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

Nursing Education Loan/Scholarship - Master's (NELM)Nursing Education Loan/Scholarship - Master's awards are available to students seeking a Master of Science in nursingat a Mississippi college or university. Students may fulfill the loan-to-service obligation by serving as a professionalnurse or as a teacher in an accredited Mississippi school of nursing for one year for each year of loan received.Participants may receive up to $4,000 per academic year not to exceed $8,000 over two (2) calendar years for full-timestudents. To be eligible, students must be a Mississippi resident with a 3.0 GPA. Students may be enrolled full-time orpart-time. The application deadline is March 31 each year.History of Funding and AwardsFY 2005 FY 2006 FY 2007 FY 2008 FY 2009Total Applicants Awarded 92 70 89 109 37Total Funding for Program $ 301,330.00 $ 232,330.00 $ 303,171.00 $ 376,001.00 $ 115,040.00Eligible Applicants N/A N/A N/A N/A 220Award Rate N/A N/A N/A N/A 17%Average Award Amount $ 3,275.33 $ 3,319.00 $ 3,406.42 $ 3,449.55 $ 3,109.19Applicants Not Funded N/A N/A N/A N/A 183Funding Disparity N/A N/A N/A N/A $ 568,981.62(In thousands)$400$300$200$100History of Funding (FY 2005 to FY 2009)$301.33$232.33$303.17$376.00$115.0415010050History of Awards (FY 2005 to FY 2009)92708910937$-FY 2005 FY 2006 FY 2007 FY 2008 FY 20090FY 2005 FY 2006 FY 2007 FY 2008 FY 2009Awards by InstitutionAwards 4-Year Private Institutions Amount3 William Carey University $ 6,816.003 $ 6,816.00Awards 4-Year Public Institutions Amount3 Alcorn State University $ 9,778.0011 Delta State University $ 43,112.0013 University of Mississippi Medical Center $ 40,001.007 University of Southern Mississippi $ 15,333.0034 $ 108,224.00Total AwardsTotal Amount37 $ 115,040.00Graduate Loan/Scholarship Programs Nursing Education Loan/Scholarship-Master's - 181