Catchin

1
Catchin Doubloons

• Scholarships, Grants Loans

2
Institutional Aid

• Each institution has its own merit-based
  scholarship programs
• Many schools have their own need-based aid
  programs
• Investigate aid opportunities early
• Each institution has its own aid application
  process and deadline
• Upperclassmen should also check with their
  department for aid opportunities for students in
  a specific major

3
Campus-Based Federal Aid Programs

• FSEOG
• LEAP
• Academic Competitiveness Grant
• National SMART Grant
• Federal Work Study
• Perkins Loans
• Stafford Loans

4
Institution Financial Aid Deadlines
Institution Deadline Institution Deadline
BRCC 4/15 BPCC 6/1
Centenary 3/15 Delgado 5/1
Grambling 6/1 La College 5/1
Delta CC 4/15 LSU-A 5/1
LSU-BR 5/1 LSU-E 6/1
LSU-S 6/1 La Tech 7/15
Loyola 2/1 McNeese 5/1
Nicholls 4/15 Northwestern 5/1
Holy Cross 4/15 OLOL 5/1
SLU 5/1 SU-BR 3/31
SU-S 7/30 SU-NO 4/15
Tulane 2/1 ULL 5/1
ULM 7/1 UNO 5/15
Xavier 6/1
5
Forms

• FAFSA
• Required for all federal need-based aid programs
• Institutional Data Form
• Many institutions require this form to gather
  information on student preferences including
  choice of lender and guarantor, semesters the
  student is applying for, student status, and
  interest in specific programs
• Verification Forms
• Approximately 30 of applicants for federal
  student aid are randomly selected for
  verification of income

6
Special Situations

• You should make an appointment with a Financial
  Aid Counselor for assistance with the FAFSA if
  any of the following situations apply
• You have no contact with your parents
• Your family has had a significant change in
  income due to the death of a family member or the
  loss of a job
• Your family has unusually large medical expenses

7
Packaging

• Packages are usually prepared for students who
  have been accepted for admission and have sent
  their FAFSA to the school
• The institution will create a financial aid
  package to fill the students financial need with
  aid types that are most advantageous to the
  student
• Aid is typically packaged in the following order
• Scholarships Grants
• Work Study
• Perkins Loans
• Stafford Loans (Subsidized Unsubsidized)
• Plus Loans
• Stafford Unsubsidized Loans for independent
  students and dependent students whose parents
  have an adverse credit history

8
Institutional Award Letter

• The award letter will list all aid that the
  financial aid office has approved for the student
• Institutions will typically include an estimate
  of a TOPS award in the financial aid package to
  prevent an over-award of other forms of financial
  aid
• The sum of all aid received cannot exceed the
  cost of attendance (COA)
• Official notification of a TOPS award is made by
  LOSFA

9
Papers in the Mail

• You may receive the following types of
  correspondence in the mail
• Student Aid Report
• Award letter from LOSFA (TOPS)
• Request for documents for verification from the
  institution to verify data submitted on the FAFSA
  for federal aid programs
• Data Form some institutions require this form
  to determine the students interest in aid types
  prior to packaging

10
Papers in the Mail

• Notification of aid from private sources
• Notify the institution you are attending of any
  aid you receive for inclusion in your financial
  aid package
• Financial aid package award letter from the
  institution
• Master Promissory Note if accepting a loan
• Must be returned to the lender