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 Techaid@ltfa.latech.eduTechaid@ltfa.latech.edu

Students may call on 2641.Students may call on 2641.