(COA) , Ed.D. Executive Director Presented to Board of Regents - - PowerPoint PPT Presentation
Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents Cost of Attendance (COA) , Ed.D. Executive Director Presented to Board of Regents Sujuan W. Boutt, Ed.D. Board Development Executive Director
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
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
– Tuition and fees – Room and board – Books and supplies – Transportation – Miscellaneous personal expenses – Dependent Care expenses (if applicable)
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
– Tuition and fees – Room and board – Books and supplies – DOES NOT INCLUDE: Transportation, Miscellaneous personal expenses and Dependent Care Costs 2
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)
=Financial Need
= 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
– Federal Aid (Need Based)
– State Aid (Need Based)
– State Aid (Merit Based)
– Institutional Aid (Need or Merit Based) – normally does not need to be repaid
– 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
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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 6 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%
$5,407.00 $5,407.00 $0.00 100.0%
$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 7 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%
$9,876.00 $5,407.00 $4,469.00 54.7%
$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 8
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%
$9,876 $3,292 $1,300 $1,916 $2,042 $18,426 $5,407 $13,019 29.3%
$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 AWARDTuition 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%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:
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.)
Amounts:
within these allowable ranges
Possible Federal Loan Information
Student Loan Limits:
Types of Federal Student Loans:
annually)
($2,000 annually) Types of Federal Parent Loans:
borrow up to COA minus EFC).
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
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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
Assumptions for COA Scenarios
Updated 10-24-17 Minimum Pell with TOPS:
Maximum Pell with TOPS:
NO Pell - ONLY TOPS: Example 1:
Example 2:
All COA Scenarios assume student is a first year student (0-29 credit hours – freshman).
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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
2017-18 Cost of Attendance Annual (Fall & Spring)
LSU-BR – Living On Campus
$ 11,318.00
1,304.00
14,780.00
2,906.00
2,514.00
$ 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
$5,329 =Financial Need $27,493 60% of Need ($27,493) =$16,496
Go Grant Eligibility =$ 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
$0 =Financial Need $32,822 60% of Need ($32,822) =$19,693*
Go Grant Eligibility =$ 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
$5,328 =Financial Need $27,494 60% of Need ($27,494) =$16,496
Go Grant Eligibility =$ 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
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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
2017-18 Cost of Attendance Annual (Fall & Spring)
UL - Lafayette – Living On Campus
$ 9,876.00
1,300.00
9,746.00
1,331.00
2,042.00
$24,295.00
UL SYSTEM EXAMPLE*
Maximum Pell with TOPS @ ULL on campus, 2017-18 COA $24,295
$0 =Financial Need $24,295 60% of Need ($24,295) =$14,577
Go Grant Eligibility =$ 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
$ 5,329 =Financial Need $18,966 60% of Need ($18,966) =$11,380
Go Grant Eligibility =$ 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
$ 5,328 =Financial Need $18,967 60% of Need ($18,967) =$11,380
Go Grant Eligibility =$ 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
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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
2017-18 Cost of Attendance Annual (Fall & Spring)
SUBR – Living On Campus
$ 8,666.00
1,300.00
8,018.00
1,331.00
2,042.00
$21,357.00
SU SYSTEM EXAMPLE*
Maximum Pell without TOPS @ SU-BR, on campus, 2017-18 COA $ 21,357
$ 0 =Financial Need $ 21,357 60% of Need ($21,357) =$12,814
Go Grant Eligibility =$ 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
$ 5,329 =Financial Need $ 16,028 60% of Need ($16,028) =$ 9,617
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
$ 5,328 =Financial Need $16,029 60% of Need ($16,029) =$ 9,617
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
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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
2017-18 Cost of Attendance Annual (Fall & Spring)
BPCC– Living At Home
$ 4,283.00
1,300.00
3,292.00
1,916.00
2,042.00
$12,833.00
LCTC SYSTEM EXAMPLE*
Maximum Pell with TOPS @ BPCC at home, 2017-18 COA $12,833
$0 =Financial Need $12,833 60% of Need ($12,833) =$7,770*
Go Grant Eligibility =$ 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
$ 5,329 =Financial Need $ 7,504 60% of Need ($7,504) =$4,502
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
$ 5,328 =Financial Need $ 7,505 60% of Need ($7,505) =$ 4,503
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
$ 5,329 =Financial Need $27,493 60% of Need ($27,493) =$16,496
Go Grant Eligibility =$ 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
*TOPS award would be reduced in order to avoid an overaward. Equivalency Sport Athlete with Pell & TOPS @ LSU-BR, 2017-18 COA $32,822
$0 =Financial Need $32,822 60% of Need ($32,822) =$19,693
Go Grant Eligibility =$ 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
$ 5,329 =Financial Need $27,493 60% of Need ($27,493) =$16,496
Go Grant Eligibility =$ 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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