WASFAA Committee Report Committee: Graduate Professional Issues Committee Meeting Date: 2/21-2/22 Meeting Location: Seattle, WA Report Type: Quarterly Annual Submitted by: Colleen MacDonald Summary of Activities: The Graduate Professional Issues Commttee began soliciting members through the ATAC website. Current members: Current Participants State Organization MacDonald, Colleen Chair CA Antokhin, Kthleen EDFUND Member CA Graduate Theological Union Ayala-Cuellar, Ana Member Medicine AZ Southwest College of Naturopathic Carter, Lacey Member AZ T.H.E. Cortijo, Kimberly Member CA unaffiliated (formerly Sallie Mae) Hall, Dianna Member OR Pacific University - Forest Grove, OR Koki, Gail HI University of Hawaii - Manoa Member Lager, Deena Member AZ unaffiliated (formerly Sallie Mae) McCloud, Renée - Reno Member NV unaffiliated (formerly) University of Nevada Roddick, Daniel Member CA Key Bank We attempted to achieve as much state representation to the extent possible. We are excited to have members that represent various states and sectors as well as WASFAA Committee Report Page 1 of 4 attempt to increase gender and diversity members. Particularly, currently we have representation from adminstrators at a Medical, Divinity, Other Graduate, and an office which serves all students (from undergraduate to PhDs). Unfortutnately, due to changes in lender community, several of our members were laid off. __________________ Meeting: January 8th Conference Call After introductions, we reviewed the GP related sessions in the WASFAA Conference and created a plan to highlight these sessions to GP members of the community; created an outline for a WASFAA GPIC webpage; discussed the possible content for the next GP WASFAA Newsletter article; and made a list of recommended federal issues to be sent to the Federal Issues Committee. February 6th Conference Call After welcomes and roll call, we reviewed the draft communication to highlight the GP related sessions in the WASFAA Conference; finalized the WASFAA GPIC webpage; discussed the possible content for the next GP WASFAA Newsletter article; and discussed how to find funding in for the GP related federal irecommendations. The Committee would like permission from the WASFAA EC to send a letter to Congress with the federal recommendations. __________________ GP Related Federal recommendations The Committee unanimously decided to send the following recommendations to the WASFAA Federal Issues Committee: • Allow qualified graduate and professional students to receive a Federal Pell Grant with new funding. • Create a grace periods for PLUS Loan Programs for Graduate Students similar to the Federal Stafford Loan Program. • Extend the interest rate reductions created in the College Cost Reduction and Access Act of 2007 to all students with subsidized and unsubsidized Federal Stafford Loans, including for graduate and professional students. o Reduces borrower interest rates on subsidized and unsubsidized Federal Stafford Loans for graduate and professional students as follows: WASFAA Committee Report Page 2 of 4 6 percent for loans first disbursed July 1, 2008, through June 30, 2009. 5.6 percent for loans first disbursed July 1, 2009, through June 30, 2010. 4.5 percent for loans first disbursed July 1, 2010, through June 30, 2011. 3.4 percent for loans first disbursed on or after July 1, 2011. • Extend the maximum origination fee reductions created in the Higher Education Reconciliation Act of 2005, “HERA” for graduate and professional students with Federal PLUS Loan Programs, including those for Graduate Students. o Phases the 3% maximum origination fee on FFELP PLUS loans down to 0% by July 1, 2010: Lowers to 2% for loans first disbursed on or after 7/1/06. Lowers to 1.5% for loans first disbursed on or after 7/1/07. Lowers to 1% for loans first disbursed on or after 7/1/08. Lowers to 0.5% for loans first disbursed on or after 7/1/09. • Eliminate the requirement to charge the origination fee for Federal PLUS Loan Programs by changing the language to parallel the Federal Stafford Loan Program. The recommendations appear in the order of importance to the WASFAA GPIC. The Federal Issues Committeewas presented with the provisions. Based on the zero-sum monetary environment for federal HEA provisions, the Federal Issues Committee has reservations about moving forward suggestions that are too high cost without making recommendations about where cuts can make fundin available. The GPIC believes that the investment in education is of paramount importance to an informed citizenry. The GPIC would lilke the WASFAA EC to approve a letter be sent to chairs of Senate HELP Committee and House Committee on Education and Labor and all representatives from the WASFAA region serving ton these committees. __________________ WASFAA Graduate Professional Issues Committee Goals for 2007-08 1. Bring issues of relevance to graduate and professional aid administrators and students to the attention of the Association and the Executive Council. WASFAA Committee Report Page 3 of 4 2. Respond with endorsement of the Executive Council, to any State or Federal Issues with a Graduate and Professional perspective. 3. Advise other committees when Graduate and Professional concerns need to be addressed and ensure Graduate and Professional representation on all appropriate committees. 4. Work with the Conference Committee to ensure interest sessions are presented with graduate and professional aid administrators' needs in mind. 5. Submit Graduate and Professional related articles for inclusion in every WASFAA Newsletter as well as send at least one article or communication to each state within the WASFAA region. These goals align with Strategic Plan goals #1, to collaborate and coordinate with conference committee in order to serve our members more applicable training and professional development opportunities; #2, to communicate the public policy decisions; and #7, to improve the methods of communication with membership. WASFAA Committee Report Page 4 of 4