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LO SFA warns MJ Foster scholarship may run short this fall; officials map phased payments
Summary
LO SFA (student financial aid office) told the Board of Regents finance hearing it faces a cash shortfall in the MJ Foster adult scholarship, with payments phased and the risk that funds will run out before October without legislative action. LOSFA outlined a triaged disbursement schedule and urged systems to submit accurate fall billing quickly.
LO SFA (the state's student financial aid office) told the Board of Regents finance committee on Sept. 24 that the state's MJ Foster adult learner scholarship and several TOPS categories are under unusual cash pressure and could run short this academic year unless the legislature provides additional funding or another revenue source is allocated.
Simone (LOSFA senior official) described a tiered disbursement plan LOSFA is using to protect students who were already enrolled and to avoid promising scholarships that cannot be…
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