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Updates

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

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Updates

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  1. MASFAA 2013 Annual ConferenceMississippi Office of Student Financial Aid:State Aid UpdateThursday, May 23, 2012

  2. 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

  3. 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

  4. 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

  5. 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)

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. FY 2013 Budget

  12. 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!

  13. 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

  14. Questions?

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