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Go Grant Policy
Go Grant Packaging Policy
To be eligible for a Louisiana Go Grant, a student must:
· Be a Louisiana Resident 1
· File a Free Application for Federal Student Aid (FAFSA)
· Receive a federal Pell Grant
· Have remaining need after deducting Estimated Family Contribution (EFC) and all federal/state/institutional grant or scholarship aid (“gift aid”) from student’s Cost of Attendance
· Be a student enrolled at least ½ time basis
· Transfer and re-entry students are eligible for the award if they meet the other above listed criteria.
1) Louisiana College receives a limited amount of Go Grant funding each year; therefore, the college awards Go Grant to students on a first-come-first-serve basis. Students who have completed their financial aid paperwork by May 1st “priority deadline” will receive Go Grant awards first until all funds have been exhausted.
2) Award Calculations – Louisiana College makes a good faith effort to distribute Go Grant allocations in a manner that reaches students with the most financial need to bring their maximum financial need met with gift aid to 60%.
Example: COA = $17,500
EFC = 1,500
Need = 16,000 60% of need = 9,600
Gift aid, inclusive of the Go Grant amount should not exceed 60% of need (9,600 in above example). Examples of gift aid include Federal Pell Grant, Federal SEOG, TOPS, TOPS stipends, and institutional scholarships.
3) Financial Aid Counselors will award students who meet the 60% mark first. Then if any funds are remaining the counselors will begin to identify the next neediest students until all funds have been exhausted.
4) In addition to the 60% rule, Louisiana College will make a good faith effort to award Go Grant to students who are 25 and older first (as per 1/29/2013 Board of Regents Go Grant Framework).
5) Students must maintain Satisfactory Academic Progress (SAP) to continue receiving Go Grant.
1Residency = 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 completed, by the parents, of a residency affidavit.