Oklahomas Promise OKPromise for Career Tech - Financial Aid July - - PowerPoint PPT Presentation
Oklahomas Promise OKPromise for Career Tech - Financial Aid July 2016 Carol Alexander Oklahoma State Regents for Higher Education Resource Page Financial Aid Resources for Institutions http://www.okhighered.org/admin-
2
http://www.okhighered.org/admin-
One location for up-to-date information including:
Administrative rules and statutes Report form templates Reporting instructions Other information related to OSRHE financial aid
programs
3
4
Public Career Technology Programs: The OKPromise award will cover at least a portion of the tuition cost for certain public technology courses offered for potential college credit through cooperative agreements between public technology centers and Oklahoma public colleges or universities. However, not all courses at public technology centers are offered through a cooperative agreement. The student should check with the public technology center he/she plans to attend. [The award is limited to an amount similar to tuition at a public two-year college.]
5
6
Prior Learning Assessment (PLA) Contractual Agreement
Healthcare related fields
Website: http://www.okhighered.org/alliances/
7
8
9
10
If 900 clock hour program, then (900 x $2.67) total payment
cannot exceed $2,403.00. Bill two payment periods of 450 clock hours each.
Tuition = $1.50 (< $2.67 CAP, so you would bill at your rate) 1st payment period.
Bill 450 clock hrs x $1.50 = $675.00
2nd payment period.
Bill 450 clock hrs x $1.50 = $675.00
TOTAL: $1,350.00
11
If 900 clock hour program, then (900 x $2.67) total payment
cannot exceed $2,403.00. Bill two payment periods of 450 clock hours each.
Tuition = $3.00 (> $2.67 CAP, so you would bill at the $2.67 rate)
1st payment period.
Bill 450 clock hrs x $2.67 = $1,201.50
2nd payment period.
Bill 450 clock hrs x $2.67 = $1,201.50
TOTAL: $2,403.00
12
If 1200 clock hour program, then (1200 x $2.67) total payment
cannot exceed $3,204.00. Bill three payment periods.
Tuition = $2.00 (< $2.67 CAP, so you would bill at your rate)
1st payment period.
Bill 450 clock hrs x $2.00 = $900.00
2nd payment period.
Bill 450 clock hrs x $2.00 = $900.00
3rd payment period.
Bill 300 clock hrs x $2.00 = $600.00
TOTAL: $2,400.00
13
If 1200 clock hour program, then (1200 x $2.67) total payment
cannot exceed $3,204.00. Bill three payment periods.
Tuition = $3.00 (> $2.67 CAP, so you would bill at the $2.67 rate)
1st payment period.
Bill 450 clock hrs x $2.67 = $1,201.50
2nd payment period.
Bill 450 clock hrs x $2.67 = $1,201.50
3rd payment period.
Bill 300 clock hrs x $2.67 = $801.00
TOTAL: $3,204.00
14
15