KHEAA Update
November 2004

Growth in Aid Continues
FY 2004 was a tremendous year in our efforts to make higher education more accessible. Thanks to the assistance and support of our school and lender partners, KHEAA disbursed $148 million in need-based grants, scholarships, and work-study wages (more than double the amount disbursed in FY 2001) and guaranteed $951 million in Federal Family Education Loans. Since 1996, KHEAA has waived the insurance premium. Last year alone, students saved $6.2 million.

For the first quarter of FY 2005 as compared to the same period last year, KHEAA’s new, school-based loan guarantee volume increased:

GoHigherKY.org
Kentucky’s one-stop, higher education and career planning website was launched October 21 at the Kentucky Counseling Association Conference in Louisville. Special guest speaker Margaret Causey, a guidance counselor with 30 years’ experience, discussed how Go Higher can make counselors’ jobs easier. Causey uses a similar system in the North Carolina public school system. The site is a collaborative effort of KHEAA, The Student Loan People, Kentucky Council on Postsecondary Education (CPE), Association of Independent Kentucky Colleges and Universities (AIKCU), Kentucky Community and Technical College System (KCTCS), and Kentucky Department of Education (KDE).

This is the third site involving KHEAA and like-minded state organizations. The other websites are AlabamaMentor.org and MississippiMentor.org.

Retrieving MYF Stafford Exit Records for Schools
ExitExpress is a new service designed by KHEAA especially for the convenience of our school partners. Through ExitExpress, KHEAA will retrieve exit data on behalf of schools using Mapping Your Future (MYF) Stafford exit counseling. Federal regulations require schools to forward exit counseling reports to guaranty agencies within 60 days of the exit counseling session. Schools using MYF's Online Student Loan Counseling with loans guaranteed by KHEAA can save time and money since they won't have to send this data to KHEAA.

NCAN and P-16 Council
KHEAA Executive Director Dr. Joe L. McCormick is now a member of the National College Access Network (NCAN) Board of Directors and Kentucky's P-16 Council. NCAN is a private, nonprofit organization with a mission to improve access to and success in postsecondary education for disadvantaged, underrepresented, and first-generation students. NCAN supports a network of state and local college access programs that provide counseling, advice, and financial assistance; shares best practices among the network; provides leadership and technical assistance; and helps establish new college access programs. College access programs are non-profit organizations designed to increase the number of students who pursue education beyond high school. The Kentucky P-16 Council was formed in 1999 by the Kentucky Council on Postsecondary Education (CPE) and the Kentucky Board of Education to jointly discuss policy matters that affect the progress of students from P-12 into the postsecondary education system.