POSTED 07/20/16 Latest Update Concerning 2016-2017 TOPS Awards for Incoming and Continuing Tulane Students The State of Louisiana has provided Tulane with details concerning the estimated TOPS payment amounts for the upcoming 2016-2017 academic year. If the 2016-17 TOPS program were 100% funded (which it is not), annual awards for eligible Tulane students would be: TOPS Tuition Award $5,567 ($2,783.50 per semester) with 100% funding TOPS Honors Stipend $800 ($400 per semester) with 100% funding TOPS Performance Stipend $400 ($200 per semester) with 100% funding Instead, based on the State’s release of information (http://www.osfa.state.la.us/), 2016-2017 TOPS annual awards are expected to be 70.345% of the full amounts, and the Louisiana Legislature has mandated that “front-loading” be implemented, resulting in disbursements as follows: 2016 Fall 2017 Spring* 2016-17 Total* TOPS Tuition Award $2,590.32 $1,325.78 $3,916.10 TOPS Honors Stipend $ 372.34 $ 190.52 $ 562.86 TOPS Performance Stipend $ 186.12 $ 95.26 $ 281.38 TOPS eligible students and their families need to plan accordingly for this UNEVEN distribution of TOPS funds between the fall and spring semesters. While generally all other types of financial aid will be disbursed in equal amounts (half for the 2016 fall semester and the remaining half for the 2017 spring semester), the State of Louisiana’s TOPS program will follow an inequitable distribution schedule, resulting in a significantly smaller portion of the TOPS award being available for the 2017 spring semester. *Please note that the 2017 spring semester amounts are ESTIMATED AND WILL BE REVISED, subject to appropriation and funding received by the State. TOPS ELIGIBLE STUDENTS MAY OPT OUT The State of Louisiana will allow TOPS eligible students to “opt out” of TOPS on a semester-by-semester basis for the 2016-17 award year. For more information, we encourage students to visit the State’s website: http://www.osfa.la.gov/ and click on the “TOPS OPT OUT Questions and Answers” link. If you wish to opt out for both semesters (fall and spring) of 2016-2017, please realize that you MUST OPT OUT EACH SEMESTER by the specified deadline (by the 14th day of from the start of each semester).
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