Transcript Main Title Here

MASFAA 2013 Annual Conference
Mississippi Office of
Student Financial Aid:
State Aid Update
Thursday, May 23, 2012
Updates
• FAFSA-State API: Usage Results
– Of 242,540 FAFSAs, 42,446 (18%) utilized state
API
– Of 62,978 state applications submitted online,
10,779 (17%) submitted through API
– Average 2.5% annual increase in apps before API;
9% increase in apps first year; 7% second year
• New Postsecondary Board Member
– Postsecondary Board authorizes MTAG & MESG
– No appointment made yet by Governor Bryant
– Term: May 1, 2013 - April 30, 2017
Updates
• State Policies & Procedures Manual
– General Administration Rules and
Regulations approved by IHL Board in May
– Subject to APA process
– P&P Manual will be published online after
completion of APA process
Updates
• All Loan/Scholarship Rules and
Regulations updated by IHL Board
– Created consistent language and terminology
– Clarified repayment terms and
deferment/cancellation options
– Undergoing APA process
• Loan Repayment Specialist Hired
– Respond to questions related to repayment
– Counsel students on repayment of state loans
– Implement default prevention practices
2013 Legislative Session
• Tracked more than 40 bills
• Session focused on education
• HELP Core Curriculum Changed (HB 425):
– Still requires 17-1/2 units:
15-1/2 units from the required IHL CPC
+ 1 unit of art (any MDE-approved course in the 500
series)
+ 1 advanced elective (MAY include Foreign Language
II)
2013 Legislative Session
• Critical Needs Dyslexia Therapy
Loan/Scholarship (CNDT) Updated (HB 672):
– Annual awards increased from 10 to 20 per
cohort
– Language requiring specific appropriation
removed
– Awards will be made in 2013-14
2013 Legislative Session
• Teacher Education Scholars Loan/Scholarship
Program (TES) Created (SB 2658):
–
–
–
–
Element of Governor’s “Education Works” Agenda
$1.5 million appropriated for awards in 2013-14
Award Amount: $15,000 annually for up to four years
Eligibility Requirements:
• 28 ACT; 3.5 GPA
• Must enroll in four-year college or university
• May receive as freshman
– Repayment Obligation:
• Teach in MS public schools for five full years
• No partial service/cancellation allowed
2013 Legislative Session
• Deficit Appropriation for FY 2013 (HB 19)
– Additional spending authority of $2,000,000
– Spend from collections (reserves)
– Not new money or General Fund money
• Annual Appropriation for FY 2014 (SB 2853)
General Funds
Spending Authority
TOTAL
$36.3 million
$ 1.5 million
$37.8 million
2013 Legislative Session
• Failed Legislation – HB 818
– Combine state aid code from 8 sections into 1
– Expand the size and function of the
Postsecondary Board
– Centralize authority for all state aid programs
under the Postsecondary Board
– Streamline administration
• Will seek support again in 2014
Report on FY 2013 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
• Requested/received deficit appropriation
FY 2013 Budget
Revenues
Expenses
Awards and
Administration
$ 33,191,546.00 $ (3,612,738.00)
Direct from
Collections
$
- $
3,100,000.00
Direct from
Caryover
$
- $
-
$
750,000.00 $
-
$
172,436.00 $
1,827,564.00
$
20,250.00 $
(20,250.00)
35,428,808.00 Total Expenses $ 34,134,232.00 $
1,294,576.00
General Funds
$
29,578,808.00
Spending
Authority (from
collections)
$
3,100,000.00
Carryover Treasury Fund
$
Ayers
$
Add'l Spending
Authority
$
-
750,000.00 SUMD
2,000,000.00 NISS & GUMS
CGSA
Total Revenues
$
Balance
2013-14 Awards
• Applications for HELP are up again
• Plan to award all eligible applicants
• Will begin making awards as Spring grade
files are processed
• Submit Spring grade files ASAP!
MOSFA Staff
800-327-2980 OR 601-432-6997
•
Jennifer Rogers, Director – [email protected]
– Programs: GEAR UP, Youth Advisory Board ,
•
Meg Harris, Assistant Director – [email protected]
– Programs: William Winter, Counselor and School Administrator, and Graduate
Teacher, Nursing Programs (N-Z)
•
Beverly Jackson, Senior Systems Analyst – [email protected]
– Handles all reports (grade, enrollment, balancing) and rosters (disbursement, award,
etc.)
•
Babs McAlpin, Program Administrator – [email protected]
– Programs: HELP, Nissan, Graduate and Professional Degrees, State Medical, State
Dental, and Summer Development, SREB Regional Contract Program, Vet Med,
Health Care Professions, Law/Fire, Doctoral Scholars, Gulf Coast Research Lab
Intern, and Public Management Graduate Intern
•
Apryll Washington, Program Administrator – [email protected]
– Programs: Critical Needs, MS Teacher Loan Repayment, Nursing Programs (A-M)
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•
•
•
Anitra Bender, Loan Repayment Specialist – [email protected]
Renetta Bell, Systems Analyst – [email protected]
Renotta Jones, Administrative Assistant – [email protected]
Shirley Mitchell, Secretary/Receptionist – [email protected]
Questions?