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LOSFA Programs

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  1. LOSFA Programs • College Access & Outreach • LA GEAR UP • Scholarships & Grants • TOPS Scholarship • Rockefeller State Wildlife Scholarship • Go Grant • LEAP Grant • SAFER Tuition Reimbursement Program • Chafee Grant

  2. LOSFA Programs • START Saving Program • High School Opportunities • TOPS Tech Early Start Program • Early Start Program

  3. What is Financial Aid?

  4. What does college cost?Estimated Cost of Attendance (COA) Based on estimated expenses at Louisiana State University – Baton Rouge for a dependent student living on campus who graduates from high school in 2011 assuming a 5% annual increase and a 9 month academic year.

  5. Basis of Aid • Merit-Based aid is based on a student’s academic achievement, grades, ACT/SAT scores, talent, ability, athletic achievement, etc • Need-basedaid is based on the student’s financial need

  6. FAFSA • The primary purpose of the FAFSA is to establish the student’s Expected Family Contribution (EFC) • The EFC is used by the institution, in a process called packaging, to determine your eligibility for campus based aid programs including FSEOG, LEAP, Go Grant, Academic Competitiveness Grant, SMART Grant, Federal Work Study, Perkins Loans and Direct Loans

  7. Financial Need COST OF ATTENDANCE ($10,000) - EXPECTED FAMILY CONTRIBUTION: ($5,000) FINANCIAL NEED: ($5,000)

  8. Financial Need • Cost of Attendance (COA) based on • Tuition and fees • Room and board • Books and supplies • Transportation • Miscellaneous personal expenses MINUS • Expected Family Contribution (EFC)based on • Income • Assets (excluding the family home) • Family size • Number of family members attending college • Age of parents EQUALS:

  9. FINANCIAL NEED • THE AMOUNT OF FINANCIAL AID YOU HOPE TO RECEIVE. • AWARDS LETTERS will come to you from the college telling if you are eligible for grants, student loans, work/study, etc. (Will not mention TOPS) • TOPS LETTER comes to you separately from our office (LOSFA) saying “Congratulations, you have received a TOPS award!”

  10. Types of Financial Aid • Scholarships • Gift Aid – Based on Merit - TOPS • Grants • Gift Aid – Based on Need – PELL • Employment Opportunities • May be based on need – WORK/STUDY • Loans – Perkins, William D. Ford Direct • Must be repaid – may be based on need

  11. Sources of Financial Aid • State of Louisiana:TOPS • Federal Government: PELL, LOANS • Campus Based:VARIOUS SCHOLARSHIPS • Military: NATIONAL GUARD • Private: MCDONALD’S, EXXON, WALMART

  12. Federal Aid: decided by your college financial aid office • Federal Pell Grant – Need-based, does not need to be paid back • Other Federal grants (FSEOG, etc.) • Federal Stafford and Perkins loans • Federal Work/Study Program • FAFSA ONLY APPLICATION NECESSARY

  13. Money from your COLLEGE • Each college has its own merit-based scholarship programs • Many colleges have their own need-based aid programs • Investigate aid opportunities early • Each college has its own aid application process and deadline • College websites list scholarship opportunities • Departmental Scholarships • Scholarship opportunities for students in a specific major

  14. Military Educational Opportunities • G.I. Bill • Loan Repayment Program • ROTC Scholarships • Louisiana National Guard Tuition Exemption

  15. Private Aid: • The best source of information on private aid is the Internet. There are numerous free scholarship search services available: • www.osfa.la.gov • “SCHOLARSHIP SEARCHES” • Providers of private aid include companies, civic organizations, religious organizations, clubs, etc., student or family employer (“MCDONALD’S,” “EXXON,” “WALMART”)

  16. FAFSA

  17. FAFSA Do not submit the FAFSA before January 1 of the year you graduate from high school But try to submit it as soon as possible AFTER January 1 Your family does not have to have submitted its Income Tax: it can ESTIMATE household income and later, when it has completed its income tax, you can correct your FAFSA online – if there is a significant difference between what you estimated and what you really made

  18. FAFSA: Mardi Gras • The Free Application for Federal Student Aid (FAFSA) is the application for both federal and state aid programs • The FAFSA is the only application needed for the TOPS scholarship • The FAFSA is the only application needed for FEDERAL aid

  19. FAFSA • Be sure to submit the FAFSA even if you don’t think you’ll qualify for need based aid • Submitting the FAFSA will not interfere with future aid if you decide not to go to college that year • Try never to submit two or more FAFSAs per student per year. It is much better to correct the ONE you have submitted already.

  20. FAFSA • You should never be asked to pay to fill out the FAFSA. It is a FREE application • DO NOT give your credit card number or bank routing numbers for FAFSA - EVER

  21. FAFSA Filing Methods • FAFSA On the Web: www.fafsa.ed.gov • Faster processing • “Skip logic” – students are only asked questions which apply to them • Immediate EFC estimate • Online receipt verification • Live online help • Paper Application • Available by calling the Federal Student Aid Information Center at 800-433-3243 or downloading from www.fafsa.ed.gov

  22. Get a PIN • Apply atwww.pin.ed.gov • The PIN allows you to sign the FAFSA electronically • For dependent students, both you and a parent must have a PIN • Parents may use the same PIN for all of their children • The PIN allows you to make corrections to the FAFSA online

  23. FAFSA: Student Information • Social Security Number • State of Legal Residence • Citizenship status • Interest in STUDENT LOANSand Work-Study programs

  24. FAFSA: Student Status • This section determines your dependency status • The EFC of a dependent student is based on both your financial information and your parents’ financial information • The EFC of an independent student is based on your (and your spouse’s) financial information

  25. FAFSA: Student Status • To be considered an independent student, you must be: • 24 years old • Married • Have a child who will receive more than half of its support from you

  26. FAFSA: Student Status • Have another person who lives with you and receives more than half of their support from you • At any time since you turned age 13, had both of your parents deceased, were you in foster care, or were a dependent or ward of the court

  27. FAFSA: Student Status • Already have an undergraduate degree • Are currently serving on active duty in the U.S. Armed Forces for purposes other than training • Are a veteran of the U.S. Armed Forces

  28. FAFSA: Student Status • Otherwise, you are considered an INDEPENDENT STUDENT and do not need to use your PARENT INFORMATION • and do not need your PARENT TO SIGN the FAFSA

  29. FAFSA: Student StatusSpecial Circumstances • Are you or were you an emancipated minor as determined by a court in your state of legal residence? • Are you or were you in legal guardianship as determined by a court in your state of legal residence? • At any time on or after July 1, 2008, were you determined by certain governmental agencies to be an unaccompanied youth who was homeless?

  30. FAFSA: Parent Information • Whose information do you use? • Grandparents, foster parents and legal guardians are NOT considered parents • If this is your case, see a Financial Aid Officer in the Financial Aid Office of your college

  31. FAFSA : Parent Information • If your parent is single or has been divorced or separated, the parent on your FAFSA should be the parent who has custodial guardianship or with whom you lived most during the past 12 months • If this parent is remarried as of today, answer the questions about that parent and their spouse If you divide your time equally between both parents, the parent on your FAFSA is the who contributes most to your financial support

  32. FAFSA: School Information • May list up to 10 colleges to receive your FAFSA data when filing online • Make sure to list a Louisiana school first, so that TOPS receives your FAFSA information

  33. FAFSA: Signatures • For a dependent student, both the student and the parent must sign • FAFSA on the Web may be signed by: • Using a pin number • The parent and student must have separate pin numbers • Parents may use the same PIN for all of their children • Printing the signature page • Must mail within 14 days

  34. Student Aid Report (SAR) • In response to your FAFSA, you will receive a document – several colored pages listing the answers you put on the FAFSA • Check these answers carefully to make certain everything is correct • If anything is incorrect, you can use your 4-digit PIN, get back into your online FAFSA ,and correct your answers online

  35. Student Aid Report (SAR) • The SAR provides you with: • Expected Family Contribution (EFC) • Pell Grant Eligibility • Listing of Institutions which will receive your data • A financial aid history • A listing of your responses to the FAFSA • Corrections may be made: • Online at www.fafsa.ed.gov • By phone at (800) 433-3243

  36. TOPS General Eligibility Requirements • Must be a U.S. citizen, or a permanent resident who is eligible to apply for citizenship • Have no criminal convictions • Excludes misdemeanor traffic violations

  37. TOPS GENERAL ELIGIBILITY REQUIREMENTS: • RESIDENCY REQUIREMENTS: • Any student will meet the TOPS residency requirements if s/he graduates from a Louisiana approved high school and actually resides in Louisiana for his/her last two full years of high school • Or, a parent or custodian of a dependent student has been a resident of Louisiana for the 24 months prior to high school graduation

  38. TOPS Core Curriculum • All TOPS core curriculum courses must be completed by the date of high school graduation • Distance learning courses approved by the high school may be used to qualify for TOPS • College courses taken in the classroom, online, or by correspondence may be used to qualify for TOPS provided that they are determined to be equivalent courses and appear on the student’s official high school transcript • Effective for the graduating class of 2013-2014, the TOPS Core Curriculum will change to a subset of the Core 4 Curriculum

  39. TOPS ACADEMIC REQUIREMENTS: • 17.5 COLLEGE CORE COURSES completed by high school grad date • 2.50 grade point average over the college core ONLY (NOT overall high school gpa) by high school grad date • Qualifying ACT OR SAT score by JULY 1 of high school senior graduating year, PLUS

  40. TOPS ACADEMIC REQUIREMENTS: • FINAL NON-ACADEMIC REQUIREMENT: • The FAFSA • which must be submitted by July 1, 2012 by students graduating high school in 2011

  41. TOPS OPPORTUNITY AWARD • This is the basic TOPS award, which will pay for 8 semesters’ or 12 quarters’ tuition to any accredited or State college, community college, technical college, or approved proprietary or cosmetology college in Louisiana

  42. TOPS Opportunity Core Curriculum • English • English I • English II • English III • English IV

  43. TOPS Opportunity Core Curriculum • Math • Algebra I or Integrated Mathematics I • Or Applied Algebra 1 • Or Algebra I – Parts 1 & 2 (two units) • Or Applied Algebra 1A & 1B (two units) • Or Applied Mathematics I & II (two units) • Algebra II or Integrated Mathematics II

  44. TOPS Opportunity Core Curriculum • Plus one of these: • Geometry, Applied Geometry, Calculus, Advanced Math I, Advanced Math II, Pre-Calculus, Probability and Statistics, Discrete Mathematics, Algebra III, Applied Mathematics III, Integrated Mathematics III or AP Calculus • 2 units required for the class of 2014 and beyond

  45. TOPS Opportunity Core Curriculum • Science • Biology I or II • Chemistry I or II, or Chemistry Com • Plus one of these: • Earth Science, Physical Science, Environmental Science, Biology II, Chemistry II, Physics, Physics II, Physics for Technology, AP Physics, or Agriscience I and II (two units) • 2 units required for the class of 2014 and beyond

  46. TOPS Opportunity Core Curriculum • Additional Math or Science from ONE of these: • Geometry, Applied Geometry, Calculus, Advanced Math I, Advanced Math II, Pre-Calculus, Probability and Statistics, Discrete Mathematics, Algebra III, Applied Mathematics III, Integrated Mathematics III, or AP Calculus • Biology II, Chemistry II, Physics, Physics II, or AP Physics • Not required for the class of 2014 and beyond

  47. TOPS Opportunity Core Curriculum • Social Studies • American History • Civics and Free Enterprise (1 unit combined), Civics (1 unit), or AP American Government • World History, Western Civilization, World Geography, or European History • 2 units required for the class of 2014 and beyond

  48. TOPS Opportunity Core Curriculum • Foreign Language • Two units in the same language • English is not considered a foreign language • American Sign Language (2 units)

  49. TOPS Opportunity Core Curriculum • Fine Arts Survey • or two units of performance courses in music, dance or theater* • or two units of studio art* • or two units of visual art* • or two units of Speech III & IV* • or 1 unit of an elective from among the other subjects listed in this core curriculum * The two units may be any combination of whole and half units