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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?


LOSFA Completers Grant

(Fall 2021, Spring 2022 & Summer 2022 STEM Graduating Students)

 

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 high demand fields such as healthcare and Science, Technology, Engineering, Math (STEM) and Education 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

The Completers Grant will provide scholarships to students who are within 30 credit hours of completing a degree at a two- or four-year campus or completing on-ramp credential and/or credential of value programs as identified by Louisiana Workforce Commission data, along with two-year institutions and private sector partners input. The intent of this program is to provide no more than two consecutive semesters of funding. 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 available through September 30, 2023.

III.        Applicability

Under the framework, institutions will have the ability to structure the award to best fit the needs of their students. Funds will be available for on-ramp credential and credential of value programs in STEM or a healthcare field and then any degree program at two and four-year institutions beginning fall 2021. Beginning December 9, 2021, Education majors can be considered a priority major. Each academic year, priority shall be given to those students who are within 30 hours of completing their degree in a STEM or health care field or who will be completing an onramp credential or credential of value as identified by the Louisiana Workforce Commission as follows:

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

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

IV.        Definitions

Priority is given to STEM, healthcare and Education students who are nearing completion of their degree may be eligible to receive a Completers Grant from the Louisiana Office of Student Financial Assistance. If you are in one of those programs and have 30 or fewer hours left in your degree, you could get some extra financial help. The priority will go towards students who have exhausted financial aid from other sources. Some students may be no longer eligible to receive financial aid for whatever reason but are making academic progress. This grant will help those students pay their tuition and fees and move them towards graduation. Students can receive money up to their tuition and fees that appear on their fee bill. Money for the grant comes from the federal government and was set aside for higher education support by Governor John Bel Edwards. To be eligible you must complete a FAFSA application and meet the Satisfactory Academic Progress benchmarks for the degree program.

V. Packaging Policy & Procedures                                                                                                                

Institutional Allocations

 Allocation of funds to eligible participating two- and four-year public institutions have been determined by a formula developed by the Board of Regents based on the number of students projected to complete degrees at the institution. System offices have the authority to allocate funds to institutions within its system. System offices must provide both the Board of Regents and LOSFA with the allocation of funds to each institution within its system. 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 short-term credential and any baccalaureate or associate degree program, as well as amounts for students who enroll on a less than full time basis with priority given to students in their final semester majoring in health care and STEM programs. Awards shall be limited to tuition, fees, and books (if books are applied to the bill), 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.

Award Calculations

Institutions should allocate funds with the primary goal of helping students complete the credential/degree as soon as possible. Institutions are expected to make a good faith effort to distribute Completers Grant allocations in a manner that reaches students with the most financial need, and who are closest to completion, within 30 credit hours of finishing a degree at a two- or four-year institutions or have enrolled in on-ramp credential and credential of value programs. 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 of attendance. The Completers Grant shall be applied to those costs evidenced on the student’s fee bill, which shall include only tuition, fees, and books; other sources of student aid may be applied to other costs of attendance. It is not the intent of Completers Grant funds to provide refunds to students.

Packaging Policy:

Packaging Procedures

Note: If a student is in a payment plan, the award can only apply to any remaining balance for that specified term.

Note: A student can have the grant for up to 2 consecutive terms as stated in the eligibility framework.

Note: The awards will apply to the bill and never disburse as a refund to the student.

VI.        Enforcement

If a student does not meet the above criteria after being awarded the Completers Grant, any subsequent terms will be cancelled and the account will be reviewed for future eligibility.

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

10/4/2021

X.         Adoption

This policy is hereby adopted on this _4_ day of __October__, 2021_.

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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