STUDENT FINANCIAL ASSISTANCE COMMISSION
|TOPS BULLETIN NUMBER:
|December 9, 2005
College, University and LAICU Chancellors, Financial Aid Offices, Business Offices, Registrars and Auditors; Parish Presidents and Superintendents; High School Principals and Counselors; Proprietary Schools; Louisiana Legislators, Officials and the Congressional Delegation; Higher Education Board; Libraries; Commission Members; Technical College Campus Deans and Student Personnel Services Officers
2005-2006 TOPS Funding
To assure that your Rules remain current, please record this document on your Bulletin index and retain it with your manual.
Act 67 (HB 156) of the 2005 1st Extraordinary Session of the Louisiana Legislature reduces state appropriations to match the loss of state revenues caused by Hurricanes Katrina and Rita. The Louisiana Office of Student Financial Assistance (LOSFA) was asked by the Legislature what the surplus might be in the 2005-06 TOPS appropriation due to the displacement and non-attendance of eligible students due to these disasters. Based on comparative data and making conservative assumptions, LOSFA estimated that approximately $5.114 million of the TOPS appropriation might not be expended during this academic year. Act 67 reduces the TOPS appropriation by this amount.
Based on statutory language, payment will still be made for billings for all students who are eligible for a TOPS award, even if funds are needed in excess of the reduced appropriation.
No change has been made to the amount that may be disbursed for an academic year. The TOPS award will be paid only for two regular semesters or three regular quarters and a qualified summer semester as defined in rule. Students enrolled in institutions whose fall semester was cancelled because of the storms will not be eligible to receive more than two regular semesters of their TOPS award during this academic year. Students for whom a TOPS award was paid as a visiting student during the fall semester will only be eligible to receive funding for one additional regular semester, even if they will return to their home institution for a full academic year that begins in January.
Additional TOPS Bulletins are forthcoming to address all legislative changes that were made during the Extraordinary Session.
Please refer questions regarding
this information to Melanie Amrhein, Assistant Executive Director at firstname.lastname@example.org.