The following table shows how combinations of Course Level and Student Rank will be treated for the subsidy FTE calculation. An "E" in the third Column indicates that an enrollment with this combination of Course Level and Student Rank would be excluded completely from the subsidy FTE calculation. Course Rank Course Level Level for Subsidy B DS B B FR B B JR B B MS B B ND B B NG B B NM B B NU B B PR B B SO B B SR B D DS D D FR B D JR B D MS M D ND D D NG D D NM M D NU B D PR M D SO B D SR B G DS G G FR G G JR G G MS G G ND G G NG G G NM G G NU G G PR G G SO G G SR G M DS M M FR B M JR B M MS M M ND M M NG M M NM M M NU B M PR M M SO B M SR B P DS P P FR E P JR B P MS P P ND P P NG P P NM P P NU E P PR P P SO E P SR B T DS T T FR T T JR T T MS T T ND T T NG T T NM T T NU T T PR T T SO T T SR T V DS V V FR V V JR V V MS V V ND V V NG V V NM V V NU V V PR V V SO V V SR V