Transcript Louisiana Tech University Division of Student Financial Aid

Louisiana Tech University
Division of Student Financial Aid
University Seminar Instructor’s
Workshop
August 29, 2006
LOUISIANA TECH UNIVERSITY
FINANCIAL AID AWARDS
2005-2006
Priv Loans, $742,005
1%
State Grants,
$11,254,294
19%
Fed Grants
$7,085,315
12%
Other Grants,
$1,930,622
3%
Inst Aid
$10,354,407
17%
$59,178,937
Fed Loans
$25,529,474
44%
Stu Empl
$2,282,820
4%
Financial Aid at Tech
2005-2006
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Over 8,700 students received some
form of aid
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$57 million in aid awarded
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Average aid
$6556
Academic Competitiveness Grant
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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
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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
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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 Curriculum
at Louisiana Tech University
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Animal Science
Biology
Biomedical Engineering
Chemical Engineering
Chemistry
Civil Engineering
Construction Engineering Technology
Computer Science
Current SMART Curriculum
at Louisiana Tech University
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Electrical Engineering
Electrical Engineering Technology
Industrial Engineering
Mathematics
Mechanical Engineering
Nanosystems Engineering
Physics
ATTENDANCE
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Roll Taking
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Reporting
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Some manner of determining class attendance/participation
and last day of attendance / participation.
Ninth class day and end of quarter equally important.
Recording and retention of basis for report
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Essential for confirmation.
Students contest reported data many quarters later.
Department may need to retain class rolls upon instructor’s
departure.
Incomplete Grades
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Financial Aid Impact
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Liability
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University must repay to federal programs.
Conformance to Catalog Guidance
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Satisfactory Progress
Student & Instructor collaboration
Grade changes Prompt / Timely
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Review outstanding I grades and resolve
them in next regular quarter.
Satisfactory Academic Progress
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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.
SAP Evaluation
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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*
Tech SAP Standards
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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.
SAP Calculators
SAP Calculator
Satisfactory Academic Progress
Appeals
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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.
Satisfactory Academic Progress
Reinstatement
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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
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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.
Return of Title IV Funds
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Quarter
100% Earned
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Fall 2006
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Winter 06-07 attend on January 25, 2007 February 2, 2007
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Spring 2007attend on April 19, 2007
April 27, 2007
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Sum 2007
See specific sections
attend on October 19, 2006
attend on July 13, 2007
"W" Drop Day
October 27, 2006
TOPS
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Retention is based on:
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College GPA
Quarterly
 Cumulative
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Full-time enrollment
 Successful completion of 24 credit hours
 Accurate advising
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TOPS Requirements
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Students receiving TOPS:
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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.
TOPS Requirements
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Students receiving TOPS must:
Make a 2.00 cumulative GPA each quarter
 Achieve the required cumulative GPA at the
end of the academic year.
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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
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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.
Secure Access
Awards
Missing Information
COMMUNICATION
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Web site www.latech.edu/finaid updated
frequently and contains MY AID portal
for students. The EDUCATORS Tab
contains links, forms and presentations.
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E-mail [email protected]
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Students may call on 2641.