undergraduate bulletin - LaGrange College

DETERMINING FINANCIAL NEED
Students seeking financial assistance must complete the federal need analysis form, the Free
Application for Federal Student Aid (FAFSA). The FAFSA collects parental and student
income and asset information needed to determine eligibility for financial aid. This information
is used in a federal need-analysis formula to determine the Expected Family Contribution (EFC).
The Financial Aid Office establishes Cost of Attendance Budgets each year. A Cost of
Attendance Budget includes tuition, fees, room, board, books, supplies, and living expenses.
Other components of the Cost of Attendance, which is applied on an individual basis, are
childcare expenses, study abroad, and the purchase of a computer. These items may require
documentation from the student. Below are the Cost of Attendance Budgets for the 2011-2012
academic year:
Undergraduate dependent residing on campus $ 36,463
Undergraduate dependent residing with parents $ 31,729
Undergraduate independent residing off campus $ 37,712
Undergraduate Nursing dependent residing on campus $ 44,718
Undergraduate Nursing dependent residing with parents $ 39,223
Undergraduate Nursing independent residing off campus $ 45,200
The Expected Family Contribution (EFC) is deducted from the Cost of Attendance at
LaGrange College to determine whether a need for financial assistance exists. If the family‘s
EFC is less than the Cost of Attendance, then a financial need is established. The Office of
Financial Aid attempts to meet the demonstrated financial need of applicants with federal, state,
and institutional grants and scholarships, work programs, and student loans.
SATISFACTORY ACADEMIC PROGRESS POLICY
Federal regulations require institutions of higher education to establish Satisfactory Academic
Progress (SAP) standards for recipients of financial aid. The purpose of satisfactory academic
progress standards is to measure a student‘s progress toward the completion of his or her
educational program. The Office of Financial Aid is responsible for ensuring that all students
receiving federal, state, and institutional financial aid are meeting these standards by conducting
an evaluation at the end of each semester.
The satisfactory academic progress standards established in this Policy apply to all financial aid
programs including, but not limited to,
Federal aid programs—Pell Grant, Federal Supplemental Educational Opportunity Grant
(FSEOG), TEACH Grant, Federal Perkins Loan, Federal Direct Loan, Federal Direct Parent
Loan for Undergraduate Students (PLUS), Federal Work Study;
State aid programs—HOPE Scholarship, Zell Miller Scholarship, and Georgia Tuition
Equalization Grant (GTEG); and
LaGrange College institutional aid—LaGrange College grants, academic scholarships, and
LaGrange College Work Aid.
A satisfactory academic progress policy is comprised of a qualitative (grade-based) and
quantitative (pace and time frame) standard. The qualitative standard assesses the quality of
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