MSVCC P and P Revised

and spring semesters will be totaled and divided by 24 to determine the number of FTE students. Colleges will be compensated for each FTE student provided for during the summer, fall, and spring semesters. All students will register through their district’s host college. All hours generated during the summer, fall and spring semesters that did not make a student full-time will be divided by 24 to determine the number of FTE students for all participating colleges that serve as host only. All colleges participating in the MSVCC will agree to basic MSVCC Operational Guidelines and sign a Memorandum of Agreement (MOA) with the MCCB that outlines the primary responsibilities of the MCCB and the participating colleges. Because FY 2004 is the first year of a five-year phase-in to an FTE funding formula, funding for the Mississippi Virtual Community College is derived from two separate funding formulas. The basis for counting virtual students and the amount of pay derived for virtual students is different in each of the formulas. In the first year of the five-year phase-in, a base amount plus four-fifths (4/5) of the traditional headcount formula is combined with one-fifth (1/5) of the new full-time equivalent (FTE) funding formula to make up the full amount of the formula. 4/5 Headcount Formula During the fall semester, any combination of traditional and on-line semester credit hours (SCH) that equal 12 or more will make a student full time (based on current campus/center status), as long as, all hours are hosted by the same college. This full- time combination of all hours taken will be counted only once, regardless of the number of or the type of hours above 12 SCH’s that are taken by a student. All Mississippi Virtual Community College hours used in this combination will be counted only once, as long as all hours are hosted and provided by the same college. All other Mississippi Virtual Community College hours generated during the summer, fall and spring semesters will be totaled and divided by 24 to determine the number of FTE students. Colleges will be compensated for each FTE student provided for during the summer, fall, and spring semesters at a weight of 0.55. All students will register through their district’s host college. All hours generated during the summer, fall, and spring semesters that did not make a student full-time will be divided by 24 to determine the number of FTE students for all participating colleges that serve as host only. The weight shall be set at 0.55. Accounting for virtual students in the traditional headcount formula is as follows: State Funding for the Mississippi Virtual Community College Consortium, ADOPTED May 5, 2003

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