Louisiana Public Postsecondary Education

Tuition and State Aid Policies

Overview

August 19, 2011

Tuition

Tuition Policy

• 1974 Constitution/Act 313 of 1975 – authority to system management boards

• 1995 Constitutional amendment – 2/3 vote of legislature

• Act 1105 of 2003 – Regents to study/formulate tuition/fee policy

Tuition Policy

• 2005 Tuition Policy – adopted by Regents, not approved by Legislature– Six-year plan to yield adequate revenue,

predictable/reasonable charges– Included a financial aid component

• Act 918 of 2008 – Regents 3,4,5 Plan, JLCB approval

• Act 741 of 2010 (GRAD Act) – six-year plan to grant tuition authority to institutions in return for performance

2011-12 Tuition Rates 4-yearCompared to Peer Rates

LSU ULL

UNO

LaTech

SUBR

ULM SLU

GSUM

SU NSULS

US

Nicholls

SUNO

LSUA

$0.00$1,000.00$2,000.00$3,000.00$4,000.00$5,000.00$6,000.00$7,000.00$8,000.00$9,000.00

$10,000.00

La InstPeers

Gaps range from -13.5% to -40.0%

2011-12 Tuition Rates 2-yearCompared to Peer Rates

Delgado

BRCCBPCC

LSUE

Delta SUS

NunezRPCC

SLCC

Fletch

er

Sowela LT

C$0.00

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

$3,000.00

$3,500.00

La InstPeers

Gaps range from .5% to -19.2%

Student Financial Assistance

Financial Aid Policy

• TOPS – 1998 (merit)• Act 694 of 2004 – Regents to formulate

financial aid policy• 2005 Tuition Policy – adopted by Regents, not

approved by Legislature– Included a financial aid component

• 2007 GO Grant – Regents, need-based• 2007 Early Start – Regents, dual enrollment

2011-2012 Appropriation

TOPS, $154,375,000

85%

LEAP, $1,000,000

1%

Go Grant, $26,429,108

14%

TOPS LEAP Go Grant

Need Based AidMerit Based Aid

Aid based on Need Aid based on Need and Merit Aid based on Merit Special Purpose

Georgia (SREB)

Financial Aid Comparisons(Based on 2009-2010 NASSGAP Data)

Louisiana (SREB)

Kentucky (SREB)

Student Aid Sources

• Federal

Financial Aid Overview

Cost of Attendance (COA)

-Expected Family Contribution (EFC)

=Financial Need- Aid and Resources

= Remaining Financial Need

• Cost of Attendance (COA) – set by school– Tuition and Fees– Books and Supplies– Room and Board– Transportation – Personal Expenses

National Average for 4 year public = $17,417

Louisiana Public 4-Year Average = $15,514

National Average for 2 year public = $13,126

Louisiana Public 2-Year Average = $ 9,160

Financial Aid Overview

1998

-99

1999

-00

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

$3,000 $3,125

$3,300

$3,750

$4,000 $4,050 $4,050 $4,050 $4,050

$4,310

$4,731

$5,350 $5,550 $5,550

Max Pell Award

Pell Grant Maximum Payment

Pell Grant Maximum Payment and Tuition and Fees Comparison

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

The data is enrollment weighted, current dollars tuition and fees for public four-year schools for the nation, Louisiana and College Board southern region respectively. The source of the data is The College Board Annual Survey of Colleges.

Max Pell Award Nation South Louisiana 4-year Public

104,346 Louisiana Undergraduates Received

Pell Grant Awards Totaling $406,082,677 2009-2010 Academic Year

Less than $1,200

$1,200 to $2,999

$3,000 to $4,199

$4,200-$5,349

$5,350 Over Award

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

6,792

34,368

14,972

9,798

24,917

13,499

Maximum Pell Grant for the 2009-2010 Award Year was $5,350.

7% 33% 14% 9% 24% 13%

Student Aid Sources

• State

TOPS Expenditures and Recipients

$54.0

$67.5

$90.3

$104.0 $104.6$110.5

$117.1 $116.9 $120.6 $116.7$123.0

$130.7

$144.4$154.4

23,661

29,265

35,83340,983 40,199 41,464 42,573 42,621 43,716 42,254 42,282 43,048 43,288 43,341

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

TOPS Awards TOPS Recipients

Academic Year

As of October 30, 2009

Note: The 2011-12 Academic Year data shows the amount appropriated and projected to be expended for the year and the projected number of recipients.

$ in Millions Students

Go Grant Expenditures and Recipients

$17.0

$25.8 $24.5 $25.1 $26.4

10,46115,973

22,440

30,774 27,924

0

10,000

20,000

30,000

40,000

50,000

$0

$5

$10

$15

$20

$25

$30

2007-08 2008-09 2009-10 2010-11 2011-12

Go Grant Awards Go Grant Recipients

Academic Year

As of August 4, 2011

Note: The 2011-12 Academic Year data shows the amount appropriated and projected to be expended for the year and the projected number of recipients.

$ in Millions Students

2010-2011 TOPS and GO Grant Comparison

TOPS43,288

Students$144,449,583

Go Grant30,774

Students$25,120,516

TOPS and Go Grant

9,906 Students$8,953,805 Go Grant$31,709,588 TOPS

Financial Need 4 Yr College (2010-11 average)

Lowest COA Based on Living with Parents

Max Pell Min Pell COA $11,718 $11,718- EFC $0 $5,273= Financial Need $11,718 $6,443- Pell Grant* $5,550 $555 = Remaining Need $6,168 ** $5,890**

*EFC = 0 – 5273, student qualifies for Pell Grant of $5550 - $555**$2000 GO Grant funds approximately 1/3 of unmet need , on

average , at a 4 year public institution.

Financial Need 2 Yr Community College (2010-11 average)

Lowest Cost COA Based on Living with Parents

Max Pell Min Pell COA $9,647 $9,647- EFC $0 $5,273= Financial Need $9,647 $4,374- Pell Grant* $5,550 $555 = Remaining Need $4,097** $3,819**

*EFC = 0 – 5273, student qualifies for Pell Grant of $5550 - $555**$2000 GO Grant funds approximately ½ of unmet need, on

average, at a 2 year community college.

Financial Need LA Technical College (2010-2011)

Lowest Cost COA Based on Living with Parents

Max Pell Min Pell

COA $8,414 $8,414- EFC $0 $5,273= Financial Need $8,414 $3,141 - Pell Grant* $,550 $555 = Remaining Need $2,864 $2,586 *EFC = 0 – 5273, student qualifies for Pell Grant of $5550 - $555**$2000 GO Grant funds approximately ¾ of unmet need, on

average, at the Louisiana Technical College.

Early Start Expenditures and Recipients

$3.6$4.0

$5.6$6.0

$5.5

7,163

9,729

13,841

16,030

9,166

02,0004,0006,0008,00010,00012,00014,00016,00018,00020,000

$0

$1

$2

$3

$4

$5

$6

$7

2007-08 2008-09 2009-10 2010-11 2011-12

Early Start Awards Early Start Recipients

Academic Year

As of August 4, 2011

Notes: (1) The 2008-2009 data only includes state funding for the first half of the year and does not include the cost of the program for the second half of the year that was assumed by the participating colleges and universities. (2) The 2011-12 Academic Year data shows the amount appropriated and projected to be expended for the year and the projected number of recipients.

$ in Millions Students

Financial Aid Research Project