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& Fees
Financial Aid | Curriculum | Contact
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Financial
Aid
Financial aid, including
grants, loans, scholarships,
and part-time employment
is handled through
the Office of Student
Financial Aid. Students
interested in receiving
financial aid should
contact this Office
well in advance of
their expected enrollment.
Each student's need
for aid will be evaluated
on information supplied
and in accordance
with Financial Aid
Policy of the Health
Sciences Center.
Representatives of
the Office are available
for consultation
with all candidates
for admission and
students.
Although the primary
responsibility for
financing an education
rests with the student
and the student's
immediate family,
it is recognized
that many students
require additional
assistance in order
to meet their educational
costs.
Awards from aid programs
funded by the Federal
or State government
are administered
according to laws
and guidelines governing
those programs. Priority
is given to students
with the greatest
documented need whose
completed applications
are received by the
appropriate deadline.
Deadlines
Fall Enrollment
Priority date is
April 15th, and final
date is 60 days before
the end of the academic
year.
Spring Enrollment
Priority date is
November 15th, and
final date is 60
days before the end
of the academic year.
Summer Enrollment
Priority date is
April 15th, and final
date is 60 days before
the end of the academic
year.
General
Eligibility
To be eligible for
federal aid, a student
must: be accepted
for enrollment and
be in good standing,
making satisfactory
progress; be a citizen
or eligible non-citizen;
meet federal requirements
regarding selective
service registration
and prior drug convictions;
not be in default
or beyond applicable
aggregate limits
on any federal student
loan; and, not owe
a refund on any federal
grant (i.e., Pell
Grant, Supplemental
Educational Opportunity
Grant or LEAP).
Satisfactory
Academic Progress
Each school of the
Health Sciences Center
has established and
administers policies
on the satisfactory
academic progress
of its students.
These policies include
a delineation of
the minimum grades
which must be achieved
to meet the criteria
for satisfactory
academic progress,
a full description
of the application
of these policies
in regard to the
various categories
of students, a specific
definition of the
effects of course
incompletes, withdrawals,
and repetitions on
satisfactory academic
progress, and an
explanation of the
appeals process for
those students who
have been determined
as not making satisfactory
progress. For a full
description of each
school's policies
consult the appropriate
section of this catalog.
The Health Sciences
Center requires that
all work towards
a bachelors, graduate,
or professional degree
be completed in not
more than eight calendar
years and that all
work toward a certificate
or an associate degree
be completed in not
more than five calendar
years. Any requests
for extension of
this policy are subject
to approval by the
appropriate committee
within each school
and the dean of that
school.
The Application Process
All persons desiring
aid must submit an
application. Some
types of aid, including
all federal programs,
require a resource
analysis; applicants
must file a Free
Application for Federal
Student Aid (FAFSA)
and make the results
available to the
LSUHSC Financial
Aid Office. All application
materials are available
from the Financial
Aid Office and a
counselor is available
to discuss programs
and advise on application
and awarding procedures.
Types
of Financial Assistance
An applicant will
be considered for
all the following
types of financial
aid with a single
application (except
some programs require
their own applications
in addition to the
general application).
Scholarships
and Grants
The Federal Pell Grant
is designed to assist
students in pursuing
their first undergraduate
degree. The purpose
of the program is
to provide eligible
students with a "foundation"
of financial aid
to help defray the
cost of post-secondary
education. Full awards
are based on a minimum
of 12 semester hours.
Students taking between
9-11 hours will be
awarded on a three-fourths
basis. Those taking
6-8 hours will be
awarded on a one-half
basis. Graduate students
and students enrolled
as undergraduates
but who already have
a baccalaureate degree
are not eligible.
Federal Supplemental
Educational Opportunity
Grant (SEOG) is for
students with exceptional
financial need. Priority
is given to Federal
Pell Grant recipients.
Leveraging Educational
Assistance Partnership
(LEAP) provides state
and federal grant
funding for needy
undergraduate students
who have not yet
received a baccalaureate
degree.
Tuition Opportunity
Program for Students
(TOPS) award recipients
identified by Louisiana
Office of Student
Financial Assistance
(LOSFA) as maintaining
TOPS eligibility
receive payment equal
to basic allowable
fees through the
TOPS program. Those
who qualify for TOPS
Performance and Honors
level awards also
receive an additional
$200 or $400, respectively,
per semester.
LSU Board of Supervisors
Scholarship applications
are available in
the Student Financial
Aid Office. Members
of the Louisiana
State University
Board of Supervisors,
and the LSU System
President, select
scholarship recipients.
Centennial Award:
Students who matriculate
from Louisiana State
University, Baton
Rouge, and hold the
award, will be continued
at the Health Sciences
Center as long as
they maintain their
eligibility as established
for the original
award (undergraduate
study only).
Decennial Award:
Students who matriculate
from the University
of New Orleans and
hold the award will
be continued at the
Health Sciences Center
as long as they maintain
their eligibility
as established for
the original award
(undergraduate study
only).
Honor Awards:
Each participating
school makes selection
as only one award
is made per class,
per year, in each
professional school.
The award is worth
$270 per academic
year.
Loans
The Office offers
assistance to students
through various long-term
loan programs. Repayment
of these loans is
deferred as long
as the borrower is
enrolled for at least
a half-time course
load of study. Qualifications
for the loan programs
are listed below.
Specific information
regarding loan terms
and repayment/deferment
options is available
in the Student Financial
Aid Office.
Federal Perkins
Loan: This loan
requires evidence
of financial need
for eligibility.
The interest rate
is five (5) per cent
and does not accrue
while the student
is enrolled on at
least a half-time
basis. There are
provisions for partial
cancellation for
designated public
service. Repayment
may be extended for
ten years, depending
upon the amount borrowed;
however, a minimum
monthly payment of
$40 is required.
Nursing Student
Loan: Nursing
Student Loans provide
funds for undergraduate
(BSN candidates)
and graduate students.
The interest rate
is five (5) percent
and does not accrue
while the student
is enrolled on at
least a half-time
basis. The major
criterion for this
program is demonstration
of financial need.
Repayment may be
extended for ten
years, depending
upon the amount borrowed;
however, a minimum
monthly payment of
$40 is required.
Health Professions
Student Loans (HPSL):
The Health Professions
Student Loan program
is for students in
dentistry. The interest
rate on these need-based
loans is five (5)
percent during the
repayment period.
Primary Care Loan
(PCL): New Orleans
Medical students
who demonstrate financial
need and make a commitment
to pursue primary
care training and
practice may have
access to these loans,
which are interest
free during the in-school
and primary care
residency periods
and feature a five
percent interest
rate during repayment
periods. Significant
interest penalties
are assessed on borrowers
who fail to meet
the primary care
training and practice
requirements stipulated
in the loan promissory
note.
NOTE: Students seeking
HPSL or PCL must
include parent data
on their FAFSA.
Federal Stafford
Loan Program:
These government
guaranteed loans
feature a subsidized
need based component
and an unsubsidized
non-need based component.
The government pays
interest on the subsidized
component during
qualifying in-school,
grace and deferment
periods. Interest
rate is variable
with an 8.25% cap.
Federal Parent Loan
for Undergraduate
Students (PLUS):
Parents of undergraduate
dependent students
can apply for PLUS
loans. These loans
are non-need based
and feature a variable
interest rate capped
at 9%. Repayment
generally begins
when the loan is
disbursed unless
the parent borrower
qualifies for deferment.
PLUS lenders are
required to perform
a credit check and
may deny the loan
based on adverse
parent credit history.
Employment
Federal
College Work-Study
Program (FWSP):
The FWSP provides
employment opportunities
for college students
who are in need of
earnings from part-time
employment in order
to pursue a course
of study. This program
enables students
to earn money during
the academic year
and/or Summer to
help defray expenses.
The Office is responsible
for determining the
eligibility of all
students who apply
for work under this
program. Job placement,
hours of work, and
rates of pay are
also handled by the
Office. Several FWSP
positions involve
community service
in health care delivery
and in reading tutoring
for primary school
children.
Other Aid Programs
The Health Sciences
Center does recognize
and administer other
programs over which
it has no authority
to determine qualifications
or amounts.
Scholarships offered
by persons or organizations
that determine the
recipient and amount,
but require the funds
to be handled through
the Health Sciences
Center, are welcome.
Any questions concerning
such a program in
which any applicant
is interested should
be discussed with
the counselor for
the appropriate school.
Veterans
Benefits:
The Veterans Administration
officer for the Health
Sciences Center is
the Registrar who
certifies enrollment
and academic load
of veterans. The
Veterans Administration
determines the amount.
Louisiana
Vocational Rehabilitation
Program: provides
fee payments and
other support to
eligible participants.
Information is available
through local state
vocational rehabilitation
offices.
Service Oriented Scholarships
and Loans, such as
the National Health
Service Corps and
Military scholarships,
and the Louisiana
Medical Student Tuition
Payment Program,
provide extensive
funding in exchange
for future service
or practice commitments.
Additional information
regarding these programs
is available in the
Student Financial
Aid Office.
Emergency Loans
Short-term loans for
use in emergency
situations relating
to education are
available through
the Office of Student
Affairs of each school
in the Health Sciences
Center. Processing
time for checks is
two working days
following loan approval.
Aid Disbursement
Loan or Grant checks
may be disbursed
to registered students
only.
(1) Registered students
may have their loan
amount credited to
their account if
the check is jointly
payable at three
(3) weeks before
the beginning of
classes. The balance
due the student or
checks made payable
to the student only
may not be disbursed
until 10 days prior
to the beginning
of classes. Second
(Spring) loan disbursements
for medical and dental
students are available
the latter of the
calendar midpoint
of the academic year
or the date the student
successfully completed
half of the course
work for the academic
year.
(2) Entering students
may pick up their
checks at registration.
All funds are disbursed
by the Health Sciences
Center Business Offices
in New Orleans and
Shreveport.
How To Apply
1. Submit an application
for admission.
2. Complete Free Application
for Federal Student
Aid (FAFSA), and
designate LSUHSC
as a data recipient.
3. If accepted for
admission, complete
the Fact Sheet and
send to the Office.
4. If selected for
verification, complete
and submit a verification
worksheet along with
relevant IRS forms.
5. Promptly submit
relevant loan application
forms and any documents
requested by the
Financial Aid Office.
6. After the applicant
has been formally
accepted for admission
and the financial
aid file is complete,
the Office will process
the application for
aid.
7. The applicant will
receive notification
of awards from the
Office.
Appeal Procedure
Students may appeal
decisions made concerning
their initial and
continuing eligibility
for financial assistance
through the following
appeal mechanism:
1. The Student Financial
Aid Counselor
2. The Director of
the Office
3. The Vice Chancellor
for Academic Affairs
(New Orleans), or
The Vice Chancellor
for Business Affairs
and Reimbursements
(Shreveport)
Information contained
above, under the
heading "TYPES
OF STUDENT FINANCIAL
AID AVAILABLE",
constitutes fulfillment
by The LSU System
of requirements of
the United States
Department of Education,
Student Consumer
Information Provisions,
P.L. 94-475.
Eligibility for Deferment
of Fees
Students wishing to
register and request
a deferment of fees
must meet the following
requirements:
1. Have applied for
financial aid with
a completed application
prior to the registration
date;
2. The funds have not
arrived;
3. Obtain statement
from financial aid
to the above (This
statement is available
on the registration
line.); or
4. Special circumstance
approved by the administration.
Return of Title IV
Funds
In cases of student
full withdrawal during
the first 60% of
the term, semester,
or billing period,
the U.S. Department
of Education requires
the return of a portion
of Title IV funds
(Federal Stafford
loans, Federal Perkins
loans, PLUS, Federal
Pell Grant, and SEOG).
The percentage of
such funds considered
"earned"
by the student is
determined by dividing
the number of days
prior to withdrawal
by the total number
of days in the term,
semester or billing
period, with the
results expressed
as a percentage rounded
to the second decimal
point.
The remaining percentage
is considered "unearned".
The unearned percentage
is applied first
to applicable fees.
The school returns
this percentage to
the federal aid programs.
If this percentage
of fees exceeds Title
IV aid, the amount
in excess of Title
IV aid is generally
returned first to
other aid programs,
with any remaining
excess returned to
the student.
If the Title IV aid
exceeds the amount
of applicable fees,
the unearned percentage
is applied to the
funds in excess of
fees. The student
repays unearned loan
funds in excess of
applicable fees on
the normal repayment
schedule. However,
the student is responsible
for repaying 50%
of the calculated
unearned grant funds
not attributable
to the returned applicable
fees.
Unearned funds are
attributed to Title
IV programs in the
following order:
1. Unsubsidized Federal
Stafford loans; 2.
Subsidized Federal
Stafford loans; 3.
Perkins loans; 4.
Federal PLUS loans;
5. Federal Pell Grant;
6. Federal Supplemental
Grants (FSEOG); and,
7. Other applicable
Title IV Aid.
Withdrawal date is
the day the student
begins the official
Termination of Enrollment
process or otherwise
officially notifies
their school's Student
Affairs Office of
their intent to withdraw.
For unofficial withdrawals,
the latter of the50%
point in the enrollment
period or the last
documented date of
a student's educational
activity (such as
an exam, lab assignment,
or academic advisement
appointment) is used.
The first day of
a leave of absence
is considered the
withdrawal date for
financial aid purposes,
unless the student
is granted a special
exemption based on
the nature and length
of the leave and
their ability to
return during the
same academic period
and resume studies
without incurring
any additional financial
liability.
Return of Title IV
FundsExample Jane
receives a $500 subsidized
Federal Stafford
disbursement and
a $1000 Federal Pell
grant for her 113
day long Spring semester.
Her applicable fees
are $1000. She signs
her Termination of
Enrollment form on
the 33rd day of the
semester and is considered
in attendance for
33 days. Therefore,
29.2 percent of her
Title IV aid, $438,
is considered earned,
while 70.8%, $1,062,
is considered unearned.
The school must return
70.8% of Jane's applicable
fees, $708, to her
Title IV aid. The
school first attributes
the return to Jane's
Stafford disbursement,
fully repaying the
$500 to the lender,
thus reducing Jane's
student loan debt.
The school then returns
$208 to the Federal
Pell Grant program.
Jane is not off the
hook yet; she still
has $354 in unearned
Title IV funds attributable
to her Federal Pell
Grant. However, federal
regulations give
Jane a break. She
is responsible to
return only half
of this amount, $177,
to the Federal Pell
Grant program; she
must return this
amount or make satisfactory
repayment arrangements
with the U.S. Department
of Education before
she can receive any
further Title IV
student aid from
any institution.
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