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

Leveraging Educational Assistance Partnership (LEAP)Leveraging Educational Assistance Partnership awards, funded in part with state dollars and in part with federal dollars,are available to undergraduate students with substantial financial need, who are attending full-time a Mississippi collegeor university. Awards are administered by the financial aid office on the campus of each participating institution. Theaward amount varies by student, but cannot exceed $1,500 per year. To be eligible, students must be U.S. citizens oreligible non-citizens and Mississippi residents with a high school diploma or its equivalent. Students must complete theFAFSA (Free Application for Federal Student Aid) and demonstrate substantial financial need. The applicationdeadline varies among institutions.History of Funding and AwardsFY 2005 FY 2006 FY 2007 FY 2008 FY 2009Total Applicants Awarded 1,381 1,340 1,326 1,327 1,268Total Funding for Program $ 918,135.00 $ 898,780.00 $ 898,058.00 $ 898,785.00 $ 898,785.00Eligible Applicants N/A N/A N/A N/A 1268Award Rate N/A N/A N/A N/A 100%Average Award Amount $ 664.83 $ 670.73 $ 677.27 $ 677.31 $ 708.82Applicants Not Funded N/A N/A N/A N/A 0Funding Disparity N/A N/A N/A N/A $ -(In thousands)History of Funding (FY 2005 to FY 2009)$920.00$918.14$915.00$910.00$905.00$900.00$898.78$898.06 $898.79 $898.79$895.00$890.00$885.00FY 2005 FY 2006 FY 2007 FY 2008 FY 20091,4001,3801,3601,3401,3201,3001,2801,2601,2401,2201,200History of Awards (FY 2005 to FY 2009)1,3811,340 1,326 1,3271,268FY 2005 FY 2006 FY 2007 FY 2008 FY 2009Awards by InstitutionAwards 4-Year Private Institutions Amount41 Belhaven College $ 48,617.0010 Blue Mountain College $ 7,104.001 Magnolia Bible College $ 1,152.0025 Millsaps College $ 30,819.0064 Mississippi College $ 66,935.0021 Rust College $ 6,055.0012 Tougaloo College $ 14,266.0015 Wesley College $ 2,911.0026 William Carey University $ 30,676.00215 $ 208,535.00Awards 4-Year Public Institutions Amount28 Alcorn State University $ 25,094.0041 Delta State University $ 27,300.0066 Jackson State University $ 53,499.0025 Mississippi University for Women $ 16,217.00Undergraduate Grant Programs Leveraging Educational Assistance Partnership - 35