Available Types of
Federal Pell Grant
Created as the
cornerstone of federal aid for needy undergraduate students, the Federal Pell
grant program provides funding for undergraduates demonstrating high levels of
need (students who already have their first degree of bachelors or higher are
not eligible for Federal Pell). Through the Academic Competitiveness Grant,
additional funding is available to freshman and sophomore Federal Pell
recipients who meet certain academic criteria.
Supplemental Educational Opportunity Grant (SEOG)
provides additional grant funding for undergraduates, primarily to supplement
the grants of Federal Pell recipients.
Tuition Opportunity Program for Students (TOPS)
TOPS is a comprehensive program of state scholarships with three levels: the
Opportunity Award; the Performance Award; and the Honors Award. Each award has
specific eligibility and selection criteria, including, ACT score, and
completion of a specified high school college preparatory core curriculum, and
grade point average of the core courses.
for more information.
Scholarships and Grants
award scholarships and grants funded through institutional sources, the LSUHSC
Foundation, and generous donations. See the school specific sections of the
LSUHSC-NO Catalog/Bulletin for details.
LSUHSC Hardship Waive
This is a need based grant program meeting a State legislative mandate to set
aside a portion of funds from tuition increases to alleviate the impact of those
increases for needy students. Funds are awarded to Louisiana residents
demonstrating significant financial need; this is defined as an official
Expected Family Contribution (EFC) Free Application for Federal Student Aid
result in the Federal Pell-Eligible range. Due to limited available funds, the
school may consider for funding only applicants with Zero EFC and no other
significant gift assistance. Awards are made on a first come first served basis.
Award amounts vary.
Grant is a new Louisiana need based scholarship program, which provides
funding to Federal Pell Grant Recipients. For 2009-10, the third academic
year of the program, funding is limited to students attending their first,
second or third year of college post high school, and students who will be
25 or older by the end of 2009 and who have not attended college in the
previous two regular semesters. Funding during any academic year may be
limited in a manner that would prevent full awards to all qualified
applicants. LSUHSC awards Go Grants to qualified applicants with complete
aid application files based on FAFSA completion date (earliest dates first)
until available funding is exhausted.
Fee Waivers and
Fee waivers and
stipends are available to qualified students. Contact the program in which you
are interested for further information on this type of aid.
Financial Aid Office offers assistance to students through the following Federal
long-term loan programs. Repayment of
is deferred as long as the borrower is enrolled for at least a half-time course
In school deferment for Nursing Student Loans and the Dental Health Professions
Student Loans is limited to study in the respective heath care discipline.
qualifications for the loan programs are listed below.
requires evidence of financial need for eligibility. The interest rate is 5% and
does not accrue while the student is enrolled on at least a half-time basis.
There are provisions for cancellation for designated public service in some
Federal Direct Subsidized/Unsubsidized Loan Program
These federal loans feature a subsidized need based component and an unsubsidized non-need based component. The government does not charge interest on the subsidized component during qualifying in-school, grace and deferment periods. The interest rate is 6.8%. However, the subsidized component rate is lower for undergraduates in 2011-12 (3.4%). The subsidized component rate is scheduled to revert to the 6.8% rate for undergraduates beginning with the 2012-13 academic year. Federal law discontinues the subsidy on new loans for graduate/professional students for periods of enrollment beginning on or after 7/1/12.
► Federal Direct Subsidized/Unsubsidized Loan Academic Year Limits ◄
Medical and Dental students can generally borrow close to the Student Standard Budget limit for Louisiana residents (covering educational costs and an allowance for basic living expenses) minus other aid received. For Medical and Dental students, funding is limited to $40,500 for a nine month academic year, with some adjustment for longer and shorter academic years.
Academic year loan limits for other students are as follows.
Dependent sophomore – $6,500 Independent sophomore – $10,500
Dependent junior/senior – $7,500 Independent junior/senior – $12,500
Graduate/professional (other than Medicine and Dentistry) – $20,500
These amounts may be reduced based on the applicable Student Standard Budget
and other aid received. The Subsidized component is limited to the lesser of the
Student Standard Budget minus the Expected Family Contribution and other aid
received, or as follows.
Sophomore – $4,500 Junior/Senior – $5,500
Graduate/Professional – $8,500 (for periods of enrollment beginning before 7/1/12)
Federal PLUS Loans
Federal PLUS program, graduate level students and the parents of undergraduate
dependent students can borrow additional funds for educational expenses. The
interest rate is 7.9%. Total funding including PLUS must not exceed the student budget established by the school.
Masters degree seeking
graduate Nursing students demonstrating financial need are candidates for the
Nursing Student Loan. The loans are interest free during qualifying in-school,
grace and deferment periods, and 5% interest rate during repayment.
demonstrating financial need after assessment of both student and parent
resources may receive funding through this program. These loans are also
interest free during qualifying in-school, grace and deferment periods, and 5%
interest rate during repayment.
Eligibility for federal loans is determined based on the results of
the Free Application for Federal Student Aid (FAFSA); however, loan
applicants must also file promissory notes and complete loan
Work-Study Program (FWSP) provides part-time employment opportunities for
college students who are in need of earnings. 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.
Administration officer for the Health Sciences Center is the Registrar, who
certifies enrollment and academic load of veterans. The Veterans Administration
determines the amount.
for these benefits should contact their local Social Security Administration
office for details.
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.
Health Sciences Center recognizes and administers other programs over which it
has no authority to determine qualifications or amounts. Students are required
to notify the Student Financial Aid Office promptly of any aid received from
Scholarships offered by persons or organizations who determine the recipient and
amount but require the funds to be handled through the Health Sciences Center