PHEAA Board of Directors Approve PA-TIP Funding for 2013-14
Need-based awards will benefit Pennsylvania students and employers
Harrisburg, PA (July 17, 2013)—The Pennsylvania Higher Education Assistance Agency (PHEAA) announced today that its Board of Directors approved funding for the Pennsylvania Targeted Industry Program (PA-TIP) for the 2013-14 award year. This marks the second year the Board has allocated $5 million from PHEAA's business earnings without using taxpayer resources to support this need-based grant for Pennsylvania students.
The program benefits students enrolled in courses of study in the energy, advanced materials, diversified manufacturing, agriculture and food production fields.
In the 2012-13 award year, 1200 Pennsylvania students received awards for a total of $4,253,097 with summer 2013 grants still being awarded. The maximum award was $4,348 and the average award was $3,389. Recipients attend a variety of schools, including business, trade and technical, career and technology centers, community colleges, and 2-year private schools.
"Many students in these areas of study had previously not been eligible for the need-based Pennsylvania State Grant awards because their programs did not qualify," said Representative William F. Adolph, PHEAA Board Chairman. "PA-TIP now provides students interested in short-term certificate programs with a funding option that helps them meet their educational costs."
Eligible courses of study must be more than 10 weeks in length, less than 2 academic years in length and be federal Title IV eligible. Additionally, courses of study must not be State Grant eligible. A list of eligible programs and participation requirements can be found at PHEAA.org/PA-TIP. Both school applications and student applications for the 2013-14 award year are also available at PHEAA.org/TIP.
"The Targeted Industry Program focuses on preparing students with specialized skills in industry sectors which help drive Pennsylvania's economy," said Senator Wayne D. Fontana, PHEAA Board Vice Chairman. "This program is a big win with long-term benefits for both the participating students and Pennsylvania industries looking for skilled workers."
PA-TIP provides awards up to the equivalent of the maximum State Grant Award or 75 percent of the student's allowable cost, whichever is less. However, eligible Pennsylvania veterans may receive awards up to the maximum State Grant Award, provided that it does not exceed the student's allowable costs.
Awards can be used to cover educational costs such as tuition, fees, books, supplies, and a living expense allowance.
Applicants must be a Pennsylvania resident, a high school graduate and be enrolled in a qualified course of study on either a full-time basis or, new for 2013-14 on at least a half-time basis if attending an approved public or private non-profit institution. Awards can be used to cover educational costs and specific living expenses.
Students interested in receiving an award must submit a Free Application for Federal Student Aid (FAFSA®), which is used to determine need, and a PA-TIP application. Awards will be provided to students on a first-come, first-served basis until all funding has been exhausted.
PHEAA will contact institutions offering eligible courses of study, encouraging them to apply for participation. Eligible institutions must be able to demonstrate that they are meeting federal gainful employment regulations.
In addition to $5 million in funding for PA-TIP, PHEAA's Board of Directors approved an additional $75 million in funding to supplement the State Grant Program, which received a $344.8 million appropriation from the Commonwealth for 2013-14.
For information on the higher education financial aid process, schedules for upcoming Financial Aid Nights and FAFSA Completion Sessions, reminders of financial aid deadlines, and video clips offering tips and information pertaining to planning for higher education, students can join PHEAA on Facebook at Facebook.com/pheaa.aid.