Louisiana State Matching Funds Grant

Federal LEAP funding has been eliminated for the 2011-2012 academic year. State matching funds that would normally have supplemented the Federal LEAP Program have been allocated to schools to be used as need-based aid. This need-based aid program has been named the State Matching Funds Grant. There is no minimum award, but the maximum annual award remains at $2,000. Emphasis is placed on awarding students with the greatest amount of unmet need.

Loyola University received $21,253 to award to eligible undergraduate students for the 2011-12 academic year.  Students who received funds through the LEAP Program during the 2010-2011 year had priority consideration for funding.

Standard Eligibility Requirements

  • Be a U.S. citizen or national or eligible non-citizen
  • Register with Selective Service, if required
  • Be a resident of Louisiana for at least one year prior to July 1st of the award year
  • Annually submit the Free Application for Federal Student Aid (FAFSA) by the deadline set by the school
  • Have a high school diploma with at least a 2.00 cumulative grade point average or a minimum average score of 45 on the GED Test or an ACT composite score of at least 20 or a postsecondary school GPA of at least 2.00 from the most recent term
  • Be certified as a full-time undergraduate student in an eligible program at an eligible institution and be selected by the eligible institution for receipt of the award.
  • Have substantial financial need of at least $199
  • Be in compliance with the terms of other federal and state student aid programs 
  • Not be in default of an educational loan
  • Not have a criminal conviction, except for misdemeanor traffic violations
  • Agree that the award proceeds will be used exclusively for educational expenses
     

 

Renewal Requirements

  • Continue to meet all initial eligibility requirements listed above
  • Maintain a cumulative postsecondary grade point average of at least 2.00 calculated on a 4.00 scale by the conclusion of the academic year (Spring term)

 

Updated September 28, 2011