La. Admin. Code tit. 28, § IV-1417 - Responsibilities of LOSFA
A. Upon receipt
of payment requests from institutions submitted in accordance with §1413 A, LOSFA shall pay the institution for each eligible student in accordance with
§1413
B. LOSFA shall conduct
audits of the participating eligible Louisiana postsecondary institutions to
ensure compliance with program requirements.
C. LOSFA shall provide the information
necessary to fully inform Louisiana public high school students and their
parents on the requirements of and procedures for applying for and maintaining
eligibility for the Early Start Program.
D. LOSFA shall audit high schools and
postsecondary institutions to ensure compliance with these rules.
E. LOSFA shall maintain a database of all
students who have participated in the Early Start Program, including Social
Security number, college code, high school code, term, date, college course
type, hours attempted, payment amount, and aggregate amount paid.
F.
1. After
the receipt of fall semester or term payment requests, but no later than
October 15 of each year, LOSFA shall determine whether sufficient funds are
available for all anticipated program payments for subsequent semesters and
terms of the academic year.
2. In
the event projections indicate sufficient funds are not available, LOSFA shall
notify the board.
3. In the event
additional funds are not allocated for all program payments anticipated for
subsequent semesters and terms during the academic year, the board shall
develop, approve and deliver a plan to LOSFA to address the
shortfall.
Notes
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