Financial Aid Options for Pursuing Post
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Transcript Financial Aid Options for Pursuing Post
FAO
Over 87% of middle school parents want their children to attend
college but many must overcome large barriers to finance the cost.
Researchers have consistently noted three substantial factors that
negatively affect access & persistence to higher education:
insufficient academic preparation, lack of financial resources &
poor information.
Don't let this happen to YOU!
DRAFT
Financial Aid
Money to support a worthy person or cause
Types:
Scholarships
Grants
Loans
Work-Study programs
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Types of Financial Aid
Scholarship - a sum of money or other aid granted to a
student, because of merit, need, etc., to pursue his or
her studies
Grant - form of financial aid, based on need, which
you do not have to repay
Loan - something lent or furnished on condition of being
returned, especially a sum of money lent at interest
Work-study program - a program enabling high-school or
college students to combine academic work with actual
job experience
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Scholarships & Grants
>$19 billion available
Sources for college funds available by:
State
Major
Grades
Ethnicity
Family background
Athletic talent
Etc.
Students.gov
Scholarships.com
Free Money at brassmagazine.com
Teacher’s list
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Scholarships
Louisiana Community College
Fastweb.com
In-House - available for students at your high school
only
List of Scholarships
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Grants, Loans & Work-Study
Programs
Federal Student Aid
Offers grants, loans & work-study programs
Helps pay for everything from tuition & fees to books &
housing
Fafsa4caster.ed.gov
Eligibility estimate
Other information
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Grants
Pell Grant
Federal Supplemental Educational Opportunity Grant
(FSEOG)
Academic Competitiveness Grant (ACG)
Go Grant
Leveraging Education Assistance Partnership (LEAP)
Tuition Opportunity Program for Students (TOPS &
TOPS Tech)
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Loans
Federal Direct Student Loans
Loan Servicers:
ACS – www.acs-education.com
Citibank – www.citigroup.com
Nelnet – www.netlnet.net
Sallie Mae – www.salliemae.com
Federal Aid First
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Other Sources for Loans
Loan Servicers:
ACS – www.acs-education.com
Citibank – www.citigroup.com
Nelnet – www.netlnet.net
Sallie Mae – www.salliemae.com
Other Useful Internet Links
FinAid – www.finaid.com
Peterson’s – www.petersons.com
National Student Loan Clearinghouse – www.nslc.org
Louisiana Department of Labor – www.laworks.net
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Work-Study Programs
Federal Work-Study Program (FWS)
A Federal campus-based aid program
Provides jobs for students who have documented
financial need & who wish to earn part of their
educational expenses while they are attending school
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Other Sources
Title IV Financial Aid
Louisiana Rehabilitation Services
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Federal Student Aid
Office of the U.S. Dept. of Education
Ensures that all eligible individuals can benefit from
federally funded financial assistance for education
beyond high school
Title IV programs
Employment opportunities
http://federalstudentaid.ed.gov/about/index.html
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Title IV Programs (Grants, Loans & Work-Study
Programs)
Grants
Federal Pell Grants - grant aid to low- and middle-income
undergraduate students
Federal Supplemental Educational Opportunity Grants (FSEOG) Participating schools award FSEOG to undergraduate students with
exceptional financial need
Academic Competitiveness Grants (ACG) - Pell Grant eligible students
who have completed a rigorous secondary school program of study may
be eligible for ACG for first and second-year undergraduate studies
National Science & Mathematics Access to Retain Talent (National
SMART) - for the third, fourth & fifth years of undergraduate study, to
Pell-eligible students majoring in physical, life, or computer sciences,
mathematics, technology, or engineering or in a foreign language
determined critical to national security
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Title IV Programs (Grants, Loans & Work-Study
Programs)
Grants (continued)
Teacher Education Assistance for College & Higher Education
(TEACH) - grant assistance to students who are completing or who
plan to complete course work needed to begin a career in teaching;
students must sign an Agreement to Serve as a full-time teacher under
certain specific conditions
Leveraging Educational Assistance Partnership (LEAP) and Special
LEAP (SLEAP) Grants - formula-based programs that make federal
funds available to states to assist them in providing student assistance
programs for individuals with substantial financial need
http://federalstudentaid.ed.gov/about/title4_programs.html
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Title IV Programs (Grants, Loans & Work-Study
Programs)
Loans
Direct Loan Program - funds are lent directly to
students for undergraduate & graduate studies,
through participating postsecondary schools, with
funds borrowed from the U.S. Treasury.
Federal Perkins Loans - made through participating
schools to undergraduate, graduate & professional
students; offered to students demonstrating the
greatest financial need; based on a student's need & a
school's available funding
http://federalstudentaid.ed.gov/about/title4_program
s.html
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Title IV Programs (Grants, Loans & Work-Study
Programs)
Work-Study Programs
Work-Study - provides part-time employment for
students while they are enrolled in school; students are
paid directly for their work & schools are responsible
for administering the program; Award amount varies
based on the student's needs & school's funding level
http://federalstudentaid.ed.gov/about/title4_program
s.html
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Understanding FAFSA (Free Application for
Federal Student Aid )
All students are expected to contribute towards the cost
of their college education
How much you & your family will be expected to
contribute depends on your financial situation referred
to as your Expected Family Contribution (EFC)
FAFSA-the form used by the U.S. Department of
Education to determine your Expected Family
Contribution (EFC); also used by nearly all colleges &
universities to determine eligibility for federal, state,
and college-sponsored financial aid, including grants,
educational loans, and work-study programs
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LOSFA (Louisiana Office of
Student Financial Aid)
A state agency & the administrative arm of the
Louisiana Student Financial Assistance Commission &
the Louisiana Tuition Trust Authority
www.osfa.state.la.us or http://www.osfa.louisiana.gov/
Located at 602 North Street – 6th Floor, Baton Rouge,
LA
Programs administered by LOSFA:
TOPS (Taylor Opportunity Program for Students) - Louisiana’s premier
merit-based scholarship program
529 college savings plan
Student Tuition Assistance and Revenue Trust (START) program
Leveraging Educational Assistance Partnership program (LEAP)
Rockefeller State
Wildlife Scholarship program
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LOSFA (Louisiana Office of
Student Financial Aid)
Trailblazer Program
Summer camps for rising high school seniors that trains students
about the availability of financial aid as a means of access to
postsecondary education
START Saving Program
Louisiana’s 529 College Savings Plan; a great way to save for a child's
college education
TOPS Tech Early START Award
Provides up to $600 per academic year for any eligible 11th or 12th
grade student attending a Louisiana PUBLIC high school who
wishes to concurrently enroll for up to six credit hours per semester
at a public college in a vocational course of study leading to an
industry-based certification in a Top Demand Occupation
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LOSFA (Louisiana Office of
Student Financial Aid)
Early Start Program
Provides tuition assistance to eligible 11th & 12th grade
students from public high schools that enroll in eligible
college courses for dual credit at an eligible public or
private college or university
TOPS
Program of state scholarships for Louisiana residents
who attend either one of the Louisiana Public Colleges
and Universities, schools that are a part of the Louisiana
Community and Technical College System, Louisiana
approved Proprietary and Cosmetology Schools or
institutions that are a part of the Louisiana Association
of Independent Colleges and Universities.
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LOSFA (Louisiana Office of
Student Financial Aid)
LEAP
Need-based grant that can range from $200 to $2,000 for
full-time students attending Louisiana postsecondary
schools
GO Grant
Need-based component to the state's financial aid plan
to support nontraditional & low to moderate-income
students who need additional aid to afford the cost of
attending college; 2010-11 award year-maximum award is
$900
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LOSFA (Louisiana Office of
Student Financial Aid)
Chafee Educational Training Voucher
awards up to $5,000 annually during the academic year
to qualified students who have been in the foster care
system so they can pursue an academic college
education or technical & skill training in college to be
prepared to enter the workforce; actual award amount is
determined by the student’s financial need, which is
calculated in accordance with the Higher Education Act
of 1965, as amended
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LOSFA (Louisiana Office of
Student Financial Aid)
Volunteer Firemen Tuition Reimbursement
The Safer Tuition Reimbursement Grant sponsored by the
Louisiana State Firemen’s Association (LSFA); provides tuition
reimbursement for up to $8,000 for a two year degree & up to
$16,000 for a four year degree for eligible applicants who sign up to
serve as volunteer firemen in the State Louisiana after graduation
Rockefeller State Wildlife Scholarship
Competitive scholarship that awards $2000 annually for an
undergraduate student & $3,000 annually to a graduate student
pursuing a degree in forestry, wildlife or marine science at a
Louisiana Public College or University; cumulative maximum award
is $12,000 for up to three years of undergraduate study & two years
of graduate study
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LOSFA (Louisiana Office of
Student Financial Aid)
Loans
Health Care Educator Loan Forgiveness Program
Provides funding to individuals to pursue a master's or
doctoral degree in Nursing or Allied Health; will provide
forgivable loans of up to $20,000 per academic year to
individuals selected to participate in the Program by the
Board of Regents, up to a maximum of $40,000 for
master's degree students or $60,000 for doctoral degree
students
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LOSFA (Louisiana Office of
Student Financial Aid)
Loans
John R. Justice Student Loan Repayment Program
Provides for the payment of eligible educational loans (both Federal
Family Education Loan Program [FFELP] & Federal Direct Loans)
for state & federal public defenders & state prosecutors employed in
Louisiana who agree to remain employed as public defenders and
prosecutors for at least three years
Louisiana Guaranteed Student Loans
LOFSA – designated by U.S. Dept. of Education to be Guarantor of
student loans that originate in Louisiana under the Federal Family
Education Loan Program (FFELP) for loans disbursed prior to July 1,
2010
New Student Loans
Perkins Loans
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FAFSA & LOFSA
Louisiana College Goal SundaySM-an event held at
campuses around the state (usually in February) that will
help students with the tedious process of filling out the
FAFSA (Free Application for Federal Student Aid) in order
to obtain financial aid; free on-site assistance from area
college financial aid professionals will be provided
For more information including what students need to bring,
visit www.osfa.la.gov/CollegeGoalSunday.shtm
Sponsored by the Louisiana Association of Student Financial
Aid Administrators (LASFAA) and the Louisiana Office of
Student Financial Assistance (LOFSA) with funding from a
Lumina Foundation for Education grant (program created by
the Indiana Student Financial Aid Association with funding
from Lilly Endowment, Inc. and with supplemental support
from Lumina Foundation for Education.
Sunday, February 26, 2012
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LOSFA (Louisiana Office of Student
Financial Aid)
College Knowledge - http://losfa.clickherepublishing.com
Over 87% of middle school parents want their children to attend college
but many must overcome large barriers to finance the cost. Researchers
have consistently noted three substantial factors that negatively affect
access and persistence to higher education: insufficient academic
preparation, lack of financial resources, and poor information. Don't let
years of academic preparation go to waste because of failure to plan
financially for college!
√ Check out the new College Knowledge interactive website at
http://losfa.clickherepublishing.com.
DRAFT
LOSFA (Louisiana Office of Student
Financial Aid)
Financial Literacy for You (FLY)
National Jumpstart maintains a database of additional personal finance
resources (many are low cost or free of charge)
Provides ordering information so that teachers can contact the publisher or
source of the titles
Teachers are urged to browse the clearinghouse website
(www.jumpstartclearinghouse.org)
DRAFT
Other Useful Internet Links
FinAid – www.finaid.com
Peterson’s – www.petersons.com
National Student Loan Clearinghouse – www.nslc.org
Louisiana Department of Labor – www.laworks.net
DRAFT
Sources
“Reinvent Yourself Paving the Road after Graduation.”
brass|MAGAZINE. Spring 2011.
Dictionary.com
Scholarships.com
www.fafsa.com (not affiliated with the U.S. Dept. of
Education)
www.fafsa.ed.gov
www.ofsa.state.la.us
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