(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. Boutté, Ed.D. Board Development Executive Director August 24, 2016 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 • • What is Cost of Attendance (COA)? What is a “Full Ride”? – Tuition and fees – Tuition and fees – Room and board – Room and board – Books and supplies – Books and supplies – Transportation – DOES NOT INCLUDE: Transportation, Miscellaneous – Miscellaneous personal expenses personal expenses and – Dependent Care expenses (if applicable) Dependent Care Costs • 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 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) -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 4 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? 5 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 PERCENTAGE OF TUITION COVERED BY TOPS AWARD As of August 1, 2017 *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE. UNDERGRADUATE ONLY ANNUAL RESIDENT AMOUNT ANNUAL TOPS ADDITIONAL COSTS PERCENTAGE TUITION (12 HRS) OPPORTUNITY AWARD AFTER TOPS AWARD COVERED BY TOPS SOUTHERN UNIVERSITY SYSTEM $4,973.00 $4,973.00 $0.00 100.0% Southern Baton Rouge $4,236.00 $4,236.00 $0.00 100.0% Southern New Orleans 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% $5,147.00 $5,147.00 $0.00 100.0% McNeese $4,922.00 $4,922.00 $0.00 100.0% Nicholls $5,180.00 $5,180.00 $0.00 100.0% Northwestern 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% $5,788.00 $5,788.00 $0.00 100.0% Univ. of LA at Monroe $6,090.00 $6,090.00 $0.00 100.0% UNO LOUISIANA STATE UNIVERSITY SYSTEM $4,894.00 $4,894.00 $0.00 100.0% LSU Alexandria 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% $5,372.00 $5,372.00 $0.00 100.0% LSU Shreveport LSU HSC NO -Allied Health $7,673.00 $7,673.00 $0.00 100.0% $5,517.00 $5,517.00 $0.00 100.0% LSU HSC NO - Dental Hygiene 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% LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM $3,086.00 $3,086.00 $0.00 100.0% Baton Rouge Comm. College $3,214.00 $3,214.00 $0.00 100.0% Bossier Parish Comm. College 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% $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 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% $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. $2,081.00 $2,081.00 $0.00 100.0% Northwest Louisiana Tech. College South Central LA Tech. College $2,081.00 $2,081.00 $0.00 100.0% *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) Tuition data comes from the BOR 2017-18 Tuition and Fees Survey 6 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 PERCENTAGE OF TUITION & FEES COVERED BY TOPS AWARD *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE. As of August 1, 2017 UNDERGRADUATE ONLY ANNUAL RESIDENT AMOUNT ANNUAL TOPS ADDITIONAL COSTS PERCENTAGE TUITION & FEES (12 HRS) OPPORTUNITY AWARD AFTER TOPS AWARD COVERED BY TOPS SOUTHERN UNIVERSITY SYSTEM $8,666.00 $4,973.00 $3,693.00 57.4% Southern Baton Rouge $6,891.00 $4,236.00 $2,655.00 61.5% Southern New Orleans Southern Shreveport $4,132.00 $2,618.00 $1,514.00 63.4% UNIVERSITY OF LOUISIANA SYSTEM $7,443.00 $5,140.00 $2,303.00 69.1% Grambling $9,615.00 $5,553.00 $4,062.00 57.8% Louisiana Tech ** 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% $8,470.00 $5,788.00 $2,682.00 68.3% Univ. of LA at Monroe $8,734.00 $6,090.00 $2,644.00 69.7% UNO LOUISIANA STATE UNIVERSITY SYSTEM LSU Alexandria $6,724.00 $4,894.00 $1,830.00 72.8% $11,318.00 $7,463.00 $3,855.00 65.9% LSU A&M $4,258.00 $2,710.00 $1,548.00 63.6% LSU Eunice $7,167.00 $5,372.00 $1,795.00 75.0% LSU Shreveport $9,032.00 $7,673.00 $1,359.00 85.0% LSU HSC NO -Allied Health $6,830.00 $5,517.00 $1,313.00 80.8% LSU HSC NO - Dental Hygiene 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% LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM 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% $4,175.00 $3,214.00 $961.00 77.0% Elaine P Nunez Comm. College $4,079.00 $3,214.00 $865.00 78.8% River Parishes Comm. College $4,205.00 $3,214.00 $991.00 76.4% South Louisiana Comm. College $4,185.00 $3,214.00 $971.00 76.8% SOWELA Tech. Comm. College $4,103.00 $3,214.00 $889.00 78.3% Northshore Tech. Comm. College 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% *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) Highest COA Institution in each System highlighted. Tuition and Fees data comes from the BOR 2017-18 Tuition and Fees Survey 7 LOSFA’s Vision is to be Louisiana’s First Choice for College Access