UPDATES AND REMINDERS

1. 2011 MASFAA Fall TrainingMississippi Office of Student Financial Aid:State Aid UpdateOctober 12, 2011

2. UPDATES ANDREMINDERS

3. FAFSA – State Application Interface • Testing: November 2011 • Go Live: January 1, 2012

4. 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

5. 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

6. 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.

7. Awards Comparison

8. Farewell LEAP • No federal funding for LEAP for FY12 • No state funding for LEAP for FY12

9. 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

10. Program Change • Veterinary Medicine Minority Loan/Scholarship • Affects MSU only • Increase award amount from $6,000 to full tuition

11. 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.

12. 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

13. 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

14. 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

15. Reminder: Deadlines

16. Common questions

17. 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

18. 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

19. 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.

20. 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

21. 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

22. Questions?