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 $36.3 million

Spending Authority $ 1.5 million

TOTAL $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 BudgetRevenues Expenses Balance

General Funds $ 29,578,808.00 Awards and Administration $ 33,191,546.00 $ (3,612,738.00)

Spending Authority (from collections)

$ 3,100,000.00 Direct from Collections

$ - $ 3,100,000.00

Carryover - Treasury Fund $ - Direct from

Caryover $ -

$ -

Ayers $ 750,000.00 SUMD $ 750,000.00 $ -

Add'l Spending Authority $ 2,000,000.00 NISS & GUMS $ 172,436.00 $ 1,827,564.00

    CGSA $ 20,250.00 $ (20,250.00)

Total Revenues $ 35,428,808.00 Total Expenses $ 34,134,232.00 $ 1,294,576.00

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 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, Nursing Programs (N-Z)• Beverly Jackson, Senior Systems Analyst – bjackson@mississippi.edu

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

• Babs McAlpin, Program Administrator – bmcalpin@mississippi.edu – 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 – awashington@mississippi.edu – Programs: Critical Needs, MS Teacher Loan Repayment, Nursing Programs (A-M)

• Anitra Bender, Loan Repayment Specialist – abender@mississippi.edu • Renetta Bell, Systems Analyst – rbell@mississippi.edu • Renotta Jones, Administrative Assistant – rjones@mississippi.edu • Shirley Mitchell, Secretary/Receptionist – smitchell@mississippi.edu

Questions?