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La. Rev. Stat. § 17:3042.7 Louisiana Teacher Corps
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§3042.7. Louisiana Teacher Corps A. A student for whom a loan is made pursuant to this Chapter and under the provisions of this Section shall, upon graduation and acceptance of a teaching position pursuant to this Section, be a member of the Louisiana Teacher Corps. B.(1) Notwith…
La. Rev. Stat. § 17:3045 Purpose
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§3045. Purpose It is the purpose of this Chapter to assist middle income students in meeting the rising costs of higher education and thereby increase the educational opportunities of such students by providing low interest rate student loans to assist Louisiana students in furth…
La. Rev. Stat. § 17:3045.1 Louisiana Opportunity Loan Program; creation; management
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§3045.1. Louisiana Opportunity Loan Program; creation; management A. There is hereby created the Louisiana Opportunity Loan Program to provide low interest non-subsidized educational loans to students without having to meet an income requirement. Such loans may be referred to as …
La. Rev. Stat. § 17:3045.2 Louisiana Opportunity Loan Fund, creation
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§3045.2. Louisiana Opportunity Loan Fund, creation A. There shall be established in the state treasury the Louisiana Opportunity Loan Fund, referred to herein as the "LA-OP Loan Fund". B. Such funds as are made available for the Louisiana Opportunity Loan Program by donation from…
La. Rev. Stat. § 17:3045.3 Appropriation; procedure
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§3045.3. Appropriation; procedure The commission may administer and manage all money, including any appropriation to the commission from the state general fund for the purpose of making loans pursuant to this Chapter, all interest made on loans pursuant to this Chapter and all pr…
La. Rev. Stat. § 17:3045.4 Louisiana Financial Assistance Commission; duties
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§3045.4. Louisiana Financial Assistance Commission; duties The commission shall: (1) Serve as a direct lender of non-subsidized student loans. (2) Accept and review each loan application. (3) Determine the applicant's eligibility and continued eligibility. (4) Collect any balance…
La. Rev. Stat. § 17:3045.5 Loan amounts
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§3045.5. Loan amounts The annual and aggregate loan limits for each eligible student borrower shall be in accordance with those limits established for the Stafford Loan Program authorized by Title IV of the Higher Education Act of 1965 as amended. Acts 1991, No. 799, §1, eff. Jul…
La. Rev. Stat. § 17:3045.6 Eligibility requirements
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§3045.6. Eligibility requirements Students desiring to receive a loan under the provisions of this Chapter shall meet all of the following requirements: (1) Be a resident of Louisiana as defined by the commission. (2) Be a United States citizen, national, or eligible permanent re…
La. Rev. Stat. § 17:3045.7 Repayment of loans
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§3045.7. Repayment of loans All repaid principal and interest resulting from repayment of a loan shall be credited to the commission for the commission's use in making further loans. Acts 1991, No. 799, §1, eff. July 22, 1991; Acts 1991, 3rd E.S., No. 3, §1, eff. Aug. 5, 1991.
La. Rev. Stat. § 17:3045.8 Loan funds; availability
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§3045.8. Loan funds; availability The receipt of a LA-OP loan by an eligible borrower is subject to the availability of lending capital provided by appropriation. Acts 1991, No. 799, §1, eff. July 22, 1991; Acts 1991, 3rd E.S., No. 3, §1, eff. Aug. 5, 1991; Acts 2012, No. 834, §2…
La. Rev. Stat. § 17:3046 Louisiana GO Grant program; legislative findings
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§3046. Louisiana GO Grant program; legislative findings A. The legislature finds that a college education should be available to all qualified students, regardless of their financial means, and declares that the Louisiana GO Grant program established by the Board of Regents has e…
La. Rev. Stat. § 17:3046.1 Eligibility
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§3046.1. Eligibility The Board of Regents shall provide for the participation of any student who meets the following requirements: (1) Is a Louisiana resident at the time of application. (2) Meets the admission requirements and is enrolled in a Louisiana public college or univers…
La. Rev. Stat. § 17:3046.2 Administration; rulemaking authority
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§3046.2. Administration; rulemaking authority A. The Board of Regents shall establish the criteria for initial and continuing eligibility, the method for determining the award amount, and other program requirements not otherwise provided in this Chapter. B. The Board of Regents, …
La. Rev. Stat. § 17:3046.3 3 Private scholarships
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§3046.3 Private scholarships A. Recognizing the success and growth of the Louisiana GO Grant program and in order to maintain the long-term financial stability of the program, private businesses, industry, foundations, charities, individuals and other groups may request from the …
La. Rev. Stat. § 17:3047 M.J
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§3047. M.J. Foster Promise Award; purpose; award amount; limitations A. There is hereby created the M.J. Foster Promise Program to provide a financial assistance award to an eligible student who enrolls in a qualified program at a two-year public postsecondary education instituti…
La. Rev. Stat. § 17:3047.1 Advisory council; membership; responsibilities
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§3047.1. Advisory council; membership; responsibilities A. The Board of Regents shall establish an advisory council to identify programs in which an eligible student may enroll to receive an award pursuant to this Chapter. The identified programs shall be known as "qualified prog…
La. Rev. Stat. § 17:3047.2 Initial eligibility
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§3047.2. Initial eligibility A. To be eligible for the award, an applicant shall meet the following requirements: (1) Meet the following minimum age requirements: (a) Be at least twenty years old in the 2024-2025 award year. (b) Be at least nineteen years old in the 2025-2026 awa…
La. Rev. Stat. § 17:3047.3 Maintaining eligibility
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§3047.3. Maintaining eligibility A. To maintain continued state payment of the award, once enrolled in a postsecondary education institution, an award recipient shall: (1) Make steady academic progress as defined by the administering agency toward completion of the requirements o…
La. Rev. Stat. § 17:3047.4 Funding
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§3047.4. Funding A. The administering agency may seek, accept, and expend funds from any source, including private business, industry, foundations, and other groups, as well as any available federal or other governmental funding. B. If the available funding is not sufficient to f…
La. Rev. Stat. § 17:3047.5 Administering agency
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§3047.5. Administering agency A. The program provided pursuant to this Chapter shall be administered by the Board of Regents through the office of student financial assistance. B. The administering agency shall adopt rules and regulations in accordance with the Administrative Pro…
La. Rev. Stat. § 17:3047.6 Coordination with other agencies
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§3047.6. Coordination with other agencies NOTE: Subsection A eff. until Oct. 1, 2027. See Acts 2025, No. 478. A. Notwithstanding any other law to the contrary, the administering agency shall enter into a memorandum of understanding with the Department of Children and Family Servi…
La. Rev. Stat. § 17:3047.7 Reporting system; implementation; requirements; applicability; participation by
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§3047.7. Reporting system; implementation; requirements; applicability; participation by eligible institutions A.(1) The administering agency shall develop and implement a uniform information reporting system for the purposes of policy analysis and program evaluation and for prov…
La. Rev. Stat. § 17:3050.1 Purpose
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§3050.1. Purpose It is the purpose of this Chapter to encourage and assist those students who graduate from the Louisiana National Guard's Youth ChalleNGe Program to continue their education and enhance their skills by providing for tuition at an eligible Louisiana postsecondary …
La. Rev. Stat. § 17:3050.11 Health Care Employment Reinvestment Opportunity (H.E.R.O.) Fund
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§3050.11. Health Care Employment Reinvestment Opportunity (H.E.R.O.) Fund A. There is hereby established in the state treasury a special fund, to be known as the Health Care Employment Reinvestment Opportunity (H.E.R.O.) Fund, referred to in this Chapter as the "fund". The fund s…
La. Rev. Stat. § 17:3050.2 Tuition grants; eligibility; continuation; limits
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§3050.2. Tuition grants; eligibility; continuation; limits A.(1) As part of the Grant Opportunity for Youth ChalleNGe Program, hereinafter referred to as the "GO-Youth ChalleNGe Program", the state shall award a grant in an amount determined by the administering agency to equal t…
La. Rev. Stat. § 17:3050.3 Administration
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§3050.3. Administration The GO-Youth ChalleNGe Program shall be under the administration of the Board of Regents, through the office of student financial assistance, which shall adopt rules and regulations to implement the provisions of this Chapter. Acts 2003, No. 826, §1, eff. …
La. Rev. Stat. § 17:3050.4 Funding
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§3050.4. Funding A. The legislature annually shall appropriate to the administering agency funds which, together with any other funds available, are sufficient to cover the grants awarded by the state pursuant to this Chapter and the cost of administering the program. B. All tuit…
La. Rev. Stat. § 17:3081 Short title
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§3081. Short title This Chapter shall be known and may be cited as the "Achieving a Better Life Experience in Louisiana Act" or the "Louisiana ABLE Act". Acts 2016, No. 604, §1.
La. Rev. Stat. § 17:3082 Definitions
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§3082. Definitions As used in this Chapter, the following terms have the following meanings: (1) "ABLE account" means a special savings account for financing of certain qualified expenses of persons with disabilities as specifically provided for in this Chapter that conforms with…
La. Rev. Stat. § 17:3083 ABLE account program; creation; purpose; legislative intent
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§3083. ABLE account program; creation; purpose; legislative intent A. The ABLE account program is hereby created and shall be administered by the authority to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabili…
La. Rev. Stat. § 17:3084 Louisiana Tuition Trust Authority; rules; compliance with federal requirements
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§3084. Louisiana Tuition Trust Authority; rules; compliance with federal requirements A. The authority shall, by adoption of rules pursuant to the Administrative Procedure Act and in consultation with the advisory council, provide for the following functions, policies, and requir…
La. Rev. Stat. § 17:3085 Louisiana Tuition Trust Authority; powers relative to the administration of the
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§3085. Louisiana Tuition Trust Authority; powers relative to the administration of the program In addition to any other powers conferred by this Chapter, the authority may do any of the following: (1) Purchase insurance from insurers licensed to do business in this state providin…
La. Rev. Stat. § 17:3086 ABLE account funds; investment
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§3086. ABLE account funds; investment The state treasurer shall invest monies deposited in the ABLE accounts in the same manner as prescribed by R.S. 17:3091 et seq. for the investment of monies deposited in START Program accounts. Funds in ABLE accounts shall be invested in such…
La. Rev. Stat. § 17:3087 ABLE account funds; treatment under certain federal assistance programs
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§3087. ABLE account funds; treatment under certain federal assistance programs In accordance with Section 103 of Title I of Division B of Public Law 113-295, for the purpose of determining eligibility to receive, or the amount of, any assistance or benefit authorized to be provid…
La. Rev. Stat. § 17:3088 Amounts deposited in ABLE accounts; Louisiana income tax; tax table income;
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§3088. Amounts deposited in ABLE accounts; Louisiana income tax; tax table income; reports to the Department of Revenue A. For tax years beginning on and after January 1, 2026, amounts that an account owner deposits into an ABLE account on behalf of any designated beneficiary sha…
La. Rev. Stat. § 17:3088.1 ABLE accounts of deceased designated beneficiary; termination; transfer of
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§3088.1. ABLE accounts of deceased designated beneficiary; termination; transfer of monies; prohibited actions A. Notwithstanding any other provision of law to the contrary, when a designated beneficiary dies, the program account established on his behalf shall be terminated. Mon…
La. Rev. Stat. § 17:3089 ABLE Account Advisory Council; creation; powers
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§3089. ABLE Account Advisory Council; creation; powers A. There is hereby created the ABLE Account Advisory Council, which shall advise and consult with the authority relative to the authority's administration of and adoption of rules pertaining to the program. B. The membership …
La. Rev. Stat. § 17:3090 Achieving a Better Life Experience in Louisiana Fund
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§3090. Achieving a Better Life Experience in Louisiana Fund A. There shall be established as a special fund in the state treasury the Achieving a Better Life Experience in Louisiana Fund, hereinafter referred to as the "ABLE Fund". The assets of the Louisiana Tuition Trust Author…
La. Rev. Stat. § 17:3091 Louisiana Student Tuition Assistance and Revenue Trust Program; creation; purpose; legislative intent
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§3091. Louisiana Student Tuition Assistance and Revenue Trust Program; creation; purpose; legislative intent A. In order to help make education affordable and accessible to all citizens of Louisiana, to assist in the maintenance of state institutions of postsecondary education by…
La. Rev. Stat. § 17:3092 Definitions
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§3092. Definitions As used in this Chapter, the following terms have the following meanings unless the context clearly indicates otherwise: (1) "Beneficiary" means a person designated in an education savings account owner's agreement, or by the authority when authorized by an acc…
La. Rev. Stat. § 17:3093 Louisiana Tuition Trust Authority; creation; powers
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§3093. Louisiana Tuition Trust Authority; creation; powers A. There is hereby created the Louisiana Tuition Trust Authority, which, under the authority of the Board of Regents, shall have the powers enumerated in this Chapter. B.(1) The Louisiana Tuition Trust Authority shall be …
La. Rev. Stat. § 17:3094 Cooperation of state agencies
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§3094. Cooperation of state agencies The authority shall develop a plan for the establishment of education saving accounts. The Board of Regents, and any other state agency requested to do so, shall cooperate with the authority and provide technical assistance upon request. To fa…
La. Rev. Stat. § 17:3095 Education savings accounts; types, use, limitations, and disclosures
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§3095. Education savings accounts; types, use, limitations, and disclosures A.(1)(a) The Louisiana Tuition Trust Authority may enter into an account owner's agreement with any person who qualifies under R.S. 17:3096(A) for the creation of an education savings account on behalf of…
La. Rev. Stat. § 17:3096 Education savings accounts; creation, terms, and conditions
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§3096. Education savings accounts; creation, terms, and conditions A.(1) An education savings account shall be established for an account owner who is determined by the authority to qualify under one of the following classifications: (a) A person or persons determined by the auth…
La. Rev. Stat. § 17:3098 Termination of depositor's agreements; refund; conversion of the account to money
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§3098. Termination of depositor's agreements; refund; conversion of the account to money A.(1) Unless otherwise provided for in the agreement, an education savings account owner's agreement may be terminated by the person entering into the agreement, the beneficiary, or by any pe…
La. Rev. Stat. § 17:3099 Louisiana Education and Tuition Savings Fund; use
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§3099. Louisiana Education and Tuition Savings Fund; use A. The assets of the Louisiana Tuition Trust Authority reserved for payment of the obligations of the authority pursuant to its agreements with account owners shall be placed in the Louisiana Education Tuition and Savings F…
La. Rev. Stat. § 17:3099.1 Annual financial report; audits
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§3099.1. Annual financial report; audits The authority shall be audited in accordance with the provisions of R.S. 24:513. A copy of the audit report shall be provided to the governor, the president of the Senate, and the speaker of the House of Representatives. Copies of the audi…
La. Rev. Stat. § 17:3099.2 Effectiveness
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§3099.2. Effectiveness The Louisiana Tuition Trust Authority shall undertake operation of the program created by this Chapter upon receipt of an appropriation or an award or donation from any other source sufficient to fund the authority's initial start-up and operational expense…
La. Rev. Stat. § 17:3100.1 Louisiana Student Tuition Assistance and Revenue Trust Kindergarten Through
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§3100.1. Louisiana Student Tuition Assistance and Revenue Trust Kindergarten Through Grade Twelve Program; creation; purpose; legislative intent A. In order to provide the citizens of Louisiana with financing assistance for education, there is hereby created the Louisiana Student…
La. Rev. Stat. § 17:3100.10 Effectiveness
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§3100.10. Effectiveness The authority shall undertake operation of the program created by this Chapter upon receipt of an appropriation or an award or donation from any other source sufficient to fund the authority's initial start-up and operational expenses. Funds appropriated, …
