Louisiana Tech University Division of Student Financial Aid

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

2. LOUISIANA TECH UNIVERSITYFINANCIAL AID AWARDS 2005-2006 $59,178,937

3. Financial Aid at Tech2005-2006 • Over 8,700 students received some form of aid • $57 million in aid awarded • Average aid $6556

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

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

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

7. Current SMART Curriculumat Louisiana Tech University • Animal Science • Biology • Biomedical Engineering • Chemical Engineering • Chemistry • Civil Engineering • Construction Engineering Technology • Computer Science

8. Current SMART Curriculumat Louisiana Tech University • Electrical Engineering • Electrical Engineering Technology • Industrial Engineering • Mathematics • Mechanical Engineering • Nanosystems Engineering • Physics

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

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

11. Satisfactory Academic Progress • 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. • Reviewed annually except for maximum hours which is reviewed each quarter.

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

13. Tech SAP Standards • 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 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 ProgressAppeals • Complete appeal form • Attach an unofficial transcript • 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.

17. Satisfactory Academic Progress Reinstatement • Complete on-line Reinstatement request form. • Submit form. • Student must have: • Earned 67% of courses in which enrolled while not eligible for fed aid and • Successfully completed 8 credit hours and • 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. • 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.

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

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

21. TOPS Requirements • Students receiving TOPS: • 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. • 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 9th class day to receive TOPS funds for the quarter.

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

23. Length of TOPS Eligibility • 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 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. • E-mail Techaid@ltfa.latech.edu • Students may call on 2641.