Louisiana Office of Student Financial Assistance (LOSFA) A ...senate.la.gov/Tops/Presentations/LOSFA...
Transcript of Louisiana Office of Student Financial Assistance (LOSFA) A ...senate.la.gov/Tops/Presentations/LOSFA...
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
, Ed.D. Executive Director
Presented to Board of Regents Board Development
August 24, 2016
Sujuan W. Boutté, Ed.D.
Executive Director
Presented to TOPS Legislative Taskforce
October 25, 2017
Cost of Attendance
(COA)
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
• What is Cost of Attendance (COA)? – Tuition and fees
– Room and board
– Books and supplies
– Transportation
– Miscellaneous personal expenses
– Dependent Care expenses (if applicable)
• What is Expected Family Contribution (EFC) and how is it determined? – The EFC is a measure of your family’s financial
strength and is calculated according to a formula established by federal law.
– Determined by looking at: – Income
– Assets (excluding the family home)
– Family size
– Number of family members attending college (excluding parents)
– Age of parents
• What is a “Full Ride”? – Tuition and fees
– Room and board
– Books and supplies
– DOES NOT INCLUDE: Transportation, Miscellaneous personal expenses and Dependent Care Costs
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LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
Formula for Determination of Financial Need
Cost of Attendance (COA)
-Expected Family Contribution (EFC)
=Financial Need
- Aid and Resources
= Remaining Financial Need*
* Student must work or borrow to meet this amount. 3
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
Types of Aid & Resources • Gift Aid (Need and Merit Based):
– Federal Aid (Need Based)
• PELL Grant – grant money – does not need to be repaid
• SEOG Grant – grant money – does not need to be repaid
• Federal Work Study Jobs – pay for work– does not need to be repaid
– State Aid (Need Based)
• GO Grant – grant money – does not need to be repaid
– State Aid (Merit Based)
• TOPS Scholarship – scholarship money – does not need to be repaid
– Institutional Aid (Need or Merit Based) – normally does not need to be repaid
• Self-Help – Wages earned through work – pay earned for work
– Loans – borrowed money – must be repaid
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LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
What Proportion of COA does TOPS Cover?
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LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
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PERCENTAGE OF TUITION COVERED BY TOPS AWARD As of August 1, 2017 *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE.
UNDERGRADUATE ONLY
SOUTHERN UNIVERSITY SYSTEM
Southern Baton Rouge $4,973.00 $4,973.00 $0.00 100.0%
Southern New Orleans $4,236.00 $4,236.00 $0.00 100.0%
Southern Shreveport $2,618.00 $2,618.00 $0.00 100.0%
UNIVERSITY OF LOUISIANA SYSTEM
Grambling $5,140.00 $5,140.00 $0.00 100.0%
Louisiana Tech ** $5,553.00 $5,553.00 $0.00 100.0%
McNeese $5,147.00 $5,147.00 $0.00 100.0%
Nicholls $4,922.00 $4,922.00 $0.00 100.0%
Northwestern $5,180.00 $5,180.00 $0.00 100.0%
Southeastern $5,777.00 $5,652.00 $125.00 97.8%
Univ. of LA at Lafayette $5,407.00 $5,407.00 $0.00 100.0%
Univ. of LA at Monroe $5,788.00 $5,788.00 $0.00 100.0%
UNO $6,090.00 $6,090.00 $0.00 100.0%
LOUISIANA STATE UNIVERSITY SYSTEM
LSU Alexandria $4,894.00 $4,894.00 $0.00 100.0%
LSU A&M $7,463.00 $7,463.00 $0.00 100.0%
LSU Eunice $2,711.00 $2,710.00 $1.00 100.0%
LSU Shreveport $5,372.00 $5,372.00 $0.00 100.0%
LSU HSC NO -Allied Health $7,673.00 $7,673.00 $0.00 100.0%
LSU HSC NO - Dental Hygiene $5,517.00 $5,517.00 $0.00 100.0%
LSU HSC NO - Dental Lab Tech $4,987.00 $4,987.00 $0.00 100.0%
LSU HSC NO - Nursing $5,612.00 $5,612.00 $0.00 100.0%LSU HSC Shr - Allied Health $7,183.00 $7,183.00 $0.00 100.0%
Baton Rouge Comm. College $3,086.00 $3,086.00 $0.00 100.0%
Bossier Parish Comm. College $3,214.00 $3,214.00 $0.00 100.0%
Delgado Comm. College $3,214.00 $3,214.00 $0.00 100.0%
Louisiana Delta Comm. College $3,214.00 $3,214.00 $0.00 100.0%
L.E. Fletcher Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%
Elaine P Nunez Comm. College $3,214.00 $3,214.00 $0.00 100.0%
River Parishes Comm. College $3,214.00 $3,214.00 $0.00 100.0%
South Louisiana Comm. College $3,214.00 $3,214.00 $0.00 100.0%
SOWELA Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%
Northshore Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%
Central Louisiana Tech. Comm. Coll. $3,214.00 $3,214.00 $0.00 100.0%
Northwest Louisiana Tech. College $2,081.00 $2,081.00 $0.00 100.0%
South Central LA Tech. College $2,081.00 $2,081.00 $0.00 100.0%
PERCENTAGE
COVERED BY TOPS
*TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.
**CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)
ANNUAL RESIDENT
TUITION (12 HRS)
AMOUNT ANNUAL TOPS
OPPORTUNITY AWARD
ADDITIONAL COSTS
AFTER TOPS AWARD
LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM
Tuition data comes from the BOR 2017-18 Tuition and Fees Survey
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
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PERCENTAGE OF TUITION & FEES COVERED BY TOPS AWARD As of August 1, 2017 *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE.
UNDERGRADUATE ONLY
SOUTHERN UNIVERSITY SYSTEM
Southern Baton Rouge $8,666.00 $4,973.00 $3,693.00 57.4%
Southern New Orleans $6,891.00 $4,236.00 $2,655.00 61.5%
Southern Shreveport $4,132.00 $2,618.00 $1,514.00 63.4%
UNIVERSITY OF LOUISIANA SYSTEM
Grambling $7,443.00 $5,140.00 $2,303.00 69.1%
Louisiana Tech ** $9,615.00 $5,553.00 $4,062.00 57.8%
McNeese $7,727.00 $5,147.00 $2,580.00 66.6%
Nicholls $7,885.00 $4,922.00 $2,963.00 62.4%
Northwestern $8,588.00 $5,180.00 $3,408.00 60.3%
Southeastern $8,153.00 $5,652.00 $2,501.00 69.3%
Univ. of LA at Lafayette $9,876.00 $5,407.00 $4,469.00 54.7%
Univ. of LA at Monroe $8,470.00 $5,788.00 $2,682.00 68.3%
UNO $8,734.00 $6,090.00 $2,644.00 69.7%
LOUISIANA STATE UNIVERSITY SYSTEM
LSU Alexandria $6,724.00 $4,894.00 $1,830.00 72.8%
LSU A&M $11,318.00 $7,463.00 $3,855.00 65.9%
LSU Eunice $4,258.00 $2,710.00 $1,548.00 63.6%
LSU Shreveport $7,167.00 $5,372.00 $1,795.00 75.0%
LSU HSC NO -Allied Health $9,032.00 $7,673.00 $1,359.00 85.0%
LSU HSC NO - Dental Hygiene $6,830.00 $5,517.00 $1,313.00 80.8%
LSU HSC NO - Dental Lab Tech $6,291.00 $4,987.00 $1,304.00 79.3%
LSU HSC NO - Nursing $6,923.00 $5,612.00 $1,311.00 81.1%LSU HSC Shr - Allied Health $8,356.00 $7,183.00 $1,173.00 86.0%
Baton Rouge Comm. College $4,221.00 $3,086.00 $1,135.00 73.1%
Bossier Parish Comm. College $4,283.00 $3,214.00 $1,069.00 75.0%
Delgado Comm. College $4,129.00 $3,214.00 $915.00 77.8%
Louisiana Delta Comm. College $4,159.00 $3,214.00 $945.00 77.3%
L.E. Fletcher Tech. Comm. College $4,089.00 $3,214.00 $875.00 78.6%
Elaine P Nunez Comm. College $4,175.00 $3,214.00 $961.00 77.0%
River Parishes Comm. College $4,079.00 $3,214.00 $865.00 78.8%
South Louisiana Comm. College $4,205.00 $3,214.00 $991.00 76.4%
SOWELA Tech. Comm. College $4,185.00 $3,214.00 $971.00 76.8%
Northshore Tech. Comm. College $4,103.00 $3,214.00 $889.00 78.3%
Central Louisiana Tech. Comm. Coll. $4,084.00 $3,214.00 $870.00 78.7%
Northwest Louisiana Tech. College $2,976.00 $2,081.00 $895.00 69.9%
South Central LA Tech. College $2,976.00 $2,081.00 $895.00 69.9%
Highest COA Institution in each System highlighted.
PERCENTAGE
COVERED BY TOPS
*TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.
**CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)
ANNUAL RESIDENT
TUITION & FEES (12 HRS)
AMOUNT ANNUAL TOPS
OPPORTUNITY AWARD
ADDITIONAL COSTS
AFTER TOPS AWARD
LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM
Tuition and Fees data comes from the BOR 2017-18 Tuition and Fees Survey
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
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PERCENTAGE OF COA (Living w/ Parents) COVERED BY TOPS AWARD As of August 1, 2017
UNDERGRADUATE ONLY
SOUTHERN UNIVERSITY SYSTEM
Southern Baton Rouge $8,666 $3,292 $1,300 $1,916 $2,042 $17,216 $4,973 $12,243 28.9%
Southern New Orleans $6,891 $3,292 $1,300 $1,916 $2,042 $15,441 $4,236 $11,205 27.4%
Southern Shreveport $4,132 $3,292 $1,300 $1,916 $2,042 $12,682 $2,618 $10,064 20.6%UNIVERSITY OF LOUISIANA SYSTEM
Grambling $7,443 $3,292 $1,300 $1,916 $2,042 $15,993 $5,140 $10,853 32.1%
Louisiana Tech * $9,615 $3,292 $1,300 $1,916 $2,042 $18,165 $5,553 $12,612 30.6%
McNeese $7,727 $3,292 $1,300 $1,916 $2,042 $16,277 $5,147 $11,130 31.6%
Nicholls $7,885 $3,292 $1,300 $1,916 $2,042 $16,435 $4,922 $11,513 29.9%
Northwestern $8,588 $3,292 $1,300 $1,916 $2,042 $17,138 $5,180 $11,958 30.2%
Southeastern $8,153 $3,292 $1,300 $1,916 $2,042 $16,703 $5,652 $11,051 33.8%
Univ. of LA at Lafayette $9,876 $3,292 $1,300 $1,916 $2,042 $18,426 $5,407 $13,019 29.3%
Univ. of LA at Monroe $8,470 $3,292 $1,300 $1,916 $2,042 $17,020 $5,788 $11,232 34.0%
UNO $8,734 $3,292 $1,300 $1,916 $2,042 $17,284 $6,090 $11,194 35.2%LOUISIANA STATE UNIVERSITY SYSTEM
LSU Alexandria $6,724 $3,292 $1,300 $1,916 $2,042 $15,274 $4,894 $10,380 32.0%
LSU A&M $11,318 $3,292 $1,300 $1,916 $2,042 $19,868 $7,463 $12,405 37.6%
LSU Eunice $4,258 $3,292 $1,300 $1,916 $2,042 $12,808 $2,710 $10,098 21.2%
LSU Shreveport $7,167 $3,292 $1,300 $1,916 $2,042 $15,717 $5,372 $10,345 34.2%
LSU HSC NO -Allied Health $9,032 $3,292 $1,300 $1,916 $2,042 $17,582 $7,673 $9,909 43.6%
LSU HSC NO - Dental Hygiene $6,830 $3,292 $1,300 $1,916 $2,042 $15,380 $5,517 $9,863 35.9%
LSU HSC NO - Dental Lab Tech $6,291 $3,292 $1,300 $1,916 $2,042 $14,841 $4,987 $9,854 33.6%
LSU HSC NO - Nursing $6,923 $3,292 $1,300 $1,916 $2,042 $15,473 $5,612 $9,861 36.3%LSU HSC Shr - Allied Health $8,356 $3,292 $1,300 $1,916 $2,042 $16,906 $7,183 $9,723 42.5%
Baton Rouge Comm. College $4,221 $3,292 $1,300 $1,916 $2,042 $12,771 $3,086 $9,685 24.2%
Bossier Parish Comm. College $4,283 $3,292 $1,300 $1,916 $2,042 $12,833 $3,214 $9,619 25.0%
Delgado Comm. College $4,129 $3,292 $1,300 $1,916 $2,042 $12,679 $3,214 $9,465 25.3%
Louisiana Delta Comm. College $4,159 $3,292 $1,300 $1,916 $2,042 $12,709 $3,214 $9,495 25.3%
L.E. Fletcher Tech. Comm. College $4,089 $3,292 $1,300 $1,916 $2,042 $12,639 $3,214 $9,425 25.4%
Elaine P Nunez Comm. College $4,175 $3,292 $1,300 $1,916 $2,042 $12,725 $3,214 $9,511 25.3%
River Parishes Comm. College $4,079 $3,292 $1,300 $1,916 $2,042 $12,629 $3,214 $9,415 25.4%
South Louisiana Comm. College $4,205 $3,292 $1,300 $1,916 $2,042 $12,755 $3,214 $9,541 25.2%
SOWELA Tech. Comm. College $4,185 $3,292 $1,300 $1,916 $2,042 $12,735 $3,214 $9,521 25.2%
Northshore Tech. Comm. College $4,103 $3,292 $1,300 $1,916 $2,042 $12,653 $3,214 $9,439 25.4%
Central Louisiana Tech. Comm. Coll. $4,084 $3,292 $1,300 $1,916 $2,042 $12,634 $3,214 $9,420 25.4%
Northwest Louisiana Tech. College $2,976 $3,292 $1,300 $1,916 $2,042 $11,526 $2,081 $9,445 18.1%
South Central LA Tech. College $2,976 $3,292 $1,300 $1,916 $2,042 $11,526 $2,081 $9,445 18.1%
Highest COA Institution in each System highlighted.
PERCENTAGE
COVERED BY TOPS
ADDITIONAL COSTS
AFTER TOPS AWARD
***TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.
*CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)
LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM
**Information based on 2017-18 Cost of Attendance Budgets for Title IV Programs prepared by LASFAA (Louisiana Association of Student Financial Aid Administrators)
ANNUAL RESIDENT
TUITION & FEES (12 HRS)
ROOM &
BOARD
***TOTAL COST OF
ATTENDANCE
**BASED ON LIVING WITH PARENTS w/o DEPENDENT CHILDREN
BOOKS &
SUPPLIES TRANSPORTATION
MISCELLANEOUS
/PERSONAL EXPENSES
ANNUAL TOPS
OPPORTUNITY AWARD
Tuition and Fees data comes from the BOR 2017-18 Tuition and Fees Survey
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
9
PERCENTAGE OF COA (NOT Living w/ Parents) COVERED BY TOPS AWARD As of August 1, 2017 **BASED ON LIVING ON CAMPUS/OFF CAMPUS (NOT WITH PARENTS)
UNDERGRADUATE ONLY
SOUTHERN UNIVERSITY SYSTEM
Southern Baton Rouge $8,666 $8,018 $1,300 $1,331 $2,042 $4,973 $16,384 23.3%
Southern New Orleans $6,891 $9,380 $1,300 $1,916 $2,042 $4,236 $17,293 19.7%
Southern Shreveport $4,132 $11,330 $1,300 $1,916 $2,042 $2,618 $18,102 12.6%UNIVERSITY OF LOUISIANA SYSTEM
Grambling $7,443 $8,462 $1,300 $1,331 $2,042 $5,140 $15,438 25.0%
Louisiana Tech * $9,615 $6,360 $1,300 $1,331 $2,042 $5,553 $15,095 26.9%
McNeese $7,727 $8,233 $1,300 $1,331 $2,042 $5,147 $15,486 24.9%
Nicholls $7,885 $9,790 $1,300 $1,331 $2,042 $4,922 $17,426 22.0%
Northwestern $8,588 $10,594 $1,300 $1,331 $2,042 $5,180 $18,675 21.7%
Southeastern $8,153 $9,870 $1,300 $1,331 $2,042 $5,652 $17,044 24.9%
Univ. of LA at Lafayette $9,876 $9,746 $1,300 $1,331 $2,042 $5,407 $18,888 22.3%
Univ. of LA at Monroe $8,470 $7,524 $1,300 $1,331 $2,042 $5,788 $14,879 28.0%
UNO $8,734 $10,250 $1,300 $1,331 $2,042 $6,090 $17,567 25.7%LOUISIANA STATE UNIVERSITY SYSTEM
LSU Alexandria $6,724 $6,950 $1,200 $1,331 $2,042 $4,894 $13,353 26.8%
LSU A&M $11,318 $14,780 $1,298 $2,906 $2,520 $7,463 $25,359 22.7%
LSU Eunice $4,258 $9,072 $1,200 $1,916 $2,002 $2,710 $15,738 14.7%
LSU Shreveport $7,167 $9,073 $1,220 $1,916 $2,003 $5,372 $16,007 25.1%
LSU HSC NO -Allied Health $9,032 $17,829 $3,233 $1,916 $2,042 $7,673 $26,379 22.5%
LSU HSC NO - Dental Hygiene $6,830 $17,829 $1,300 $1,916 $2,042 $5,517 $24,400 18.4%
LSU HSC NO - Dental Lab Tech $6,291 $17,829 $1,300 $1,916 $2,042 $4,987 $24,391 17.0%
LSU HSC NO - Nursing $6,923 $17,829 $1,300 $1,916 $2,042 $5,612 $24,398 18.7%LSU HSC Shr - Allied Health $8,356 $15,847 $1,300 $1,916 $2,042 $7,183 $22,278 24.4%
Baton Rouge Comm. College $4,221 $9,254 $1,300 $1,916 $2,042 $3,086 $15,647 16.5%
Bossier Parish Comm. College $4,283 $9,254 $1,300 $1,916 $2,042 $3,214 $15,581 17.1%
Delgado Comm. College $4,129 $9,254 $1,300 $1,916 $2,042 $3,214 $15,427 17.2%
Louisiana Delta Comm. College $4,159 $9,254 $1,300 $1,916 $2,042 $3,214 $15,457 17.2%
L.E. Fletcher Tech. Comm. College $4,089 $9,254 $1,300 $1,916 $2,042 $3,214 $15,387 17.3%
Elaine P Nunez Comm. College $4,175 $9,254 $1,300 $1,916 $2,042 $3,214 $15,473 17.2%
River Parishes Comm. College $4,079 $9,254 $1,300 $1,916 $2,042 $3,214 $15,377 17.3%
South Louisiana Comm. College $4,205 $9,254 $1,300 $1,916 $2,042 $3,214 $15,503 17.2%
SOWELA Tech. Comm. College $4,185 $9,254 $1,300 $1,916 $2,042 $3,214 $15,483 17.2%
Northshore Tech. Comm. College $4,103 $9,254 $1,300 $1,916 $2,042 $3,214 $15,401 17.3%
Central Louisiana Tech. Comm. Coll. $4,084 $9,254 $1,300 $1,916 $2,042 $3,214 $15,382 17.3%
Northwest Louisiana Tech. College $2,976 $9,254 $1,300 $1,916 $2,042 $2,081 $15,407 11.9%
South Central LA Tech. College $2,976 $9,254 $1,300 $1,916 $2,042 $2,081 $15,407 11.9%
Highest COA Institution in each System highlighted.
***TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.
*CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)
LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM
**Information based on 2017-18 Cost of Attendance Budgets for Title IV Programs prepared by LASFAA (Louisiana Association of Student Financial Aid Administrators)
ANNUAL RESIDENT
TUITION & FEES (12 HRS)
ROOM &
BOARD
BOOKS &
SUPPLIES TRANSPORTATION
MISCELLANEOUS
/PERSONAL EXPENSES
**Information based on 2017-18 Cost of Attendance Budgets for each school (found on school websites)
ANNUAL TOPS
OPPORTUNITY AWARD
ADDITIONAL COSTS
AFTER TOPS AWARD
$20,578
$20,648
$20,633
PERCENTAGE
COVERED BY TOPS
***TOTAL COST
OF ATTENDANCE
$21,357
$21,529
$20,720
$22,348
$23,855
$22,696
$24,295
$20,667
$23,657
$18,247
$32,822
$18,448
$21,379
$34,052
$29,917
$29,378
$30,010
$29,461
$18,733
$18,795
$18,641
$18,671
$18,601
$18,596
$17,488
$17,488
$18,687
$18,591
$18,717
$18,697
$18,615
Tuition and Fees data comes from the BOR 2017-18 Tuition and Fees Survey
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
Current Board of Regents GO Grant Policy:
• Institutions are expected to make a good faith effort to distribute their Go Grant allocations in a manner that reaches students with the most financial need to bring their maximum financial need met with gift aid to 60% (zero GO Grant award if it would bring gift aid to over 60% of financial need.)
• Eligibility: • Must be Louisiana Resident • Must receive a Federal PELL Grant
• GO Grant Awards – Allowable Amounts:
• Minimum Annual Award $300 • Maximum Annual Award $3,000 • Campuses allowed to set award amounts
within these allowable ranges
Possible Federal Loan Information Student Loan Limits: • 0-29 credit hours (freshman) = $5,500 annually Types of Federal Student Loans: • Subsidized – based on financial need ($3,500
annually) • Unsubsidized – not based on financial need
($2,000 annually)
Types of Federal Parent Loans: • Parent PLUS – based on parent’s credit rating (can
borrow up to COA minus EFC). • If Parent is denied PLUS loan – student is
eligible for an additional $4,000 annually in unsubsidized loans.
IF FUNDS ARE STILL NEEDED AFTER FEDERAL LOANS, some students may look to Private loans which are generally more expensive than Federal student loans.
How Much Can GO Grant Cover? How Much Can Loans Cover?
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LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
11
Louisiana Go Grant
*LSU-E responded "unknown" to questions regarding student number and estimated dollars needed ** Average Award Range: Each Institution sets its own award minimum (no less than $300) and maximum (no more than $3,000) within their packaging Source: 2016-17 Actuals data from LOSFA Award System 9-19-17; 2016-17 Packaging Policy and Maximum Award data from February 2017 Survey of Institutions
2016-17 Actuals Allocation
Number of
Students Awarded Average Award
LSU SYSTEM $3,679,934 2,974 $1,238.04
SU SYSTEM $1,725,369 2,038 $848.05
UL SYSTEM $14,004,127 10,471 $1,338.01
LCTC SYSTEM $4,673,855 7,974 $586.53
LAICU $2,345,823 1,619 $1,429.09
TOTALS $26,429,108 25,076 $1,053.25
Estimated Amount to
Fund Packaging Policy Funds Needed
Number of
Students Eligible **Average Award Range
*LSU SYSTEM $7,065,405 6,953 $1,500-$3,000
SU SYSTEM $4,569,500 5,668 $1,000-$1,500
UL SYSTEM $28,642,613 20,058 $1,200-$3,000
LCTC SYSTEM $19,159,605 19,651 $300-$2,000
LAICU $3,035,548 2,485 $1,000-$3,000
TOTALS $62,472,671 54,815 $300-$3,000
Difference from Actuals $36,043,563 29,739
Estimated Amount to
Fund Maximum Award Funds Needed
Number of
Students Eligible Average Award
*LSU SYSTEM $20,859,000 6,953 $3,000.00
SU SYSTEM $17,004,000 5,668 $3,000.00
UL SYSTEM $60,174,000 20,058 $3,000.00
LCTC SYSTEM $58,953,000 19,651 $3,000.00
LAICU $7,455,000 2,485 $3,000.00
TOTALS $164,445,000 54,815 $3,000.00
Difference from Actuals $138,015,892 29,739
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
EXAMINING COA and COST GAP SCENARIOS
12
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
Assumptions for COA Scenarios
Updated 10-24-17
Minimum Pell with TOPS:
• Parents Married
• Parents’ Ages- 40 and 38
• Family Size = 4
• Number in College = 1
• Parents’ AGI = $63,647
• Parents’ Assets = $35,084
• Student Income = $2,000
• Student Assets = $2,485
• Calculated EFC = $5,328 (highest EFC to receive any Pell)
Maximum Pell with TOPS:
• Parents Married
• Parents’ Ages- 40 and 38
• Family Size = 4
• Number in College = 1
• Parents’ AGI = $34,528
• Parents’ Assets = $23,697
• Student Income = $2,000
• Student Assets = $2,485
• Calculated EFC = $0
NO Pell - ONLY TOPS:
Example 1:
• Parents Married
• Parents’ Ages- 40 and 38
• Family Size = 4
• Number in College = 1
• Parents’ AGI = $63,650
• Parents’ Assets = $35,084
• Student Income = $2,000
• Student Assets = $2,485
• Calculated EFC = $5,329 (lowest EFC not eligible for any Pell)
Example 2:
• Parents Divorced
• Mother’s Age- 40
• Family Size = 3
• Number in College = 1
• Mother’s AGI = $58,409
• Mother’s Assets = $33,277
• Student Income = $2,000
• Student Assets = $2,485
• Calculated EFC = $5,329 (lowest EFC not eligible for any Pell)
All COA Scenarios assume student is a first year student (0-29 credit hours – freshman).
13
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
2017-18 Cost of Attendance Annual (Fall & Spring)
LSU-BR – Living On Campus • Full Time Tuition & Fees $ 11,318.00
• Books/Supplies 1,304.00
• Room/Board 14,780.00
• Transportation 2,906.00
• Personal 2,514.00
• TOTAL COA $ 32,822.00
*Example reflects Highest Cost school within the System.
LSU SYSTEM EXAMPLE*
NO Pell – ONLY TOPS @ LSU-BR, on campus, 2017-18
COA $32,822
-EFC $5,329
=Financial Need $27,493
60% of Need ($27,493) =$16,496
-Federal/State Gift Aid =$ 7,463 (TOPS)
Go Grant Eligibility =$ 0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive GO)
Total Gift Aid: $ 7,463 (TOPS - $7,463)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $19,859 after Federal/State Aid and Possible Fed Loans
Maximum Pell with TOPS @ LSU-BR, on campus, 2017-18
COA $32,822
-EFC $0
=Financial Need $32,822
60% of Need ($32,822) =$19,693*
-Federal/State Gift Aid =$21,415 (Pell, Pelican Promise, TOPS)
Go Grant Eligibility =$ 0* ($1,722 above 60% threshold)
Annual Go Grant Award - $0
Total Gift Aid: $21,415 (Pell - $5,920; TOPS - $7,463; Pelican
Promise - $8,032)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $5,907 after Federal/State Aid and Possible Fed Loans
2016-17 LSU System Average GO Award = $1,186.29
Updated 10-24-17
Minimum Pell with TOPS @ LSU-BR, on campus, 2017-18
COA $32,822
-EFC $5,328
=Financial Need $27,494
60% of Need ($27,494) =$16,496
-Federal/State Gift Aid =$16,101 (Pell, Pelican Promise, TOPS)
Go Grant Eligibility =$ 395
Annual Go Grant Award - $395
Total Gift Aid: $16,496 (Pell - $606; TOPS - $7,463; Pelican
Promise - $8,032; Go Grant - $395)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $10,826 after Federal/State Aid and Possible Fed Loans
14
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
2017-18 Cost of Attendance Annual (Fall & Spring)
UL - Lafayette – Living On Campus • Full Time Tuition & Fees $ 9,876.00
• Books/Supplies 1,300.00
• Room/Board 9,746.00
• Transportation 1,331.00
• Personal 2,042.00
• TOTAL COA $24,295.00
UL SYSTEM EXAMPLE* Maximum Pell with TOPS @ ULL on campus, 2017-18
COA $24,295
-EFC $0
=Financial Need $24,295
60% of Need ($24,295) =$14,577
-Federal/State Gift Aid =$11,327 (Pell, TOPS)
Go Grant Eligibility =$ 3,250
Annual Go Grant Award - - $3,000 (ULL set maximum)
Total Gift Aid: $14,327 (Pell - $5,920; TOPS - $5,407; Go Grant -
$3,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $4,468 after Federal/State Aid and Possible Fed Loans
No Pell - ONLY TOPS @ ULL on campus, 2017-18
COA $24,295
-EFC $ 5,329
=Financial Need $18,966
60% of Need ($18,966) =$11,380
-Federal/State Gift Aid =$ 5,407 (TOPS)
Go Grant Eligibility =$ 0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive
GO)
Total Gift Aid: $5,407 (TOPS - $5,407)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $13,388 after Federal/State Aid and Possible Fed Loans
2016-17 UL System Average GO Award = $1,275.39
Updated 10-24-17
*Example reflects Highest Cost school within the System.
Minimum Pell with TOPS @ ULL on campus, 2017-18
COA $24,295
-EFC $ 5,328
=Financial Need $18,967
60% of Need ($18,967) =$11,380
-Federal/State Gift Aid =$ 6,013 (Pell, TOPS)
Go Grant Eligibility =$ 5,367
Annual Go Grant Award - $3,000 (ULL set maximum)
Total Gift Aid: $9,013 (Pell - $606; TOPS - $5,407; Go Grant -
$3,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $9,782 after Federal/State Aid and Possible Fed Loans
15
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
2017-18 Cost of Attendance Annual (Fall & Spring)
SUBR – Living On Campus • Full Time Tuition & Fees $ 8,666.00
• Books/Supplies 1,300.00
• Room/Board 8,018.00
• Transportation 1,331.00
• Personal 2,042.00
• TOTAL COA $21,357.00
SU SYSTEM EXAMPLE* Maximum Pell without TOPS @ SU-BR, on campus, 2017-18
COA $ 21,357
-EFC $ 0
=Financial Need $ 21,357
60% of Need ($21,357) =$12,814
-Federal/State Gift Aid =$10,893 (Pell, TOPS)
Go Grant Eligibility =$ 1,921
Annual Go Grant Award - $1,000 (SUBR set maximum)
Total Gift Aid: $11,893 (Pell - $5,920; TOPS - $4,973; Go Grant -
$1,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $3,964 after Federal/State Aid and Possible Fed Loans
No Pell - ONLY TOPS @ SU-BR, on campus, 2017-18
COA $ 21,357
-EFC $ 5,329
=Financial Need $ 16,028
60% of Need ($16,028) =$ 9,617
-Federal/State Gift Aid =$ 4,973 (TOPS)
Go Grant Eligibility =$ 0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive
GO)
Total Gift Aid: $4,973 (TOPS - $4,973)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $10,884 after Federal/State Aid and Possible Fed Loans
2016-17 SU System Average GO Award = $739.54
Updated 10-24-17
*Example reflects Highest Cost school within the System.
Minimum Pell with TOPS @ SU-BR on campus, 2017-18
COA $ 21,357
-EFC $ 5,328
=Financial Need $16,029
60% of Need ($16,029) =$ 9,617
-Federal/State Gift Aid =$ 5,579 (Pell, TOPS)
Go Grant Eligibility =$ 4,038
Annual Go Grant Award - $1,000 (SUBR set maximum)
Total Gift Aid: $6,579 (Pell - $606; TOPS - $4,793; Go Grant -
$1,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $9,278 after Federal/State Aid and Possible Fed Loans
16
LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
2017-18 Cost of Attendance Annual (Fall & Spring)
BPCC– Living At Home • Full Time Tuition & Fees $ 4,283.00
• Books/Supplies 1,300.00
• Room/Board 3,292.00
• Transportation 1,916.00
• Personal 2,042.00
• TOTAL COA $12,833.00
LCTC SYSTEM EXAMPLE* Maximum Pell with TOPS @ BPCC at home, 2017-18
COA $12,833
-EFC $0
=Financial Need $12,833
60% of Need ($12,833) =$7,770*
-Federal/State Gift Aid =$9,134 (Pell, TOPS)
Go Grant Eligibility =$ 0* ($1,434 above 60% threshold)
Annual Go Grant Award - $0
Total Gift Aid: $9,134 (Pell - $5,920; TOPS – $3,214)
Possible Federal Loan Eligibility - $3,699
Cost Gap - $0 after Federal/State Aid and Possible Fed Loans
No Pell - ONLY TOPS @ BPCC at home, 2017-18
COA $12,833
-EFC $ 5,329
=Financial Need $ 7,504
60% of Need ($7,504) =$4,502
-Federal/State Gift Aid =$3,214 (TOPS)
Go Grant Eligibility =$0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive GO)
Total Gift Aid: $3,214 (TOPS - $3,214)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $4,119 after Federal/State Aid and Possible Fed Loans
2016-17 LCTC System Average GO Award = $531.24
Updated 10-24-17
*Example reflects Highest Cost school within the System.
Minimum Pell with TOPS @ BPCC at home, 2017-18
COA $ 12,833
-EFC $ 5,328
=Financial Need $ 7,505
60% of Need ($7,505) =$ 4,503
-Federal/State Gift Aid =$ 3,820 (Pell, TOPS)
Go Grant Eligibility =$ 683
Annual Go Grant Award - $1,000 (BPCC set maximum)
Total Gift Aid: $4,503 (Pell - $606; TOPS - $3,214; Go Grant - $683)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $2,830 after Federal/State Aid and Possible Fed Loans
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LOSFA’s Vision is to be Louisiana’s First Choice for College Access
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents
Athletic Award EXAMPLE
Updated 10-24-17
PELL Grant:
Minimum Award = $606
Maximum Award = $5,920
Pell is considered an entitlement and cannot be reduced.
LSU – BR TOPS Award = $7,463
Full Ride Athletic Scholarship at LSU – BR = $27,402
Tuition & Fees, Room & Board, Books & Supplies
Head Count Sport Athlete with TOPS @ LSU-BR, 2017-18
COA $32,822
-EFC $ 5,329
=Financial Need $27,493
60% of Need ($27,493) =$16,496
-Federal/State Gift Aid =$32,822 (TOPS, Athletic)
Go Grant Eligibility =$ 0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive GO)
Total Gift Aid: $32,822 (*TOPS - $ 5,420; Full Ride Athletic Scholarship
- $27,402)
*TOPS award would be reduced in order to avoid an overaward.
Equivalency Sport Athlete with Pell & TOPS @ LSU-BR, 2017-18
COA $32,822
-EFC $0
=Financial Need $32,822
60% of Need ($32,822) =$19,693
-Federal/State Gift Aid =$23,838 (Pell, TOPS, Athletic)
Go Grant Eligibility =$ 0* ($3,690 above 60% threshold)
Annual Go Grant Award - $0
Total Gift Aid: $23,383 (Pell - $5,920; TOPS - $7,463; Athletic
Scholarship - $10,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $3,939 after Federal/State/Athletic Aid and Possible Fed Loans
Equivalency Sport Athlete with TOPS @ LSU-BR, 2017-18
COA $32,822
-EFC $ 5,329
=Financial Need $27,493
60% of Need ($27,493) =$16,496
-Federal/State Gift Aid =$17,463 (TOPS, Athletic)
Go Grant Eligibility =$ 0
Annual Go Grant Award - $0 (Must be PELL Recipient to receive GO)
Total Gift Aid: $17,463 (TOPS - $7,463; Athletic Scholarship - $10,000)
Possible Federal Loan Eligibility - $5,500
Cost Gap - $9,859 after Federal/State/Athletic Aid and Possible Fed Loans
Head Count Sports- Football, M/W Basketball, W Tennis, W
Volleyball & W Gymnastics
Equivalency Sports – Baseball, Swimming, Track, Golf, Bowling,
Softball, etc.
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