louisiana office of student financial assistance (losfa) a ...senate.la.gov/tops/presentations/losfa...

LOSFA’s Vision is to be Louisiana’s First Choice for College Access

Louisiana Office of Student Financial Assistance (LOSFA) A program of The Board of Regents

, Ed.D. Executive Director

Presented to Board of Regents Board Development

August 24, 2016

Sujuan W. Boutté, Ed.D.

Executive Director

Presented to TOPS Legislative Taskforce

October 25, 2017

Cost of Attendance

(COA)



• What is Cost of Attendance (COA)? – Tuition and fees

– Room and board

– Books and supplies

– Transportation

– Miscellaneous personal expenses

– Dependent Care expenses (if applicable)

• What is Expected Family Contribution (EFC) and how is it determined? – The EFC is a measure of your family’s financial

strength and is calculated according to a formula established by federal law.

– Determined by looking at: – Income

– Assets (excluding the family home)

– Family size

– Number of family members attending college (excluding parents)

– Age of parents

• What is a “Full Ride”? – Tuition and fees

– Room and board

– Books and supplies

– DOES NOT INCLUDE: Transportation, Miscellaneous personal expenses and Dependent Care Costs

2



Formula for Determination of Financial Need

Cost of Attendance (COA)

-Expected Family Contribution (EFC)

=Financial Need

- Aid and Resources

= Remaining Financial Need*

* Student must work or borrow to meet this amount. 3



Types of Aid & Resources • Gift Aid (Need and Merit Based):

– Federal Aid (Need Based)

• PELL Grant – grant money – does not need to be repaid

• SEOG Grant – grant money – does not need to be repaid

• Federal Work Study Jobs – pay for work– does not need to be repaid

– State Aid (Need Based)

• GO Grant – grant money – does not need to be repaid

– State Aid (Merit Based)

• TOPS Scholarship – scholarship money – does not need to be repaid

– Institutional Aid (Need or Merit Based) – normally does not need to be repaid

• Self-Help – Wages earned through work – pay earned for work

– Loans – borrowed money – must be repaid

4



What Proportion of COA does TOPS Cover?

5



6

PERCENTAGE OF TUITION COVERED BY TOPS AWARD As of August 1, 2017 *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE.

UNDERGRADUATE ONLY

SOUTHERN UNIVERSITY SYSTEM

Southern Baton Rouge $4,973.00 $4,973.00 $0.00 100.0%

Southern New Orleans $4,236.00 $4,236.00 $0.00 100.0%

Southern Shreveport $2,618.00 $2,618.00 $0.00 100.0%

UNIVERSITY OF LOUISIANA SYSTEM

Grambling $5,140.00 $5,140.00 $0.00 100.0%

Louisiana Tech ** $5,553.00 $5,553.00 $0.00 100.0%

McNeese $5,147.00 $5,147.00 $0.00 100.0%

Nicholls $4,922.00 $4,922.00 $0.00 100.0%

Northwestern $5,180.00 $5,180.00 $0.00 100.0%

Southeastern $5,777.00 $5,652.00 $125.00 97.8%

Univ. of LA at Lafayette $5,407.00 $5,407.00 $0.00 100.0%

Univ. of LA at Monroe $5,788.00 $5,788.00 $0.00 100.0%

UNO $6,090.00 $6,090.00 $0.00 100.0%

LOUISIANA STATE UNIVERSITY SYSTEM

LSU Alexandria $4,894.00 $4,894.00 $0.00 100.0%

LSU A&M $7,463.00 $7,463.00 $0.00 100.0%

LSU Eunice $2,711.00 $2,710.00 $1.00 100.0%

LSU Shreveport $5,372.00 $5,372.00 $0.00 100.0%

LSU HSC NO -Allied Health $7,673.00 $7,673.00 $0.00 100.0%

LSU HSC NO - Dental Hygiene $5,517.00 $5,517.00 $0.00 100.0%

LSU HSC NO - Dental Lab Tech $4,987.00 $4,987.00 $0.00 100.0%

LSU HSC NO - Nursing $5,612.00 $5,612.00 $0.00 100.0%LSU HSC Shr - Allied Health $7,183.00 $7,183.00 $0.00 100.0%

Baton Rouge Comm. College $3,086.00 $3,086.00 $0.00 100.0%

Bossier Parish Comm. College $3,214.00 $3,214.00 $0.00 100.0%

Delgado Comm. College $3,214.00 $3,214.00 $0.00 100.0%

Louisiana Delta Comm. College $3,214.00 $3,214.00 $0.00 100.0%

L.E. Fletcher Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%

Elaine P Nunez Comm. College $3,214.00 $3,214.00 $0.00 100.0%

River Parishes Comm. College $3,214.00 $3,214.00 $0.00 100.0%

South Louisiana Comm. College $3,214.00 $3,214.00 $0.00 100.0%

SOWELA Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%

Northshore Tech. Comm. College $3,214.00 $3,214.00 $0.00 100.0%

Central Louisiana Tech. Comm. Coll. $3,214.00 $3,214.00 $0.00 100.0%

Northwest Louisiana Tech. College $2,081.00 $2,081.00 $0.00 100.0%

South Central LA Tech. College $2,081.00 $2,081.00 $0.00 100.0%

PERCENTAGE

COVERED BY TOPS

*TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.

**CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)

ANNUAL RESIDENT

TUITION (12 HRS)

AMOUNT ANNUAL TOPS

OPPORTUNITY AWARD

ADDITIONAL COSTS

AFTER TOPS AWARD

LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM

Tuition data comes from the BOR 2017-18 Tuition and Fees Survey



7

PERCENTAGE OF TUITION & FEES COVERED BY TOPS AWARD As of August 1, 2017 *THIS CHART DOES NOT SHOW TOTAL COST OF ATTENDANCE.

UNDERGRADUATE ONLY


Southern Baton Rouge $8,666.00 $4,973.00 $3,693.00 57.4%

Southern New Orleans $6,891.00 $4,236.00 $2,655.00 61.5%

Southern Shreveport $4,132.00 $2,618.00 $1,514.00 63.4%

UNIVERSITY OF LOUISIANA SYSTEM

Grambling $7,443.00 $5,140.00 $2,303.00 69.1%

Louisiana Tech ** $9,615.00 $5,553.00 $4,062.00 57.8%

McNeese $7,727.00 $5,147.00 $2,580.00 66.6%

Nicholls $7,885.00 $4,922.00 $2,963.00 62.4%

Northwestern $8,588.00 $5,180.00 $3,408.00 60.3%

Southeastern $8,153.00 $5,652.00 $2,501.00 69.3%

Univ. of LA at Lafayette $9,876.00 $5,407.00 $4,469.00 54.7%

Univ. of LA at Monroe $8,470.00 $5,788.00 $2,682.00 68.3%

UNO $8,734.00 $6,090.00 $2,644.00 69.7%

LOUISIANA STATE UNIVERSITY SYSTEM

LSU Alexandria $6,724.00 $4,894.00 $1,830.00 72.8%

LSU A&M $11,318.00 $7,463.00 $3,855.00 65.9%

LSU Eunice $4,258.00 $2,710.00 $1,548.00 63.6%

LSU Shreveport $7,167.00 $5,372.00 $1,795.00 75.0%

LSU HSC NO -Allied Health $9,032.00 $7,673.00 $1,359.00 85.0%

LSU HSC NO - Dental Hygiene $6,830.00 $5,517.00 $1,313.00 80.8%

LSU HSC NO - Dental Lab Tech $6,291.00 $4,987.00 $1,304.00 79.3%

LSU HSC NO - Nursing $6,923.00 $5,612.00 $1,311.00 81.1%LSU HSC Shr - Allied Health $8,356.00 $7,183.00 $1,173.00 86.0%

Baton Rouge Comm. College $4,221.00 $3,086.00 $1,135.00 73.1%

Bossier Parish Comm. College $4,283.00 $3,214.00 $1,069.00 75.0%

Delgado Comm. College $4,129.00 $3,214.00 $915.00 77.8%

Louisiana Delta Comm. College $4,159.00 $3,214.00 $945.00 77.3%

L.E. Fletcher Tech. Comm. College $4,089.00 $3,214.00 $875.00 78.6%

Elaine P Nunez Comm. College $4,175.00 $3,214.00 $961.00 77.0%

River Parishes Comm. College $4,079.00 $3,214.00 $865.00 78.8%

South Louisiana Comm. College $4,205.00 $3,214.00 $991.00 76.4%

SOWELA Tech. Comm. College $4,185.00 $3,214.00 $971.00 76.8%

Northshore Tech. Comm. College $4,103.00 $3,214.00 $889.00 78.3%

Central Louisiana Tech. Comm. Coll. $4,084.00 $3,214.00 $870.00 78.7%

Northwest Louisiana Tech. College $2,976.00 $2,081.00 $895.00 69.9%

South Central LA Tech. College $2,976.00 $2,081.00 $895.00 69.9%

Highest COA Institution in each System highlighted.

PERCENTAGE

COVERED BY TOPS

*TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.

**CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)

ANNUAL RESIDENT

TUITION & FEES (12 HRS)

AMOUNT ANNUAL TOPS

OPPORTUNITY AWARD

ADDITIONAL COSTS

AFTER TOPS AWARD


Tuition and Fees data comes from the BOR 2017-18 Tuition and Fees Survey



8

PERCENTAGE OF COA (Living w/ Parents) COVERED BY TOPS AWARD As of August 1, 2017

UNDERGRADUATE ONLY


Southern Baton Rouge $8,666 $3,292 $1,300 $1,916 $2,042 $17,216 $4,973 $12,243 28.9%

Southern New Orleans $6,891 $3,292 $1,300 $1,916 $2,042 $15,441 $4,236 $11,205 27.4%

Southern Shreveport $4,132 $3,292 $1,300 $1,916 $2,042 $12,682 $2,618 $10,064 20.6%UNIVERSITY OF LOUISIANA SYSTEM

Grambling $7,443 $3,292 $1,300 $1,916 $2,042 $15,993 $5,140 $10,853 32.1%

Louisiana Tech * $9,615 $3,292 $1,300 $1,916 $2,042 $18,165 $5,553 $12,612 30.6%

McNeese $7,727 $3,292 $1,300 $1,916 $2,042 $16,277 $5,147 $11,130 31.6%

Nicholls $7,885 $3,292 $1,300 $1,916 $2,042 $16,435 $4,922 $11,513 29.9%

Northwestern $8,588 $3,292 $1,300 $1,916 $2,042 $17,138 $5,180 $11,958 30.2%

Southeastern $8,153 $3,292 $1,300 $1,916 $2,042 $16,703 $5,652 $11,051 33.8%

Univ. of LA at Lafayette $9,876 $3,292 $1,300 $1,916 $2,042 $18,426 $5,407 $13,019 29.3%

Univ. of LA at Monroe $8,470 $3,292 $1,300 $1,916 $2,042 $17,020 $5,788 $11,232 34.0%

UNO $8,734 $3,292 $1,300 $1,916 $2,042 $17,284 $6,090 $11,194 35.2%LOUISIANA STATE UNIVERSITY SYSTEM

LSU Alexandria $6,724 $3,292 $1,300 $1,916 $2,042 $15,274 $4,894 $10,380 32.0%

LSU A&M $11,318 $3,292 $1,300 $1,916 $2,042 $19,868 $7,463 $12,405 37.6%

LSU Eunice $4,258 $3,292 $1,300 $1,916 $2,042 $12,808 $2,710 $10,098 21.2%

LSU Shreveport $7,167 $3,292 $1,300 $1,916 $2,042 $15,717 $5,372 $10,345 34.2%

LSU HSC NO -Allied Health $9,032 $3,292 $1,300 $1,916 $2,042 $17,582 $7,673 $9,909 43.6%

LSU HSC NO - Dental Hygiene $6,830 $3,292 $1,300 $1,916 $2,042 $15,380 $5,517 $9,863 35.9%

LSU HSC NO - Dental Lab Tech $6,291 $3,292 $1,300 $1,916 $2,042 $14,841 $4,987 $9,854 33.6%

LSU HSC NO - Nursing $6,923 $3,292 $1,300 $1,916 $2,042 $15,473 $5,612 $9,861 36.3%LSU HSC Shr - Allied Health $8,356 $3,292 $1,300 $1,916 $2,042 $16,906 $7,183 $9,723 42.5%

Baton Rouge Comm. College $4,221 $3,292 $1,300 $1,916 $2,042 $12,771 $3,086 $9,685 24.2%

Bossier Parish Comm. College $4,283 $3,292 $1,300 $1,916 $2,042 $12,833 $3,214 $9,619 25.0%

Delgado Comm. College $4,129 $3,292 $1,300 $1,916 $2,042 $12,679 $3,214 $9,465 25.3%

Louisiana Delta Comm. College $4,159 $3,292 $1,300 $1,916 $2,042 $12,709 $3,214 $9,495 25.3%

L.E. Fletcher Tech. Comm. College $4,089 $3,292 $1,300 $1,916 $2,042 $12,639 $3,214 $9,425 25.4%

Elaine P Nunez Comm. College $4,175 $3,292 $1,300 $1,916 $2,042 $12,725 $3,214 $9,511 25.3%

River Parishes Comm. College $4,079 $3,292 $1,300 $1,916 $2,042 $12,629 $3,214 $9,415 25.4%

South Louisiana Comm. College $4,205 $3,292 $1,300 $1,916 $2,042 $12,755 $3,214 $9,541 25.2%

SOWELA Tech. Comm. College $4,185 $3,292 $1,300 $1,916 $2,042 $12,735 $3,214 $9,521 25.2%

Northshore Tech. Comm. College $4,103 $3,292 $1,300 $1,916 $2,042 $12,653 $3,214 $9,439 25.4%

Central Louisiana Tech. Comm. Coll. $4,084 $3,292 $1,300 $1,916 $2,042 $12,634 $3,214 $9,420 25.4%

Northwest Louisiana Tech. College $2,976 $3,292 $1,300 $1,916 $2,042 $11,526 $2,081 $9,445 18.1%

South Central LA Tech. College $2,976 $3,292 $1,300 $1,916 $2,042 $11,526 $2,081 $9,445 18.1%


PERCENTAGE

COVERED BY TOPS

ADDITIONAL COSTS

AFTER TOPS AWARD

***TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.

*CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)


**Information based on 2017-18 Cost of Attendance Budgets for Title IV Programs prepared by LASFAA (Louisiana Association of Student Financial Aid Administrators)

ANNUAL RESIDENT


ROOM &

BOARD

***TOTAL COST OF

ATTENDANCE

**BASED ON LIVING WITH PARENTS w/o DEPENDENT CHILDREN

BOOKS &

SUPPLIES TRANSPORTATION

MISCELLANEOUS

/PERSONAL EXPENSES

ANNUAL TOPS

OPPORTUNITY AWARD




9

PERCENTAGE OF COA (NOT Living w/ Parents) COVERED BY TOPS AWARD As of August 1, 2017 **BASED ON LIVING ON CAMPUS/OFF CAMPUS (NOT WITH PARENTS)

UNDERGRADUATE ONLY


Southern Baton Rouge $8,666 $8,018 $1,300 $1,331 $2,042 $4,973 $16,384 23.3%

Southern New Orleans $6,891 $9,380 $1,300 $1,916 $2,042 $4,236 $17,293 19.7%

Southern Shreveport $4,132 $11,330 $1,300 $1,916 $2,042 $2,618 $18,102 12.6%UNIVERSITY OF LOUISIANA SYSTEM

Grambling $7,443 $8,462 $1,300 $1,331 $2,042 $5,140 $15,438 25.0%

Louisiana Tech * $9,615 $6,360 $1,300 $1,331 $2,042 $5,553 $15,095 26.9%

McNeese $7,727 $8,233 $1,300 $1,331 $2,042 $5,147 $15,486 24.9%

Nicholls $7,885 $9,790 $1,300 $1,331 $2,042 $4,922 $17,426 22.0%

Northwestern $8,588 $10,594 $1,300 $1,331 $2,042 $5,180 $18,675 21.7%

Southeastern $8,153 $9,870 $1,300 $1,331 $2,042 $5,652 $17,044 24.9%

Univ. of LA at Lafayette $9,876 $9,746 $1,300 $1,331 $2,042 $5,407 $18,888 22.3%

Univ. of LA at Monroe $8,470 $7,524 $1,300 $1,331 $2,042 $5,788 $14,879 28.0%

UNO $8,734 $10,250 $1,300 $1,331 $2,042 $6,090 $17,567 25.7%LOUISIANA STATE UNIVERSITY SYSTEM

LSU Alexandria $6,724 $6,950 $1,200 $1,331 $2,042 $4,894 $13,353 26.8%

LSU A&M $11,318 $14,780 $1,298 $2,906 $2,520 $7,463 $25,359 22.7%

LSU Eunice $4,258 $9,072 $1,200 $1,916 $2,002 $2,710 $15,738 14.7%

LSU Shreveport $7,167 $9,073 $1,220 $1,916 $2,003 $5,372 $16,007 25.1%

LSU HSC NO -Allied Health $9,032 $17,829 $3,233 $1,916 $2,042 $7,673 $26,379 22.5%

LSU HSC NO - Dental Hygiene $6,830 $17,829 $1,300 $1,916 $2,042 $5,517 $24,400 18.4%

LSU HSC NO - Dental Lab Tech $6,291 $17,829 $1,300 $1,916 $2,042 $4,987 $24,391 17.0%

LSU HSC NO - Nursing $6,923 $17,829 $1,300 $1,916 $2,042 $5,612 $24,398 18.7%LSU HSC Shr - Allied Health $8,356 $15,847 $1,300 $1,916 $2,042 $7,183 $22,278 24.4%

Baton Rouge Comm. College $4,221 $9,254 $1,300 $1,916 $2,042 $3,086 $15,647 16.5%

Bossier Parish Comm. College $4,283 $9,254 $1,300 $1,916 $2,042 $3,214 $15,581 17.1%

Delgado Comm. College $4,129 $9,254 $1,300 $1,916 $2,042 $3,214 $15,427 17.2%

Louisiana Delta Comm. College $4,159 $9,254 $1,300 $1,916 $2,042 $3,214 $15,457 17.2%

L.E. Fletcher Tech. Comm. College $4,089 $9,254 $1,300 $1,916 $2,042 $3,214 $15,387 17.3%

Elaine P Nunez Comm. College $4,175 $9,254 $1,300 $1,916 $2,042 $3,214 $15,473 17.2%

River Parishes Comm. College $4,079 $9,254 $1,300 $1,916 $2,042 $3,214 $15,377 17.3%

South Louisiana Comm. College $4,205 $9,254 $1,300 $1,916 $2,042 $3,214 $15,503 17.2%

SOWELA Tech. Comm. College $4,185 $9,254 $1,300 $1,916 $2,042 $3,214 $15,483 17.2%

Northshore Tech. Comm. College $4,103 $9,254 $1,300 $1,916 $2,042 $3,214 $15,401 17.3%

Central Louisiana Tech. Comm. Coll. $4,084 $9,254 $1,300 $1,916 $2,042 $3,214 $15,382 17.3%

Northwest Louisiana Tech. College $2,976 $9,254 $1,300 $1,916 $2,042 $2,081 $15,407 11.9%

South Central LA Tech. College $2,976 $9,254 $1,300 $1,916 $2,042 $2,081 $15,407 11.9%


***TOTAL COST OF ATTENDANCE includes 1) Tuition and Fees, 2) Room and Board, 3) Books and Supplies, 4) Transportation, and 5) Miscellaneous/Personal Expenses.

*CONVERTED TO A SEMESTER BASIS. UNDERGRADUATE FT = 8 AND GRADUATE = 6. (USED 12 HRS IN LIEU OF 15 FOR UG AND 10 HOURS IN LIEU OF 12 FOR GRADUATE)


**Information based on 2017-18 Cost of Attendance Budgets for Title IV Programs prepared by LASFAA (Louisiana Association of Student Financial Aid Administrators)

ANNUAL RESIDENT


ROOM &

BOARD

BOOKS &

SUPPLIES TRANSPORTATION

MISCELLANEOUS

/PERSONAL EXPENSES

**Information based on 2017-18 Cost of Attendance Budgets for each school (found on school websites)

ANNUAL TOPS

OPPORTUNITY AWARD

ADDITIONAL COSTS

AFTER TOPS AWARD

$20,578

$20,648

$20,633

PERCENTAGE

COVERED BY TOPS

***TOTAL COST

OF ATTENDANCE

$21,357

$21,529

$20,720

$22,348

$23,855

$22,696

$24,295

$20,667

$23,657

$18,247

$32,822

$18,448

$21,379

$34,052

$29,917

$29,378

$30,010

$29,461

$18,733

$18,795

$18,641

$18,671

$18,601

$18,596

$17,488

$17,488

$18,687

$18,591

$18,717

$18,697

$18,615




Current Board of Regents GO Grant Policy:

• Institutions are expected to make a good faith effort to distribute their Go Grant allocations in a manner that reaches students with the most financial need to bring their maximum financial need met with gift aid to 60% (zero GO Grant award if it would bring gift aid to over 60% of financial need.)

• Eligibility: • Must be Louisiana Resident • Must receive a Federal PELL Grant

• GO Grant Awards – Allowable Amounts:

• Minimum Annual Award $300 • Maximum Annual Award $3,000 • Campuses allowed to set award amounts

within these allowable ranges

Possible Federal Loan Information Student Loan Limits: • 0-29 credit hours (freshman) = $5,500 annually Types of Federal Student Loans: • Subsidized – based on financial need ($3,500

annually) • Unsubsidized – not based on financial need

($2,000 annually)

Types of Federal Parent Loans: • Parent PLUS – based on parent’s credit rating (can

borrow up to COA minus EFC). • If Parent is denied PLUS loan – student is

eligible for an additional $4,000 annually in unsubsidized loans.

IF FUNDS ARE STILL NEEDED AFTER FEDERAL LOANS, some students may look to Private loans which are generally more expensive than Federal student loans.

How Much Can GO Grant Cover? How Much Can Loans Cover?

10



11

Louisiana Go Grant

*LSU-E responded "unknown" to questions regarding student number and estimated dollars needed ** Average Award Range: Each Institution sets its own award minimum (no less than $300) and maximum (no more than $3,000) within their packaging Source: 2016-17 Actuals data from LOSFA Award System 9-19-17; 2016-17 Packaging Policy and Maximum Award data from February 2017 Survey of Institutions

2016-17 Actuals Allocation

Number of

Students Awarded Average Award

LSU SYSTEM $3,679,934 2,974 $1,238.04

SU SYSTEM $1,725,369 2,038 $848.05

UL SYSTEM $14,004,127 10,471 $1,338.01

LCTC SYSTEM $4,673,855 7,974 $586.53

LAICU $2,345,823 1,619 $1,429.09

TOTALS $26,429,108 25,076 $1,053.25

Estimated Amount to

Fund Packaging Policy Funds Needed

Number of

Students Eligible **Average Award Range

*LSU SYSTEM $7,065,405 6,953 $1,500-$3,000

SU SYSTEM $4,569,500 5,668 $1,000-$1,500

UL SYSTEM $28,642,613 20,058 $1,200-$3,000

LCTC SYSTEM $19,159,605 19,651 $300-$2,000

LAICU $3,035,548 2,485 $1,000-$3,000

TOTALS $62,472,671 54,815 $300-$3,000

Difference from Actuals $36,043,563 29,739

Estimated Amount to

Fund Maximum Award Funds Needed

Number of

Students Eligible Average Award

*LSU SYSTEM $20,859,000 6,953 $3,000.00

SU SYSTEM $17,004,000 5,668 $3,000.00

UL SYSTEM $60,174,000 20,058 $3,000.00

LCTC SYSTEM $58,953,000 19,651 $3,000.00

LAICU $7,455,000 2,485 $3,000.00

TOTALS $164,445,000 54,815 $3,000.00

Difference from Actuals $138,015,892 29,739



EXAMINING COA and COST GAP SCENARIOS

12



Assumptions for COA Scenarios

Updated 10-24-17

Minimum Pell with TOPS:

• Parents Married

• Parents’ Ages- 40 and 38

• Family Size = 4

• Number in College = 1

• Parents’ AGI = $63,647

• Parents’ Assets = $35,084

• Student Income = $2,000

• Student Assets = $2,485

• Calculated EFC = $5,328 (highest EFC to receive any Pell)

Maximum Pell with TOPS:

• Parents Married


• Family Size = 4






• Calculated EFC = $0

NO Pell - ONLY TOPS:

Example 1:

• Parents Married


• Family Size = 4






• Calculated EFC = $5,329 (lowest EFC not eligible for any Pell)

Example 2:

• Parents Divorced

• Mother’s Age- 40

• Family Size = 3


• Mother’s AGI = $58,409

• Mother’s Assets = $33,277



• Calculated EFC = $5,329 (lowest EFC not eligible for any Pell)

All COA Scenarios assume student is a first year student (0-29 credit hours – freshman).

13



2017-18 Cost of Attendance Annual (Fall & Spring)

LSU-BR – Living On Campus • Full Time Tuition & Fees $ 11,318.00

• Books/Supplies 1,304.00

• Room/Board 14,780.00

• Transportation 2,906.00

• Personal 2,514.00

• TOTAL COA $ 32,822.00

*Example reflects Highest Cost school within the System.

LSU SYSTEM EXAMPLE*

NO Pell – ONLY TOPS @ LSU-BR, on campus, 2017-18

COA $32,822

-EFC $5,329

=Financial Need $27,493

60% of Need ($27,493) =$16,496

-Federal/State Gift Aid =$ 7,463 (TOPS)

Go Grant Eligibility =$ 0

Annual Go Grant Award - $0 (Must be PELL Recipient to receive GO)

Total Gift Aid: $ 7,463 (TOPS - $7,463)

Possible Federal Loan Eligibility - $5,500

Cost Gap - $19,859 after Federal/State Aid and Possible Fed Loans

Maximum Pell with TOPS @ LSU-BR, on campus, 2017-18

COA $32,822

-EFC $0


60% of Need ($32,822) =$19,693*

-Federal/State Gift Aid =$21,415 (Pell, Pelican Promise, TOPS)

Go Grant Eligibility =$ 0* ($1,722 above 60% threshold)

Annual Go Grant Award - $0

Total Gift Aid: $21,415 (Pell - $5,920; TOPS - $7,463; Pelican

Promise - $8,032)



2016-17 LSU System Average GO Award = $1,186.29

Updated 10-24-17

Minimum Pell with TOPS @ LSU-BR, on campus, 2017-18

COA $32,822

-EFC $5,328


60% of Need ($27,494) =$16,496

-Federal/State Gift Aid =$16,101 (Pell, Pelican Promise, TOPS)



Total Gift Aid: $16,496 (Pell - $606; TOPS - $7,463; Pelican

Promise - $8,032; Go Grant - $395)



14




UL - Lafayette – Living On Campus • Full Time Tuition & Fees $ 9,876.00





• TOTAL COA $24,295.00

UL SYSTEM EXAMPLE* Maximum Pell with TOPS @ ULL on campus, 2017-18

COA $24,295

-EFC $0


60% of Need ($24,295) =$14,577

-Federal/State Gift Aid =$11,327 (Pell, TOPS)

Go Grant Eligibility =$ 3,250

Annual Go Grant Award - - $3,000 (ULL set maximum)

Total Gift Aid: $14,327 (Pell - $5,920; TOPS - $5,407; Go Grant -

$3,000)



No Pell - ONLY TOPS @ ULL on campus, 2017-18

COA $24,295

-EFC $ 5,329


60% of Need ($18,966) =$11,380



Annual Go Grant Award - $0 (Must be PELL Recipient to receive

GO)

Total Gift Aid: $5,407 (TOPS - $5,407)



2016-17 UL System Average GO Award = $1,275.39

Updated 10-24-17


Minimum Pell with TOPS @ ULL on campus, 2017-18

COA $24,295

-EFC $ 5,328


60% of Need ($18,967) =$11,380

-Federal/State Gift Aid =$ 6,013 (Pell, TOPS)


Annual Go Grant Award - $3,000 (ULL set maximum)

Total Gift Aid: $9,013 (Pell - $606; TOPS - $5,407; Go Grant -

$3,000)



15




SUBR – Living On Campus • Full Time Tuition & Fees $ 8,666.00





• TOTAL COA $21,357.00

SU SYSTEM EXAMPLE* Maximum Pell without TOPS @ SU-BR, on campus, 2017-18

COA $ 21,357

-EFC $ 0

=Financial Need $ 21,357

60% of Need ($21,357) =$12,814



Annual Go Grant Award - $1,000 (SUBR set maximum)

Total Gift Aid: $11,893 (Pell - $5,920; TOPS - $4,973; Go Grant -

$1,000)



No Pell - ONLY TOPS @ SU-BR, on campus, 2017-18

COA $ 21,357

-EFC $ 5,329


60% of Need ($16,028) =$ 9,617



Annual Go Grant Award - $0 (Must be PELL Recipient to receive

GO)




2016-17 SU System Average GO Award = $739.54

Updated 10-24-17


Minimum Pell with TOPS @ SU-BR on campus, 2017-18

COA $ 21,357

-EFC $ 5,328


60% of Need ($16,029) =$ 9,617



Annual Go Grant Award - $1,000 (SUBR set maximum)

Total Gift Aid: $6,579 (Pell - $606; TOPS - $4,793; Go Grant -

$1,000)



16




BPCC– Living At Home • Full Time Tuition & Fees $ 4,283.00





• TOTAL COA $12,833.00

LCTC SYSTEM EXAMPLE* Maximum Pell with TOPS @ BPCC at home, 2017-18

COA $12,833

-EFC $0


60% of Need ($12,833) =$7,770*




Total Gift Aid: $9,134 (Pell - $5,920; TOPS – $3,214)


Cost Gap - $0 after Federal/State Aid and Possible Fed Loans

No Pell - ONLY TOPS @ BPCC at home, 2017-18

COA $12,833

-EFC $ 5,329


60% of Need ($7,504) =$4,502

-Federal/State Gift Aid =$3,214 (TOPS)

Go Grant Eligibility =$0





2016-17 LCTC System Average GO Award = $531.24

Updated 10-24-17


Minimum Pell with TOPS @ BPCC at home, 2017-18

COA $ 12,833

-EFC $ 5,328


60% of Need ($7,505) =$ 4,503



Annual Go Grant Award - $1,000 (BPCC set maximum)

Total Gift Aid: $4,503 (Pell - $606; TOPS - $3,214; Go Grant - $683)



17



Athletic Award EXAMPLE

Updated 10-24-17

PELL Grant:

Minimum Award = $606

Maximum Award = $5,920

Pell is considered an entitlement and cannot be reduced.

LSU – BR TOPS Award = $7,463

Full Ride Athletic Scholarship at LSU – BR = $27,402

Tuition & Fees, Room & Board, Books & Supplies

Head Count Sport Athlete with TOPS @ LSU-BR, 2017-18

COA $32,822

-EFC $ 5,329


60% of Need ($27,493) =$16,496

-Federal/State Gift Aid =$32,822 (TOPS, Athletic)



Total Gift Aid: $32,822 (*TOPS - $ 5,420; Full Ride Athletic Scholarship

- $27,402)

*TOPS award would be reduced in order to avoid an overaward.

Equivalency Sport Athlete with Pell & TOPS @ LSU-BR, 2017-18

COA $32,822

-EFC $0


60% of Need ($32,822) =$19,693

-Federal/State Gift Aid =$23,838 (Pell, TOPS, Athletic)



Total Gift Aid: $23,383 (Pell - $5,920; TOPS - $7,463; Athletic

Scholarship - $10,000)


Cost Gap - $3,939 after Federal/State/Athletic Aid and Possible Fed Loans

Equivalency Sport Athlete with TOPS @ LSU-BR, 2017-18

COA $32,822

-EFC $ 5,329


60% of Need ($27,493) =$16,496

-Federal/State Gift Aid =$17,463 (TOPS, Athletic)



Total Gift Aid: $17,463 (TOPS - $7,463; Athletic Scholarship - $10,000)


Cost Gap - $9,859 after Federal/State/Athletic Aid and Possible Fed Loans

Head Count Sports- Football, M/W Basketball, W Tennis, W

Volleyball & W Gymnastics

Equivalency Sports – Baseball, Swimming, Track, Golf, Bowling,

Softball, etc.

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