The “Ask” to Executive Leadership • To better financially support our students who are impacted due to FAFSA Simplification, I am recommending an increase of the allocation of total institutional dollars: • Allocate more need-based institutional dollars, such as undergraduate designated tuition and Texas Public Education Grant, to accommodate the impact of those who are no longer eligible for the Pell grant AND those who are newly eligible for the Pell grant. • 2024-25 = Minimum $1.5 million • 2025-26 and beyond = Minimum $3 million **This is only an estimation, data will be assessed to determine the appropriate amounts needed. • Create a new, non-need based institutional fund to support specific populations that may negatively impacted, such as those with higher EFC’s, but with no unmet need. • Invest more funds to increase renewable, merit aid opportunities.
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