Federal Shopping Sheet

What is the Financial Aid Shopping Sheet?

The Financial Aid Shopping Sheet is a consumer tool Bossier Parish Community College is using to notify VA students who file a Free Application for Federal Student Aid (FAFSA) and are using Veterans Affairs Educational Benefits about their financial aid packages. It is a standardized form that is designed to simplify the information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed decisions about where to attend school. The Shopping Sheet is available for use beginning in the 2013-14 award year.

Will all veteran students have access to a Financial Aid Shopping Sheet?

Only students who file a FAFSA and indicate on their application for admission that they are using VA education benefits will have access to a Financial Aid Shopping Sheet.

Where will I find my Financial Aid Shopping Sheet?

When you have been notified via LoLA that your financial aid awards are available for viewing, your Shopping Sheet will also be available. You can access it by logging into LoLA and selecting the “Financial Aid” tab. Select the menu item “Shopping Sheet” to view your Shopping Sheet.

What is the difference between the Financial Aid Shopping Sheet and the award notification?

Bossier Parish Community College makes every effort to provide each financial aid recipient with an award notification that is clear and complete. Since colleges and universities use many different formats for their award notifications, students may find it difficult to compare the financial aid offers from various schools. The Financial Aid Shopping Sheet is a standardized form used by schools that have agreed to comply with the VA’s Principles of Excellence. The Principles are designed to help ensure that students can make good educational and financial decisions using a clear, comparative tool that evaluates various financial aid awards.

What is the Estimated Cost of Attendance?

The Estimated Cost of Attendance (COA) is intended to provide you with an idea of what it will cost you to attend Bossier Parish Community College as a full-time student, living off-campus, for the regular academic year. The COA includes tuition and fees (direct cost paid to the school), average room and board costs (indirect cost), average cost of books (direct cost), average cost of transportation (indirect cost) and average miscellaneous personal expenses (indirect cost). Your own expenses (indirect costs) will vary depending on a variety of factors, including housing (where you choose to live and the costs incurred) and lifestyle choices (type of car you drive, how much does the car cost each month, do you pay for a cell phone, do you have cable TV, do you pay for insurance, do you provide for others, etc…)

What awards will appear on my Financial Aid Shopping Sheet?

Institutional grants and scholarships from Bossier Parish Community College will appear on the Shopping Sheet, along with your eligibility for federal grants (including the Federal Pell Grant), state grants/scholarships (including the Louisiana TOPS scholarship), and Federal Direct Student Loans.

Please note that while the Shopping Sheet will indicate the maximum amount of federal loans for which you may be eligible, you are strongly encouraged to postpone borrowing student loans until you know the amount of your military benefits. Many veteran students at BPCC find it unnecessary to take on student loan debt, and are able to cover their expenses using their VA education benefits and grant assistance. If you must borrow, we encourage you to borrow only the amount you really need in order to minimize your long-term indebtedness.

Are military-related education benefits included on my Shopping Sheet?

Veteran-related or active duty education benefits for are not included on the Shopping Sheet because the amounts cannot be determined until you have applied to the Veterans Administration or Department of Defense and received a certificate of eligibility.

For guidance on using your military education benefits at Bossier Parish Community College, please contact Susan Stakes in Building A, Room 138.

What are the “Net Costs” on the Shopping Sheet? Is that what I can expect to pay?

The net cost on the Financial Aid Shopping Sheet merely reflects a calculation showing the estimated cost of attendance minus the total grants and scholarships awarded to you based on your eligibility after filing the FAFSA. It does not reflect the amount which you are responsible to pay after your VA educational benefits are applied, and it does not factor in personal choices that may increase or reduce your actual cost of attendance.

I’m interested in working on campus; why isn’t Federal Work-Study on my Shopping Sheet?

Federal Work-Study is not part of any student’s initial financial aid award at Bossier Parish Community College. If you wish to work on campus, you are encouraged to explore your options through BPCC’s Career Services Office in Building F.

What do the statistics about BPCC on the right side of the Shopping Sheet mean?

The metrics related to graduation rate, loan default rate and median borrowing reflect average statistics for full-time, undergraduate students at Bossier Parish Community College. Your own experience may be different.

Who do I contact if I have questions?

If you have any questions about your military-related education benefits, please contact Susan Stakes, VA Coordinator, at 318-678-6472 or sstakes@bpcc.edu. Please also feel free to direct questions about your financial aid award to the BPCC Financial Aid Office at 318-678-6026 or finaid@bpcc.edu.