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<p class="MsoNormal"><span style="font-size:14.0pt">Today’s Senate floor agenda indicates that SB 529 could be considered this morning (see
<a href="http://www.oksenate.gov/schedule/agenda.aspx">http://www.oksenate.gov/schedule/agenda.aspx</a>). The Senate floor session officially opened at 9:30 a.m. this morning but consideration of bills has not begun yet. You can watch the Senate floor live
at <a href="http://oksenate.gov/livechamber.htm">http://oksenate.gov/livechamber.htm</a>.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Also below is an article about SB 529 that was posted yesterday, May 8, on the OKPolicy.org website. You can also find the article online at:
<a href="http://okpolicy.org/bill-expand-eligibility-oklahomas-promise-scholarships-win-oklahomans/">
http://okpolicy.org/bill-expand-eligibility-oklahomas-promise-scholarships-win-oklahomans/</a> .
<o:p></o:p></span></p>
<div style="mso-element:para-border-div;border:none;border-bottom:double windowtext 2.25pt;padding:0in 0in 1.0pt 0in">
<p style="border:none;padding:0in"><span style="font-size:13.5pt;font-family:"Helvetica","sans-serif";color:#121212"><o:p> </o:p></span></p>
</div>
<p><span style="font-size:13.5pt;font-family:"Helvetica","sans-serif";color:#121212"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:15.0pt;background:white"><b><span style="font-size:21.0pt;font-family:"Source Sans Pro";color:#2F507F"><a href="http://okpolicy.org/bill-expand-eligibility-oklahomas-promise-scholarships-win-oklahomans/"><span style="color:#2F507F;text-decoration:none">Bill
to expand eligibility for Oklahoma’s Promise scholarships would be a win for all Oklahomans</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:18.75pt;background:white"><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">by
<a href="http://okpolicy.org/author/courtney/" title="Posts by Courtney Cullison">
<b><span style="color:#2F507F;text-decoration:none">Courtney Cullison</span></b></a> | May 8th, 2017 | Posted in
<a href="http://okpolicy.org/category/blog/education-blog/"><b><span style="color:#2F507F;text-decoration:none">Education</span></b></a>,
<a href="http://okpolicy.org/category/blog/financial-security/"><b><span style="color:#2F507F;text-decoration:none">Financial Security</span></b></a>,
<a href="http://okpolicy.org/category/blog/assets-opportunity/"><b><span style="color:#2F507F;text-decoration:none">Poverty & Opportunity</span></b></a> |
<a href="http://okpolicy.org/bill-expand-eligibility-oklahomas-promise-scholarships-win-oklahomans/#respond">
<b><span style="color:#2F507F;text-decoration:none">Comments (0)</span></b></a><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">The Oklahoma Legislature is close to passing a bill (<a href="http://www.oklegislature.gov/BillInfo.aspx?Bill=SB529" target="_blank"><b><span style="color:#2F507F;text-decoration:none">SB
529</span></b></a>) to make Oklahoma’s Promise scholarships available to more students. Available since 1996, these scholarships cover the cost of tuition for in-state students at an Oklahoma public college or university if students complete a series of college-readiness
requirements before high school graduation and maintain a passing GPA once in college.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Oklahoma’s Promise scholarships have become a critical part of college planning for low and moderate income Oklahoma families as they are guaranteed to students who meet the income guidelines
and complete the requirements. Expanding access to the program is necessary if Oklahoma wants to compete in the new economy where most high-paying jobs require advanced education.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Currently, students are eligible for the scholarship if their family’s income is below $50,000 at the time they apply. SB 529 would raise the income limit to $55,000 in 2017-2018 and
then to $60,000 in 2021-2022. SB 529 has passed both the House and Senate, but the Senate still needs to approve House amendments or work out the language in conference committee. The bill is close to the finish line, which is good news for college-bound
students and for the whole state.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:18.75pt;background:white">
<b><span style="font-size:14.5pt;font-family:"Source Sans Pro";color:#972421">Why the income limit needs to be raised<o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">The current income limit of $50,000 was set in 2000. At that time,
<a href="https://factfinder.census.gov/bkmk/table/1.0/en/DEC/00_SF3/DP3/0400000US40" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">61 percent</span></b></a> of Oklahoma families had income below the limit. But in 2015, only
<a href="https://factfinder.census.gov/bkmk/table/1.0/en/ACS/15_5YR/S1901/0400000US40" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">42 percent</span></b></a> of Oklahoma families had income of less than $50,000. As time goes on, fewer Oklahoma students will be eligible for the Oklahoma’s Promise scholarship unless the income limit is raised.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">And we do see
<a href="http://www.okhighered.org/okpromise/pdf/okp-report-15-16.pdf#page=3" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">fewer students benefiting from these scholarships</span></b></a>. Use of the scholarships peaked in 2012, when 10,635 students enrolled in the program. Since that year, there has been a consistent decline
in the number of students enrolling.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121"><img border="0" width="533" height="281" id="Picture_x0020_2" src="cid:image003.jpg@01D2C8AB.14D3E6C0" alt="https://i1.wp.com/okpolicy.org/wp-content/uploads/ohlap-enrollment-2008-2017.png?zoom=2.25&resize=426%2C225"></span><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Our policy in this area simply hasn’t kept pace with inflation. According to the
<a href="https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=50%2C000&year1=200001&year2=201701" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">Consumer Price Index</span></b></a>, a family making $50,000 in 2000 would need to make $71, 930 in 2017 to maintain the same purchasing power. Because Oklahoma hasn’t increased our income limit for the Oklahoma’s
Promise scholarship, we’ve been denying eligibility to students that we intended to benefit from the program. <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:18.75pt;background:white">
<b><span style="font-size:14.5pt;font-family:"Source Sans Pro";color:#972421">Oklahoma’s Promise recipients are a good investment<o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Oklahoma students who receive the Oklahoma’s Promise scholarship are
<a href="http://www.okhighered.org/okpromise/pdf/okp-report-15-16.pdf#page=9" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">more likely than students who didn’t</span></b></a> to…<o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:6.0pt;text-indent:-.25in;line-height:18.75pt;mso-list:l1 level1 lfo2;background:white">
<![if !supportLists]><span style="font-size:13.0pt;font-family:Symbol;color:#212121"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">go to college (87 percent compared to 44 percent)<o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:6.0pt;text-indent:-.25in;line-height:18.75pt;mso-list:l1 level1 lfo2;background:white">
<![if !supportLists]><span style="font-size:13.0pt;font-family:Symbol;color:#212121"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">return for their sophomore year (81 percent compared to 74 percent)<o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:6.0pt;text-indent:-.25in;line-height:18.75pt;mso-list:l1 level1 lfo2;background:white">
<![if !supportLists]><span style="font-size:13.0pt;font-family:Symbol;color:#212121"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">be full-time students (94 percent compared to 88 percent)<o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:6.0pt;text-indent:-.25in;line-height:18.75pt;mso-list:l1 level1 lfo2;background:white">
<![if !supportLists]><span style="font-size:13.0pt;font-family:Symbol;color:#212121"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">complete a college degree (57 percent compared to 46 percent)<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Oklahoma’s Promise students are more likely to complete college with the added support offered by the scholarship, and that’s important.
<a href="http://collegecompletion.chronicle.com/state/#state=ok§or=public_four" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">As of 2013</span></b></a>, less than one-fourth of Oklahoma students at 4-year public universities were completing college in four years, and less than half were completing their degree in six years. By reducing
the financial burdens of college Oklahoma’s Promise helps students to focus on studying and finishing their degree, making sure that our investments in these students are not wasted.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">And this is an investment that will not add to this year’s budget shortfall — the students who qualify for the program under the expanded $55,00 income cap won’t begin attending college
until the fall of 2020, and those who qualify under the $60,000 cap won’t be starting college until the fall of 2024.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:18.75pt;background:white">
<b><span style="font-size:14.5pt;font-family:"Source Sans Pro";color:#972421">Increased access to college education benefits us all<o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Of course, the
<a href="https://trends.collegeboard.org/sites/default/files/education-pays-2016-full-report.pdf" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">benefits of a college education</span></b></a> to the individual are easy to spot. Individuals who went to college earn more than those who didn’t, they are more likely to have jobs that offer benefits (like
health insurance and retirement plans), and they have better job security.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:18.75pt;background:white">
<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">But degrees are not just good for the individuals who get them. Increasing the number of college graduates benefits whole communities. College grads are less likely to be unemployed,
and their income is generally higher than their non-college educated counterparts, so they
<a href="https://trends.collegeboard.org/sites/default/files/education-pays-2016-full-report.pdf#page=17" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">contribute more in taxes</span></b></a>. College educated people are
<a href="https://www.luminafoundation.org/files/resources/its-not-just-the-money.pdf" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">generally healthier</span></b></a> – they are less likely to smoke, less likely to be overweight, and more likely to get regular exercise. They are also more civically engaged – they are
<a href="http://www.aplu.org/projects-and-initiatives/college-costs-tuition-and-financial-aid/publicuvalues/societal-benefits.html" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">more likely to volunteer and to vote</span></b></a>. Perhaps because these trends create “spillover effects” of wealth in a community, research has even found that an increase of the supply of college graduates
<a href="http://okpolicy.org/abcs-oklahomas-promise/"><b><span style="color:#2F507F;text-decoration:none">also raises wages for high school drop-outs and those with only a high school degree</span></b></a>.<o:p></o:p></span></p>
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<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">Unfortunately, Oklahoma is missing out on those benefits compared to most other states. In Oklahoma, only
<a href="https://factfinder.census.gov/bkmk/table/1.0/en/ACS/15_5YR/S1501/0400000US40" target="_blank">
<b><span style="color:#2F507F;text-decoration:none">24 percent of adults age 25 and older have a bachelor’s degree or higher</span></b></a> – 41 states have a higher percentage of college grads than we do.<o:p></o:p></span></p>
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<span style="font-size:13.0pt;font-family:"Source Sans Pro";color:#212121">We can do better. Allowing more students to receive Oklahoma’s Promise will pay off for all of us.<o:p></o:p></span></p>
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<p class="MsoNormal">Bryce Fair<o:p></o:p></p>
<p class="MsoNormal">Associate Vice Chancellor for Scholarships & Grants<o:p></o:p></p>
<p class="MsoNormal">Oklahoma State Regents for Higher Education<o:p></o:p></p>
<p class="MsoNormal">P.O. Box 108850<o:p></o:p></p>
<p class="MsoNormal">Oklahoma City, OK 73101-8850<o:p></o:p></p>
<p class="MsoNormal">Phone: 405-225-9162<o:p></o:p></p>
<p class="MsoNormal">Email: <a href="mailto:bfair@osrhe.edu">bfair@osrhe.edu</a><o:p></o:p></p>
<p class="MsoNormal">Fax: 405-225-9230<o:p></o:p></p>
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