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State Aid Update

State Aid Update. MASFAA Annual Conference Pearl River Resort, Philadelphia, Mississippi June 19 – 21, 2019. Updates . Budget News Logo/Brand/Website MAAPP. FY 2019 SFA Appropriation. FY 2020 SFA Appropriation – SB 3007. -15.8%. FY 2020 Allocation.

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State Aid Update

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  1. State Aid Update MASFAA Annual Conference Pearl River Resort, Philadelphia, Mississippi June 19 – 21, 2019

  2. Updates Budget News Logo/Brand/Website MAAPP

  3. FY 2019 SFA Appropriation

  4. FY 2020 SFA Appropriation – SB 3007 -15.8%

  5. FY 2020 Allocation General Fund Deficit Appropriation Needed

  6. New Website:www.msfinancialaid.org New Logo/Brand:

  7. Coming Soon! • MAAPP Dashboard – September 16 • 2020-2021 MAAPP – October 1

  8. MAAPP – Submit New Application

  9. MAAPP – Dashboard Login (All Users)

  10. MAAPP – Account Request (New Users)

  11. MAAPP – Student Dashboard

  12. MAAPP – Student Dashboard

  13. MAAPP – Student Dashboard

  14. MAAPP – FAA Dashboard • Look up student information • Update student information • Generate student information reports w/ filters • Completed MAAPP (Application Status Check) • Missing Documents • Need grade verification • Need enrollment verification • Link to document share portal • Award history check

  15. State Aid Redesign Getting the right amount of aid… to the right people… at the right time

  16. State Aid Redesign Study Committee • Meeting One - October 8, 2018: • Introductory SFA Presentation • Review Lifetracks Study Results • Education Commission of the States Presentation • Meeting Two – October 31, 2018 • SFA Presentation on Loans • Nursing Director Presentation • Financial Aid Director Presentation • Woodward-Hines/Get2CollegeCollege Presentation • Meeting Three – November 26, 2018 • Summary SFA Presentation/Ideas for Consideration • Meeting Four – January 10, 2019: • SFA Final Recommendations/Affordability Model www.msfinancialaid.org/redesign

  17. Study Committee Outcomes • Collect additional aid data (no legislation required) • Develop affordability model (in progress) • Discontinue funding for some loans: DENT, HCP, MED, PMGT, STSC, and SWOR (passed in appropriation bill) • Move application deadlines (Postsecondary Board did not approve due to funding shortfall) • Require FAFSA (legislation did not pass) • Expand HELP with scaled awards (legislation did not pass) • Budget deficit increasing (will need $4 million deficit)

  18. Open Forum Needs, Requests, and Questions

  19. Thank you! MASFAA would like to thank our vendors for their support. Please visit them and let them know how much we appreciate them.

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