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Office of Financial Aid

Information About Grants

What is a Pell Grant?

A Federal Pell Grant is a form of federal financial aid that does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Students that are eligible for a Pell Grant can also receive other forms of federal student aid. The FAFSA, which is one of the requirements needed to become eligible for a Pell Grant, is also the application necessary for federal student loans.

Am I eligible for the Pell grant?

NOTE: The amount of time in which a student can receive Pell grant has been reduced from 18 semesters to 12 semesters. This change in duration is not limited to students who received their first Federal Pell Grant on or after the 2008-2009 award year, as the HEA previously provided when the duration of eligibility was 18 semester. The federal government will calculate the equivalency by adding together each of the annual percentages of a student's scheduled award that was actually disbursed to the student.

 


What is the FSEOG Grant?

FSEOG is an undergraduate award to students with exceptional financial need. Federal Pell Grant recipients receive priority for these awards. The FSEOG awards can range from $100 to $4,000 a year but each school can establish its own guidelines within these ranges. 

Am I eligible for the FSEOG Grant?


What is the Louisiana Go Grant?

The purpose of this program is to provide a need-based component to the state's financial aid plan to support nontraditional and low to moderate-income students who need additional aid to afford the cost of attending college.

Am I eligible for the Go Grant?

Award Amounts **

Award amounts to eligible students are based on the institution's allocation and their packaging policy.  Awards may vary with each academic year.  Awards will not be paid for summer sessions,quarters, or terms.

 

Renewal Requirements

 

*Residency: Louisiana resident as of the day the FAFSA is filed and Louisiana is the student's true and fixed domicile as reported on the FAFSA. If student's state of residence on the FAFSA is not reported as LA, but a dependent student claims that a non-custodial parent is a Louisiana resident, or that parents are Louisiana residents living out of state, LOSFA will determine residency based on the completion, by the parents, of a residency affidavit

**Students should check with the financial aid office at the school they plan to attend regarding policy on award calculation and distribution.


 

What is Institutional Need Based Grant?


2022-2023 LOSFA Completers Grant Policy and Procedures

 

 

I.          Policy Statement                                           

The Board of Regents has approved for a limited time, a new financial aid framework, the Completers Grant, which is designed to incentivize near-completers in all majors especially to those in high demand fields such as teacher education, healthcare and Science, Technology, Engineering, and Math (STEM) at Louisiana’s public two- and four-year institutions to earn their undergraduate degrees and to incentivize enrollment in and completion of short-term credential programs at two-year institutions.

II.         Purpose of Policy

All degree programs are eligible for funding assistance. The Completers Grant will provide grants to students who have completed at least 90 credit hours toward their declared bachelor’s degree, have completed at least 30 credit hours toward their declared associate degree, or who are completing an on-ramp credential and/or credential of value programs as identified by Louisiana Workforce Commission. The Louisiana Office of Student Financial Assistance (LOSFA) will administer this grant program which is being funded using one-time Governor’s Emergency Education Relief (GEER) Fund dollars which are only available for Fall 2022, Spring 2023 and Summer 2023 terms.

III.        Applicability

To be eligible for the Completers Grant, a student must:

 

The ULM Office of Financial Aid will have an application process to determine eligibility. The link will be provided via email. 

Billing for a grant constitutes certification that the student meets one of the priorities set forth herein and has met the institution’s Satisfactory Academic Progress policy requirements. Postsecondary institutions should award the grant as part of the institution’s packaging process. Bills shall submitted to LOSFA on or after the 15th class day.

 

IV. Packaging Policy and Procedures                                                                                                                

Institutional Allocations

A formula developed by the Board of Regents based on the number of students projected to complete degrees and/or non-credit programs at two- and four-year institutions was used to allocate funds to each System. Systems with two-year institutions have the authority to allocate funds between credit and non-credit programs. Systems with four-year institutions may only allocate funds to credit programs. Upon distribution, System offices must provide both the Board of Regents and LOSFA with the specific allocation of funds by institution. If an allocation to an individual institution changes, system offices must notify the Board of Regents and LOSFA in advance of the reallocation.

Award Amounts

Postsecondary institutions shall determine the minimum and maximum award amounts for enrollment in on ramp and/or short-term credential, associate, or baccalaureate degree programs, as well as amounts for students who enroll on a less than full time basis. Awards shall be limited to any charges on a student’s fee bill including, but not limited to tuition, fees, and instructional materials as set forth on the student’s fee bill. Institutions shall not award the maximum amount set for the program of study if that amount would exceed the student’s cost of attendance as defined in the Higher Education Act of 1965, as amended. The suggested minimum award amount should not be less than $100.

Award Calculations

Institutions should allocate funds with the primary goal of helping students complete the credential/degree as soon as possible. A student’s eligibility for federal subsidized and unsubsidized loans is not to be considered a resource. The Completers Grant may be provided in addition to any other state or federal aid awarded to the student, provided that the award cannot cause the student’s aid to exceed the cost outlined on the student’s fee bill. Institutions may award the Completers Grant to cover the charges paid by cash, credit or debit cards effective with this revised framework for the academic year 2022-2023. A book allowance can be allocated to students as long as the school documents such costs and maintains the information for audit purposes. Book costs should not exceed the amounts indicated in the LASFAA budget.

Our institutional minimum award amount for each term is $100 and the maximum award amount will be $4800 for the 2022-2023 academic year.

 

Packaging Policy:

 

               May not exceed the amount as indicated on the recipient’s fee bill.

 

Schools may prioritize student eligibility using the hierarchy outlined below:

 

NOTE: Eligibility criteria MAY NOT:

 

Packaging Procedures

 

VII.       Policy Management

The Director of Financial aid along with the support staff are responsible for implementing and administering the rules within this policy.

VIII.      Exclusions

Any exclusions in this policy will be according to and in compliance with the guidance provided by LOSFA and the Department of Education.

IX.        Effective Date

7/20/2022

X.         Adoption

This policy is hereby adopted on this _20_ day of __July__, 2022_.

XI.        Appendices, References and Related Materials

https://mylosfa.la.gov/students-parents/scholarships-grants/completers-grant/

Application Link: (only apply after you have read the above qualification requirements)

 

   

 

 


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