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Louisiana Tech University Division of Student Financial Aid University Seminar Instructor’s Workshop August 29, 2006.

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Presentation on theme: "Louisiana Tech University Division of Student Financial Aid University Seminar Instructor’s Workshop August 29, 2006."— Presentation transcript:

1 Louisiana Tech University Division of Student Financial Aid University Seminar Instructor’s Workshop August 29, 2006

2 LOUISIANA TECH UNIVERSITY FINANCIAL AID AWARDS 2005-2006 $59,178,937

3 Financial Aid at Tech 2005-2006 Over 8,700 students received some form of aid Over 8,700 students received some form of aid $57 million in aid awarded $57 million in aid awarded Average aid $6556 Average aid $6556

4 Academic Competitiveness Grant 1 st year 1 st year Graduate HS after Jan 1, 2006 Graduate HS after Jan 1, 2006 Complete “Rigorous” HS curriculum Complete “Rigorous” HS curriculum US citizen US citizen Enroll full time Enroll full time Pell recipient Pell recipient Eligible between 0-25 credit hours earned Eligible between 0-25 credit hours earned Maximum $750 Maximum $750

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

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

7 Current SMART Curriculum at Louisiana Tech University Animal Science Animal Science Biology Biology Biomedical Engineering Biomedical Engineering Chemical Engineering Chemical Engineering Chemistry Chemistry Civil Engineering Civil Engineering Construction Engineering Technology Construction Engineering Technology Computer Science Computer Science

8 Current SMART Curriculum at Louisiana Tech University Electrical Engineering Electrical Engineering Electrical Engineering Technology Electrical Engineering Technology Industrial Engineering Industrial Engineering Mathematics Mathematics Mechanical Engineering Mechanical Engineering Nanosystems Engineering Nanosystems Engineering Physics Physics

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

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

11 Satisfactory Academic Progress Required by federal law 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. 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. Reviewed annually except for maximum hours which is reviewed each quarter.

12 SAP Evaluation Incoming transfers – On application Incoming transfers – On application Readmitted students – When readmitted Readmitted students – When readmitted Continuing students – Winter quarter Continuing students – Winter quarter Probationary students – Winter quarter Probationary students – Winter quarter Twice resigned students – Must appeal Twice resigned students – Must appeal High hour students – Each quarter* High hour students – Each quarter*

13 Tech SAP Standards Maintain a 2.00 undergraduate cumulative GPA or a 3.00 graduate cumulative GPA. 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 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. Complete the undergraduate degree program in no more than 150% of the hours specified in the catalog for the program.

14 SAP Calculators

15 SAP Calculator

16 Satisfactory Academic Progress Appeals Complete appeal form Complete appeal form Attach an unofficial transcript Attach an unofficial transcript Attach documentation to support appeal statements. 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. If aggregate hour appeal, attach degree completion plan indicating remaining courses and estimate of graduation quarter signed by advisor.

17 Satisfactory Academic Progress Reinstatement Complete on-line Reinstatement request form. Complete on-line Reinstatement request form. Submit form. Submit form. Student must have: Student must have: Earned 67% of courses in which enrolled while not eligible for fed aid and Earned 67% of courses in which enrolled while not eligible for fed aid and Successfully completed 8 credit hours and Successfully completed 8 credit hours and Have attained a minimum cumulative 2.00 UG GPA or 3.00 Graduate GPA. Have attained a minimum cumulative 2.00 UG GPA or 3.00 Graduate GPA.

18 Return of Title IV Funds Title IV funds are the federal financial aid sources previously listed. 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. 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. 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.

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

20 TOPS Retention is based on: Retention is based on: College GPA College GPA Quarterly Quarterly Cumulative Cumulative Full-time enrollment Full-time enrollment Successful completion of 24 credit hours Successful completion of 24 credit hours Accurate advising Accurate advising

21 TOPS Requirements Students receiving TOPS: Students receiving TOPS: must successfully complete 24 credit hours each year in the Fall, Winter and Spring quarters. Summer cannot be used for hours. 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. 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 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 9 th class day to receive TOPS funds for the quarter. must be enrolled as a full-time student through the 9 th class day to receive TOPS funds for the quarter.

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

23 Length of TOPS Eligibility Four years or twelve quarters 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 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. 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.

24 Secure Access

25 Awards

26 Missing Information

27 COMMUNICATION Web site www.latech.edu/finaid updated frequently and contains MY AID portal for students. The EDUCATORS Tab contains links, forms and presentations. Web site www.latech.edu/finaid updated frequently and contains MY AID portal for students. The EDUCATORS Tab contains links, forms and presentations.www.latech.edu/finaid E-mail Techaid@ltfa.latech.edu E-mail Techaid@ltfa.latech.eduTechaid@ltfa.latech.edu Students may call on 2641. Students may call on 2641.


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