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2010 MASFAA Conference Mississippi Office of Student Financial Aid: State Aid Update June 18, 2010

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

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2010 MASFAA Conference Mississippi Office of Student Financial Aid: State Aid Update June 18, 2010

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  1. 2010 MASFAA ConferenceMississippi Office of Student Financial Aid:State Aid UpdateJune 18, 2010

  2. 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

  3. 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)

  4. 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

  5. Effect of Budget Cuts • No need to pro-rate MTAG! • Potential negative effects offset by two factors: • Budgeted conservatively in anticipation of cuts • Did not award loan/scholarships to all eligible students (saved money for spring MTAG) • Cut administrative budget • MTAG awards down 3,411 or $1.6 million

  6. 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!

  7. 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.

  8. 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

  9. 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.

  10. 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

  11. 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

  12. What is State Financial Aid? • Grants • Loan/Scholarships

  13. 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)

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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

  23. 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

  24. 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).

  25. 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

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