Presentation on theme: "Louisianas First Choice for College Access State Update 10/29/10."— Presentation transcript:
Louisianas First Choice for College Access State Update 10/29/10
State Update LOSFA Advisory Committee We want to welcome: Ms. Taina Savoit, McNeese State University Ms. Vicki Temple, Bossier Parish Community College Mr. K. Michaal Francois, Southern University at Shreveport www.osfa.la.gov
State Update Thank you for your service: Mrs. Calaundra Clark, Baton Rouge Community College Ms. Kathy Woods, Southern University – New Orleans Mr. Roger Vick, Louisiana Tech University Patrick Gorman, LSU Health Science Center* www.osfa.la.gov Advisory Committee
State Update TOPS Tuition Program State General Fund$119,604,39353% Tobacco Settlement $15,007,886 7% Total TOPS Tuition Program $134,612,27960% Go Grant Program $26,429,10812% Early Start Program $5,500,000 2% START Saving Program (EE) $1,700,000 1% LEAP State Match $1,024,687 0% Rockefeller Scholarship Program $60,000 0% Interagency Transfers: BOR HCELF Program $160,000 0% Chafee Grant Program $480,000 0% $169,966,074 76% Operations $3,898,469 2% Total State Funding$173,864,543 78% www.osfa.la.gov LOSFA Budget SFY 2011
State Update Fall Semester 2010 Community Colleges$713,100 Private Colleges/Universities $300 Public Colleges/Universities $1,276,400 Technical Colleges $1,081,600 $3,071,400 Fall Quarter 2010 Louisiana Tech $179,100 Total $3,250,500 $2,249,500 Early Start Funds Remaining. November 15 th deadline for collection of corrected data. Payments will process. www.osfa.la.gov Early Start
State Update Fall Semester 2010 Community Colleges$302,962.50 Private Colleges/Universities$666,896.50 Public Colleges/Universities $4,724,213.50 Technical Colleges $46,350.50 $5,740,422.50 Fall Quarter 2010 Louisiana Tech $317,025.00 Total $6,057,447.50 $128,554,831 Go Grant Funds Remaining. www.osfa.la.gov Go Grant
State Update Fall Semester 2010 Community Colleges$1,237,026.45 Private Colleges/Universities$2,485,610.00 Public Colleges/Universities $58,651,134.51 Technical Colleges $60,640.00 Fall Quarter 2010 Louisiana Tech $3,820,231.54 Total $66,254,642.50 $67.7 M remains in TOPS appropriation as f October 26, 2010 billing www.osfa.la.gov TOPS
State Update May 4, 2010: The Rockefeller State Wildlife Scholarship was changed from a loan forgiveness program to a pure scholarship program beginning with awards made during the 2010-11 academic year. Limit awards to undergraduates who have earned at least 60 hours of college credit; Allow students who received Rockefeller awards during the 2009-2010 academic year with less than 60 credit hours to receive the award for the 2010-2011 academic year; Increase the award amount for undergraduates to $2,000/year and graduate students to $3,000/year; Increase the cumulative maximum award to $12,000 for three years of undergraduate study and two years of graduate study; Allow disbursement of unexpended academic year funds to recipients who enroll full time during the summer Maintain Repayment requirement for funds received by students prior to 2010-2011 academic year for students who dont graduate in one of the specified majors www.osfa.la.gov Rockefeller Changes
State Update September 15, 2010: The TOPS application deadline was modified. Effective with the 2010 high school graduating class, students who file their TOPS application on or before July 1 following the one year anniversary of high school graduation will receive their TOPS award beginning with their first term at an eligible Louisiana Institution. The TOPS payment will not be made until the application is received, the student has been determined eligible, has enrolled in an eligible institution and the institution has billed LOSFA. Beginning with the 2010-2011 academic year, the National Guard stipend to be awarded for books and instructional materials increased from $150 per semester to $300 per semester. The National Guard stipends for increased from $200 to $400 per semester for the TOPS Performance Award and from $400 to $800 per semester for the Honors Award. Beginning with the 2010-2011 academic year, students awarded the TOPS Opportunity, Performance and Honors awards may use them to attend approved proprietary and cosmetology schools. www.osfa.la.gov TOPS Changes
State Update Change in award methodology beginning with 2010-2011 AY: No separate calculation to determine a students ECG is necessary New method uses the students cost of attendance and the students actual Pell award amount (not full time Pell amount) New method allots the same award amount for each student based on enrollment status (award amount is no longer based on students ECG amount) New method still asserts that the Go Grant award may cause the student to exceed federal financial need or COA so there may still be a need for schools to reduce the Go Grant award in which case the overaward billing indicator would be coded as Y (yes) $900 – Full Time Enrollment $450 – Half Time Enrollment $225 – Part time Enrollment www.osfa.la.gov Go Grant Changes
State Update The Louisiana Office of Student Financial Assistance will close Friday, October 29th, through Tuesday, November 2nd, as the agency moves from its Wooddale location to its new location downtown at the Galvez Building, 602 North Fifth Street, Baton Rouge, LA 70802. During this time all server operations are also being moved, so the LOSFA websites www.osfa.la.gov and www.startsaving.la.gov will be down as well. However, www.facebook.com/losfa will still be available during this time so you can check that website for updates. LOSFA and its websites will re-open Wednesday, November 3rd. TOPS Renewal, John Bell – (225)219-7674 Tops Initial Eligibility, Susan Bohall - (225)219-7842 Special Programs, Bonnie Lavergne – (225)219-7714 www.osfa.la.gov Other Changes
State Update The LOSFA Section formerly known as School and lender Services is now called Financial Literacy and Development. Sigmund Morel – (225) 219 – 7558 Jennifer Guhman – (225) 219 - 7566 www.osfa.la.gov Other Changes cont.
State Update Chafee Educational Training Voucher (ETV) Program The Chafee Educational and Training Voucher (ETV) Program 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 and skill training in college to be prepared to enter the workforce. The actual award amount is determined by the students financial need, which is calculated in accordance with the Higher Education Act of 1965, as amended. John R. Justice Student Loan Repayment Program The John R. Justice Student Loan Repayment Program in Louisiana provides for the payment of eligible educational loans (both Federal Family Education Loan Program [FFELP] and Federal Direct Loans) for state and federal public defenders and state prosecutors employed in Louisiana who agree to remain employed as public defenders and prosecutors for at least three years. www.osfa.la.gov New Programs
State Update Budget Cuts Louisiana Awards System Was Deployed during the week of August 30 th. Although the system has shown many positive attributes we hadnt anticipated that it wouldnt be running normal today. Our IT Division is working diligently with our contractors to address issues with the system. www.osfa.la.gov Challenges
State Update Over ½ Million Served! www.osfa.la.gov Outreach
State Update Thank you to: All Site Coordinators and Volunteers who made the 2010 event a success www.osfa.la.gov College Goal Sunday
State Update We Collected 348 Student/Family Surveys during the 2010 Event. Key Findings: 43% of CGS participants in Louisiana learned about the program through their high school; 15% reported learning about it through their college, and 14% reported learning about it through the media. Of those who learned about the CGS program through their high school, half (51%) reported learning about it from a teacher or a guidance counselor. In colleges, admissions and financial aid counselors had the greatest reach, reaching 51% of those participants. Overall, 77% of participants belonged to the target audience. Additionally, 57% of participants were female, while 43% were male. www.osfa.la.gov College Goal Sunday
State Update CGS in Louisiana did well in attracting Black and low income students, and participants whose parents attended college but did not have a degree. However, the program had some difficulty in attracting Hispanic students, and has significant scope for improvement in attracting students whose parents did not graduate high school. Four sites (Baton Rouge Community College, Dillard University, St. James High School, and Southern University) had turn-outs of at least 10 students, of whom at least 80% belonged to the target audience. Noteworthy are St. James High School, where all 14 participants were from the target audience, and Dillard University, where 97% of the 36 participants were from the target audience. www.osfa.la.gov College Goal Sunday cont.
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