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

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SREB Regional Contract Program - Osteopathic Medicine and Optometry (SREB) 203Graduate and Professional Degree Loan/Scholarship - Chiropractic Medicine (STSC) 207Veterinary Medicine Minority Loan/Scholarship (VMMP) 211Inactive Loan/Scholarship Programs 213African-American Doctoral Teacher Loan/Scholarship (AADT) 213Critical Area Teacher Education Loan/Scholarship (CATE) 214Federal Insured Student Loan (FISL) 214Family Medicine Loan Repayment Program (FMLR) 215Nursing Education Loan/Scholarship (NELS) 216Paul Douglas Teacher Scholar Program (PDTS) 218Regular Math-Science Loan/Scholarship (RMS) 219Programs Funded through Alternate Sources 221GEAR UP Mississippi Achievement/Student of the Week Award (GUMM) 221GEAR UP Mississippi Scholarship (GUMS) 225Nissan Scholarship (NISS) 233Summer Developmental Program Grant (SUMD) 234Table of Contentsii
Executive SummaryBudget SummaryFor the Fiscal Year 2009, which began July 1, 2008 and ended June 30, 2009, Student Financial Aid (SFA) received anannual appropriation of $30,199,810. Through the annual appropriation process, SFA also received $177,563 in HealthCare Expendable Funds. SFA realized additional revenues in the form of federal funds, the Ayers settlement, interestincome from investments, collection receipts, and grants. SFA experienced a 5% mid-year reduction in General Funds.SFA revenues were expended for the general administration of the state's student assistance programs and for grants andloan/scholarships for students. An overview of SFA budgeted and actual revenues and expenditures is provided below.Fund SourceRevenuesReductionFY 2009 OriginalBudget5%FY 2009 with 5%Reduction BudgetActualGeneral Funds $ 30,199,810.00 $ 1,509,990.50 $ 28,689,819.50 $ 28,689,819.50Health Care Expendable Funds $ 177,563.00 $ - $ 177,563.00 $ 77,724.00Total Appropriated Funds $ 30,377,373.00 $ 1,509,990.50 $ 28,867,382.50 $ 28,767,543.50Federal Funds (LEAP) $ 254,500.00 $ - $ 254,500.00 $ 254,500.00Ayers Summer Development $ 500,000.00 $ 500,000.00 $ 500,000.00Interest Income/Collections $ 613,275.29 $ - $ 613,275.29 $ 799,930.96Private/State/Federal Grants $ 1,500,000.00 $ - $ 1,500,000.00 $ 1,649,418.50Total Other Funds $ 2,867,775.29 $ - $ 2,867,775.29 $ 3,203,849.46Total $ 33,245,148.29 $ 1,509,990.50 $ 31,735,157.79 $ 31,971,392.96ExpensesFund SourceFY 2009 OriginalBudgetReductionSalaries & Fringes $ 546,236.00 $ - $ 546,236.00 $ 566,719.30Travel $ 11,325.00 $ - $ 11,325.00 $ 3,403.64Contractual Services $ 583,312.00 $ - $ 583,312.00 $ 589,622.34Commodities $ 16,000.00 $ - $ 16,000.00 $ 7,458.91Capital Outlay $ 10,675.00 $ - $ 10,675.00 $ 10,675.60Total Administration $ 1,167,548.00 $ - $ 1,167,548.00 $ 1,177,879.79State-Supported Programs $ 29,209,825.00 $ 1,509,990.50 $ 27,699,834.50 $ 28,635,586.67Other Programs $ 2,867,775.29 $ 2,867,775.29 $ 2,157,926.50Total $ 33,245,148.29 $ 1,509,990.50 $ 31,735,157.79 $ 31,971,392.965%FY 2009 with 5%Reduction BudgetActualExecutive Summary Budget Summary - 1
Page 1: A Report to the Mississippi Legisla
Page 6 and 7: Program Expenditures and Awards Sum
Page 8 and 9: Student Financial Aid Programs (FY
Page 10 and 11: State-Supported Programs: History o
Page 12 and 13: $18$16$14$15.81$15.25 $15.29Funding
Page 14 and 15: (In millions)$3.0$2.5$2.0$1.5$1.0Fu
Page 16 and 17: $1.4$1.2$1.22 $1.20Funding for Grad
Page 18 and 19: State-Supported Programs: FY 2009 F
Page 20 and 21: Mississippi Gulf Coast CC - Jeff Da
Page 22 and 23: Summary of State-Supported Loan/Sch
Page 24 and 25: Summary of Revenue Collected in Rep
Page 26 and 27: Awards 4-Year Public Institutions A
Page 32 and 33: Name Institution AwardHays, Anna C
Page 34 and 35: Name Institution AwardNarcisse, Den
Page 36 and 37: Name Institution AwardRodgers, Kale
Page 38 and 39: Undergraduate Grant Programs Higher
Page 42 and 43: Name Institution AwardRogers, Tiffa
Page 44 and 45: Graduate Grant Programs Public Mana
Page 46 and 47: Recipients by InstitutionName Insti
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PrincipalNameRepaymentStatus Servic
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Former Award Recipients Paid in Ful
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PrincipalNameRepaymentMethod Princi
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Awards Loan Servicer Amount1 Studen
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Name Loan Servicer AwardMcDonald, C
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Awards 4-Year Public Institutions A
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Name Institution AwardHarper, Danie
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Name Institution AwardDixon, Tasha
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Name Institution AwardLove, Ashley
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Recipients by InstitutionName Insti
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Name Institution AwardFlynt, Ashley
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Name Institution AwardWilliamson, W
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Undergraduate/Graduate Loan/Scholar
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Graduate Loan/Scholarship Programs
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Awards 4-Year Public Institutions A
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Name Institution Name AwardBusby, P
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Former Award Recipients in Repaymen
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Name Institution AwardBallard, Moni
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Name Institution AwardFortinberry,
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Revenue Collected in Repayment duri
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Critical Area Teacher Education Loa
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Nursing Education Loan/Scholarship
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Revenue Collected in Repayment duri
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Inactive Loan/Scholarship Programs
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Name Institution AwardLewis, Marcel
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Name Institution AwardAnderson, Rus
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Name Institution AwardSamuel, Britt
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Name Institution AwardParks, Jennes
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Name Institution AwardColeman, Arth
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Summer Developmental Program Grant
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Name Institution AwardSmith, Kiara
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2009 Annual Report of the State-Supported Student Financial Aid ...

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