of Office Offi f Undergraduate U d d t Admissions & Student Aid
Office of Student Aid & Scholarships
TOPICS TO BE DISCUSSED
LSU Scholarships & Institutional Aid The Louisiana State TOPS Program Federal Financial Aid Programs Th FAFSA The
Office of Student Aid & Scholarships
LSU SCHOLARSHIPS
The application for scholarships at LSU is the application for admission. Additional scholarships are offered through each college, so check with the department of your chosen major! d t t f h j !
Office of Student Aid & Scholarships
CONTINUING STUDENT SCHOLARSHIPS
Students are eligible for consideration if they meet the following requirements:
At LSU for a minimum of one (1) year E Earned 24 credit hours d dit h Enrolled Full-Time Minimum cumulative GPA of 3.5
Office of Student Aid & Scholarships
TOPS PROGRAM
St t scholarship program State h l hi Application for TOPS is the FAFSA Visit www.osfa.state.la.us for additional information Tuition and Fees at LSU = approximately $2,400 per semester!
SCHOLARSHIP ACT* SAT** GPA AWARD
TOPS Opportunity Award TOPS Performance Award TOPS Honors Award
*Composite Score **Combined Critical Reading and Math Score
20 23 27
950 1060 1210
2.5 25 3.0 3.0
$1664 per Semester $1864 per Semester $2064 per Semester
Office of Student Aid & Scholarships
TOPS NOTIFICATION AND FUNDING
t OSFA b began notifying students June 1st tif i t d t J
LSU does not receive TOPS funds until October Students who meet the following requirements will receive an anticipated credit on the fee bill:
Admitted to the University LA Resident Completed the FAFSA 2.5 GPA 20 ACT
Office of Student Aid & Scholarships
IMPORTANT TOPS INFO
St d t must b enrolled for full-time hours on Students t be ll d f f ll ti h the 15th day of class to receive payment for TOPS for that semester! Students must earn 24 credit hours each year (Fall/Winter Session/Spring) and maintain the required GPA for their TOPS Award GPA Requirement: Below 48 hours earned 2.3 GPA 48 or above hours earned 2.5 GPA Performance or Honors Recipient 3.0 GPA
Office of Student Aid & Scholarships
THE PELICAN PROMISE
Requirements:
Eligible for a Federal Pell Grant Family income is equal to or lesser than 150 percent of the poverty level
Eligibility will be determined once the student completes the FAFSA and has applied for all state, state federal and LSU resources Value of the award is the equivalent of tuition and registration fee
Office of Student Aid & Scholarships
FEDERAL FINANCIAL AID
Grants Federal Work Study Program Federal Loans
Office of Student Aid & Scholarships
GRANTS
Student must demonstrate financial need Gift Aid No Repayment Available only to Undergraduate Students
Office of Student Aid & Scholarships
TYPES OF GRANTS
P ll Grant Pell G t
Maximum award for 2008-09 is $4,731
Supplemental Educational Opportunity Grant (SEOG)
Maximum award for 2008 09 at LSU is $1 000 2008-09 $1,000
Leveraging Educational Assistance Partnership (LEAP)
Maximum award for 2008-09 at LSU is $1,000 Must meet LOSFA requirements q
Office of Student Aid & Scholarships
ADDITIONAL GRANTS
A d i Competitiveness Grant (ACG) Academic C titi G t
Available to first year students in the amount of $750 per year and second year students in the amount of $1,300 per year Enrolled full time, Pell eligible, and completed a rigorous high school program
National Smart Grant
A il bl to third and fourth year students in the amount of Available t thi d d f th t d t i th t f $4,000 per year Enrolled full time, Pell eligible, majoring in certain coursework such as physical, life or computer science, engineering, mathematics, or technology
Office of Student Aid & Scholarships
WORK STUDY PROGRAM
Provides on and off campus jobs to students
Community Service Program Opportunities
Award is based on financial need Limitedly funded program Self Help Aid No Repayment Students earn bi-monthly paycheck from LSU Maximum of $2,400 per year $2 400
Office of Student Aid & Scholarships
FEDERAL LOANS
Perkins Loans
Maximum amount per year is $4,000 for undergraduate and $6,000 for g $ , graduates
Stafford Loans
Fixed 6.8% Interest Rate Subsidized Federal government pays interest while student in school Unsubsidized Interest is charged while student is in school g
Office of Student Aid & Scholarships
ANNUAL STAFFORD LOAN LIMITS
Freshmen: $ $3,500 Sophomores: $4,500 Juniors & Seniors: $5,500
Maximum Aggregate Loan Limits: gg g $23,000 for Undergraduate Students
Office of Student Aid Scholarships
PLUS & LOANS
For parents of dependent students Not based on financial need Approval based on parents' credit history A Annual l l loan limit is equal to the students li it i l t th t d t Cost of Attendance minus all other aid received
Visit www.salliemae.com/lsu/plus to complete an online application
Office of Student Aid & Scholarships
HOW TO APPLY
To apply for any Federal Financial Aid, you must complete the FAFSA (Free Application for Federal Student Aid).
Visit www.fafsa.ed.gov to apply online! LSU S h l C d 002010 School Code:
Office of Student Aid & Scholarships
WHEN TO APPLY
A l as soon as possible after January 1st each Apply ibl ft J 1 t h year Early completion is important because some federal aid programs are limitedly funded LSU's Financial Aid Year begins with Summer LSU s Semester
TOPS: Louisiana uses the FAFSA to award TOPS. The deadline to apply is July 1st without penalty. Applications not received d for the 2008 09 by J l b July 2nd f th 2008-09 academic year will b d i ill be processed for the subsequent academic year (2009-10).
Office of Student Aid & Scholarships
FAFSA FAQ's
Th FAFSA is FREE! N The i Never pay t complete it! to l t You must complete the FAFSA each year for federal financial aid consideration Student loans are available to just about everyone don t don't assume your income is too high! Filling out your tax return prior to submitting your FAFSA will make the process easier. Taxes not completed? Use the previous year's return as a basis for estimation.
Office of Student Aid & Scholarships
FEDERAL AID PROCESS
Apply for a PIN at www.pin.ed.gov Complete the FAFSA online at www.fafsa.ed.gov Student Aid Report mailed in 2 to 4 weeks Processed FAFSA sent to LSU from Department of Education Ed cation LSU begins reviewing FAFSA's in April
Office of Student Aid & Scholarships
FEDERAL AID PROCESS
What is Verification?
The federal government requires all universities receiving federal funds to confirm that information submitted on the FAFSA by students and their parents is correct.
LSU will email students via their PAWS account to request any necessary verification documents Students interested in receiving federal financial aid must submit all requested documentation After verification is complete we will email the student their complete, Financial Aid Package
Important Note: If you do not complete verification, verification you will not be packaged for financial aid!
Office of Student Aid & Scholarships
FIRST TIME BORROWERS
Upon accepting your first student loan, you will be directed to www.nelliemae.com to complete Entrance Counseling After accepting the loans, first time borrowers must complete a Master b t l t M t Promisso...