SIWDG Award Amounts & Tuition
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HOPE Grant, SIWDG Award Amounts & Tuition at TCSG Institutions
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dolla
rs
HOPE Grant HOPE Grant plus SIWDG Tuition
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Zell Miller Grant, SIWDG Award Amounts & Tuition
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Zell Miller Grant, SIWDG Award Amounts & Tuition at TCSG Institutions
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
FY2015 FY2016
Dolla
rs
Zell Miller Grant Zell Miller Grant plus SIWDG Tuition
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HOPE Grant Program Dollars
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HOPE Grant Program* Dollars
$92,981,669
$71,934,586 $73,024,623 $54,926,571
SIWDG, $4,756,739
$8,907,734
$17,662,681
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
FY2012 FY2013 FY2014 FY2015
Dolla
rs
HOPE Grant SIWDG Zell Miller Grant
* HOPE Grant Program includes HOPE Grant, SIWDG and Zell Miller Grant
FY2015 Total: $81,512,415
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OUR MISSIONTo promote and increase access to education
beyond high school for Georgians.
OUR VISIONTo be the premier provider of student financial
aid and educational services for Georgians.