NHASFAA Council Meeting
Saint Anselm College-West Wing of NHIOP
Friday, March 15, 2013
9:08 am
Present:
Suzy Allen, Leslie Bembridge , Jeff Bentley, Tori Berube, Anna Clifford, Ashley Coleman, Sharon Eaton,
Maureen Fagen, Crystal Finefrock, Robin Gagnon, Sheri Gonthier, Lizbeth Gonzalez, Jason Graves,
Elizabeth Keuffel, Debra McCann, Susan Proulx, Cindy Schofield
Absent:
Hilary DeAngelis, Mike Levasseur, June Schlabach
President’s Report:
SLRP has ended-Will now move forward with new SLRP.
Annual meeting has been set for Wednesday, April 17, 2013 at St. A’s. NHIOP
Elizabeth reported on her trip to Washington DC. Members of EASFAA, MASFAA, and SAFSAA attended
just before the sequester. They did a trip on the hill. Elizabeth and others met with approximately 40
members of the education committee.
They discussed with this committee, not only consumer information, and what is relevant, but also the
needs analysis formula.
We are all encouraged to make a trip to DC. Jason went to the DC NASFAA Leadership Summit and met
with reps from Kelly Ayotte and Sheehan’s office. He believes they are listening. We need to be the
national, state, and regional voices.
Debora also attended DC to discuss the Trio Programs.
Two other issues that were addressed1.
The **** Bill regarding loan forgiveness and the 150% limit. Kelly Ayotte voted yes, Sheehan,
no. Both offices stated they would go back and review.
2. Pushed the PLUS Loan-Review of debt to income ratio vs. overall credit history.
Secretary Report: 12/14/12 minutes passed as amended. Jason moved and Sheri 2nd motion.
Amended minutes passed.
Treasurer’s Report: Jason distributed.
NHASFAA BUDGET REPORT-03/15/2013
Checking Balance:
$
19,231.36
CD Balance:
Elite Savings Balance:
$
$
6,963.42
45,279.00
Net Balance:
$
71,473.78
Account
Line Item
2012-13 Budget
Income as of 03/15/2013
Remaining/short
INCOME
5000
Membership Dues
5100
Conference Registration
$
6,800.00
5330
Sponsor-Speaker's Bureau
$
-
$0.00
5340
Sponsor-Training
$
-
$0.00
5350
Sponsor-Website
$
-
5410
Bank Account Interest
$
70.66
$
33.26
$37.40
5450
Other (CD Interest)
$
29.05
$
11.55
$17.50
5460
Transfer from Reserve
$
2,556.29
$
5470
Prior Year Carryover
$
-
5480
Development Target
$
7,500.00
$
7,500.00
$0.00
$
22,626.00
$
21,129.81
$1,496.19
Total Income
$5,670.00
$
5,985.00
($315.00)
$
7,600.00
($800.00)
$0.00
-
$2,556.29
$0.00
Spent as of 03/15/2013
Remaining
EXPENSE
6006
Travel
$
1,500.00
$
6700
Annual Meeting
$
1,500.00
$
6705
Strategic Planning
$
250.00
6706
Council Meetings
$
6806
Council Retreat
6910
424.80
$
1,075.20
-
$
1,500.00
$
-
$
250.00
-
$
-
$
-
$
-
$
-
$
-
Historian
$
-
$
-
$
-
6920
Newsletter
$
-
$
-
$
-
6930
Speaker's Bureau
$
75.00
$
-
$
75.00
6940
Training Committee
$
1,000.00
$
327.42
$
672.58
6950
Website Committee
$
2,515.00
$
2,230.00
285.00
6960
Conference Committee
$
13,373.00
$
14,172.93
$
$
(799.93)
6970
Government Relations
$
-
$
-
$
-
7200
Supplies-General
$
-
$
-
$
-
7206
Supplies-Computer
$
-
$
-
$
-
7310
Accounting/Audit
$
750.00
$
7700
Membership Committee
$
-
$
-
$
-
7710
Professional Development
$
-
$
-
$
-
7720
Scholarships
$
-
$
-
$
-
7730
Charitable
$
200.00
$
$
-
75.00
200.00
$
675.00
7740
Gifts/Awards
$
430.00
$
7750
Reynolds' Award
$
-
$
-
$
-
7800
Lease
$
-
$
-
$
-
7806
Lease-Deposit
$
-
$
-
$
-
7900
Bank Account Charges
$
33.00
$
-
$
33.00
7950
Other
$
250.00
$
-
$
250.00
7960
Transfer to Reserves
$
-
$
-
$
-
7970
Carry-back to Prior Year
$
-
$
-
$
-
7980
Development Committee
$
-
$
-
$
-
7990
Multicultural Committee
$
-
$
-
$
-
8000
Leadership Committee
$
750.00
$
-
$
750.00
$
22,626.00
$
17,455.15
$
5,170.85
$
3,674.66
Total Expenses
Income Less Expenses
$0.00
25.00
*Additional $2500 approved by council to overspend on conference committee.
**$2556.29 on Expense 5460 (transfer from reserves) was to balance the budget for 2012-2013
***$20,000 was transferred from checking to savings.
Jason will make updates to report. Discussion on the notes listed on bottom of report.
Still working on Tax ID#. Jason will follow up with accountant on 3/23/13.
Will also work for next budget year how to account for comps in the conference budget.
Susan and Jason need to balance conference 2012 registration.
Past President Report: Crystal did not have anything to report.
Conference:
Went over spreadsheet (copy to minutes)
Bedford, would use 10/29 and 10/30
Heather Ward shared with Susan the following information for the Radisson:
10/3 and 10/4Rooms 10 for 1st day; 20 for 2nd day
$126 for both a single and a double
$146 for a quad
$200 (reduced rate) per day for break out rooms and rate would be waived for general session
But further discussion on going back to North Conway at Settler’s Green.
$
405.00
Package includes food and lodging ; Waive $500 conference room fee.
Need to look at space of hotel, LCD $, and screens etc.
There is Wi-Fi and complimentary podiums and mikes.
2 night package- $173 p/p double $238 Single
1 night package- $149 p/p double- $186 single
Both include tax and gratuity
*Includes 2 breakfast, 2 lunch, and 1 dinner
It was decided to have the conference in North Conway. Now need to look at entertainment (World
Series?) and vendors.
We need to outreach to schools to step up and serve on the conference committee.
Development:
Exhibiting Breakdown
Conference:
NHHEAF Network
GLHEC
Citizens Bank
SLMA
Discover
First Marblehead
Wells
NElNet
ASA
Annual Meeting:
NHHEAF Network
GLHEC
Citizens Bank
SLMA
First Marblehead
MEFA
NElNet
Received to Date:
$5100.00
Amount Pending:
$0
Total Revenue:
$7500.00
No vendors have offered to partake in vending at the trainings
Leslie reported that she is actually showing $8100 since report was drafted. ($600 for annual
meeting from Wells Fargo and ASA)
Leslie is currently working on updating contacts. Please forward any new contacts to her
directly, she will outreach. Possibility of looking at credit unions?
Federal Relations (Review her notes she sent me)
Cindy reported that she attended the function at UNH in January and spoke for about an hour with
Senator Sheehan and discussed Pay as You Earn.
Now that we have changed venue for the conference, the committee is going to try and get a state
official to be a speaker at the conference.
The committee has now started to put articles in the newsletter and also finding ways to use the listserv
more affectively.
The committee is now preparing a draft communication to state officials. Who does it go to? What
should it state? This will be addressed at the April meeting.
Also looking to mirror the MASFAA Student Financial Aid Day-NH style. Will look at this for late fall 1314 and outreach to guidance community and jumpstart.
Will try to put together some type of session for the conference.
Leadership:
The Directors Summit was cancelled due to the late winter storm
Will try to put together a leadership track at the conference
Preparing next “face of financial aid” for spring newsletter.
Membership:
Ashley did not attend meeting, but Elizabeth did report that we currently have 175 members of which
172 have paid.
Multicultural/Diversity:
Lizbeth did not have a formal report, but did state she is going to put together an action plan and goals
of the committee for the upcoming year.
Newsletter:
Robin reported that the winter newsletter has gone out and she will set the deadline for spring
newsletter around early May, after EASFAA (send pictures to Robin)
Small discussion regarding facebook, who is charge? (EASFAA just created FB page)
List Serv-NH not using it enough. We need to move forward. How can we use it better?
Speakers Bureau:
15 FA nights confirmed by NHASFAA speakers
 2 FAFSA completion nights
 None of the speaker evaluations were completed.
 will review and update the HS contact list before May.
 Will contact previous speakers to have each individual added to the data base before the
membership renewal period
Training:
Robin and Jeff gave update on DL EASFAA training- 8 people attended
Late May (after EASFAA and graduation)-Get our faces out there.
Possible training*Cohort Default Rate-Appeal process; Is this an issue in NH? Use ListServ
*Default Management
*Financial Literacy
*Some type of Professional Development Day for new employees and customer service
Lender Report:
Maureen discussed the increase to origination fees
1% increase to 1.051%
PLUS 4% to 4.024%
Website:
Sheri had no report to submit
NH Charitable Fund
STEM- $5m scholarship in 2013; 500,000 STEM?
NHHEAF/Guarantor:
No report submitted
CCP:
7036 FAFSAs filed by first-timers in NH 1/1/13 to 3/1/13 (Department of Education)
About 1240 CCP programs booked so far for this year; 10 already on the books for 20132014
Destination College – 3/16/13 at PSU – about 1020 registrants; low participation from
North Country
I Am College Bound scholarships abound – about 90 $1500 and various special
scholarships for homeless, foster youth, Education Talent Search, Upward Bound and
State Scholars
Talent Search:
Debora just gave a small summary of her tip to DC for the Trio Program
Old Business: No old business discussed
New Business:
State meetingNo vender presentations (9 vendors will be present)
Suggest for morning, small groups to discuss organization. Need to have well- structured questions.
Get an outside speaker; Suzy will outreach to NASFAA, as leadership has some funding since summit was
cancelled.
Introduction of council-year end summary?
Suggested we review the title of the meeting-“Annual” “Business”
Save the Date will go out ASAP.
We will table the SLRP for the June retreat, which will now be an all day meeting. Alot to discuss.
Motion to adjourn by Suzy Allen; 2nd by Cindy Schofield -So moved. Meeting adjourned
Respectfully Submitted,
Anna Clifford
Secretary