Post on 15-Dec-2015
Louisiana’s First Choice for College AccessLouisiana Postsecondary Education Review Commission
December 14, 2009Presented By:
Melanie AmrheinExecutive Director
Student Aid Sources
• Federal
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• Institutional
• State
Statutory Bodies Responsible for Student Financial Aid
Louisiana Board of Regents is responsible for the formulation of financial aid policy as it relates to the state’s tuition policy and Master Plan for Higher Education (Act 695 of the 2004 Regular Session of the Louisiana Legislature)
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Louisiana Student Financial Assistance Commission administers assigned state and federal scholarship programs and the Federal Family Education Loan Program (FFELP) within the BOR (Act 409 of the 2009 Regular Session). Composition represents all higher education management boards, the Governor’s Office, Board of Elementary and Secondary Education, Board of Regents, LA Association of Independent Colleges and Universities and the Louisiana banking community.
Louisiana Office of Student Financial Assistance is responsible for performing the functions of all programs assigned its two governing bodies.
History of State Grant Aid in Louisiana
1939 – 2000 T.H. Harris Scholarship
1975 – Present LA LEAP Grant (SSIG)
1989 – 1998 Tuition Assistance Plan (TAP)
1992 – 1998 LA Honor Scholarship
1998 – Present TOPS
2007 – Present LA GO Grant
2007 – Present Early Start (Dual Enrollment)
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Louisiana Office of Student Financial AssistancePrograms Administered
SGF – State General Fund SD – Statutory Dedication Fed – Federal Funds 5
Programs Currently Funded Type Current Appropriation Type of Program
Louisiana Go Grant SGF $34,226,000 Need Based Aid
Early Start SGF $6,500,000 Dual Enrollment
Rockefeller State Wildlife Scholarship
SD $60,000 Loan Forgiveness
TOPS Taylor Opportunity Program for Students
SGFSD
$107,963,639$21,904,501
Merit Based Aid–
LEAP Leveraging Educational Assistance Partnership
SGFFed $445,165
$1,024,687 Need Based Aid-
SLEAP Special Leveraging Educational Assistance Partnership
SGFFed
Go Grant Match$481,694
Need Based Aid-
HCELP Health Care Educators Loan Program (MOU with BOR)
SGF $2,000,000 Loan Forgiveness–
2009-2010 Appropriation
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Aid based on Need Aid based on Need and Merit Aid based on Merit Special Purpose7
Financial Aid Comparisons(Based on 2007-2008 NASSGAP Data)
Financial Aid Overview
Cost of Attendance (COA)
-Expected Family Contribution (EFC)
=Financial Need
- Aid and Resources
= Remaining Financial Need
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• Cost of Attendance (COA) – set by school– Tuition and Fees– Books and Supplies– Room and Board– Transportation – Personal Expenses
National Average for 4 year public = $17,417
Louisiana Public 4-Year Average = $15,514
National Average for 2 year public = $13,126
Louisiana Public 2-Year Average = $ 9,160
Financial Aid Overview
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• Expected Family Contribution (EFC)• Ability to Pay
o Parent’s Contribution (If Student is Dependent)o Student’s Contribution
• Determined by Free Application for Federal Student Aido Incomeo Assetso Savingso Family size/Number in collegeo State of Legal Residence
Financial Aid Overview
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• Grant Aid and Resources• Need Based Aid – Provides access to postsecondary
education to students whose ability to pay is limitedo Federal Pell Granto Federal Academic Competitiveness Granto Federal SMART Granto State Grants
• Merit Based Aid – Provides a Reward for Talent/ Achievement /Ability/Other Non-Financial Criteriao State Scholarshipso Institutional Scholarships o Private Scholarships
Financial Aid Overview
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62,659 Louisiana Undergraduates Received Pell GrantPublic Colleges and Universities (2007-2008)
Mean $2,873Median $3,060Mode $4,310
Maximum Pell Grant for the 2007-2008 Award Year was $4,310.12
Pell Grant Maximum Payment
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Pell Grant Maximum Payment and Tuition and Fees Comparison
The Nation and South data is enrollment weighted, current dollars tuition and fees for public four-year schools for the nation and College Board southern region respectively. The source of the data is The College Board Annual Survey of Colleges. 14
Max Pell Award Nation South Louisiana 4-year Public
Taylor Opportunity Program for Students (TOPS)
• Act 1375 of the 1997 Regular Session of the Louisiana Legislature
• Merit Based Scholarship Program
• Award pays amount equal to public tuition & certain fees
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TOPS Academic Awards
Award Name
Minimum Required HS GPA (Core)
Minimum ACT Composite(Based on State Average)
Required Curriculum
Award Value8 Semesters or 12 Quarters
Opportunity 2.5 20 17.5 CreditsPrescribed College Prep
Amount equal to tuition and some fees
Performance 3.0 23 17.5 Credits Prescribed College Prep
Amount equal to tuition and some fees plus$400 stipend
Honors 3.0 27 17.5 CreditsPrescribed College Prep
Amount equal to tuition and some fees plus$800 stipend
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TOPS Technical Award
Award Name
Minimum RequiredHS GPA (Core)
Minimum ACT Composite Required Curriculum
Award Value2 Years
TOPS Tech 2.5 17 Option 1 – 17 creditsTechnical Core
Option 2 - 19 creditsWith career option plan
Option 3 – 17.5 creditsRegular TOPS Academic Core
Tuition at an eligible technical college
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*Total Awards to students since inception, including 23,509 awards in Academic Year 1998-99, 29,120 in 1999-2000, 35,726 in 2000-2001, 40,856 in 2001-2002, 40,114 in 2002-2003, 41,044 in 2003-2004, 42,461 in 2004-2005, 42,503 in 2005-2006, 43,602 in 2006-2007, 42,122 in 2007-2008, 42,164 in 2008-2009, and 41,288 in 2009-2010 as of November 20, 2009.
**Includes TOPS Tech Early Start
TOPS Paid by School Type (Cumulative as of November 20, 2009)
School TypeCumulative Awards to Students*
Cumulative $
% of Total Awards
% of Total Dollars
2 & 4 Year Public Colleges and Universities
400,793 $1,068,751,285
87.4% 89.8%
LCTCS Schools 15,773 $16,463,292 3.4% 1.4%
Private Colleges and Universities
41,821 $105,265,174 9.1% 8.8%
Proprietary Schools 18 $4,554 0.0% 0.0%
Totals** 458,405* $1,190,484,305
100.0% 100.0%
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Growth in TOPS Expenditures and RecipientsAs of October 30, 2009
Note: The 2009-10 Academic Year data shows the amount appropriated and projected to be expended for the year and the number of recipients to date.
$ in Millions Students
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Ethnicity of TOPS Recipients
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TOPS Funding
54.0 67.4 90.2 104.0 104.6 110.5 117.1 116.9 120.6 116.6 122.8 129.9
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TOPS Legislation by SessionLegislative Session Bills Filed Bills Enacted
1997 Regular Session 1 1 Act 1375
1998Regular Session 0 0 1st Extraordinary
Session14 1 Act 165
1999 Regular Session 31 7 Acts 438, 777, 805, 1196, 1295, 1302, HCR 328
2000
Regular Session 2 0 1st Extraordinary
Session13 6 Acts 69, 73, 105, 110, 133, SR 31
2nd Extraordinary Session
0 0
2001
Regular Session 46 8Acts 351, 1042, 1053, 1144, 1192, 1202, 1221,
SCR 1311st Extraordinary
Session0 0
2nd Extraordinary Session
2 1 Act 9
2002Regular Session 0 0 1st Extraordinary
Session0 0
2003 Regular Session 29 11Acts 63, 81, 214, 220, 393, 401, 1121, 1235,
1237, HCR 213, HSR 16
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TOPS Legislation by Session (cont)
Legislative Session Bills Filed Bills Enacted
2004Regular Session 29 6 Acts 472, 507, 625, 800, 804, HCR 2661st Extraordinary
Session0 0
2005Regular Session 11 5 Acts 105, 194, 348, 412, HR 1081st Extraordinary
Session4 2 Act 64, 65
2006
Regular Session 7 0 1st Extraordinary
Session0 0
2nd Extraordinary Session
0 0
2007 Regular Session 3 2 Acts 372, 412
2008
Regular Session 14 4 Acts 19, 652, 754, HR 150, SCR 971st Extraordinary
Session0 0
2nd Extraordinary Session
0 0
2009 Regular Session 7 3 Act 232, HCR 180, SCR 68Total 213 57
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2008-2009 TOPS and Go Grant Comparison
TOPS41,664
Students$122,860,288
Go Grant16,015
Students$25,901,289
TOPS and Go Grant
4,898 Students$9,104,871 Go Grant$13,388,118 TOPS
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Louisiana Go Grant
• Approved in 2007 by Joint Education Committees as part of the State Financial Aid Policy
• Need Based Aid Program
• Provides supplemental funding to help meet basic college costs
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Go Grant Eligible Recipients
• Entering first time freshmen and designated re-entering “non-traditional” students (25 or older) were 1st eligible cohort
• New first time freshmen cohorts are added annually– 2009-10 marks third year and third cohort
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Go Grant Funding/Students
YearAppropriation
(Spent)Students Awarded
2007- 2008$15,000,000
($16,992,769)11,062
2008-2009$24,226,000
($26,026,000)15,922
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Go Grant Framework– Must receive a Pell Grant– Must be in eligible cohort– Must meet institution’s requirements for Admission
and Satisfactory Academic Progress
Full-time tuition and mandatory fees
+ $2000 (Education Cost Allowance)
= Louisiana Basic College Cost (LBCC)
-Student’s FT Federal Pell Grant Amount
= Education Cost Gap (ECG)
The ECG was developed as an indicator of a student’s basic financial need.
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Go Grant Framework
• Prior to 2009-10, students with any ECG above 0 would receive a full award based on enrollment status:
– Full Time = $2,000– Half-time = $1,000– Part-time = $ 500
The award would then be added to the student’s “Aid and Resources” in their Institutional Cost of Attendance (COA)
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Cost of Attendance (COA)
Set by each institution for determining federal aid eligibility
National Average for 4 year public = $17,417
Louisiana Average for 4 year public = $15,514
National Average for 2 year public = $13,126
Louisiana Average for 2 year public = $ 9,160
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Go Grant Calculation Examples4 Yr Public
COA = $19,436
EFC = $0
Pell = $4,731
Unmet Need = $14,705
Go Award = $2,000
4 Yr Public
LBCC = $7,005
Pell = $4,731
ECG = $2,274
Go Award
= $2,000
2 Yr Public
LBCC = $3,854
Pell = $3,750
ECG = $ 104
Go Award
= $2,000
2 Yr Public
COA = $11,220
EFC = $3,300
Pell = $3,750
Unmet Need = $4,170
Go Award = $2,00031
Go Grant Revisions
• Original projections predicted a needed appropriation of $41,608,000 for 4th year cohort
• Funding shortfall occurred in 2008-09 (2nd year)
• Due to “level funding” for 3rd year, major changes were made to the program
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Go Grant Funding/Students
2009-2010(Framework Change)
$24,226,000 + 10,000,000
20,401 (Projected)
2010-2011(Retaining Framework)
$34,226,121 (Budget Request)
23,710 (Projected)
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YearAppropriation
(Spent) Students Awarded
2007 - 2008$15,000,000
($16,992,769)11,062
2008 - 2009$24,226,000
($26,026,000)15,922
2009-10 Change to Framework
• ECG became the actual award amount (capped at 2000)
• Minimum award was set at $200
• Maximum award was set for each enrollment status:– Full-Time Max = $2,000– Half-time Max = $1,000– Part-time Max = $ 500
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Go Grant Calculation Examples
4 Yr Public
LBCC $7,225
- Pell - $5,350
= ECG = $1,905
Go Award = $1,905
COA $19,436
4 Yr Public
LBCC $7,005
- Pell - $4,731
= ECG = $2,274
Go Award = $2,000
2 Yr Public
LBCC $3,854
- Pell - $3,750
= ECG = $ 104
Go Award = $2,000
2 Yr Public
LBCC $3,947
- Pell - $3,900
= ECG = $47
Go Award = $0
COA = $11,220
2008-2009 2009-2010
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Go Grant Recipients by School Type
Data as of 12/3/09
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Ethnicity of Go Grant Recipients
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Other Student Aid
• Other Federal Grant Programs
• Student Loans
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Students Completing Rigorous HS Curricula for ACG
2007-2008 Undergraduate FTE
State Designated(TOPS/Regents
Core)
Total (includes Honors and Federally Defined
Coursework)
IOWA 175,964
1596 5811
KENTUCKY (SREB)174,782
16937140
LOUISIANA (SREB)167,252 5547 7390
OKLAHOMA (SREB)151,840 3541 5485
S. CAROLINA (SREB)158,663 2956 7896
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Student LoansBorrowing Limits Per Year
Dependent Students• Freshmen $3,500 Subsidized
$2,000 Unsubsidized• Sophomore $4,500 Subsidized
$2,000 Unsubsidized• Other Undergrad $5,500 Subsidized
$2,000 Unsubsidized
Independent Students Additional $4,000 Unsubsidized
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Louisiana Federal Family Education Loan Program (FFELP) and Direct Loan Program
$854,187,337
$21,323,217
$865,627,866
$31,883,410
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186,552 Loans
5,723 Loans
179,533 Loans
8,587 Loans
Percentage of 2008 Graduates with Debt and Average Debt Level
Source: Student Debt and the Class of 2008, The Project on Student Debt, December 2009.
Note: According to the report, these figures may understate average debt levels by as much as $5,000 and the percentage of students with debt by as many as 12 percentage points due to data limitations.
• Nation: 67% of students graduating from four-year colleges and universities had student loan debt with an average debt level of $23,200.
• Louisiana: 49% of students graduating from four-year colleges and universities had student loan debt with an average debt level of $17,827.
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Case Studies
Student #1 Student #2
Parent Income $ 29,000 $110,000
Taxes Paid (est) $ 4,350 $ 27,500
Assets $ 0 $ 25,000
Family Size/Number in
College5/2 5/2
EFC 0 7,403
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Financial Need Comparisons4-yr Public
*EFC = 0 – 4617, student qualifies for Pell Grant of $5350 - $976
**Academic Competitiveness Grant
1st year award = $750, 2nd year award = $1300
Sunsets in academic year 2010-11. 44
Student #1 Student #2
COA $19,436 $19,436
- EFC $0 $7,403
= Financial Need $19,436 $12,033
- Pell Grant* $5,350 $0
-ACG** $750 $0
-TOPS $3,668 $3,668
- GO Grant $1,905 $0
= Remaining Need $7,763 $8,365
Financial Need Comparison2 Yr Community College
*EFC = 0 – 4617 , student qualifies for Pell Grant of $5350 - $976
**Academic Competitiveness Grant
1st year award = $750, 2nd year award = $1300
Sunsets in academic year 2010-11.
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Student #1 Student #2
COA $11,220 $11,220
- EFC $0 $7,403
= Financial Need $11,220 $3,817
- Pell Grant* $5,350 $0
-ACG** $750 $10
-TOPS $1,602 $1,602
- GO Grant $0 $0
= Remaining Need $3,518 $2,215