On-line Advisor Training & Quiz Reminder: Once you complete the training, there is a quiz with instructions.

Financial Aid and TOPS University of Louisiana at Lafayette Cindy Perez Executive Director Student Financial Aid & Scholarships

How to Apply: The FAFSA Complete FAFSA at www.fafsa.gov 2017-18 for Fall 17, Spring 18 & Summer 18 Uses 2015 Tax Info 2018-19 for Fall 18, Spring 19 & Summer 19 Uses 2016 Tax Info Deadlines: May 1: Financial Aid July 1: TOPS Must be completed each school year Sign with FSAID (parent & student) www.fsaid.gov FAFSA now available after October 1 Student and UL Financial Aid receive results

Financial Aid

Types of Financial Aid Grants Money given to students based on family financial need Federal Pell Grant ($2,920 - $293/semester) Louisiana Go Grant ($1,000/semester) Must be receiving Pell Must be a Louisiana resident Loans Money borrowed by student or parent which must be repaid, usually with interest Work Study Money earned from part-time campus job Need-based means that your family's financial resources,measured by a federal formula, are not sufficient to cover your educational costs. This formula analyzes a family's income and assets to determine its Expected Family Contribution (EFC) toward the cost of college

Federal Direct Student Loan Subsidized Direct Loan Based on financial need Government pays interest while in school Current Interest Rate = 3.76% Unsubsidized Direct Loan Not based on financial need Student is responsible for interest while in school – it is accrued and capitalized

Direct Loan Amounts Yearly Limits Dependent Total Independent Total Sub. Max Freshman (0-29) $5,500 $9,500 $3,500 Sophomore (30-59) $6,500 $10,500 $4,500 Junior/Senior (60+) $7,500 $12,500 Graduate n/a $20,500 $0

Direct Loan Amounts Aggregate Limits Dependent Total Independent Total Sub. Max Undergraduate $31,000 $57,500 $23,000 Graduate n/a $138,500

Parent Loan Federal Direct PLUS Loan Repayment begins 60 days after Parent loan for student’s educational expenses Parent must pass credit check If parent denied, student can borrow additional $4,000/yr Unsubsidized for a total of $9,500 annual loan Repayment begins 60 days after loan is fully disbursed Can defer until graduation but interest accrues Current Interest Rate = 6.31%

Military Financial Aid VA Education Benefits GI Bill (Post 9/11, Active Duty, Selected Reserve) Vocational Rehabilitation Dependents’ Educational Assistance Louisiana Dependent Fee Exemption (Title 29) Louisiana National Guard Tuition Exemption (STEP) Military Tuition Assistance (TA) Out-of-state fee waivers for eligible veterans & dependents Office of Veteran Services Sammi Conner, Director Foster Hall, Room 115 Phone: (337)482-5206 Email: veterans@louisiana.edu

TOPS Website: http://www.osfa.la.gov 1-800-259-5626 Louisiana Office of Student Financial Assistance (LOSFA) Website: http://www.osfa.la.gov 1-800-259-5626

TOPS Eligibility Opportunity Performance Honors 2.5 Core GPA 20 ACT 23 ACT 27 ACT Award determined by LOSFA Core = High School courses required by TOPS ACT Score must be achieved by deadline Deadline is graduation If ACT composite is <20 at graduation student can take June ACT test to become eligible.

TOPS 2017-2018 Semester Amounts Opportunity $2,703 Performance $2,903 (includes $200 stipend) Honors $3,103 (includes $400 stipend)

FAILURE TO EARN 24 HOURS WILL PERMANENTLY CANCEL TOPS! TOPS Rules Full Time Enrollment Continuously enroll as a full time student (12 credit hours) each Fall and Spring semester 24 Hours Must pass/earn 24 hours each school year School year is August-July and includes regular Fall, Spring & Summer semesters and Intersessions Hours earned in Advanced Placement or HS Dual-Enrolled are not applied to 24 hours FAILURE TO EARN 24 HOURS WILL PERMANENTLY CANCEL TOPS!

Financial Aid Rules Repeat Rule students can only receive federal aid twice for the same course once passed, even if a higher grade is needed to satisfy departmental requirements. Advising Graduating Seniors Students cannot receive federal aid if they are not pursuing a degree or certificate. A student who graduates must change their major if they plan to re-enroll to be eligible for federal aid.

Students must attend class to be eligible for aid Financial Aid Rules Students must attend class to be eligible for aid 60% point of semester equals 100% aid of the semester FN - Hours do not count in Financial Aid Eligibility FS – Important for last date of attendance. If a student received federal aid and has a 0.0 GPA at the end of the semester, we have to verify they earned that 0.0 and that they attended class, otherwise they have to repay aid that was disbursed to them.

Satisfactory Academic Progress Standards (SAP) 67% Completion & 2.0 GPA Students must complete 67% of registered hours each semester with 2.0 gpa Enroll in classes required in major Maximum Hours Allowed Undergraduate 180 hours 2nd degree Undergraduate 210 hours Graduate 54 hours Doctoral 108 hours

Failure to Meet SAP Standards Financial Aid Warning: A student who fails to meet SAP is placed on Financial Aid Warning. A Student on Financial Aid Warning may receive federal financial aid for the next term of enrollment without appeal. Financial Aid Suspension: A student who fails to meet SAP while on Financial Aid Warning is placed on Financial Aid Suspension and is not eligible to receive federal financial aid. The student may appeal to request continuation of federal financial aid. Appeals for aid are submitted by the student through ULink and are reviewed by the Academic Success Center A successful appeal allows continuation of eligibility of federal financial aid for the next term. If the appeal is unsuccessful and the student wishes to reestablish eligibility for federal financial aid, the student must enroll at least ½ time, cover tuition and fees from sources other than federal financial aid and meet SAP standards.

Show Me the Money!! Program Number of Recipients Disbursed Amount Pell Grants 5684 $ 22,927,698 35.5% Subsidized Loans 5944 $ 22,298,494 Unsubsidized Loans 7043 $ 33,965,374 PLUS 810 $ 7,024,684 Total Federal Aid $ 86,216,250 TOPS 7168 $ 24,845,974 44.8% GO Grants 1527 $ 2,340,099 2016-2017

Estimated SEMESTER Costs Tuition & Fees: $5,000 Full-time, In-state Room & Board: $5,000 Suite Style Room w/meal plan Books & Supplies: $ 600 Total Semester: $10,600 Total School Year: $21,200 Out of State add $6,864 per semester

What Students Owe

What Students Owe

Things to Know Unpaid Debt Holds are now on students with a balance over $2,500 that have no anticipated aid on their account. (TOPS) Unpaid Debt Holds will be going on any student with an outstanding debt before registration begins for Spring 2018 (excluding students on the payment plan who have not missed a payment deadline) Students must clear their semester debts within 60 days of the end of the semester or they will be turned over for collection and incur a 33.33% collection costs. (State Law)

Contact Information UL Financial Aid Office-Foster Hall Phone: 337-482-6506 Fax: 337-482-6502 Email: finaid@louisiana.edu Facebook: UL Lafayette Financial Aid Appointments Available 482-6223 Registration period – Walk In Appointments in the Conference Center

Executive Director Student Financial Aid & Scholarships Cindy Perez Executive Director Student Financial Aid & Scholarships Foster Hall, Room 106 337-482-6497 cperez@louisiana.edu

TOPS Eligibility Core 4 19 Units

TOPS Estimated Semester Amounts Opportunity $2,970 Performance $3,170 (includes $200 stipend) Honors $3,370 (includes $400 stipend) ESTIMATED 2016-2017 Semester Amounts

TOPS Estimated Semester Amounts Estimated 2017 – 2018 figures Awarded Funded Amount Amount Opportunity $2,703 $1,820 Performance $2,903 $2,006 Honors $3,103 $2,359

Student Loan Aggregate Limits Dependent Total Independent Total Sub. Max Undergraduate $31,000 $57,500 $23,000 Graduate n/a $138,500

TOPS Processing LOSFA determines TOPS eligibility Receives FAFSA, ACT score, H.S. Transcript Verify SSN and DOB match on all information Sign the LOSFA Consent Form TOPS Award letter is emailed to student Freshman processing usually begins mid-June of Senior Year Students can also check status online OSFA.la.gov – Student Portal Updates are available every Monday List of eligible students available to Louisiana colleges each week.

Quiz Instructions: For credit, please print out and return via green mail to Pennie Babin, attention Academic Success Center or it can be sent via email to pennie@louisiana.edu. 1. True or False A student needs 21 units for TOPS eligibility? 2. True or False Financial Aid determines TOPS eligibility? 3. What is the repeat rule? 4. How are financial aid appeals submitted by the student? 5. What are the deadlines to apply for 1. Financial Aid and 2. TOPS 6. What is the current interest rate for a parent loan? 7. What is the amount for an unpaid debt hold to be applied to a student’s account? True or False They have 90 days to clear the hold or it will be turned over to collections? 8. List the types of Financial Aid 9. Define TOPS eligibility? 10. What is the amount of funds awarded to TOPS recipients a. Opportunity b. Performance c. Honors 11. List the types of Federal Direct Student loans? 12. What is the contact information for Financial Aid and who is the Executive Director? 13. What are the direct loan aggregate limits for an independent undergraduate student? 14. What is the dependent loan aggregate limit for a dependent student?