Academic Year-the academic year begins with the fall semester or term of the award year, includes the winter term, if applicable, and concludes with the completion of the spring semester or term of the award year. Summer terms are not included in the academic year unless authorized by the board and only if the post-secondary institution provides students with Pell Grants or financial need grants during the summer session.
Administering Agency-the Louisiana Board of Regents (the board) through the Louisiana Office of Student Financial Assistance (LOSFA).
Cost of Attendance-the total cost for a student to attend a particular eligible Louisiana institution, usually expressed as an academic year figure. This cost shall be determined by the institution attended in compliance with title IV of the Higher Education Act of 1965, as amended, and shall be annually updated and adopted by the institution.
Dependent Student-a student who does not qualify as an independent student for purposes of qualifying for title IV aid.
Eligible Louisiana Institution-
Enrollment-registration in programs of study at an eligible Louisiana institution.
Excess Award-an award in excess of what is authorized by these rules and the guidance established by the board and published by LOSFA.
Expected Family Contribution (EFC)-an amount, determined by a formula established by Congress, that indicates how much of a family's financial resources should be available to help pay for the student's cost of attendance. Factors such as taxable and nontaxable income, assets (such as savings and checking accounts), and benefits (for example, unemployment or Social Security) are all considered in this calculation.
Federal Pell Grant-the Pell Grant provided under title IV of the Higher Education Act of 1965, as amended.
Financial Need-the students costs of attendance at the institution attended minus the expected family contribution (EFC).
Financial Need Grant-an institutional grant provided by the state for students with financial need as evidenced by the data reported on the FAFSA at a Louisiana public college that has been granted regional candidacy status and is eligible to participate in the Go Grant Program.
Full-Time-a student enrolled in an eligible Louisiana institution who is considered full-time by the school.
Go Grant Award Amount-the award amount actually paid during an academic year.
Half-Time-a student enrolled in an eligible Louisiana institution who is not full-time but is enrolled in at least six semester credit hours, or four hours at a term school.
Independent Student-a student who meets at least one of the criteria listed in Subparagraphs a-f or has been determined independent by a financial aid officer exercising professional judgment in accordance with applicable provisions of the Higher Education Act of 1965, as amended:
Less Than Half-Time-a student enrolled in an eligible Louisiana institution who is not full-time and is enrolled in less than six semester credit hours or four hours at a term school.
Louisiana Resident-
Satisfactory Academic Progress-a standard established in accordance with the Higher Education Act of 1965, as amended, by the institution at which a GO Grant recipient is enrolled for measuring a student's progress in his or her educational program.
Undergraduate Program-a program of study that is designed to lead to a certificate or undergraduate degree.
La. Admin. Code tit. 28, § IV-1203