Louisiana Tech University Division of Student Financial Aid University Seminar Instructor’s...
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Louisiana Tech UniversityLouisiana Tech UniversityDivision of Student Financial AidDivision of Student Financial Aid
University Seminar Instructor’sUniversity Seminar Instructor’sWorkshopWorkshop
August 29, 2006August 29, 2006
LOUISIANA TECH UNIVERSITYLOUISIANA TECH UNIVERSITYFINANCIAL AID AWARDS FINANCIAL AID AWARDS
2005-20062005-2006
Fed Loans $25,529,474
44%
Inst Aid $10,354,407
17%
State Grants, $11,254,294
19%
Fed Grants $7,085,315
12%
Other Grants, $1,930,622
3%
Priv Loans, $742,0051%
Stu Empl $2,282,820
4%
$59,178,937
Financial Aid at TechFinancial Aid at Tech2005-20062005-2006
Over 8,700 students received some Over 8,700 students received some form of aidform of aid
$57 million in aid awarded $57 million in aid awarded
Average aid Average aid $6556$6556
Academic Competitiveness Academic Competitiveness GrantGrant
11stst year year Graduate HS after Jan 1, 2006Graduate HS after Jan 1, 2006 Complete “Rigorous” HS curriculumComplete “Rigorous” HS curriculum US citizenUS citizen Enroll full timeEnroll full time Pell recipientPell recipient Eligible between 0-25 credit hours Eligible between 0-25 credit hours
earnedearned Maximum $750Maximum $750
Academic Competitiveness Academic Competitiveness GrantGrant
22ndnd Year Year Earn a CGPA of 3.00 at 24 earned hoursEarn a CGPA of 3.00 at 24 earned hours Graduated HS after Jan 1, 2005Graduated HS after Jan 1, 2005 US citizenUS citizen Enroll full timeEnroll full time Pell recipientPell recipient Eligible between 24 and 49 earned Eligible between 24 and 49 earned
hourshours Maximum $1300Maximum $1300
National SMART GrantNational SMART Grant
QualificationsQualifications US CitizenUS Citizen Full-time enrollmentFull-time enrollment 3.00 Cum GPA each quarter3.00 Cum GPA each quarter Specified majorsSpecified majors Pell recipientPell recipient Eligible between 48 – 97 earned hoursEligible between 48 – 97 earned hours Maximum $4,000 annual awardMaximum $4,000 annual award
Current SMART CurriculumCurrent SMART Curriculumat Louisiana Tech at Louisiana Tech
UniversityUniversity Animal ScienceAnimal Science BiologyBiology Biomedical EngineeringBiomedical Engineering Chemical EngineeringChemical Engineering ChemistryChemistry Civil EngineeringCivil Engineering Construction Engineering TechnologyConstruction Engineering Technology Computer ScienceComputer Science
Current SMART CurriculumCurrent SMART Curriculumat Louisiana Tech at Louisiana Tech
UniversityUniversity Electrical EngineeringElectrical Engineering Electrical Engineering TechnologyElectrical Engineering Technology Industrial EngineeringIndustrial Engineering MathematicsMathematics Mechanical EngineeringMechanical Engineering Nanosystems EngineeringNanosystems Engineering PhysicsPhysics
ATTENDANCEATTENDANCE
Roll TakingRoll Taking Some manner of determining class Some manner of determining class
attendance/participation and last day of attendance / attendance/participation and last day of attendance / participation.participation.
ReportingReporting Ninth class day and end of quarter equally Ninth class day and end of quarter equally
important.important.
Recording and retention of basis for reportRecording and retention of basis for report Essential for confirmation.Essential for confirmation. Students contest reported data many quarters later.Students contest reported data many quarters later. Department may need to retain class rolls upon Department may need to retain class rolls upon
instructor’s departure.instructor’s departure.
Incomplete GradesIncomplete Grades
Financial Aid ImpactFinancial Aid Impact Satisfactory ProgressSatisfactory Progress
LiabilityLiability University must repay to federal University must repay to federal
programs.programs. Conformance to Catalog GuidanceConformance to Catalog Guidance
Student & Instructor collaborationStudent & Instructor collaboration Grade changes Prompt / TimelyGrade changes Prompt / Timely
Review outstanding I grades and resolve Review outstanding I grades and resolve them in next regular quarter.them in next regular quarter.
Satisfactory Academic Satisfactory Academic ProgressProgress
Required by federal lawRequired by federal law Applies to all recipients of federal Applies to all recipients of federal
student aid. This includes Pell, ACG, student aid. This includes Pell, ACG, SMART, SEOG and LEAP grants, SMART, SEOG and LEAP grants, Perkins, Stafford and PLUS loans, and Perkins, Stafford and PLUS loans, and Federal Work-study employment.Federal Work-study employment.
Reviewed annually except for Reviewed annually except for maximum hours which is reviewed maximum hours which is reviewed each quartereach quarter..
SAP EvaluationSAP Evaluation
Incoming transfers – On applicationIncoming transfers – On application Readmitted students – When Readmitted students – When
readmittedreadmitted Continuing students – Winter quarterContinuing students – Winter quarter Probationary students – Winter quarterProbationary students – Winter quarter Twice resigned students – Must appealTwice resigned students – Must appeal High hour students – Each quarter*High hour students – Each quarter*
Tech SAP StandardsTech SAP Standards
Maintain a 2.00 undergraduate cumulative Maintain a 2.00 undergraduate cumulative GPA or a 3.00 graduate cumulative GPA.GPA or a 3.00 graduate cumulative GPA.
Complete 67% of the courses in which Complete 67% of the courses in which enrolled each academic year. An enrolled each academic year. An academic year is Fall, Winter, Spring and academic year is Fall, Winter, Spring and Summer.Summer.
Complete the undergraduate degree Complete the undergraduate degree program in no more than 150% of the program in no more than 150% of the hours specified in the catalog for the hours specified in the catalog for the program. program.
SAP CalculatorsSAP Calculators
SAP CalculatorSAP Calculator
Satisfactory Academic ProgressSatisfactory Academic Progress AppealsAppeals
Complete appeal formComplete appeal form Attach an unofficial transcriptAttach an unofficial transcript Attach documentation to support Attach documentation to support
appeal statements.appeal statements. If aggregate hour appeal, attach If aggregate hour appeal, attach
degree completion plan indicating degree completion plan indicating remaining courses and estimate of remaining courses and estimate of graduation quarter signed by advisor.graduation quarter signed by advisor.
Satisfactory Academic Satisfactory Academic Progress Progress ReinstatementReinstatement
Complete on-line Reinstatement Complete on-line Reinstatement request form.request form.
Submit form.Submit form. Student must have:Student must have:
Earned 67% of courses in which enrolled Earned 67% of courses in which enrolled while not eligible for fed aid andwhile not eligible for fed aid and
Successfully completed 8 credit hours Successfully completed 8 credit hours andand
Have attained a minimum cumulative Have attained a minimum cumulative 2.00 UG GPA or 3.00 Graduate GPA.2.00 UG GPA or 3.00 Graduate GPA.
Return of Title IV FundsReturn of Title IV Funds
Title IV funds are the federal financial aid Title IV funds are the federal financial aid sources previously listed.sources previously listed.
Students must complete over 60% of a Students must complete over 60% of a quarter to have earned their awarded aid.quarter to have earned their awarded aid.
Withdrawal before the 60% point in a Withdrawal before the 60% point in a quarter will trigger a return of aid quarter will trigger a return of aid calculation and may require the student to calculation and may require the student to return some of the federal money they return some of the federal money they received.received.
Return of Title IV FundsReturn of Title IV Funds Quarter Quarter 100% Earned 100% Earned "W" Drop "W" Drop
Day Day
Fall 2006Fall 2006 attend on October 19, 2006 attend on October 19, 2006 October 27, October 27, 20062006
Winter 06-07 attend on January 25, 2007 February 2, 2007Winter 06-07 attend on January 25, 2007 February 2, 2007
Spring 2007Spring 2007 attend on April 19, 2007 attend on April 19, 2007 April 27, 2007April 27, 2007
Sum 2007Sum 2007 attend on July 13, 2007 attend on July 13, 2007 See specific See specific sectionssections
TOPSTOPS
Retention is based on:Retention is based on: College GPACollege GPA
QuarterlyQuarterly CumulativeCumulative
Full-time enrollmentFull-time enrollment Successful completion of 24 credit hoursSuccessful completion of 24 credit hours Accurate advisingAccurate advising
TOPS RequirementsTOPS Requirements
Students receiving TOPSStudents receiving TOPS: : must successfully complete 24 credit hours must successfully complete 24 credit hours
each year in the Fall, Winter and Spring each year in the Fall, Winter and Spring quarters. Summer cannot be used for hours.quarters. Summer cannot be used for hours.
cannot use CLEP or AP credits towards the cannot use CLEP or AP credits towards the required 24 credit hours.required 24 credit hours.
must enroll as a full-time student each quarter must enroll as a full-time student each quarter (8 or more hours). Audits do not count.(8 or more hours). Audits do not count.
must be enrolled as a full-time student through must be enrolled as a full-time student through the 9the 9thth class day to receive TOPS funds for the class day to receive TOPS funds for the quarter.quarter.
TOPS RequirementsTOPS Requirements
Students receiving TOPS must:Students receiving TOPS must: Make a 2.00 cumulative GPA each Make a 2.00 cumulative GPA each
quarterquarter Achieve the required cumulative GPA at Achieve the required cumulative GPA at
the end of the academic year.the end of the academic year. 2.30 12.30 1stst year of Opportunity TOPS year of Opportunity TOPS 2.50 22.50 2ndnd year and all future years of year and all future years of
Opportunity TOPSOpportunity TOPS 3.00 at end of each academic year for 3.00 at end of each academic year for
Honors and performance TOPS awards.Honors and performance TOPS awards.
Length of TOPS EligibilityLength of TOPS Eligibility
Four years or twelve quartersFour years or twelve quarters If Undergraduate degree earned in If Undergraduate degree earned in
less than 12 quarters remaining less than 12 quarters remaining TOPS may be applied to graduate TOPS may be applied to graduate academic work as long as academic academic work as long as academic requirements are met.requirements are met.
If TOPS lost due to low GPA, it may If TOPS lost due to low GPA, it may be regained if all other conditions are be regained if all other conditions are met and the GPA is raised to the met and the GPA is raised to the appropriate level within two years.appropriate level within two years.
Secure AccessSecure Access
AwardsAwards
Missing InformationMissing Information
COMMUNICATIONCOMMUNICATION
Web site Web site www.latech.edu/finaidwww.latech.edu/finaid updated frequently and contains MY updated frequently and contains MY AID portal for students. The AID portal for students. The EDUCATORS Tab contains links, forms EDUCATORS Tab contains links, forms and presentations.and presentations.
E-mail E-mail [email protected]@ltfa.latech.edu
Students may call on 2641.Students may call on 2641.