2009 Annual Report of the State-Supported Student Financial Aid ...

Health Care Professions Loan/Scholarship - Undergraduate and Graduate (HCP)The Health Care Professions Loan/Scholarship awards are available to students pursuing first bachelor's degrees inspeech pathology or psychology and to students pursuing first master's degrees in occupational or physical therapy.Students may fulfill the loan-to-service obligation of the loan by working in a state health institution in the state ofMississippi for one year for each year of loan received. Undergraduate student participants receive up to $1,500 peracademic year, not to exceed two (2) calendar years or $3,000; and graduate student participants receive up to $3,000per academic year not to exceed two (2) calendar years or $6,000. To be eligible, students must be Mississippiresidents. The application deadline is March 31 each year.History of Funding and AwardsUndergraduate FY 2005 FY 2006 FY 2007 FY 2008 FY 2009Total Applicants Awarded 10 4 4 1 1Total Funding for Program $ 12,000.00 $ 6,000.00 $ 6,000.00 $ 1,500.00 $ 1,500.00Eligible Applicants N/A N/A N/A N/A 2Award Rate N/A N/A N/A N/A 50%Average Award Amount $ 1,200.00 $ 1,500.00 $ 1,500.00 $ 1,500.00 $ 1,500.00Applicants Not Funded N/A N/A N/A N/A 1Funding Disparity N/A N/A N/A N/A $ 1,500.00Graduate FY 2005 FY 2006 FY 2007 FY 2008 FY 2009Total Applicants Awarded 5 2 0 2 1Total Funding for Program $ 15,000.00 $ 6,000.00 $ - $ 6,000.00 $ 3,000.00Eligible Applicants N/A N/A N/A N/A 1Award Rate N/A N/A N/A N/A 100%Average Award Amount $ 3,000.00 $ 3,000.00 $ - $ 3,000.00 $ 3,000.00Applicants Not Funded N/A N/A N/A N/A 0Funding Disparity N/A N/A N/A N/A $ -(In thousands)$20$16$12$8$4$-History of Funding (FY 2005 to FY 2009)$12$15$6 $6$6$-$6$3$2 $2FY 2005 FY 2006 FY 2007 FY 2008 FY 2009UndergraduateGraduate12108642010History of Funding (FY 2005 to FY 2009)54 42021 1 1FY 2005 FY 2006 FY 2007 FY 2008 FY 2009UndergraduateGraduateAwards by InstitutionAwards 4-Year Public Institutions Amount1 University of Mississippi Medical Center (Graduate) $ 3,000.001 University of Southern Mississippi (Undergraduate) $ 1,500.002 $ 4,500.00Total AwardsTotal Amount2 $ 4,500.00Undergraduate/Graduate Loan/Scholarship Programs Health Care Professions Loan/Scholarship - 153