[Oasfaa] 2022-2023 OTAG Allocations

[Magee, Irala]

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Good morning!

At their May 27th meeting, the Oklahoma State Regents for Higher Education approved an allocation of $17 million for the Oklahoma Tuition Aid Grant (OTAG) program in 2022-2023. The attached spreadsheet shows the 2022-2023 allocations to each institution participating in OTAG.  The $17 million for 2022-2023 compares to about $16.3 million in actual expenditures for OTAG in 2019-2020 (the year for which actual OTAG expenditures were used to calculate the % allocations for the 2022-2023 funding).

We are currently updating the OTAG forms and information on the OSRHE Financial Aid Resources for institutions site: http://www.okhighered.org/admin-fac/finaidresources/. The 2022-2023 OTAG Award Claim Form template, along with full instructions for completing the claim, will be available soon.

Following are links to two important reference items.

  *   A copy of the September 9, 2021 agenda item describing the changes approved by the State Regents and the methodology for allocating the 2022-23 funds - https://www.okhighered.org/admin-fac/finaidresources/docs/OTAG-agenda-item-9-21.pdf.
  *   A copy of the PowerPoint presentation from the December 3, 2021 OTAG zoom workshop with more information about the changes - https://www.okhighered.org/admin-fac/finaidresources/docs/OTAG-changes-2022-23.pdf.

Please remember the primary student eligibility criteria: Oklahoma residents, Pell eligible (receiving Pell for the current payment period), and undergraduate students with sufficient need.  Other awarding priorities include students with the most unmet financial need, students enrolled in programs meeting high-demand employment needs, students nearest to completing a degree or certificate, students who have remained continuously enrolled, etc.

Do not forget that the allocations are annual and we recommend that you award and claim roughly half each semester (fall/spring). You can also choose to award OTAG for a summer trailer semester if you underspend or reserve some of your allocation for that purpose. If you choose to award summer OTAG, please remember we must have all summer claims submitted before June 30, 2023.

It is important to claim your full allocation by June 30, 2023, as any remaining monies will not carry over into your 2023-2024 allocation.

Please contact me if you have questions, or if I can be of assistance to you regarding the awarding of OTAG funds to your eligible students.

Irala K. Magee
Assistant Vice Chancellor for Scholarships and Grants
Oklahoma State Regents for Higher Education
P.O. Box 108850
Oklahoma City, OK  73101-8850
Phone: (405) 225-9378
Fax: (405) 225-9392

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