STUDENT FINANCIAL ASSISTANCE COMMISSION
|DATE ISSUED:||July 27, 2006|
|EFFECTIVE DATE:||As Indicated|
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
LEAP Emergency Rule
The Louisiana Student Financial Assistance Commission approved Emergency Rule at its June 8, 2006 meeting that will allow LOSFA to use schools’ 2004-05 application enrollment data in establishing the Leveraging Educational Assistance Partnership (LEAP) allocation for the 2006-07 academic year. This was due to the number of schools whose normal enrollment patterns were disrupted due to the hurricanes of 2005.
Schools that have already submitted their 2006-07 LEAP Applications do not need to resubmit as LOSFA will have the data needed on file. Schools that have yet to submit their application and wish to receive an allocation of funds under the LEAP program for the upcoming academic year, should use their 2004-05 enrollment numbers as described in the emergency rule attached. New participant schools applying for their initial grant and for which LOSFA has no 2004-05 data should contact Bonnie Lavergne at email@example.com.
Student Financial Assistance Commission
Office of Student Financial Assistance
The Louisiana Student Financial Assistance Commission (LASFAC) is exercising the emergency provisions of the Administrative Procedure Act [R.S. 49:953(B)] to amend and re-promulgate the rules of the Scholarship/Grant programs (R.S. 17:3021-3025, R.S. 3041.10-3041.15, and R.S. 17:3042.1.1-3042.8, R.S. 17:3048.1, R.S. 56:797.D(2)).
The emergency rules are necessary to implement changes to the Scholarship/Grant programs to allow the Louisiana Office of Student Financial Assistance and state educational institutions to effectively administer these programs. A delay in promulgating rules would have an adverse impact on the financial welfare of the eligible students and the financial condition of their families. LASFAC has determined that these emergency rules are necessary in order to prevent imminent financial peril to the welfare of the affected students.
of emergency is effective June 7, 2006, and shall remain in effect for the maximum
period allowed under the Administrative Procedure Act. (SG0673E)
Part VI. Student Financial Assistance - Higher
Education Scholarship and Grant Programs
Chapter 13. Leveraging Educational Assistance Partnership (LEAP)
§1301. General Provisions
A. - D. …
E. Allocation of Funds.
1. Annually, funds are allocated to postsecondary institutions based on school type, the school's prior year first-time, full-time enrollment and the amount of the prior year's allocation that was expended. Initial funds, for first-time recipients, are computed as a percentage of all participating institutions first-time, full-time enrollment as of October 10 of the prior fiscal year. A student’s enrollment in an undergraduate degree granting school which is a component of a state supported medical center, shall be a first-time, full-time freshman for the purpose of this program. Continuation funds for students who had previously received LEAP are computed as a percentage of the allocated funds used during the previous year. The continuation formula applies 60 percent for four year schools and 40 percent for two-year schools.
2. For the 2006-2007 Academic Year (College), the allocations described in E.1. above shall be made to postsecondary institutions based on 2004-2005 Academic Year (College) formula data.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3021-3036.
HISTORICAL NOTE: Promulgated by the Student Financial Assistance Commission, Office of Student Financial Assistance LR 22:338 (May 1996), repromulgated LR 24:641 (April 1998), amended LR 24:1910 (October 1998), LR 25:1458 (August 1999), repromulgated LR 27:1860 (November 2001), amended LR 28:2332 (November 2002).