BATON ROUGE, The. (KTVE/KARD) — Some Louisiana college students now have another way to get financial aid. According to the Louisiana Office of Student Financial Aid or LOSFA, the MJ Foster Promise program is named after former Louisiana Governor Mike J. Foster.
LOSFA said the program is a new $10.5 million annual state fund that will provide financial support for students to earn degrees relevant to high-demand jobs in growing industry sectors across the country. Louisiana.
According to LOSFA, the Board of Regents (BOR) will administer the MJ Foster Promise program through LOSFA. LOSFA said the program will be available to all Louisiana residents (age 21 or older), with individual student awards available on a first-come, first-served basis.
LOSFA said that to be eligible for the program, students must qualify for financial support and be pursuing a career in one of five high-demand fields, including:
- Health care
- Computer science
- Transport and logistics
LOSFA said the pledged funds can be used over a three-year period to cover tuition and fees, but no additional funds will be refunded to students. According to LOSFA, the scholarship amount is $3,200 per year, but students can receive a maximum amount of $6,400 if enrolled in a high-cost program. LOSFA said if a student does not meet the continuation requirements, they can request an exception.
The program will involve all public two-year post-secondary institutions in the state. The Louisiana Community and Technical College System, Louisiana State University at Eunice, Southern University at Shreveport, and BOR-approved accredited proprietary schools are eligible to use MJ Foster Promise funds.
LOSFA said the program will begin July 1, 2022, but prospective students can start applying now. For more information on the MJ Foster Promise program, click here.