2011 MASFAA Fall Training

Mississippi Office of Student Financial Aid:

State Aid Update

October 12, 2011

UPDATES AND

REMINDERS

FAFSA – State Application Interface

• Testing: November 2011

• Go Live: January 1, 2012

Policies & Procedures Manual

• Draft available; seeking feedback• Approvals:

– Post-Secondary Board: December 2011– IHL Board: January 2011

• Content:– Statutory authority for administration– MOSFA, institution, and student duties/responsibilities– Program funding/budgeting process– Application process/Determining student eligibility – Award offer/Disbursement processes– Repayment of loan/scholarships– Program Rules & Regulations

FY 2011 Budget

• Awarded all eligible applicants in all programs

• Exceeded general funds appropriated; used special funds from collection of repayment of loan/scholarships to fund balance

REVENUES  

General Funds $ 26,915,820

Carryover - Treasury Fund $ 923,225

LEAP $ 286,315

Critical Needs Fund $ 530,237

Collections $ -

TOTAL Revenues $ 28,655,597

EXPENSES  

Awards $ 27,734,605

Admin $ 920,992

TOTAL Expenses $ 28,655,597

FY 2012 Budget

• Awarded all eligible applicants in all programs

• Will exceed general funds and will expend all funds in special funds

• Will request deficit appropriation of approximately $750,000.

REVENUES  

General Funds $ 26,878,808

Carryover - Treasury Fund $ -

Critical Needs Fund $ 2,023,443

Collections $ 2,176,886

TOTAL Revenues $ 31,079,137

EXPENSES  

Awards $ 31,275,465

Admin $ 960,000

TOTAL Expenses $ 32,235,465

BALANCE  

With All Revenue $ (1,156,328)

Awards ComparisonFY 2011 FY 2012

Program Name Awards Total Amount Awards Total Amount

MTAG 23,089 $ 14,016,722 22,014 $ 13,406,526

MESG 2,012 $ 4,810,293 2,074 $ 5,092,093

HELP 313 $ 1,533,711 647 $ 3,253,663

All Undergraduate Grants 26,773 $ 21,483,991 24,760 $ 21,960,950

Graduate Grants 7 $ 19,200 6 $ 34,000

Total Grants 26,780 $ 21,503,191 24,766 $ 21,994,950

CNTP 150 $ 1,848,604 174 $ 2,293,046

WWTS 454 $ 1,626,334 667 $ 2,505,329

NELB 226 $ 762,070 355 $ 1,354,388

Undergraduate Ln/Schols 1,021 $ 4,843,204 1,525 $ 7,243,519

Graduate Ln/Schols 277 $ 1,388,210 313 $ 2,036,996

Total Ln/Schols 1,298 $ 6,231,414 1,838 $ 9,280,515

TOTAL STATE AID 28,078 $ 27,734,605 26,604 $ 31,275,465

Farewell LEAP

• No federal funding for LEAP for FY12

• No state funding for LEAP for FY12

New Program

• Family Protection Specialist Social Worker Loan/Scholarship Program– Students MUST be employed by DHS as

Family Protection Worker I or II– Licensed Social Worker (Bachelor)– Licensed Master Social Worker (Masters)– Must work 3 years as Family Protection

Specialist (or higher) for DHS upon licensure

Program Change

• Veterinary Medicine Minority Loan/Scholarship – Affects MSU only– Increase award amount from $6,000 to full

tuition

Summer Disbursement for Nursing Education L/S

• Applies to: ASU, DSU, MC, MUW, UMMC, USM, and WCU

• Previously planning to award based on whether summer term required.

• Now planning to award based on application.

Enrollment Report for Nursing Students

• Applies to: ASU, DSU, MC, MUW, UMMC, USM, and WCU

• Report # of hours AND enrollment status (FT, PT, HT, QT) for nursing students

• Rationale: – Nursing students can be part-time– Various programs (particularly grad programs)

have widely varying definitions of part-time, making it very difficult for us to program for all possibilities

Graduation Date on Grade Report

• Required for 4-year institutions

• Add graduation date to Grade Report

• Character - Left justified. Format as ‘DD-MON-CCYY’. Example 13-DEC-2001

• Community colleges can have place-holder

• Rationale: – Improve data integrity for determining

separation dates for loan/scholarship recipients

Loan Servicing Change

• ACS: Old servicer

• ECSI: New servicer

• July 1: Conversion date

• Loan servicer manages ALL loan/scholarship accounts after exit

• Electronic entrance counseling, contracts/rules & regs, and exit counseling

Reminder: Deadlines

COMMON QUESTIONS

Where Is Our Money???• Students complete application; deemed eligible• Student receives award offer notification; school

sees student on Award Report• School submits Enrollment Verification Report• MOSFA processes Enrollment Verification Report• MOSFA requests money from IHL, which

requests money from DFA • DFA sends money to IHL, which sends money to

schools• MOSFA posts Disbursement Reports

Changes to Enrollment Status

• If a student’s status changes to full-time after you have submitted the Enrollment Verification Report, you may submit Enrollment Verification for student

• School bears responsibility of verifying enrollment

Returning Funds

• Policy– If student drops below full-time status AFTER

receives money, student keeps money for term and student loses for next term

– If student drops below full-time status BEFORE receives money, money returned for term and student loses for current term AND next term.

Full-time Enrollment

• 12 semester hours/9 trimester hours

• Only courses listed as “undergraduate” in course catalog accepted

• Courses must be term bound - some independent study or correspondence courses are not accepted

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• Beverly Jackson, Senior Systems Analyst – bjackson@mississippi.edu

– Handles all reports (grade, enrollment, balancing) and rosters (disbursement, award, etc.)

• Stephanie Green, Program Administrator – sgreen@mississippi.edu – 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

• 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• Wayne Carlisle, Systems Analyst – wcarlisle@mississippi.edu • Renotta Jones, Administrative Assistant – rjones@mississippi.edu • Shirley Mitchell, Secretary/Receptionist – smitchell@mississippi.edu

Questions?