Louisiana Administrative Code
Title 28 - EDUCATION
Part IV - Student Financial Assistance-Higher Education Scholarship and Grant Programs
Chapter 22 - M.J. Foster Promise Program
Section IV-2209 - Responsibilities of Eligible Colleges
Current through Register Vol. 50, No. 9, September 20, 2024
A. Initial Eligibility. Eligible colleges must determine:
B. Continuing Eligibility. Eligible Louisiana institutions must determine whether a recipient is in good academic standing.
C. Packaging Policy
D. Award Amount. Eligible Louisiana institutions must establish the award amounts for each individual student based on the institution's M.J. Foster packaging policy. The amount awarded must comply with the requirements and limitations established in these rules and the guidance published by LOSFA.
E. Submission of Payment Requests. Each semester, quarter or term, eligible Louisiana institutions shall submit a payment request to LOSFA for students enrolled at the institution who have been determined eligible for an M.J. Foster Promise Program as follows:
F. At the end of every semester or term, or upon completion of a program of study, the following shall be reported:
G. Over Payments
H. Excess Award. In the event an excess award occurs during the fall semester or quarter or the winter quarter due to receipt of additional gift aid, the school shall reduce the award amount for the spring accordingly. In the event an excess award occurs during the spring semester or quarter due to receipt of additional gift aid, the school shall document the reason for the excess award.
I. Over Award. In the event the student's total aid exceeds his financial need for the costs set forth in §2201.G, M.J. Foster Promise Program grant shall be reduced, institutional and other aid in accordance with institutional practice, then the Louisiana GO Grant, shall be reduced by the amount of any remaining over award.
J. Records Retention. Records pertaining to an M.J. Foster Promise Program award are subject to audit as required by the board and the Louisiana Legislative Auditor. Eligible Louisiana institutions shall maintain all records for a minimum of three years from creation. All such records shall be made available upon request by the board and/or the Louisiana Legislative Auditor.
K. Each eligible Louisiana institution shall provide a copy of its M.J. Foster Program packaging policy as required by §2209.C to LOSFA, when requested.
L. Audits. Eligible Louisiana institutions that participate in the M.J. Foster Promise Program grant LOSFA and the Louisiana Legislative Auditor the right to inspect records and perform on-site audits of each institution's administration of the program for the purpose of determining the institution's compliance with state law and applicable rules and regulations.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3047 et seq.