Louisiana Tech University Division of Student Financial Aid

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Louisiana Tech UniversityDivision of Student
Financial Aid

• University Seminar Instructors
• Workshop
• August 29, 2006

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LOUISIANA TECH UNIVERSITYFINANCIAL AID AWARDS
2005-2006
59,178,937
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Financial Aid at Tech2005-2006

• Over 8,700 students received some form of aid
• 57 million in aid awarded
• Average aid 6556

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Academic Competitiveness Grant

• 1st year
• Graduate HS after Jan 1, 2006
• Complete Rigorous HS curriculum
• US citizen
• Enroll full time
• Pell recipient
• Eligible between 0-25 credit hours earned
• Maximum 750

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Academic Competitiveness Grant

• 2nd Year
• Earn a CGPA of 3.00 at 24 earned hours
• Graduated HS after Jan 1, 2005
• US citizen
• Enroll full time
• Pell recipient
• Eligible between 24 and 49 earned hours
• Maximum 1300

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National SMART Grant

• Qualifications
• US Citizen
• Full-time enrollment
• 3.00 Cum GPA each quarter
• Specified majors
• Pell recipient
• Eligible between 48 97 earned hours
• Maximum 4,000 annual award

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Current SMART Curriculumat Louisiana Tech
University

• Animal Science
• Biology
• Biomedical Engineering
• Chemical Engineering
• Chemistry
• Civil Engineering
• Construction Engineering Technology
• Computer Science

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Current SMART Curriculumat Louisiana Tech
University

• Electrical Engineering
• Electrical Engineering Technology
• Industrial Engineering
• Mathematics
• Mechanical Engineering
• Nanosystems Engineering
• Physics

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ATTENDANCE

• Roll Taking
• Some manner of determining class
  attendance/participation and last day of
  attendance / participation.
• Reporting
• Ninth class day and end of quarter equally
  important.
• Recording and retention of basis for report
• Essential for confirmation.
• Students contest reported data many quarters
  later.
• Department may need to retain class rolls upon
  instructors departure.

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Incomplete Grades

• Financial Aid Impact
• Satisfactory Progress
• Liability
• University must repay to federal programs.
• Conformance to Catalog Guidance
• Student Instructor collaboration
• Grade changes Prompt / Timely
• Review outstanding I grades and resolve them in
  next regular quarter.

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Satisfactory Academic Progress

• Required by federal law
• Applies to all recipients of federal student aid.
  This includes Pell, ACG, SMART, SEOG and LEAP
  grants, Perkins, Stafford and PLUS loans, and
  Federal Work-study employment.
• Reviewed annually except for maximum hours which
  is reviewed each quarter.

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SAP Evaluation

• Incoming transfers On application
• Readmitted students When readmitted
• Continuing students Winter quarter
• Probationary students Winter quarter
• Twice resigned students Must appeal
• High hour students Each quarter

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Tech SAP Standards

• Maintain a 2.00 undergraduate cumulative GPA or a
  3.00 graduate cumulative GPA.
• Complete 67 of the courses in which enrolled
  each academic year. An academic year is Fall,
  Winter, Spring and Summer.
• Complete the undergraduate degree program in no
  more than 150 of the hours specified in the
  catalog for the program.

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SAP Calculators
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SAP Calculator
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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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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 cumulative 2.00 UG GPA or
  3.00 Graduate GPA.

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Return of Title IV Funds

• Title IV funds are the federal financial aid
  sources previously listed.
• Students must complete over 60 of a quarter to
  have earned their awarded aid.
• Withdrawal before the 60 point in a quarter will
  trigger a return of aid calculation and may
  require the student to return some of the federal
  money they received.

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Return of Title IV Funds

• Quarter 100 Earned "W" Drop Day
• Fall 2006 attend on October 19, 2006 October 27,
  2006
• Winter 06-07 attend on January 25, 2007 February
  2, 2007
• Spring 2007 attend on April 19, 2007 April 27,
  2007
• Sum 2007 attend on July 13, 2007 See specific
  sections

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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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TOPS Requirements

• Students receiving TOPS
• must successfully complete 24 credit hours each
  year in the Fall, Winter and Spring quarters.
  Summer cannot be used for hours.
• cannot use CLEP or AP credits towards the
  required 24 credit hours.
• must enroll as a full-time student each quarter
  (8 or more hours). Audits do not count.
• must be enrolled as a full-time student through
  the 9th class day to receive TOPS funds for the
  quarter.

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TOPS Requirements

• Students receiving TOPS must
• Make a 2.00 cumulative GPA each quarter
• Achieve the required cumulative GPA at the end of
  the academic year.
• 2.30 1st year of Opportunity TOPS
• 2.50 2nd year and all future years of Opportunity
  TOPS
• 3.00 at end of each academic year for Honors and
  performance TOPS awards.

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Length of TOPS Eligibility

• Four years or twelve quarters
• If Undergraduate degree earned in less than 12
  quarters remaining TOPS may be applied to
  graduate academic work as long as academic
  requirements are met.
• If TOPS lost due to low GPA, it may be regained
  if all other conditions are met and the GPA is
  raised to the appropriate level within two years.

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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. The
  EDUCATORS Tab contains links, forms and
  presentations.
• E-mail Techaid_at_ltfa.latech.edu
• Students may call on 2641.