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
- 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