Academic Administrators Workshop

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Academic Administrators Workshop
August 10, 2004
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Financial Aid at Tech

• Over 8700 students received some form of aid
• 56 million in aid awarded
• Average aid 6433
• Average Grant 3676
• Average Loan 3488

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Sources of Financial Aid
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Louisiana Tech University2003-2004 Student
Financial AidTotal Dollars by College
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Louisiana Tech University2003-2004 Financial Aid
Recipients Compared to College Enrollment
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Louisiana Tech University2003-2004 Annual
Average Aid Awarded
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Louisiana Tech University2003-2004 FINANCIAL AID
DISTRIBUTION
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TOPS Volume

• Over 3100 TOPS recipients at Tech.
• Tech is 2nd/3rd largest recipient of TOPS
  funding.
• Over 11,000 per student for the 12 quarters of
  eligibility.

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TOPS

• TOPS is awarded based on
• ACT
• HS GPA
• Core Curriculum
• Louisiana Residency

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TOPS

• Retention is based on
• College GPA
• Quarterly
• Cumulative
• Full-time enrollment
• Successful completion of 24 credit hours
• Accurate advising

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Satisfactory Academic Progress

• Undergraduate Cumulative GPA 2.00
• Graduate Cumulative GPA 3.00
• Annual Percent completion 67
• 1107 Disqualified at end of Spring quarter
• Complete program in fewer than 150 of hours
  required for the degree program.
• Not withdraw from all classes in two consecutive
  quarters.

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Satisfactory Academic Progress Appeals

• Complete appeal form
• Attach an unofficial transcript
• Attach documentation to support appeal
  statements.
• If aggregate hour appeal, attach degree
  completion plan indicating remaining courses and
  estimate of graduation quarter signed by advisor.

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I was depressed because my dog died last term
Nobody told me I had to make satisfactory
progress
I couldnt go to class because I was working
three jobs to pay for my stereo and ski trip
But I only need 60 more hours to get my degree.
I just couldnt settle on a major
My great aunt died ten years ago. I havent
recovered yet!
So youre telling me I cant go to school!
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Satisfactory Academic Progress Reinstatement

• Complete on-line Reinstatement request form.
• Submit form.
• Student must have
• Earned 67 of courses in which enrolled while not
  eligible for fed aid and
• Successfully completed 8 credit hours and
• Have attained a minimum 2.00 UG GPA or 3.00
  Graduate GPA.

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Attendance Reporting

• Essential
• Accurate
• Credible
• Consistent

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Incomplete Grade

• Example Student has 36 quality hours and a 2.05
  cumulative GPA with 74 quality points. One three
  hour course has been graded IB thus 9 of the
  74 quality points are based on the Incomplete
  course. GPA calculated by SCT SIS includes the I
  grade until the grade is changed.

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Incomplete Grade (2)

• If I-B is resolved as a B - no problem.
• If it becomes an F - student has a 1.80 a 2.00
  is required.
• Problem when I grade is given in Spring or
  Summer.
• Resolution required in Fall.
• Aid determination made prior to resolution.
• Delayed resolution may permit erroneous payment
  for intervening quarters which must be recouped.

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Double Majors

• Students limit on hours is based on primary
  major.
• Students should focus on primary major.
• Student remains eligible for Grants until
  requirements for first program are met.
• Student only eligible for loans after first
  program requirements are met.

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Developmental Course Completion

• GOAL Complete Developmental requirements within
  first 30 credit hours attempted.
• REASON Student cannot advance to next level of
  aid eligibility until developmental courses are
  completed.
• RESULT Student is limited to first year loan
  limits until out of Developmental Program.
• 315 students currently in Developmental

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New Features

• Updated web site www.latech.edu
• More information for students and parents
• Budget information
• Satisfactory Progress calculators
• On-line completion of critical forms and esign
• All forms available for on-line completion and
  printing.

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Secure Access
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Awards
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Missing Information
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COMMUNICATION

• Web site www.latech.edu/finaid updated frequently
  and contains MY AID portal for students. There is
  also an EDUCATORS Tab where forms, links and
  presentations are available.
• E-mail Techaid_at_ltfa.latech.edu
• Staff and faculty may call on 2641.