PHEAA releases 2018 annual reports for PA Targeted Industry (PA-TIP), Ready to Succeed Scholarship (RTSS), and Act 101 Programs

PHEAA recently released the 2018 annual reports for the Pennsylvania Targeted Industry Program (PA-TIP), the Ready to Succeed Scholarship (RTSS) Program, and the Act 101 Program.   

“PHEAA provides this accounting of legislatively-created programs so government leaders and taxpayers can have a better understanding of how our financial resources are being used to support Pennsylvania students,” said Representative Mike Peifer, PHEAA Board Chairman . “The agency uses its business earnings, not tax dollars, to cover the administrative costs of the programs to ensure that every program dollar will directly benefit students throughout the Commonwealth.”

PA-TIP is a PHEAA-funded program that prepares Pennsylvania students with the advanced and  in-demand skills needed by many of today’s employers – specifically through courses of study in energy, advanced materials and diversified manufacturing, and agriculture and food production. 

PA-TIP programs of study are typically less than 2 years in length and do not qualify for the PA State Grant Program. Since the program’s inception, PHEAA has provided PA-TIP awards to nearly 8,500 students and nearly 75 percent of all PA-TIP recipients graduated from their program of study.  https://www.pheaa.org/funding-opportunities/pa-tip/pdf/annual-report.pdf.

The RTSS Program provides state-funded awards of up to $2,000 to high-achieving students whose annual family income does not exceed $110,000. Students must be nominated by their postsecondary institution for participation. In 2017-18, 3,117 students were awarded nearly $4.95 million in RTSS awards.  The 2018 RTSS Annual Report can be accessed at https://www.pheaa.org/partner-access/rtss/pdf/RTSS-annual-report.pdf.

The Act 101 Program is a state-funded program which allocates funds to Pennsylvania schools that are used to provide services to academically and financially disadvantaged students to assist them in their efforts to successfully complete postsecondary studies. The Act 101 Program served 3,867 students in 2017-18.  This is an increase from the 3,766 students served in 2016-17.   The 2018 Act 101 Annual Report can be accessed at https://www.pheaa.org/partner-access/schools/pdf/act-101/act-101-program-summary.pdf.

“Pennsylvania has a large and diverse population of college students who have financial aid needs that are as unique as they are,” said Senator Wayne Fontana, PHEAA Board Vice Chairman.  “These programs compliment the Commonwealth’s larger, need-based PA State Grant Program to provide the assistance needed to support Pennsylvania families regardless of their circumstances.”

For more information on these programs and other financial aid opportunities, including tips, deadlines, and free financial aid workshops, visit PHEAA.org or follow the agency on Facebook at facebook.com/pheaa.aid. You can also watch helpful financial aid planning videos at youtube.com/PHEAAStudentAid.