Presentation is loading. Please wait.

Presentation is loading. Please wait.

MASFAA 2012 Annual Conference Decoding the Codes: A Guide to IHL Reports May 24, 2012.

Similar presentations


Presentation on theme: "MASFAA 2012 Annual Conference Decoding the Codes: A Guide to IHL Reports May 24, 2012."— Presentation transcript:

1 MASFAA 2012 Annual Conference Decoding the Codes: A Guide to IHL Reports May 24, 2012

2 Reports MOSFA generates: –Award Report –Disbursement Reports –Balancing Report –GEAR UP Scholarship Program Report Institution generates: –Grade Report –Enrollment Report –Summer Development Program Enrollment Report –Refunds/Refund Report Both contribute: –Balancing Report –Summer Development Program Enrollment Report –GEAR UP Scholarship Program Report

3 MOSFA-Generated Reports Award Report Adjustment Codes Disbursement Reports Balancing Report GEAR-UP Scholarship Program Report

4 Award Report Posted on SSL site as award offers made Data elements on Award Report: –Student information –Program name –Report date –Amount awarded by term –New award or adjustment indicator –Reason for change (if applicable)

5 Adjustment Codes CodeDescription CAN Award has been cancelled CHG We have been notified that student is attending another institution. CLS Student’s classification has changed since award was made. COA Student aid package exceeds cost of attendance. COP Cooperative work semester DEC Student declined the award DEF Student has a defaulted educational loan and is not eligible for any state financial aid. DEG Student has a degree or certificate. Student has a vocational certificate and is working on a second vocational certificate. Student has an associate degree and is still at a 2-year institution. Student has a bachelor’s degree. DLD Deadline date for CONT/RURG/CERT DTH Death FUL Student is now eligible for full Pell grant, MTAG has been cancelled. GPA The GPA reported by high school is less than the minimum for the program. HR1 The student failed to complete the required numbers the previous semester. LFT The student is enrolled less than full-time and is not eligible the current semester.

6 Adjustment Codes (Cont.) CodeDescription LHTThe student is enrolled less than half-time and is not eligible the current semester. LOAThe student is on an approved leave of absence. LPSCurrent semester award cancelled because student was less than full-time the previous semester. MAJStudent is not in Major require by this state program. MAXAlready received the Maximum allowed under this state program. NEDThe student has exceeded their need and is not eligible for funds. NERThe student is not enrolled for the current semester. NESNot eligible school NRCYour institution has not record of the student. PARStudent participating in another state funded program PELThe amount of PELL Grant eligibility has changed. PJA favorable professional judgment has been made for this student. PRBStudent’s financial has been suspended because GPA is below the minimum. PROStudent in a Professional program. PRTPart-time prorated for Nursing or Critical Needs Teacher PTEStudent plans to attend part-time RESIt has been determined that the student is not a Mississippi Resident.

7 Disbursement Reports Posted on SSL site when funds disbursed Data elements on Disbursement Report (Financial Aid Office) –Student information –Program name –Annual award amount –Amount disbursed –Check number Data elements on Disbursement Summary Report (Business Office) –Total disbursed by program/institution –Check number –Check date –Mail date –EFT number

8 Balancing Report MOSFA generates initial report Posted on SSL site mid-term Data elements on Balancing Report: –Student information –Term –Program name –Total disbursed for student by program Institution certifies institution and MOSFA balance; balancing deadline near term end

9 GEAR UP Scholarship Program Report MOSFA generates initial report Posts to SSL site during awarding period Requests the following data elements for GEAR UP applicants : –Cost of Attendance –EFC –Pell award amount –Other aid –GEAR UP Mississippi award amount Institution provides requested data

10 Institution-Generated Reports Grade Report Enrollment Verification Report Summer Development Program Enrollment Report

11 Grade Report Due 5 th working day after term ends on SSL site Data elements on grade report: –Student information –Student type (UG/GR) –Term hours attempted –Term earned hours –Term quality points –Term GPA –Term pass/fail hours –Term incomplete hours –Total hours attempted –Total hours earned –Total quality points –Cumulative GPA –Coop during term –End of term classification –Major –Degree sought –Degree date if current term –Expected grad date –Comment

12 Enrollment Report Due 6-11 days after term begins on SSL site Data elements on Enrollment Report: –Student information –Student type (UG/GR) –Coop term –Term classification –Term hours enrolled –Term enrollment status –School address

13 Summer Developmental Program Enrollment Report Institution generates initial report of all students enrolled in the Summer Developmental Program MOSFA determines which “enrolled” students met the July 21 application deadline, and requests: –Cost of Attendance –EFC –Summer EFC –Pell award amount –Other aid –SUMD award amount

14 Refunds and Refund Report Institution refunds money to MOSFA Institution includes refund report/roster with refund

15 Required Reports by Term Fall –Enrollment –Balancing –Refunds –Grade Winter (WCU) –Enrollment –Balancing –Refunds –Grade Spring –Enrollment –Balancing –Refunds –Grade Summer (nursing, GTS, CSA only) –Enrollment for nursing –Balancing for nursing –Refunds for nursing –Grade for nursing, GTS/CSA

16 Reporting Suggestions Programmers write reports and save in central repository for use each term Establish internal schedule for running reports If MOSFA advises of errors in institutional report, involve programmers to correct root problem to eliminate same problem for future reporting

17 Reporting Deadlines Grade Reports – 5 th working day after term ends Enrollment Reports – 6-11 days after term begins Certification of Balancing Reports – near term end Refunds – near term end

18 Deadlines Online?

19 Returning Funds Current Policy –If student drops below FT or withdraws AFTER receives money, keeps money for term and student loses for next term –If student drops below FT or withdraws BEFORE receives money, money returned for term and student loses for current term AND next term.

20 Full-time Enrollment 12 semester hours/9 trimester hours Only courses listed as “undergraduate” in course catalog accepted for undergraduate students Courses must be term bound - some independent study or correspondence courses are not accepted

21 Summer Disbursement for Nursing Education L/S Will ONLY pay trailing summer Student requests payment schedule on app. BSN; RN to BSN; MSN; and RN to MSN: Fall/Spring - $1,500, Summer - $1,000 Ph.D./DNP: Fall/Spring - $1,875; Summer - $1,250 Part-time disbursements will be pro-rated based on enrollment report (FT, TT, HT, QT)

22 MOSFA Staff OR Jennifer Rogers, Director – –Programs: GEAR UP, Youth Advisory Board Meg Harris, Assistant Director – –Programs: Nursing Education (N-Z), Nursing Teacher Stipend (N-Z), William Winter, Counselor and School Administrator, and Graduate Teacher Beverly Jackson, Senior Systems Analyst – –Handles all reports (grade, enrollment, balancing) and rosters (disbursement, award, etc.) Babs McAlpin, Program Administrator – –Programs: HELP, Nissan, Graduate and Professional Degrees, State Medical, State Dental, Summer Development, SREB Regional Contract Program, Vet Med, Health Care Professions, Law/Fire, Doctoral Scholars, and Public Management Graduate Intern Apryll Washington, Program Administrator – –Programs: Nursing Education (A-M), Nursing Teacher Stipend (A-M), Critical Needs, MS Teacher Loan Repayment Wayne Carlisle, Systems Analyst – Renotta Jones, Administrative Assistant – Shirley Mitchell, Secretary/Receptionist –

23 Questions?


Download ppt "MASFAA 2012 Annual Conference Decoding the Codes: A Guide to IHL Reports May 24, 2012."

Similar presentations


Ads by Google