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!

FAO

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Financial AidMoney to support a worthy person or causeTypes:

ScholarshipsGrantsLoansWork-Study programs

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Types of Financial AidScholarship - 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 availableSources for college funds available by:

StateMajorGradesEthnicityFamily backgroundAthletic talentEtc.

Students.govScholarships.comFree Money at brassmagazine.comTeacher’s list

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ScholarshipsLouisiana 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 ProgramsFederal Student Aid

Offers grants, loans & work-study programsHelps pay for everything from tuition & fees to

books & housingFafsa4caster.ed.gov

Eligibility estimate Other information

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GrantsPell GrantFederal Supplemental Educational

Opportunity Grant (FSEOG)Academic Competitiveness Grant (ACG)Go GrantLeveraging Education Assistance Partnership

(LEAP)Tuition Opportunity Program for Students

(TOPS & TOPS Tech)

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LoansFederal Direct Student LoansLoan Servicers:

ACS – www.acs-education.comCitibank – www.citigroup.comNelnet – www.netlnet.netSallie Mae – www.salliemae.com

Federal Aid First

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Other Sources for LoansLoan Servicers:ACS – www.acs-education.comCitibank – www.citigroup.comNelnet – www.netlnet.netSallie Mae – www.salliemae.comOther Useful Internet LinksFinAid – www.finaid.comPeterson’s – www.petersons.comNational Student Loan Clearinghouse –

www.nslc.orgLouisiana Department of Labor – www.laworks.net

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Work-Study ProgramsFederal Work-Study Program (FWS)

A Federal campus-based aid programProvides 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 SourcesTitle IV Financial AidLouisiana Rehabilitation Services

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Federal Student AidOffice of the U.S. Dept. of EducationEnsures that all eligible individuals can

benefit from federally funded financial assistance for education beyond high schoolTitle IV programsEmployment opportunities

http://federalstudentaid.ed.gov/about/index.html

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Title IV Programs (Grants, Loans & Work-Study Programs)

GrantsFederal Pell Grants - grant aid to low- and middle-income

undergraduate studentsFederal 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)LoansDirect 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_programs.html

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Title IV Programs (Grants, Loans & Work-Study Programs)

Work-Study ProgramsWork-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_programs.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 educationHow 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,

LAPrograms 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 educationTOPS 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

TOPSProgram 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 GrantNeed-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

Chafee Educational Training VoucherVolunteer Firemen Tuition ReimbursementRockefeller State Wildlife Scholarship

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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 ScholarshipCompetitive 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)LoansHealth 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 LoansLOFSA – 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 & LOFSALouisiana 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 providedFor more information including what students need to

bring, visit www.osfa.la.gov/CollegeGoalSunday.shtmSponsored 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.

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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)

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Other Useful Internet Links

FinAid – www.finaid.comPeterson’s – www.petersons.comNational Student Loan Clearinghouse –

www.nslc.orgLouisiana Department of Labor –

www.laworks.net

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Sources“Reinvent Yourself Paving the Road after

Graduation.” brass|MAGAZINE. Spring 2011.Dictionary.comScholarships.comwww.fafsa.com (not affiliated with the U.S.

Dept. of Education)www.fafsa.ed.govwww.ofsa.state.la.us

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