2011 Annual Report of the State-Supported Student Financial Aid Programs

Transcription

1 A Report to the Mississippi Legislature 2011 Annual Report of the StateSupported Student Financial Aid Programs July 1, 2010 through June 30, 2011 Board of Trustees of State Institutions of Higher Learning Mississippi Office of Student Financial Aid

2 Table of Contents Executive Summary 1 Mission 1 Funding for the Aid Year 1 Overview of Awards 1 Funding Disparities 1 Distribution of Aid by Institution Type 1 Distribution of Aid by Award Type 2 Distribution of Aid by Classification 2 Distribution of Loan/Scholarships by Classification 2 Distribution of Loan/Scholarships by Shortage Area 2 Distribution of Undergraduate Loan/Scholarships by Shortage Area 3 Distribution of Graduate Loan/Scholarships by Shortage Area 3 Repayment of Loan/Scholarships 3 Paid in Full Accounts 3 Revenue Collected 3 StateSupported Student Financial Aid Awards by Institution 4 StateSupported Award Recipients and Amounts by County 6 StateSupported Student Financial Aid Programs 7 Programs Funded through Alternate Sources 7 Summary Detail 9 5Year History of State Support and Other Funding 9 5Year History of Awards, Amounts, and Average Award Amounts 10 Detail of Funding Disparities 11 5Year History of Awards and Amounts by Program 12 Programs by Institution Type 15 Accounts in Repayment 16 Accounts Paid in Full 17 Summary of Accounts in Repayment by 18 Revenue Collected 20 Undergraduate Grant Programs 21 Mississippi Resident Tuition Assistance Grant (MTAG) 21 Mississippi Eminent Scholars Grant (MESG) 25 Higher Education Legislative Plan for Needy Students (HELP) 29 Leveraging Educational Assistance Partnership (LEAP) 33 Law Enforcement Officers and Firemen Scholarship (LAW) 37 Graduate Grant Programs 39 Public Management Graduate Internship Program (PMGT) 39 Undergraduate Loan/Scholarship Programs 41 Teachers 41 Critical Needs Alternate Route Teacher Loan/Scholarship (CNAR) 41 Critical Needs Teacher Loan/Scholarship (CNTP) 45 Mississippi Teacher Loan Repayment Program (MTLR) 49 William Winter Alternate Route Teacher Loan/Scholarship (WWAR) 53 Table of Contents i

3 William Winter Teacher Loan/Scholarship (WWTS) 57 Medical 63 Nursing Education Loan/Scholarship Bachelor's (NELB) 63 Nursing Education Loan/Scholarship RN to BSN (NELR) 67 Undergraduate/Graduate Loan/Scholarship Programs 71 Medical 71 Health Care Professions Loan/Scholarship Undergraduate and Graduate (HCP) 71 Graduate Loan/Scholarship Programs 75 Teachers 75 Counseling and School Administration Loan/Scholarship (CSA) 75 Graduate Teacher Loan/Scholarship (GTS) 79 SREB Doctoral Scholars Loan/Scholarship (SDSP) 83 Medical 87 Nursing Education Loan/Scholarship Master's (NELM) 87 Nursing Education Loan/Scholarship Ph.D./DNP (NELP) 91 Nursing Teacher Stipend (NTSP) 95 State Dental Education Loan/Scholarship (DENT) 99 State Medical Education Loan/Scholarship (MED) 103 SREB Regional Contract Program Osteopathic Medicine and Optometry (SREB) 107 Graduate and Professional Degree Loan/Scholarship Chiropractic Medicine (STSC) 111 Veterinary Medicine Minority Loan/Scholarship (VMMP) 115 Inactive Loan/Scholarship Programs 119 AfricanAmerican Doctoral Teacher Loan/Scholarship (AADT) 119 Critical Area Teacher Education Loan/Scholarship (CATE) 120 Federal Insured Student Loan (FISL) 121 Family Medical Education Loan/Scholarship (FMEP) 122 Family Medicine Loan Repayment Program (FMLR) 123 Nursing Education Loan/Scholarship (NELS) 124 Paul Douglas Teacher Scholar Program (PDTS) 125 Regular MathScience Loan/Scholarship (RMS) 126 Programs Funded through Alternate Sources 127 College Goal Sunday Awards (CGSA) 127 GEAR UP Mississippi Scholarship (GUMS) 128 Nissan Scholarship (NISS) 129 Summer Developmental Program Grant (SUMD) 130 Table of Contents ii

4 Executive Summary The Mississippi Office of Student Financial Aid (the Office) is the administering agency for all statefunded student financial aid programs with the exception of the Leveraging Education Assistance Partnership (LEAP) Grant program, which is administered jointly by the Office and the Mississippi higher education institutions. The Office also administers a number of other financial aid programs, which are funded through alternate sources. Mission The Office is guided by a twofold public service mission to provide financial assistance to students in pursuit of educational and professional goals and to help the state fulfill critical needs in specific service areas and achieve the goal of a more educated citizenry. The Office seeks to build public awareness of the diverse financial resources available through ongoing communication with individuals, colleges and universities, secondary schools, governing boards, legislators, communities, and other constituency groups. Funding for the Aid Year For the Aid Year, the Office received an initial appropriation of $26.9 million (General Funds) and up to $1.2 million (Special Funds) in carryover dollars from previous aid years. Of the $1.2 million appropriated, only $0.9 million was available for carryover by the start of the fiscal year. Therefore, the funds available to the Office from state sources decreased by $1.17 million or 4.03% from the previous year. The Legislature gave the Office authority to spend up to $2.28 million from other funds (Federal grants, investment interest income, collection revenues, etc.), up to $2.98 million from the Critical Needs fund, and $750,000 was available from the Ayers Settlement. Therefore, the total available to the Office for awards and administration was $34.3 million. This represents an increase of 5.58% over the previous year. Overview of Awards The Office awarded 28,664 awards, totaling $29,041,046 to students during the Aid Year. A total of 28,301 awards, totaling $27,689,625 was awarded to students through twentysix (26) statesupported student financial aid programs. An additional $1,351,421 was awarded to students in 363 awards through four (4) award programs funded through alternate sources. Some students received assistance through more than one program. The average award for statesupported student financial aid programs for the Aid Year was $978.40, an increase of 0.69%. Funding Disparities Due to the availability of state support, some student financial aid programs cannot be fully funded each year. For such programs, money is awarded on a firstcome, firstserved basis until funds have been exhausted. For the Aid Year, all eligible applicants in all programs received funding. No funding disparity existed during the fiscal year. Distribution of Aid by Institution Type (StateSupported Programs Only) The Office awards financial aid to students at private and public fouryear colleges and universities and to students at public twoyear colleges. Aid is awarded to students attending outofstate institutions when the program of study is not available to the student in Mississippi. Mississippi also repays undergraduate student loans for teachers working in critical teacher shortage areas of the state. 2% 2% Institution Type Awards Amount 14% 13% 4Year Private 3,037 $ 3,704,646 4Year Public 16,425 $ 19,095,983 2Year Public 8,635 $ 3,803,749 OutofState 51 $ 638,102 69% Loan Servicers 153 $ 447,145 28,301 $ 27,689,625 Executive Summary 1

5 Executive Summary Distribution of Aid by Award Type (StateSupported Programs Only) Grants and loan/scholarships are the two primary forms of statesupported student financial aid. Grants are awards that do not have to be repaid. Loan/Scholarships are awards that may be repaid over time with interest or may be repaid with service. When repaid with service, such loans convert to an interestfree scholarship. Of all statesupported student financial aid awarded in the Aid Year, grants made up 78% and loan/scholarships made up the other 22%. Awards Amount 22% Grants 26,999 $ 21,466,749 Loan/Scholarships 1,302 $ 6,222,876 s 28,301 $ 27,689,625 78% Distribution of Aid by Classification (StateSupported Programs Only) The bulk (95%) of state student financial aid dollars is awarded to undergraduate students in the state's twoyear and fouryear postsecondary institutions. Only 5 aid goes to graduate students. Nearly all graduate aid is awarded in the form of loan/scholarships. Awards Amount 5% Undergraduate 28,017 $ 26,282,215 Graduate 284 $ 1,407,410 s 28,301 $ 27,689,625 95% Distribution of Loan/Scholarships by Classification (StateSupported Programs Only) Nearly all grant aid is awarded to undergraduate students, but loan/scholarships are awarded to both undergraduate and graduate students. Undergraduate students receive 78 loan/scholarships, while graduate students receive the remaining 22%. Awards Amount 22% Undergraduate 1,025 $ 4,834,666 Graduate 277 $ 1,388,210 s 1,302 $ 6,222,876 78% Distribution of Loan/Scholarships by Shortage Area (StateSupported Programs Only) Loan/scholarships are awarded to students majoring in the fields of education and healthrelated professions. Of all loan/scholarships awarded, 68% went to education majors and 32% went to students in healthrelated majors. Awards Amount Education 900 $ 4,228,139 32% Health 402 $ 1,994,737 s 1,302 $ 6,222,876 68% Executive Summary 2

6 Executive Summary Distribution of Undergrad. Loan/Scholarships by Shortage Area (StateSupported Programs Only) Students in education majors received 82 loan/scholarship money awarded to undergraduates, and students in healthrelated majors received 18 money awarded to undergraduates. Awards Amount 18% Education 763 $ 3,941,764 Health 262 $ 892,902 s 1,025 $ 4,834,666 82% Distribution of Graduate Loan/Scholarships by Shortage Area (StateSupported Programs Only) Students in healthrelated majors received 79 loan/scholarship money awarded to graduates, and students in education majors received 21 money awarded to graduates. Awards Amount 21% Education 137 $ 286,375 Health 140 $ 1,101,835 s 277 $ 1,388,210 79% Repayment of Loan/Scholarships Statesupported loan/scholarship awards may be repaid through service or money. The Office works with ACS Campus Products and Services to service accounts in repayment. If ACS is unable to service an account, the account is placed with a collection agency. At the close of the Aid Year, 5,028 loan/scholarship accounts with a total outstanding principal balance of $32.3 million were in repayment. Accounts Principal Owed Accounts Deferred/Service 2,014 $ 17,044,236 33% Money 282 $ 2,030,574 53% Noncurrent Accounts 8% Past Due 279 $ 2,693,098 6% Collection 1,469 $ 10,495,456 Paid in Full Accounts Paid in Full 984 $ 5,028 $ 32,263,364 Paid in Full Accounts During the Aid Year, 984 loan/scholarship repayment accounts reached paid in full status. Of these accounts, 792 (81%) were repaid with service to the state, 41 (4%) were repaid through a combination of money and service, and 151 (15%) were repaid with money. The cumulative principal cancelled by service over the course of repayment for these accounts was $6.7 million (86 the cumulative principal paid or cancelled). The cumulative principal paid over the course of repayment for these accounts was $1.13 million (14 the cumulative principal paid or cancelled). Revenue Collected Revenue is collected in repayment of loan/scholarship accounts. During the Aid Year, $1.67 million was collected in repayment of principal, interest and fees. Executive Summary 3

7 Executive Summary StateSupported Student Financial Aid Awards by Institution 4Year Private Awards Amount Belhaven University 253 $ 232,646 Blue Mountain College 213 $ 295,294 Millsaps College 371 $ 469,279 Mississippi College 1,318 $ 1,593,606 Rust College 54 $ 21,562 Tougaloo College 137 $ 112,279 William Carey University 691 $ 979,980 3,037 $ 3,704,646 3% 1% 4Year Private 26% 6% 43% 8% 13% 4Year Public Awards Amount Alcorn State University 277 $ 336,657 Delta State University 677 $ 754,593 Jackson State University 555 $ 571,136 Mississippi State University 5,739 $ 6,629,375 Mississippi Univ. for Women 561 $ 699,168 Mississippi Valley State Univ. 122 $ 118,960 University of Mississippi 4,651 $ 5,167,704 Univ. of Miss. Medical Center 282 $ 643,207 Univ. of Southern Mississippi 3,561 $ 4,175,184 16,425 $ 19,095,983 3% 27% 4Year Public 2% 4% 3% 22% 4% 35% 0% 2Year Public Awards Amount Coahoma Community College 20 $ 12,786 CopiahLincoln Comm. Coll. 367 $ 170,012 East Central Community Coll. 298 $ 130,922 East Mississippi Comm. Coll. 443 $ 174,129 Hinds Community College 844 $ 359,326 Holmes Community College 535 $ 235,374 Itawamba Community Coll. 1,146 $ 502,640 Jones County Junior College 726 $ 332,431 Meridian Community College 490 $ 219,470 Mississippi Delta Comm. Coll. 156 $ 74,170 Miss. Gulf Coast CCJackson 384 $ 167,385 Miss. Gulf Coast CCJeff Davis 353 $ 157,645 Miss. Gulf Coast CCPerkinston 432 $ 206,852 Northeast Miss. Comm. Coll. 691 $ 300,267 Northwest Miss. Comm. Coll. 950 $ 410,702 Pearl River Community Coll. 558 $ 246,507 Southwest Miss. Comm. Coll. 242 $ 103,131 8,635 $ 3,803,749 4% 8% 5% 11% 4% 2% 2Year Public 3% 0% 6% 4% 6% 9% 3% 5% 9% 6% 13% Executive Summary 4

8 Executive Summary OutofState Awards Amount Edward Via VA Coll. Osteopathic 5 $ 67,500 Life Univ. of Chiropractic Med. 5 $ 52,560 Logan Coll. of Chiropractic Med. 1 $ 1,494 Nova SE Univ.Coll. Osteopathic 2 $ 27,000 0% Palmer College Chiropractic 2 $ 18,852 Parker College Chiropractic 2 $ 9,276 Southern College of Optometry 23 $ 319,700 Temple Univ. School of Med. 1 $ 2,720 Univ. of Alabama Birmingham 7 $ 97,300 U. of Houston Sch. of Optometry 3 $ 41, $ 638,102 15% OutofState 7% 11% 50% 8% 0% 4% 3% 2% Loan Servicers Awards Amount Access Group Loan Servicing 1 $ 3,000 ACS New York 16 $ 48,000 American Education Services 23 $ 66,900 Chase Student Loan Servicing 3 $ 9,000 Citibank Student Loan Corp 7 $ 20,400 College Foundation, Inc. 1 $ 3,000 Edfinancial Services 8 $ 24,000 Firstmark Services 1 $ 3,000 Great Lakes Borrower Services 7 $ 19,290 Iowa Student Loan Servicing 1 $ 3,000 MOHELA 13 $ 36,505 Nelnet 3 $ 9,000 Sallie Mae Servicing Corp 38 $ 111,450 Student Assistance Found. of MT 1 $ 3,000 U.S. Dept. of Ed. Direct Loans 26 $ 75,600 Xpress Loan Servicing 4 $ 12, $ 447,145 Summary: Distribution of Aid by Institution Type 4Year Private 3,037 $ 3,704,646 4Year Public 16,425 $ 19,095,983 2Year Public 8,635 $ 3,803,749 OutofState 51 $ 638,102 Loan Servicers 153 $ 447,145 28,301 $ 27,689,625 1% 2% 25% 17% 2% Loan Servicers 3% 1% 8% 11% 4% 1% Distribution of Aid by Institution Type 2% 14% 13% 69% 15% 5% 1% 5% 1% 2% Executive Summary 5

9 Executive Summary StateSupported Award Recipients and Amounts by County The chart below shows the total number of award recipients and the total award amounts by county. Some students do not report their county of residence on the application; therefore, the counties for these students are unknown. County Number of Awards Award Amount County Number of Awards Award Amount Adams 166 $ 171,056 Lincoln 404 $ 421,451 Alcorn 358 $ 347,229 Lowndes 575 $ 537,788 Amite 75 $ 59,907 Madison 1,659 $ 1,718,377 Attala 177 $ 208,108 Marion 171 $ 147,176 Benton 41 $ 39,148 Marshall 182 $ 205,601 Bolivar 262 $ 297,440 Monroe 410 $ 363,133 Calhoun 151 $ 137,383 Montgomery 122 $ 162,669 Carroll 95 $ 68,864 Neshoba 235 $ 225,904 Chickasaw 154 $ 131,920 Newton 225 $ 239,085 Choctaw 90 $ 90,027 Noxubee 52 $ 46,378 Claiborne 30 $ 22,675 Oktibbeha 506 $ 532,173 Clarke 162 $ 137,607 Panola 225 $ 246,814 Clay 200 $ 222,281 Pearl River 480 $ 420,850 Coahoma 162 $ 184,238 Perry 95 $ 75,573 Copiah 208 $ 211,824 Pike 304 $ 323,463 Covington 144 $ 153,697 Pontotoc 452 $ 407,285 Desoto 1,635 $ 1,398,135 Prentiss 293 $ 295,147 Forrest 695 $ 757,065 Quitman 55 $ 85,707 Franklin 67 $ 83,028 Rankin 1,909 $ 1,985,036 George 174 $ 163,016 Scott 187 $ 195,968 Greene 70 $ 99,769 Sharkey 32 $ 31,204 Grenada 204 $ 168,798 Simpson 163 $ 150,139 Hancock 375 $ 368,013 Smith 120 $ 153,603 Harrison 1,577 $ 1,618,910 Stone 150 $ 116,707 Hinds 2,269 $ 2,356,333 Sunflower 142 $ 157,399 Holmes 81 $ 76,593 Tallahatchie 58 $ 61,144 Humphreys 48 $ 75,555 Tate 252 $ 233,340 Issaquena 8 $ 5,950 Tippah 250 $ 278,118 Itawamba 265 $ 226,748 Tishomingo 172 $ 164,335 Jackson 1,340 $ 1,248,922 Tunica 26 $ 28,750 Jasper 111 $ 111,870 Union 360 $ 398,010 Jefferson 31 $ 38,925 Walthall 80 $ 61,465 Jefferson Davis 70 $ 59,872 Warren 480 $ 508,065 Jones 605 $ 589,943 Washington 366 $ 373,596 Kemper 44 $ 57,660 Wayne 125 $ 122,880 Lafayette 508 $ 488,044 Webster 113 $ 97,502 Lamar 740 $ 775,055 Wilkinson 40 $ 46,287 Lauderdale 840 $ 753,335 Winston 183 $ 175,950 Lawrence 112 $ 79,644 Yalobusha 81 $ 87,432 Leake 137 $ 104,253 Yazoo 145 $ 157,470 Lee 1,077 $ 974,243 Unknown 380 $ 307,596 Leflore 192 $ 179,973 TOTALS 28,009 $ 27,689,625 Executive Summary 6

10 Executive Summary StateSupported Student Financial Aid Programs GRANTS Undergraduate Awards Amount Mississippi Resident Tuition Assistance Grant (MTAG) 23,297 $ 13,979,693 Mississippi Eminent Scholars Grant (MESG) 2,019 $ 4,810,293 Higher Education Legislative Plan for Needy Students (HELP) 316 $ 1,528,257 Leveraging Educational Assistance Partnership (LEAP) 1,339 $ 950,600 Law Enforcement Officers/Firemen Scholarship (LAW) 21 $ 178,706 Undergraduate Grants 26,992 $ 21,447,549 Graduate Public Management Graduate Intern (PMGT) 7 $ 19,200 Graduate Grants 7 $ 19,200 TOTAL GRANTS 26,999 $ 21,466,749 LOAN/SCHOLARSHIPS Undergraduate Critical Needs Alternate Route Teacher Loan/Scholarship (CNAR) 3 $ 32,552 Critical Needs Teacher Loan/Scholarship (CNTP) 151 $ 1,841,733 Mississippi Teacher Loan Repayment (MTLR) 153 $ 447,145 William Winter Alternate Route Teacher Loan/Scholarship (WWAR) 0 $ William Winter Teacher Loan/Scholarship (WWTS) 456 $ 1,620,334 Nursing Education Loan/Scholarship Bachelor's (NELB) 226 $ 763,403 Nursing Education Loan/Scholarship RN to BSN (NELR) 35 $ 127,999 Health Care Professions Loan/Scholarship Undergraduate (HCP) 1 $ 1,500 Undergraduate Loan/Scholarships 1,025 $ 4,834,666 Graduate Counseling and School Administration Loan/Scholarship (CSA) 38 $ 87,875 Graduate Teacher Loan/Scholarship (GTS) 97 $ 148,500 SREB Doctoral Scholars (SDSP) 2 $ 50,000 Nursing Education Loan/Scholarship Masters (NELM) 64 $ 207,749 Nursing Education Loan/Scholarship Ph.D. (NELP) 7 $ 32,500 Nursing Teaching Stipend (NTSP) 9 $ 80,000 State Dental Education Loan/Scholarship (DENT) 3 $ 49,590 Health Care Professions Loan/Scholarship Graduate (HCP) 0 $ State Medical Education Loan/Scholarship (MED) 6 $ 93,894 Graduate and Professional Degree Loan/Scholarship (STSC) 11 $ 84,902 SREB Regional Contract Program (SREB) 40 $ 553,200 Veterinary Medicine Minority Loan/Scholarship (VMMP) 0 $ Graduate Loan/Scholarships 277 $ 1,388,210 TOTAL LOAN/SCHOLARSHIPS 1,302 $ 6,222,876 TOTAL FUNDED THROUGH STATESUPPORTED FUNDS 28,301 $ 27,689,625 Programs Funded through Alternate Sources College Goal Sunday Awards (CGSA) 31 $ 15,500 GEAR UP Mississippi Scholarship (GUMS) 126 $ 571,064 Nissan Scholarship (NISS) 3 $ 14,857 Summer Developmental Program Grant (SUMD) 203 $ 750,000 TOTAL FUNDED THROUGH ALTERNATE FUNDS 363 $ 1,351,421 TOTAL PROGRAMS ADMINISTERED BY SFA 28,664 $ 29,041,046 Executive Summary 7

11 Executive Summary 8

12 Summary Detail 5Year History of State Support and Other Funding FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 State Support General Funds $ 29,671,644 $ 29,699,210 $ 30,199,810 $ 30,200,449 $ 26,915,820 (Reduction) $ $ $ (1,509,991) $ (2,861,674) $ Health Care Expendable $ 177,563 $ 177,563 $ 177,563 $ $ Carryover $ $ $ $ 1,670,664 $ 923,225 State Support $ 29,849,207 $ 29,876,773 $ 28,867,383 $ 29,009,439 $ 27,839,045 OneYear Change (+/) $ (1,748,830) $ 27,566 $ (1,009,391) $ 142,057 $ (1,170,394) % OneYear Change (+/) 5.53% 0.09% 3.38% 0.49% 4.03% Alternate Sources Federal Funds (LEAP) $ 254,500 $ 254,500 $ 253,778 $ 264,647 $ 286,315 Investments $ $ 358,467 $ 99,209 $ 81,096 $ 14,857 Other/Collections $ 2,514,567 $ 2,156,100 $ 2,416,080 $ 2,423,324 $ 2,467,895 General Collections $ 2,769,067 $ 2,769,067 $ 2,769,067 $ 2,769,067 $ 2,769,067 Critical Nds Collections $ $ $ $ $ 2,984,395 Ayers Summer Devel. $ 500,000 $ 500,000 $ 500,000 $ 750,000 $ 750,000 Alternate Sources $ 3,269,067 $ 3,269,067 $ 3,269,067 $ 3,519,067 $ 6,503,462 OneYear Change (+/) $ 459,461 $ $ $ 250,000 $ 2,984,395 % OneYear Change (+/) 16.05% 0.00% 0.00% 7.65% 84.81% Available $ 33,118,274 $ 33,145,840 $ 32,136,450 $ 32,528,506 $ 34,342,507 OneYear Change (+/) $ (1,289,369) $ 27,566 $ (1,009,391) $ 392,057 $ 1,814,001 % OneYear Change (+/) 3.74% 0.08% 3.05% 1.22% 5.58% $36,000,000 $34,000,000 $32,000,000 $30,000,000 $28,000,000 $26,000,000 $24,000,000 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Summary Detail 9

13 Summary Detail 5Year History of Awards, Amounts, and Average Award Amounts FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Award Amount $ 31,104,140 $ 31,484,581 $ 28,635,587 $ 27,275,175 $ 27,689,625 OneYear Change (+/) $ (952,360) $ 380,441 $ (2,848,994) $ (1,360,412) $ 414,450 % OneYear Change (+/) 2.97% 1.22% 9.05% 4.75% 1.52% Awards 31,724 31,628 31,634 28,070 28,301 OneYear Change (+/) 1, , % OneYear Change (+/) 3.82% 0.30% 0.02% 11.27% 0.82% Average Award Amount $ $ $ $ $ OneYear Change (+/) $ 8.58 $ $ (90.25) $ $ 6.71 % OneYear Change (+/) 0.88% 1.53% 9.07% 7.34% 0.69% $32,000,000 $31,000,000 $30,000,000 $29,000,000 $28,000,000 $27,000,000 $26,000,000 $25,000,000 FY 2007 FY 2008 FY 2009 FY 2010 FY ,000 32,000 30,000 28,000 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Award Amount Awards Average Award Amount Summary Detail 10

14 Summary Detail StateSupported Programs: Funding Disparities Due to the availability of state support, in some years, some student financial aid programs cannot be fully funded. For programs that are not fully funded, money is awarded on a firstcome, firstserved basis until funds have been exhausted. The table below shows the total number of eligible applicants, the number of applicants who received awards, the calculated rate at which programs were funded, the average award amount, the number of eligible applicants not funded, and the resulting funding disparity. In FY , all programs were fully funded. Program Eligible Applicants Award Avg. Award Applicants Funding Applicants Awarded Rate Amount Unfunded Disparity Grants MTAG 23,297 23, % $ $ MESG 2,019 2, % $ 2,383 0 $ HELP % $ 4,836 0 $ LEAP 1,339 1, % $ $ LAW % $ 8,510 0 $ PMGT (Graduate) % $ 2,743 0 $ 26,999 26, % 0 $ Undergraduate Loan/Scholarships Teacher Programs CNAR % $ 10,851 0 $ CNTP % $ 12,197 0 $ MTLR % $ 2,923 0 $ WWAR 0 0 N/A $ 0 $ WWTS % $ 3,553 0 $ % 0 $ Medical Programs NELB % $ 3,378 0 $ NELR % $ 3,657 0 $ HCPU % $ 1,500 0 $ % 0 $ Undergraduate Loan/Schols 28,024 28, % 0 $ Graduate Loan/Scholarships Teacher Programs CSA % $ 2,313 0 $ GTS % $ 1,531 0 $ SDSP % $ 25,000 0 $ % 0 $ Medical Programs NELM % $ 3,246 0 $ NELP % $ 4,643 0 $ NTSP % $ 8,889 0 $ DENT % $ 16,530 0 $ HCPG 0 0 N/A $ 3,000 0 $ MED % $ 15,649 0 $ SREB % $ 13,830 0 $ STSC % $ 7,718 0 $ VMMP 0 0 N/A $ 0 $ % 0 $ Graduate Loan/Schols % 0 $ Grand s 28,301 28, % 0 $ Summary Detail 11

15 Summary Detail 5Year History of Awards and Amounts by StateSupported Program Undergraduate Grants FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 MTAG Amount Awarded $ 15,291,330 $ 15,286,070 $ 15,689,129 $ 13,950,739 $ 13,979,693 MTAG Number of Awards 26,005 25,896 26,838 23,227 23,297 MESG Amount Awarded $ 4,286,460 $ 4,337,024 $ 4,568,470 $ 4,712,408 $ 4,810,293 MESG Number of Awards 1,812 1,829 1,938 1,990 2,019 HELP Amount Awarded $ 1,516,218 $ 1,753,252 $ 1,481,350 $ 1,265,238 $ 1,528,257 HELP Number of Awards LEAP Amount Awarded $ 898,058 $ 898,785 $ 898,785 $ 928,932 $ 950,600 LEAP Number of Awards 1,326 1,327 1,268 1,273 1,339 LAW Amount Awarded $ 96,124 $ 107,590 $ 95,757 $ 93,831 $ 178,706 LAW Number of Awards $16,000,000 $15,500,000 $15,000,000 $14,500,000 $14,000,000 $13,500,000 $13,000,000 FY 2007 FY 2008 FY 2009 FY 2010 FY ,000 27,000 26,000 25,000 24,000 23,000 22,000 21,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ FY 2007 FY 2008 FY 2009 FY 2010 FY ,500 2,000 1,500 1, Graduate Grants FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 PMGT Amount Awarded $ 17,170 $ 18,100 $ 32,120 $ $ 19,200 PMGT Number of Awards $40,000 $30,000 $20,000 $10,000 $ FY 2007 FY 2008 FY 2009 FY 2010 FY Summary Detail 12

16 Summary Detail Undergraduate Loan/Schols. FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 CNAR Amount Awarded $ 42,657 $ 64,815 $ 56,243 $ 30,720 $ 32,552 CNAR Number of Awards CNTP Amount Awarded $ 2,181,409 $ 2,350,705 $ 2,339,072 $ 2,266,677 $ 1,841,733 CNTP Number of Awards MTLR Amount Awarded $ 420,578 $ 284,000 $ 292,375 $ 415,500 $ 447,145 MTLR Number of Awards WWAR Amount Awarded $ 8,000 $ 4,000 $ 2,000 $ 2,000 $ WWAR Number of Awards WWTS Amount Awarded $ 1,999,980 $ 1,921,658 $ 1,240,328 $ 1,598,325 $ 1,620,334 WWTS Number of Awards NELB Amount Awarded $ 1,270,458 $ 1,375,919 $ 702,295 $ 538,834 $ 763,403 + NELB Number of Awards NELR Amount Awarded $ 139,297 $ 159,890 $ 85,222 $ 122,666 $ 127,999 X NELR Number of Awards HCPU Amount Awarded $ 6,000 $ 1,500 $ 1,500 $ $ 1,500 HCPU Number of Awards $2,500, $2,000, $1,500, $1,000, $500, $ FY 2007 FY 2008 FY 2009 FY 2010 FY Summary Detail 13

17 Summary Detail Graduate Loan/Scholarships FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 CSA Amount Awarded $ 213,750 $ 205,250 $ 62,250 $ 59,625 $ 87,875 CSA Number of Awards GTS Amount Awarded $ 640,000 $ 648,125 $ 196,250 $ 217,250 $ 148,500 GTS Number of Awards SDSP Amount Awarded $ 208,000 $ 120,000 $ 80,000 $ 40,000 $ 50,000 SDSP Number of Awards NELM Amount Awarded $ 303,171 $ 376,001 $ 115,040 $ 170,441 $ 207,749 NELM Number of Awards NELP Amount Awarded $ 51,250 $ 50,750 $ 17,500 $ 12,500 $ 32,500 + NELP Number of Awards NTSP Amount Awarded $ 246,000 $ 130,000 $ 21,000 $ 69,000 $ 80,000 NTSP Number of Awards DENT Amount Awarded $ 68,255 $ 72,240 $ 46,120 $ 98,210 $ 49,590 X DENT Number of Awards HCPG Amount Awarded $ $ 6,000 $ 3,000 $ $ HCPG Number of Awards MED Amount Awarded $ 43,250 $ 106,139 $ 58,245 $ 95,543 $ 93,894 MED Number of Awards STSC Amount Awarded $ 81,726 $ 46,925 $ 41,512 $ 55,336 $ 84,902 STSC Number of Awards SREB Amount Awarded $ 463,600 $ 471,600 $ 432,300 $ 525,400 $ 553,200 + SREB Number of Awards VMMP Amount Awarded $ 6,000 $ $ $ 6,000 $ VMMP Number of Awards $700, $600,000 $500, $400, $300, $200,000 $100, $ FY 2007 FY 2008 FY 2009 FY 2010 FY Summary Detail 14

18 Program Name Summary Detail StateSupported Programs by Institution Type OutofState or Loan 2Year Public 4Year Public 4Year Private Servicer Awards Amount Awards Amount Awards Amount Awards Amount Undergraduate Grants MTAG 8,018 $ 3,252,947 13,090 $ 9,192,042 2,189 $ 1,534,704 0 $ MESG 114 $ 215,525 1,570 $ 3,773, $ 821,668 0 $ HELP 27 $ 51, $ 1,325, $ 151,724 0 $ LEAP 472 $ 272, $ 470, $ 207,389 0 $ LAW 4 $ 11, $ 167,389 0 $ 0 $ Graduate Grants PMGT 0 $ 7 $ 19,200 0 $ 0 $ Undergraduate Loan/Scholarships CNAR 0 $ 2 $ 19,722 1 $ 12,830 0 $ CNTP 0 $ 124 $ 1,517, $ 324,364 0 $ MTLR 0 $ 0 $ 0 $ 153 $ 447,145 WWAR 0 $ 0 $ 0 $ 0 $ WWTS 0 $ 355 $ 1,265, $ 354,662 0 $ NELB 0 $ 179 $ 621, $ 142,071 0 $ NELR 0 $ 30 $ 112,000 5 $ 15,999 0 $ HCP U 0 $ 1 $ 1,500 0 $ 0 $ Graduate Loan/Scholarships CSA 0 $ 30 $ 71,125 8 $ 16,750 0 $ GTS 0 $ 40 $ 60, $ 87,625 0 $ SDSP 0 $ 2 $ 50,000 0 $ 0 $ NELM 0 $ 58 $ 188,889 6 $ 18,860 0 $ NELP 0 $ 7 $ 32,500 0 $ 0 $ NTSP 0 $ 7 $ 64,000 2 $ 16,000 0 $ DENT 0 $ 3 $ 49,590 0 $ 0 $ HCPG 0 $ 0 $ 0 $ 0 $ MED 0 $ 6 $ 93,894 0 $ 0 $ SREB 0 $ 0 $ 0 $ 40 $ 553,200 STSC 0 $ 0 $ 0 $ 11 $ 84,902 VMMP 0 $ 0 $ 0 $ 0 $ s 8,635 $ 3,803,749 16,425 $ 19,095,983 3,037 $ 3,704, $ 1,085,247 Summary Detail 15

19 Paid in CURRENT Accounts Serviced by ACS NONCURRENT Accounts Full Accounts Deferred or Service Money ACS Collection Agency Principal Principal Principal Principal Program Accts. Accts. Balance Accts. Balance Accts. Balance Accts. Balance CNAR 3 4 $ 55,864 2 $ 22,625 1 $ 12,288 2 $ 22,399 CNTP $ 5,477, $ 1,187, $ 1,535, $ 6,596,376 WWAR 0 0 $ 0 $ 1 $ 2,000 0 $ WWTS $ 3,785, $ 284, $ 374, $ 1,730,908 NELB $ 1,409, $ 98, $ 117, $ 132,357 NELR $ 188,888 6 $ 15,677 6 $ 14, $ 31,317 HCPU/G 2 2 $ 7,500 1 $ 3,848 0 $ 12 $ 15,930 CSA $ 117,700 0 $ 1 $ 3,000 3 $ 4,858 GTS $ 305,667 0 $ 14 $ 25, $ 50,500 SDSP 1 16 $ 726,000 0 $ 1 $ 60, $ 361,206 NELM $ 400,378 9 $ 20,190 3 $ 11, $ 37,331 NELP 1 17 $ 137,500 2 $ 9,930 0 $ 1 $ 10,000 NTSP 8 29 $ 401,871 8 $ 74,858 2 $ 29, $ 71,623 DENT 5 12 $ 299,701 7 $ 34,286 3 $ 21,571 4 $ 15,544 MED 6 17 $ 342,449 9 $ 60,351 4 $ 115, $ 403,315 SREB $ 2,131,736 7 $ 151,903 4 $ 187, $ 159,672 STSC $ 272,473 4 $ 60,930 5 $ 119, $ 312,762 VMMP 2 1 $ 6,000 0 $ 1 $ 22,013 0 $ Inactive $ 977,795 3 $ 6,408 4 $ 40, $ 539,360 s 984 2,014 $ 17,044, $ 2,030, $ 2,693,098 1,469 $ 10,495,456 20% 40% 6% 6% 29% PIF Accounts Noncurrent Accounts Accounts 984 Accounts 2,296 Principal $ 17,044,518 Accounts 1,748 Principal $ 13,188,554 20% Summary Detail Summary of Accounts in Repayment at the Close of the Fiscal Year Statesupported loan/scholarship awards may be repaid through service or money. Paid in Full Accounts are accounts that were paid in full during the fiscal year. The Office works with ACS Campus Products and Services to service loan/scholarship accounts in repayment. If ACS is unable to service an account, the account is placed with a collection agency. Below is a summary list of the account status of all loan/scholarship accounts in repayment at the close of the Aid Year. accounts are accounts for which no principal or interest is currently past due. accounts may be repaid by service or money. Noncurrent accounts are accounts that are past due (less than 3 months), delinquent (more than 3 months), on a temporary payment plan, or placed with a collection agency. 46% 35% Accounts TOTAL OF ALL ACCOUNTS IN REPAYMENT DURING FY ,028 Principal Outstanding $ 32,263, Summary Detail 16

20 Summary Detail Summary of Accounts Paid in Full During the Fiscal Year Following is a summary of the accounts that reached paid in full status during the fiscal year. The principal cancelled by service represents all principal cancelled by service over the course of repayment, not just during the most recent fiscal year. Likewise, principal paid, interest paid, and total collected in repayment represent total amounts paid over the course of repayment. Program Service Service and Money Money Principal Cancelled by Service Cumulative Principal Paid Cumulative Interest Paid Cumulative Collected on Accounts CNAR $ 57,672 $ $ $ CNTP $ 2,374,629 $ 378,882 $ 58,841 $ 437,723 WWAR $ $ $ $ WWTS $ 1,631,047 $ 257,475 $ 33,927 $ 291,402 NELB $ 1,004,185 $ 116,888 $ 6,542 $ 123,431 NELR $ 72,675 $ 9,325 $ 432 $ 9,756 HCPU/G $ $ 4,500 $ 931 $ 5,431 CSA $ 41,625 $ $ $ GTS $ 287,100 $ 9,800 $ 63 $ 9,863 SDSP $ 60,000 $ $ $ NELM $ 264,732 $ 19,777 $ 1,793 $ 21,570 NELP $ 5,000 $ $ $ NTSP $ 84,000 $ 20,000 $ 3,002 $ 23,002 DENT $ 7,169 $ 59,891 $ 8,622 $ 68,513 MED $ 65,784 $ 103,216 $ 14,822 $ 118,038 SREB $ 500,436 $ 8,464 $ 11,432 $ 19,895 STSC $ 76,015 $ 56,889 $ 8,833 $ 65,722 VMMP $ 18,000 $ 26,000 $ 3,909 $ 29,909 Inactive Programs $ 146,760 $ 54,739 $ 17,699 $ 72,438 s $ 6,696,829 $ 1,125,846 $ 170,848 $ 1,296,694 Accounts Paid in Full Cumulative Principal Paid or Cancelled Service 792 Cumulative Principal Cancelled by Service $ 6,696,829 Service and Money 41 Cumulative Principal Paid $ 1,125,846 Money 151 $ 7,822, % 15% 14% 81% 86% Service Service and Money Money Cumulative Principal Cancelled by Service Cumulative Principal Paid Summary Detail 17

21 Summary Detail Summary of Accounts in Repayment During the Fiscal Year by Program CNAR CNTP WWAR WWTS NELB NELR HCPU/G CSA All Accounts FY 1999 N/A 143 N/A 177 N/A N/A 17 N/A FY 2000 N/A 317 N/A 195 N/A N/A 15 N/A FY 2001 N/A 393 N/A 222 N/A N/A 9 N/A FY 2002 N/A 1 N/A 2 N/A N/A 0 N/A FY 2003 N/A 174 N/A 208 N/A N/A 8 N/A FY 2004 N/A 84 N/A 295 N/A N/A 11 N/A FY 2005 N/A 113 N/A 310 N/A N/A 6 N/A FY FY FY FY FY FY TOTAL 16 1, , Non Accounts FY 1999 N/A 100 N/A 72 N/A N/A 1 N/A FY 2000 N/A 188 N/A 63 N/A N/A 3 N/A FY 2001 N/A 206 N/A 53 N/A N/A 0 N/A FY 2002 N/A 0 N/A 0 N/A N/A 0 N/A FY 2003 N/A 79 N/A 52 N/A N/A 1 N/A FY 2004 N/A 15 N/A 16 N/A N/A 1 N/A FY 2005 N/A 24 N/A 29 N/A N/A 2 N/A FY FY FY FY FY FY TOTAL Default Rates FY 1999 N/A 70% N/A 41% N/A N/A 6% N/A FY 2000 N/A 59% N/A 32% N/A N/A 20% N/A FY 2001 N/A 52% N/A 24% N/A N/A 0% N/A FY 2002 N/A 0% N/A 0% N/A N/A N/A N/A FY 2003 N/A 45% N/A 25% N/A N/A 13% N/A FY 2004 N/A 18% N/A 5% N/A N/A 9% N/A FY 2005 N/A 21% N/A 9% N/A N/A 33% N/A FY % 18% N/A 6% 8% 0% 17% 0% FY % 12% 0% 8% 7% 11% 100% 0% FY % 20% 0% 12% 11% 16% 50% 2% FY % 19% N/A 13% 6% 15% N/A N/A FY % 13% 100% 11% 5% 9% N/A 0% FY % 0% N/A 0% 1% 0% 0% 0% OVERALL 19% 37% 25% 13% 7% 10% 16% 0% Summary Detail 18

22 Summary Detail Summary of Accounts in Repayment During the Fiscal Year by GTS SDSP NELM NELP NTSP DENT MED SREB STSC VMMP TOTAL All Accounts N/A 8 N/A N/A N/A 9 N/A N/A N/A 7 N/A N/A N/A 0 N/A N/A N/A 4 N/A N/A N/A 6 N/A N/A N/A 3 N/A N/A , , , ,352 Non Accounts N/A 3 N/A N/A N/A 3 N/A N/A N/A 0 N/A N/A N/A 0 N/A N/A N/A 2 N/A N/A N/A 1 N/A N/A N/A 0 N/A N/A ,347 Default Rates N/A 38% N/A N/A 0% 0% 7% 0% 33% N/A 47% N/A 33% N/A N/A 0% 0% 0% 0% 29% N/A 45% N/A 0% N/A N/A 33% 0% 0% 0% 11% 0% 39% N/A N/A N/A N/A 0% N/A N/A 10% N/A N/A 7% N/A 50% N/A N/A 0% 0% 100% 8% 33% 100% 33% N/A 17% N/A N/A 11% 25% N/A 10% 25% N/A 9% N/A 0% N/A N/A 22% 0% 0% 0% 38% 0% 13% 2% 0% 0% 0% 0% 13% 0% 10% 25% N/A 6% 1% 50% 11% 20% 11% 0% 50% 30% 14% N/A 8% 4% 0% 7% 0% 20% 0% 0% 0% 0% N/A 10% N/A N/A N/A N/A 0% N/A N/A 0% N/A N/A 14% 6% N/A 4% 0% 0% 0% 0% 0% 0% 0% 9% 0% 0% 0% 0% 0% N/A 0% 0% 0% N/A 0% 2% 22% 6% 4% 10% 4% 8% 5% 21% 25% 16% Summary Detail 19

23 Summary Detail Summary of Revenue Collected in Repayment During the Fiscal Year Program Principal Interest Fees Refunds CNAR $ 1,108 $ 1,018 $ $ $ 2,127 CNTP $ 430,049 $ 213,453 $ 68,692 $ (1,495) $ 710,699 WWAR $ $ $ $ $ WWTS $ 305,042 $ 59,464 $ 33,638 $ (5,873) $ 392,271 NELB $ 125,892 $ 11,126 $ 2,237 $ (259) $ 138,997 NELR $ 12,264 $ 1,656 $ 954 $ $ 14,874 HCPU/G $ 5,084 $ 1,586 $ 1,548 $ (186) $ 8,031 CSA $ 619 $ $ $ $ 619 GTS $ 16,289 $ 603 $ 1,540 $ $ 18,431 SDSP $ $ 1,440 $ 360 $ $ 1,800 NELM $ 22,699 $ 2,040 $ 970 $ $ 25,709 NELP $ 70 $ 28 $ $ $ 99 NTSP $ 30,241 $ 3,562 $ 2,025 $ $ 35,828 DENT $ 25,481 $ 3,419 $ 1,150 $ $ 30,050 MED $ 87,653 $ (15,195) $ 1,943 $ $ 74,402 SREB $ 51,178 $ 13,441 $ 2,639 $ $ 67,257 STSC $ 41,244 $ 22,519 $ 8,367 $ $ 72,130 VMMP $ 25,916 $ 1,960 $ $ $ 27,876 Inactive Programs $ 26,794 $ 10,483 $ 6,938 $ (224) $ 43,991 s $ 1,207,622 $ 332,604 $ 133,001 $ (8,038) $ 1,665,189 History of Revenue Collected in Repayment of Loan/Scholarship Accounts FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Revenue Collected $ 1,583,441 $ 2,170,659 $ 2,058,793 $ 1,617,737 $ 1,665,189 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Summary Detail 20

24 Mississippi Resident Tuition Assistance Grant (MTAG) Mississippi Resident Tuition Assistance Grants are available to Mississippi residents pursuing fulltime a first certificate, associate's degree, or bachelor's degree at an approved Mississippi college or university. Freshmen and sophomores receive up to $500 per academic year and juniors and seniors receive up to $1,000 per academic year for a maximum of eight (8) semesters. To be eligible, students must have a 2.5 GPA and a composite score of 15 on the national ACT (or 720 SAT). Recipients must NOT be eligible for full Pell grants. The application deadline is September 15 each year. History of Funding and Awards FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Applicants Awarded 26,005 25,896 26,838 23,227 23,297 Funding for Program $ 15,291,330 $ 15,286,070 $ 15,689,129 $ 13,950,739 $ 13,979,693 Eligible Applicants N/A N/A 26,838 23,227 23,297 Award Rate N/A N/A 100% 100% 100% Average Award Amount $ 588 $ 590 $ 585 $ 601 $ 600 Applicants Not Funded N/A N/A Funding Disparity N/A N/A $ $ $ $16,000,000 28,000 $15,500,000 $15,000,000 $14,500,000 $14,000,000 $13,500,000 $13,000,000 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Funding for Program Applicants Awarded 27,000 26,000 25,000 24,000 23,000 22,000 21,000 Awards by Institution 4Year Private Institutions Awards Amount Belhaven University 197 $ 129,350 Blue Mountain College 155 $ 102,425 Millsaps College 259 $ 181,125 Mississippi College 996 $ 724,650 Rust College 23 $ 12,725 Tougaloo College 97 $ 65,000 William Carey University 462 $ 319,429 s 2,189 $ 1,534,704 4Year Public Institutions Alcorn State University 222 $ 151,375 Delta State University 565 $ 403,100 Jackson State University 462 $ 318,900 Mississippi State University 4,652 $ 3,301,703 Mississippi University for Women 431 $ 337,100 Mississippi Valley State University 97 $ 69,475 University of Mississippi 3,657 $ 2,504,341 Undergraduate Grant Programs Mississippi Resident Tuition Assistance Grant (MTAG) 21

25 4Year Public Institutions (cont.) Awards Amount University of Mississippi Medical Center 155 $ 139,000 University of Southern Mississippi 2,849 $ 1,967,048 s 13,090 $ 9,192,042 2Year Public Institutions Coahoma Community College 11 $ 4,750 CopiahLincoln Community College 340 $ 144,875 East Central Community College 278 $ 118,122 East Mississippi Community College 394 $ 156,625 Hinds Community College 742 $ 292,950 Holmes Community College 509 $ 201,950 Itawamba Community College 1,087 $ 438,300 Jones County Junior College 682 $ 281,525 Meridian Community College 457 $ 186,400 Mississippi Delta Community College 142 $ 58,675 Mississippi Gulf Coast Community College Jackson County 378 $ 155,025 Mississippi Gulf Coast Community College Jeff Davis 342 $ 132,925 Mississippi Gulf Coast Community College Perkinston 354 $ 148,775 Northeast MS Community College 652 $ 264,900 Northwest MS Community College 905 $ 367,400 Pearl River Community College 521 $ 211,350 Southwest Mississippi Community College 224 $ 88,400 s 8,018 $ 3,252,947 Grand s 23,297 $ 13,979,693 Award Recipients by County County Awards Amount Adams 144 $ 89,925 Alcorn 302 $ 179,800 Amite 65 $ 35,425 Attala 144 $ 93,025 Benton 34 $ 17,300 Bolivar 208 $ 138,125 Calhoun 132 $ 79,875 Carroll 87 $ 54,875 Chickasaw 127 $ 71,350 Choctaw 78 $ 45,375 Claiborne 24 $ 12,275 Clarke 141 $ 83,975 Clay 159 $ 97,550 Coahoma 131 $ 87,025 Copiah 175 $ 115,875 Covington 117 $ 69,940 Desoto 1455 $ 835,757 Forrest 551 $ 336,407 Franklin 54 $ 32,225 George 147 $ 79,100 Greene 53 $ 28,659 Undergraduate Grant Programs Mississippi Resident Tuition Assistance Grant (MTAG) 22

26 County (cont.) Awards Amount Grenada 178 $ 107,475 Hancock 304 $ 173,650 Harrison 1282 $ 763,071 Hinds 1828 $ 1,166,781 Holmes 61 $ 37,400 Humphreys 37 $ 24,150 Issaquena 7 $ 4,750 Itawamba 237 $ 123,900 Jackson 1145 $ 673,555 Jasper 94 $ 58,924 Jefferson 25 $ 16,125 Jefferson Davis 55 $ 29,733 Jones 522 $ 330,689 Kemper 34 $ 17,950 Lafayette 410 $ 267,600 Lamar 598 $ 375,197 Lauderdale 713 $ 415,700 Lawrence 96 $ 51,700 Leake 118 $ 65,416 Lee 916 $ 538,150 Leflore 151 $ 99,875 Lincoln 345 $ 199,225 Lowndes 483 $ 303,850 Madison 1368 $ 902,275 Marion 152 $ 81,467 Marshall 142 $ 77,050 Monroe 352 $ 193,425 Montgomery 97 $ 58,500 Neshoba 197 $ 120,865 Newton 180 $ 109,042 Noxubee 44 $ 27,675 Oktibbeha 420 $ 283,738 Panola 189 $ 111,250 Pearl River 409 $ 236,664 Perry 78 $ 42,891 Pike 247 $ 147,190 Pontotoc 380 $ 224,325 Prentiss 245 $ 145,517 Quitman 38 $ 23,375 Rankin 1580 $ 989,614 Scott 154 $ 90,723 Sharkey 27 $ 16,350 Simpson 142 $ 85,316 Smith 96 $ 61,290 Stone 135 $ 79,583 Sunflower 113 $ 76,000 Tallahatchie 46 $ 26,350 Tate 225 $ 132,500 Undergraduate Grant Programs Mississippi Resident Tuition Assistance Grant (MTAG) 23

27 County (cont.) Awards Amount Tippah 199 $ 119,123 Tishomingo 147 $ 80,775 Tunica 20 $ 15,500 Union 295 $ 168,650 Walthall 64 $ 36,025 Warren 399 $ 251,250 Washington 292 $ 194,050 Wayne 104 $ 61,141 Webster 99 $ 58,950 Wilkinson 33 $ 19,275 Winston 153 $ 92,900 Yalobusha 66 $ 38,975 Yazoo 121 $ 69,150 Unknown 5 $ 2,225 s 23,020 $ 13,979,693 Note: The total number of award recipients when counted by county may be less than the total number of awards, due to the fact that students transfer midyear and may receive awards at more than one institution. Undergraduate Grant Programs Mississippi Resident Tuition Assistance Grant (MTAG) 24

28 Mississippi Eminent Scholars Grant (MESG) Mississippi Eminent Scholars Grants are available to highachieving undergraduate students pursuing a first certificate, associate's degree or bachelor's degree at a Mississippi college or university. Participants receive up to $2,500 per year, not to exceed tuition and required fees. To be eligible, students must have a 3.5 high school GPA and composite score of 29 on the national ACT (or 1280 SAT or status as a National Merit or National Achievement Finalist or Semi Finalist). Students must apply within three years of high school graduation. The application deadline is September 15 each year. History of Funding and Awards FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Applicants Awarded 1,812 1,829 1,938 1,990 2,019 Funding for Program $ 4,286,460 $ 4,337,024 $ 4,568,470 $ 4,712,408 $ 4,810,293 Eligible Applicants N/A N/A 1,938 1,990 2,019 Award Rate N/A N/A 100% 100% 100% Average Award Amount $ 2,366 $ 2,371 $ 2,357 $ 2,368 $ 2,383 Applicants Not Funded N/A N/A Funding Disparity N/A N/A $ $ $ $5,000,000 $4,800,000 $4,600,000 $4,400,000 $4,200,000 $4,000,000 FY 2007 FY 2008 FY 2009 FY 2010 FY ,050 2,000 1,950 1,900 1,850 1,800 1,750 1,700 Funding for Program Applicants Awarded Awards by Institution 4Year Private Institutions Awards Amount Belhaven University 14 $ 32,500 Blue Mountain College 7 $ 17,500 Millsaps College 82 $ 203,750 Mississippi College 161 $ 395,000 Tougaloo College 3 $ 6,250 William Carey University 68 $ 166,668 s 335 $ 821,668 4Year Public Institutions Delta State University 17 $ 40,000 Jackson State University 1 $ 2,500 Mississippi State University 700 $ 1,656,250 Mississippi University for Women 16 $ 40,000 University of Mississippi 580 $ 1,411,850 University of Mississippi Medical Center 10 $ 23,750 University of Southern Mississippi 246 $ 598,750 s 1,570 $ 3,773,100 Undergraduate Grant Programs Mississippi Eminent Scholars Grant (MESG) 25

29 2Year Public Institutions Awards Amount CopiahLincoln Community College 4 $ 7,350 East Central Community College 2 $ 3,030 Hinds Community College 9 $ 14,420 Holmes Community College 5 $ 8,721 Itawamba Community College 26 $ 39,840 Jones County Junior College 13 $ 26,680 Meridian Community College 7 $ 15,540 Mississippi Gulf Coast Community College Jackson County 6 $ 12,360 Mississippi Gulf Coast Community College Jeff Davis 6 $ 14,832 Mississippi Gulf Coast Community College Perkinston 7 $ 17,304 Northeast MS Community College 8 $ 16,800 Northwest MS Community College 9 $ 16,575 Pearl River Community College 9 $ 16,848 Southwest Mississippi Community College 3 $ 5,225 s 114 $ 215,525 Grand s 2,019 $ 4,810,293 Award Recipients by County County Awards Amount Adams 9 $ 22,500 Alcorn 20 $ 47,950 Amite 2 $ 4,606 Attala 7 $ 16,938 Bolivar 16 $ 38,750 Calhoun 7 $ 17,500 Carroll 3 $ 7,500 Chickasaw 8 $ 18,320 Choctaw 5 $ 10,970 Claiborne 2 $ 5,000 Clarke 7 $ 15,880 Clay 12 $ 27,500 Coahoma 5 $ 12,500 Copiah 18 $ 43,750 Covington 14 $ 32,500 Desoto 98 $ 235,025 Forrest 63 $ 150,023 Franklin 7 $ 15,840 George 15 $ 36,166 Greene 4 $ 8,987 Grenada 12 $ 28,750 Hancock 35 $ 85,000 Harrison 113 $ 268,554 Hinds 193 $ 472,870 Holmes 1 $ 2,500 Humphreys 2 $ 5,000 Itawamba 9 $ 20,820 Jackson 92 $ 216,471 Jasper 4 $ 10,000 Undergraduate Grant Programs Mississippi Eminent Scholars Grant (MESG) 26

30 County (cont.) Awards Amount Jefferson 1 $ 2,500 Jefferson Davis 5 $ 10,960 Jones 38 $ 90,710 Lafayette 50 $ 121,250 Lamar 91 $ 221,693 Lauderdale 61 $ 148,600 Lawrence 4 $ 10,000 Leake 4 $ 10,000 Lee 72 $ 169,120 Leflore 15 $ 35,000 Lincoln 21 $ 48,800 Lowndes 46 $ 112,500 Madison 191 $ 464,348 Marion 6 $ 14,606 Marshall 12 $ 29,450 Monroe 23 $ 52,060 Montgomery 5 $ 12,500 Neshoba 7 $ 17,500 Newton 12 $ 29,520 Noxubee 2 $ 5,000 Oktibbeha 51 $ 122,500 Panola 9 $ 21,950 Pearl River 42 $ 95,924 Perry 8 $ 19,820 Pike 23 $ 53,135 Pontotoc 34 $ 74,010 Prentiss 14 $ 32,950 Quitman 3 $ 7,500 Rankin 178 $ 418,085 Scott 8 $ 18,750 Simpson 5 $ 12,500 Smith 11 $ 27,140 Stone 5 $ 12,472 Sunflower 7 $ 17,500 Tallahatchie 1 $ 2,500 Tate 8 $ 19,450 Tippah 22 $ 53,350 Tishomingo 13 $ 31,260 Tunica 1 $ 2,500 Union 23 $ 52,920 Walthall 5 $ 10,000 Warren 34 $ 78,310 Washington 13 $ 32,500 Wayne 9 $ 22,320 Webster 5 $ 12,500 Wilkinson 2 $ 5,000 Winston 15 $ 37,260 Yalobusha 4 $ 8,750 Undergraduate Grant Programs Mississippi Eminent Scholars Grant (MESG) 27

31 County (cont.) Awards Amount Yazoo 9 $ 22,320 Unknown 1 $ 830 s 2,012 $ 4,810,293 Note: The total number of award recipients when counted by county may be less than the total number of awards, due to the fact that students transfer midyear and may receive awards at more than one institution. Undergraduate Grant Programs Mississippi Eminent Scholars Grant (MESG) 28

32 Higher Education Legislative Plan for Needy Students (HELP) Higher Education Legislative Program awards are available to academically qualified undergraduate students with demonstrated financial need, pursuing fulltime a first certificate, associate's, or bachelor's degree at a Mississippi college or university. Students may receive tuition and required fees for no more than ten (10) semesters, regardless of the dollar amount received. To be eligible, students must first receive the HELP grant as a freshman or sophomore. Students must be Mississippi residents with a 2.5 GPA and a composite score of 20 on the national ACT. Students also must have completed a specific high school core curriculum. Students must complete the FAFSA (Free Application for Federal Student Aid) and have a 2year average adjusted gross income less than $36,500 per year for a family with one dependent. The application deadline is March 31. History of Funding and Awards FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Applicants Awarded Funding for Program $ 1,516,218 $ 1,753,252 $ 1,481,350 $ 1,265,238 $ 1,528,257 Eligible Applicants N/A N/A Award Rate N/A N/A 100% 100% 100% Average Award Amount $ 3,959 $ 4,329 $ 4,220 $ 4,378 $ 4,836 Applicants Not Funded N/A N/A Funding Disparity N/A N/A $ $ $ $2,000,000 $1,500,000 $1,000,000 $500,000 $ FY 2007 FY 2008 FY 2009 FY 2010 FY Funding for Program Applicants Awarded Awards by Institution 4Year Private Institutions Awards Amount Belhaven University 3 $ 15,156 Blue Mountain College 2 $ 10,880 Millsaps College 7 $ 35,364 Mississippi College 12 $ 55,572 Tougaloo College 5 $ 20,208 William Carey University 3 $ 14,544 s 32 $ 151,724 4Year Public Institutions Alcorn State University 5 $ 21,861 Delta State University 6 $ 26,686 Jackson State University 20 $ 95,988 Mississippi State University 89 $ 461,539 Mississippi University for Women 7 $ 32,508 University of Mississippi 44 $ 233,920 Undergraduate Grant Programs Higher Education Legislative Plan (HELP) 29

33 4Year Public Institutions (cont.) Awards Amount University of Mississippi Medical Center 1 $ 5,440 University of Southern Mississippi 85 $ 447,228 s 257 $ 1,325,170 2Year Public Institutions CopiahLincoln Community College 2 $ 4,200 Hinds Community College 5 $ 9,270 Holmes Community College 3 $ 5,814 Itawamba Community College 3 $ 4,150 Jones County Junior College 1 $ 2,320 Meridian Community College 1 $ 2,220 Mississippi Delta Community College 1 $ 2,220 Mississippi Gulf Coast Community College Jeff Davis 5 $ 9,888 Mississippi Gulf Coast Community College Perkinston 3 $ 6,180 Northwest MS Community College 1 $ 1,950 Pearl River Community College 1 $ 2,106 Southwest Mississippi Community College 1 $ 1,045 s 27 $ 51,363 Grand s 316 $ 1,528,257 Award Recipients by County County Awards Amount Adams 2 $ 10,312 Alcorn 2 $ 10,902 Attala 1 $ 2,526 Bolivar 3 $ 16,073 Calhoun 1 $ 4,644 Choctaw 2 $ 10,924 Clarke 1 $ 5,052 Clay 3 $ 15,568 Coahoma 3 $ 15,954 Copiah 4 $ 18,470 Desoto 10 $ 50,642 Forrest 7 $ 33,641 George 1 $ 2,472 Grenada 3 $ 12,423 Hancock 4 $ 21,400 Harrison 60 $ 296,083 Hinds 48 $ 235,724 Holmes 2 $ 9,696 Humphreys 3 $ 15,932 Itawamba 1 $ 1,660 Jackson 11 $ 57,299 Jasper 1 $ 5,454 Jefferson Davis 1 $ 5,454 Jones 4 $ 21,810 Kemper 3 $ 16,386 Lafayette 2 $ 10,492 Undergraduate Grant Programs Higher Education Legislative Plan (HELP) 30