2010 MASFAA Conference

Mississippi Office of Student Financial Aid:

State Aid Update

June 18, 2010

What a year!• June 2009 – Former Director, Sr. Systems Analyst, &

Program Administrator retire or resign• June 30, 2009 – Receive FY 2010 Appropriation • July 2009 – New Director begins; set program budgets• August 2009 – Post initial award reports• September 2009 – Summer awards requested• September-October 2009 – Fall awards requested• February 2010 – New program administrator hired• January-March 2010 – Receive 3 budget reductions• February-March 2010 – Spring awards requested• March 2010 – Publish 09 Annual Report; Baby Rogers

arrives!• May 2010 – Receive FY 2011 Appropriation• June 2010– Spring awards for CSA and GTS requested;

set 2010-2011 program budgets

Report on FY 2010 Budget

• Original SFA Budget:– General Funds: $30.2 M– Treasury Funds: $1.67 M– Other Funds (Spending Authority): $1.1 M– TOTAL: $32.97 M

• Five Gubernatorial Budget Reductions:– First and second reductions: No cut to SFA– Third reduction: -8.193% ($2.47 M)– Fourth reduction: -0.471% ($142,000) – Fifth reduction: -0.338% ($102,000) – TOTAL CUTS: -9.052% ($2.86 M)

Report on FY 2010 Budget

• Final SFA Budget:– General Funds: $27.3 M– Treasury Funds: $1.67 M– Other Funds (Spending Authority): $1.1 M– TOTAL BUDGET: $30.1 M

Effect of Budget Cuts

• No need to pro-rate MTAG!

• Potential negative effects offset by two factors:

1. Budgeted conservatively in anticipation of cuts• Did not award loan/scholarships to all eligible

students (saved money for spring MTAG)• Cut administrative budget

2. MTAG awards down 3,411 or $1.6 million

2010 State Legislative Session

• No new legislation passed (no new programs established, no changes to existing programs)

• SFA Appropriation Bill for FY 2011: SB 3126– General Funds: $26.9 M (Down $3.3 M from FY10)– Treasury Funds: $1.0 M (Down $670,000 from FY10)– Spending Authority: $4.7 M from Critical Needs

collections, grants, interest, federal funds, etc. (UP $3.6 M from FY10)

– Total budget/spending authority: $32.6 • Down $400,00 from original FY2010• UP $2.5 M from actual FY2010!

What Does That Mean for 2010-2011 Awards?

• Plan to award ALL eligible students for ALL aid programs

• Awarding will begin mid-June

• Money will be requested as soon as enrollment files are received.

Reminders

• Submit your LEAP tuition and fees information document – DUE June 30!

• Submit enrollment files 11th day of fall classes. (We will disburse to schools in the order in which we receive files.)

• Submit grade files on 5th business day following each term.

• Tell students to visit www.mississippi.edu/financialaid

www.RiseUpMS.com

• Online college prep and career planning

• Encourage students to check it out, because success doesn’t just happen…there are steps students need to take - NOW.

What’s on RiseUpMS.com?

• Info to help students “Get Ready” for college

• Interactive tools

• Help with the admissions process

• The STATE AID homepage:– www.mississippi.edu/financialaid

State Financial Aid Website

• Facts about ALL state student financial aid

• Check history of state financial aid

• Check award status

• Check for missing documents

• Answers to frequently asked questions

What is State Financial Aid?

• Grants

• Loan/Scholarships

State Grants

• Mississippi Resident Tuition Assistance Grant (MTAG)

• Mississippi Eminent Scholars Grant (MESG)• Higher Education Legislative Plan for Needy

Students (HELP)• NISSAN Scholarship• Summer Development Program Grant• Law Enforcement Officers/Firemen (LAW)• Leveraging Educational Assistance Partnerships

(LEAP)

Mississippi Resident Tuition Assistance Grant (MTAG)

• 2.50 GPA (on a 4.0 scale)• 15 ACT or 720 SAT• NOT full Pell-eligible• Enrolled full-time at eligible Mississippi institution• AWARD:

– Up to $500 as a freshman/sophomore– Up to $1,000 as a junior/senior

Mississippi Eminent Scholars Grant (MESG)

• 3.5 GPA (on 4.0 scale)• 29 ACT or 1280 SAT or finalist/semi-finalist

National Merit or National Achievement Program• CAN be full-Pell• Enrolled full-time at eligible Mississippi institution• AWARD: Up to $2500/year

Higher Educational Legislative Plan for Needy Students (HELP)

• Mississippi resident 2 years prior to application• 2.5 GPA (on 4.0 scale)• 20 ACT• Specific high school Core Curriculum (certified by

counselor) • 2-year avg. AGI of $36,500• Complete the FAFSA• AWARD: Tuition at eligible 2- or 4-year public

institutions or amount of public education at certain private institutions

Summer Developmental Program Grant

• Be accepted into the Summer Developmental Program at one of the state’s public universities

• Complete FAFSA - demonstrate financial need

• AWARD: Tuition for the Summer Developmental Program

Other Undergraduate Grants

• Nissan– Award: Tuition, required fees, book allowance

• Law Enforcement Officers/Firemen– Award: Tuition and room (housing)

• LEAP– Partnership between state and federal government– Administered by institutions– Award: Varies

Undergraduate Loan/Scholarships

• Teachers:– William Winter Teacher Loan/Scholarship

• Award: $4,000/year for juniors and seniors

– Critical Needs Teacher Loan/Scholarship• Award: Tuition, room, and board for juniors and

seniors

Undergraduate Loan/Scholarships

• Health Care/Social Work:– Nursing Education Loan/Scholarship (BSN and RN-

BSN)• Award: $4,000/year for juniors and seniors

– Health Care Professions Loan/Scholarship (speech pathology and psychology)

• Award: $1500/year for juniors and seniors

– Family Protection Specialist Social Worker Loan/Scholarship

• Award: Tuition and required fees for juniors and seniors

Graduate Loan/Scholarships

• Teachers/Education:– Graduate Teacher Loan/Scholarship

• Award: $125/hour (up to 12 hours per term)

– Counselor and School Administration Loan/Scholarship

• Award: $125/hour (up to 12 hours per term)

– SREB Doctoral Scholars Program• Award: $23,000/year

– Public Management Graduate Intern• Award: varies

Graduate Loan/Scholarships

• Health Care:– SREB Regional Contract Program (Out-of-state

Osteopathic Medicine and Optometry)– Graduate and Professional Degree Program (Out-of-

state Chiropractic Medicine)– Nursing Education Loan/Scholarship (Masters, Ph.D.,

DNP)– Nursing Teacher Stipend– State Dental Education Loan/Scholarship– State Medical Education Loan/ Scholarship– Veterinary Medicine Minority Loan/Scholarship

How to Get State Financial Aid:

• Apply online: www.mississippi.edu/financialaid

• Application Dates:– Jan. 1 – March 1: Nissan– Jan. 1 – March 31: HELP and ALL

loan/scholarships– Jan. 1 – July 21: Summer Development– Jan. 1 – Sept. 15: MTAG/MESG– Rolling: LAW

Report on SFA Staffing Changes

• Promoted Meg Harris to Assistant Director of Student Financial Aid

• Hired Apryll Washington as Program Administrator for Critical Needs and Mississippi Teacher Loan Repayment programs

• Reduced size of secretarial/reception staff from three (3) to two (2).

MOSFA Staff800-327-2980 OR 601-432-6997

• Jennifer Rogers, Director – jrogers@mississippi.edu– Programs: GEAR UP, Youth Advisory Board

• Meg Harris, Assistant Director – mharris@mississippi.edu – Programs: William Winter, Counselor and School Administrator, and Graduate

Teacher• Babs McAlpin, Program Administrator – bmcalpin@mississippi.edu

– Programs: HELP, Nissan, Graduate and Professional Degrees, State Medical, State Dental, and Summer Development

• Apryll Washington, Program Administrator – awashington@mississippi.edu – Programs: Critical Needs, MS Teacher Loan Repayment

• Vacant, Program Administrator – Programs: Nursing Education, Nursing Teacher Stipend, SREB Regional Contract

Program, Vet Med, Health Care Professions, Law/Fire, Doctoral Scholars, Gulf Coast Research Lab Intern, and Public Management Graduate Intern

• Beverly Jackson, Senior Systems Analyst – bjackson@mississippi.edu • Wayne Carlisle, Systems Analyst – wcarlisle@mississippi.edu • Stephanie Green, Office Manager – sgreen@mississippi.edu • Shirley Mitchell, Secretary/Receptionist – smitchell@mississippi.edu