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

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<strong>State</strong>-<strong>Supported</strong> Programs: FY <strong>2009</strong> Funding DisparitiesDue to <strong>the</strong> availability <strong>of</strong> appropriated General Funds, some student financial aid programs cannot be fully funded. For <strong>the</strong>se programs, money is awarded on afirst-come, first-served basis until funds have been exhausted. The table below shows <strong>the</strong> total number <strong>of</strong> eligible applicants, <strong>the</strong> number <strong>of</strong> applicants whoreceived awards, <strong>the</strong> calculated rate at which programs were funded, and <strong>the</strong> average award amount. The final two columns show <strong>the</strong> number <strong>of</strong> eligibleapplicants not funded and <strong>the</strong> additional funds required to fully fund <strong>the</strong> programs based on <strong>the</strong> number <strong>of</strong> eligible applicants in FY <strong>2009</strong>.ProgramEligibleApplicantsTotalApplicantsAwardedAwardRateAverageAwardAmountApplicantsFunding DisparityNot FundedUndergraduate Loan/ScholarshipsTeacher ProgramsCritical Needs Teacher Loan/Scholarship (CNTP) 458 215 47% $ 10,879.40 243 $ 2,643,694.20Mississippi Teacher Loan Repayment Program (MTLR) 212 100 47% $ 2,923.75 112 $ 327,460.00Medical ProgramsNursing Education Loan/Scholarship - Bachelor's (NELB) 583 206 35% $ 3,409.20 377 $ 1,285,268.40Nursing Education Loan/Scholarship - RN to BSN (NELR) 35 27 77% $ 3,156.37 8 $ 25,250.96Health Care Pr<strong>of</strong>essions Loan/Scholarship - Undergraduate (HCP) 2 1 50% $ 1,500.00 1 $ 1,500.00Graduate Loan/ScholarshipsTeacher ProgramsCounseling and School Administration Loan/Scholarship (CSA) 255 41 16% $ 1,518.29 214 $ 324,914.06Graduate Teacher Loan/Scholarship (GTS) 967 158 16% $ 1,242.09 809 $ 1,004,850.81SREB Doctoral Scholars Program (SDSP) 8 4 50% $ 20,000.00 4 $ 80,000.00Medical ProgramsNursing Education Loan/Scholarship - Master's (NELM) 220 37 17% $ 3,109.19 183 $ 568,981.77Nursing Education Loan/Scholarship - Ph.D. (NELP) 12 4 33% $ 4,375.00 8 $ 35,000.00Nursing Teacher Stipend (NTSP) 61 3 5% $ 7,000.00 58 $ 406,000.00<strong>State</strong> Dental Education Loan/Scholarship (DENT) 12 4 33% $ 11,530.00 8 $ 92,240.00<strong>State</strong> Medical Education Loan/Scholarship (MED) 14 5 36% $ 11,649.00 9 $ 104,841.00Totals 2,839 805 2,034 $ 6,900,001.20Executive Summary Summary <strong>of</strong> Funding Disparity - 14

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